Result of AGM

Bankers Investment Trust PLC
22 February 2024
 

 

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

 

THE BANKERS INVESTMENT TRUST PLC

 

LEGAL ENTITY IDENTIFIER: 213800B9YWXL3X1VMZ69

 

22 February 2024

 

THE BANKERS INVESTMENT TRUST PLC

 

Annual General Meeting of the Company

held on Thursday, 22 February 2024

 

The Bankers Investment Trust PLC announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll. This included the following resolutions:

 

As Ordinary Resolutions:

 

-        Resolution 11: to authorise the Directors to allot ordinary shares up to 10% of the issued ordinary share capital;

 

As Special Resolutions:

 

-        Resolution 12: to authorise the Directors to allot or to sell from treasury up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;

 

-        Resolution 13: to authorise the Company to make market purchases of the Company's ordinary shares up to 14.99% of its issued ordinary share capital excluding treasury shares; and

 

-        Resolution 14: to authorise that a General Meeting other than an Annual General Meeting may be held on not less than 14 clear days' notice.

 

The full text of the resolutions can be found in the circular to shareholders dated 17 January 2024 which can be viewed on the Company's website at: www.bankersinvestmenttrust.com

 

The poll results were as follows:

 

Resolutions

Number of Votes FOR (including at Chair's discretion)

% of votes FOR

Number of Votes AGAINST

% of votes AGAINST

Total votes cast

Votes cast (excluding votes withheld) as a percentage of total voting rights

Number of votes withheld

1 To receive the annual report and the audited financial statements for the year ended

31 October 2023

 

322,048,609

99.99

47,517

0.01

322,096,126

26.55%

405,820

2 To approve the Directors' Remuneration Report for the year ended

31 October 2023

319,384,192

99.58

1,351,420

0.42

320,735,612

26.44%

1,766,334

3 To approve the final dividend of 0.66p per share

322,005,281

99.98

63,084

0.02

322,068,365

26.55%

433,581

4 To re-appoint Mr Simon Miller as a Director

320,604,524

99.84

503,699

0.16

321,108,223

26.47%

1,393,723

5 To re-appoint Ms Hannah Philp as a Director

320,434,514

99.80

645,509

0.20

321,080,023

26.47%

1,421,923

6 To re-appoint Ms Charlotte Valeur

320,369,974

99.79

670,053

0.21

321,040,027

26.46%

1,461,919

7 To re-appoint Me Richard West as a Director

320,671,858

99.86

461,669

0.14

321,133,527

26.47%

1,368,419

8 To appoint

Mr Ankush Nandra as a Director

320,521,289

99.88

394,515

0.12

320,915,804

26.45%

1,586,142

9 To re-appoint Ernst & Young LLP as a statutory Auditor to the Company

320,639,367

99.76

778,499

0.24

321,417,866

26.49%

1,084,080

10 To authorise the Audit and Risk Assurance Committee to determine the Auditor's remuneration

321,076,321

99.83

547,648

0.17

321,623,969

26.51%

877,977

11 To give Directors authority to allot ordinary shares

320,742,332

99.79

677,143

0.21

321,419,475

26.49%

1,082,471

12 To give Directors authority to disapply pre-emption rights on allotment or sale of ordinary shares*

319,280,524

99.42

1,859,887

0.58

321,140,411

26.47%

1,361,535

13 To give the Company authority to make market purchases of ordinary shares in the capital of the Company*

321,195,422

99.83

534,836

0.17

321,730,258

26.52%

771,688

14 To approve that a general meeting may be called on not less than 14 clear days notice*

319,177,057

99.23

2,468,665

0.77

321,645,722

26.51%

856,224

 

*Special resolution



 

 

For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of the Company's total voting rights as at the close of business on 20 February 2024, being the time at which a shareholder had to be registered in the register of members in order to vote at the Annual General Meeting. A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution. 

 

The number of ordinary shares in issue in the Company at the date of this announcement is 1,315,102,830.

 

A copy of the poll results will shortly be available on the Company's website at:

www.bankersinvestmenttrust.com

 

A copy of the special business resolutions will be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

 

The Company also announces that from the conclusion of the Annual General Meeting, Mr Julian Chillingworth, the Senior Independent Director, retired from the Board.

 

For further information please contact:

 

Alex Crooke

Fund Manager

The Bankers Investment Trust PLC

Telephone: 020 7818 4447

 

Dan Howe

Head of Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 4458

 

Harriet Hall

Investment Trust PR Director

Janus Henderson Investors

Telephone: 020 7818 2919

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