Result of AGM

RNS Number : 7963P

BMO Capital & Income Inv Tst PLC

12 February 2019

 

BMO CAPITAL AND INCOME INVESTMENT TRUST PLC

("the Company")

LEI: 21380052ETTRKV2A6Y19

Results of Annual General Meeting and Chairmanship Succession Planning

At the Company's AGM held on 12 February 2019 all resolutions were passed, including those detailed below:

●          An ordinary resolution renewing the Directors' general authority to allot shares up to an aggregate nominal amount of £2,540,750 being equivalent to approximately 10% of the Company's issued share capital (excluding treasury shares).  This authority will expire at the conclusion of the next AGM of the Company in 2020 or on the expiry of 15 months from the passing of the resolution (whichever is earlier) unless previously revoked, varied or extended.

●          A special resolution renewing the Directors' authority to allot shares and to sell treasury shares on a non-pre-emptive basis up to an aggregate nominal amount of £2,540,750 being equivalent to approximately 10% of the Company's issued share capital (excluding treasury shares).  This authority will expire at the conclusion of the next AGM of the Company in 2020 or on the expiry of 15 months from the passing of the resolution (whichever is earlier) unless previously revoked, varied or extended.

●          A special resolution renewing the Directors' authority to make market purchases of up to 15,234,000 ordinary shares of 25p being equivalent to approximately 14.99% of the Company's issued share capital (excluding treasury shares).  This authority will expire at the conclusion of the next AGM of the Company in 2020 or on the expiry of 15 months from the passing of this resolution (whichever is earlier) unless previously revoked, varied or extended. 

The Chairman, Steven Bates, reported his intention to retire from the Board during the course of 2020.   The search for the new chairman will be led by Senior Independent Director, Clare Dobie.

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Accounts which is available for viewing at the National Storage Mechanism at www.morningstar.co.uk/uk/nsm or on the Company's website www.bmocapitalandincome.com 

A summary of proxy votes received will shortly be available on the Company's website www.bmocapitalandincome.com together with a copy of the Fund Manager's presentation.

Name of contact and telephone number for enquiries:

Hugh Potter

For and on behalf of BMO Investment Business Limited, Secretary
Telephone: [phone]

 

END

 

 

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