Notice of AGM

RNS Number : 8745O

North Atlantic Smlr Co Inv Tst PLC

14 June 2022

 

NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC

(the Company)

Correction to Resolution 14 for the Annual General Meeting

On 20 May 2022 notice of annual general meeting (AGM) and a proposed waiver of Rule 9 of the City Code on Takeovers and Mergers was sent to all shareholders of the Company (AGM Notice). The AGM is due to be held on 21 June 2022. An error in resolution 14 in the AGM Notice has come to the attention of the board of directors and therefore resolution 14 is to be amended as follows (amendments are underlined):

To approve the waiver by the Panel on Takeovers and Mergers of any requirement under Rule 9 of the City Code on Takeovers and Mergers (the Takeover Code) for Christopher Mills and persons presumed to be acting in concert with him under the Takeover Code (the Concert Party) to make a general offer to shareholders of the Company as a result of market purchases by the Company of up to 1,366,100 ordinary shares in the capital of the Company pursuant to the authority to be sought under Resolution 12 above which would have the effect of increasing the Concert Party's aggregate interest to 34.21% of the Company's voting rights.

This increase in percentage is due to a small number of shares in the Company (83,924 in total) held by Harwood Capital Nominees Limited which are managed by Christopher Mills through Harwood Capital LLP on a discretionary basis and should have been included within the Concert Party's shareholdings set out in the AGM Notice. The Concert Party's total shareholdings in the AGM Notice should therefore be 4,205,664 (rather than 4,121,740).

Votes already cast will remain valid and shareholders do not need to take any action unless they wish to amend their voting. Shareholders that have already voted and wish to amend their voting are advised that this may be done by no later than 48 hours before the AGM (that is midday on 19 June 2022).

Shareholders who have not as yet voted are requested to take this amendment into account when voting. The resolution proposed at the AGM shall be the above amended resolution and the form of proxy for the AGM remains unchanged.

For further information please contact:

Jane Muir

For Kin Company Secretarial, Company Secretary

[e-mail]

+ 44 (0) 20 8819 6486

 

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