Result of AGM

RNS Number : 1819Z

Montanaro European Smaller C.TstPLC

29 August 2018

 

MONTANARO EUROPEAN SMALLER COMPANIES TRUST PLC (the "Company")

Date:   29 August 2018

LEI:      213800CWSC5B8BG3RS21

Result of AGM

Montanaro European Smaller Companies Trust plc announces that, at the Annual General Meeting held on 29 August 2018, all 11 resolutions proposed were duly passed, including those detailed below:

·     An ordinary resolution renewing the Directors' authority to allot ordinary shares of 50 pence each (the "Ordinary Shares") up to an aggregate nominal amount of £836,500, representing an amount equal to approximately 10% of the Company's total issued share capital (excluding shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held in 2019 or, if earlier, on 30 September 2019, unless previously renewed, varied or revoked by the Company in general meeting.

·     A special resolution renewing the Directors' authority to allot new Ordinary Shares for cash and to sell treasury shares, other than on a pre-emptive basis, up to an aggregate nominal amount of £836,500, representing an amount equal to approximately 9.6% of the Company's total issued share capital (including shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held in 2019 or, if earlier, on 30 September 2019, unless previously renewed, varied or revoked by the Company in general meeting.

·     A special resolution renewing the Directors' authority to make market purchases of up to 2,508,315 Ordinary Shares being approximately 14.99% of the Company's total issued share capital (excluding shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held in 2019 or, if earlier, on 30 September 2019, unless previously renewed, varied or revoked by the Company in general meeting.

The full text of the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Accounts of the Company for the year ended 31 March 2018, which has been submitted to the National Storage Mechanism and is available for inspection at www.morningstar.co.uk/uk/nsm or on the Company's website www.montanaro.co.uk.

A summary of the proxy votes received will shortly be available on the Company's website www.montanaro.co.uk.

All Enquiries:

F&C Investment Business Limited

Company Secretary

020 7628 8000

 

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