Result of AGM

RNS Number : 3990B
CT Global Managed Portfolio Trust
30 September 2022
 

To:  RNS

Date:  30 September 2022

Company:  CT Global Managed Portfolio Trust PLC

LEI:   213800ZA6TW45NM9YY31

 

Subject: Result of Annual General Meeting

 

CT Global Managed Portfolio Trust PLC (the "Company") announces that, at the Annual General Meeting held on 29 September 2022, a poll was held on each of the resolutions and all 13 resolutions proposed were duly passed, including those detailed below:

 

· An ordinary resolution authorising the Directors' to allot new Income shares up to an aggregate nominal amount of £921,933.02 (consisting of 9,707,000 Income shares) and new Growth shares up to an aggregate nominal amount of £741,763.35 (consisting of 7,810,000 Growth shares), being approximately 20% of the Company's total issued Income shares and approximately 20% of the Company's total issued Growth shares respectively (excluding shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier, unless previously revoked, varied or extended by the Company in general meeting.

 

· A special resolution authorising the Directors' to allot new Income shares, or resell Income shares held in treasury, up to an aggregate nominal amount of £460,966.51 (consisting of 4,853,500 Income shares) and allot new Growth shares or resell Growth shares held in treasury, up to an aggregate nominal amount of £370,881.67 (consisting of 3,905,000 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 10% of the Company's total issued Growth shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.

 

· A special resolution providing the Directors' with additional authority to allot further new Income shares or resell Income shares held in treasury up to an aggregate nominal amount of £460,966.51 (consisting of 4,853,500 Income shares) and allot further new Growth shares or resell Growth shares held in treasury, up to an aggregate nominal amount of £370,881.67 (consisting of  3,905,000 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 10% of the Company's total issued Growth shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.

 

· A special resolution renewing the Directors' authority to make market purchases of up to 7,275,000 Income shares and 5,853,000 Growth shares being approximately 14.99% of the issued Income shares and 14.99% of the issued Growth shares (excluding Income shares and Growth shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting or on 29 December 2023, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

 

· A special resolution to approve the proposed Purchase Contract to enable the Company to make off-market purchases of its own deferred shares.

 

  The results of the poll were as follows:



For and Discretionary

Against

Withheld

Total Votes (excluding Votes Withheld)


Resolution

No of Votes

% of Votes Cast

No of Votes

% of Votes Cast

No of Votes


1

Receive Annual Report & Financial Statements for the year to 31 May 2022

41,702,428

100.0%

2,881

0.0%

2,357,569

41,705,309

2

Approve Directors' Remuneration Report for the year to 31 May 2022

34,752,373

92.0%

3,042,071

8.0%

6,268,434

37,794,444

3

To elect Shauna L. Bevan as a Director

38,112,914

97.6%

935,966

2.4%

5,013,995

39,048,880

4

To re-elect Sue P. Inglis as a Director

37,541,954

96.1%

1,518,798

3.9%

5,002,125

39,060,752

5

To re-elect Simon M. Longfellow as a Director

38,404,380

97.4%

1,027,138

2.6%

4,631,358

39,431,518

6

To re-elect David Warnock as a Director

38,535,118

97.8%

883,485

2.2%

4,644,276

39,418,603

7

To re-appoint KPMG LLP as Auditor and authority to determine its remuneration

37,638,980

95.1%

1,926,749

4.9%

4,497,149

39,565,729

8

Approval of the Company's dividend policy

40,263,671

99.2%

310,770

0.8%

3,488,439

40,574,441

9

Authorise the Directors to allot shares

39,473,910

98.7%

534,106

1.3%

4,054,863

40,008,016

10

Authorise the Directors to allot shares and sell treasury shares without pre-emption rights

37,348,411

97.3%

1,031,291

2.7%

5,683,179

38,379,702

11

Authorise the Directors to allot additional shares and sell treasury shares without pre-emption rights

37,149,811

97.0%

1,154,257

3.0%

5,758,813

38,304,068

12

Authorise the Company to purchase own shares

39,371,563

99.2%

310,404

0.8%

4,380,912

39,681,967

13

Approval of Proposed purchase contract

35,863,878

97.2%

1,042,620

2.8%

7,156,382

36,906,498

 

 

The full text of all the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Financial Statements for the year ended 31 May 2022 which was submitted to the National Storage Mechanism on 17 August 2022 and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website www.ctglobalmanagedportfolio.co.uk

 

Under the Articles of Association, at a general meeting on a poll, each Income shareholder and each Growth shareholder is entitled to a weighted vote determined in accordance with the underlying NAV of the relevant share class. The related share voting numbers for this meeting were 1.31 and 2.45 for the Income shares and Growth shares respectively.

 

At the time of the meeting the Company's issued share capital consists of 48,862,165 Income shares and 39,050,148 Growth shares with voting rights. Based on the share voting numbers determined for this meeting, the total voting rights applicable to the poll on the above resolutions were 159,682,299

 

 

 

For further information please contact:

 

Columbia Threadneedle Investment Business Limited 

Company Secretary

Telephone: 0131 718 1010

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