Result of AGM

RNS Number : 2993L

Montanaro UK Smlr Cos Inv Tst PLC

17 July 2017

 

MONTANARO UK SMALLER COMPANIES INVESTMENT TRUST PLC

The Company announces that, at the Annual General Meeting held today, all Resolutions were passed on a show of hands. Resolutions 1 to 10, Resolution 12 and Resolution 14 were passed as Ordinary Resolutions and Resolution 11, Resolution 13 and Resolution 15 were passed as Special Resolutions. The Resolutions and the proxy votes received are set out below:

1.  To receive and accept the Strategic Report, the Reports of the Directors and the Auditor and the audited financial Statements for the year ended 31 March 2017.

Votes for: 24,637,303 (99.97%)

Votes against: 0 (0%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 43,810 (N/A)

2.  To receive and approve the Directors' Remuneration Report for the year ended 31 March 2017.

Votes for: 24,631,053 (99.94%)

Votes against: 7,144 (0.03%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 42,916 (N/A)

3.  To declare a final dividend of 10.5p per Ordinary share for the year ended 31 March 2017.

Votes for: 24,638,197 (99.97%)

Votes against: 0 (0%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 42,916 (N/A)

4.  To re-elect Roger Cuming as a Director of the Company.

Votes for: 24,631,053 (99.97%)

Votes against: 0 (0%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 50,060

5.  To re-elect Kate Bolsover as a Director of the Company.

Votes for: 24,631,053 (99.94%)

Votes against: 6,250 (0.03%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 43,810

6.  To elect Arthur Copple as a Director of the Company.

Votes for: 24,637,303 (99.97%)

Votes against: 0 (0%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 43,810

7.  To re-elect James Robinson as a Director of the Company.

Votes for: 24,631,053 (99.97%)

Votes against: 0 (0%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 50,060

8.  To appoint Ernst & Young LLP as Auditor to the Company and to authorise the Directors to determine their remuneration.

Votes for: 24,634,803 (99.96%)

Votes against: 3,394 (0.01%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 42,916

9.  To receive and approve the Directors' Remuneration Policy.

Votes for: 24,631,053 (99.96%)

Votes against: 894 (0.01%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 49,166

10. To release the directors from the obligation to convene a General Meeting during 2018 to propose the winding up of the Company.

Votes for: 24,057,716 (97.44%)

Votes against: 623,397 (2.53%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 0 (0%)

11. To authorise the Directors to make market purchases of up to 14.99% of its Ordinary Shares.

Votes for: 24,638,197 (99.97%)

Votes against: 0 (0%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 42,916

12. To authorise the Directors to allot relevant securities in accordance with Section 551 of the Companies Act 2006.

Votes for: 24,629,447 (99.93%)

Votes against: 8,750 (0.04%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 42,916

13. To authorise the Directors to allot equity securities for cash and to disapply pre-emption rights, in accordance with Sections 570 and 573 of the Companies Act 2006.

Votes for: 24,628,553 (99.93%)

Votes against: 8,750 (0.04%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 43,810

14. To authorise the Directors in certain circumstances to issue shares held in Treasury at a discount to net asset value.

Votes for: 22,752,725 (92.32%)

Votes against: 1,885,472 (7.65%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 42,916

15. To hold a General Meeting other than an Annual General Meeting on not less than 14 clear days' notice.

Votes for: 24,436,759 (99.15%)

Votes against: 201,438 (0.82%)

Votes at Third Party's discretion: 6,267 (0.03%)

Votes withheld: 42,916

17 July 2017

 

END

 

 

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