Result of AGM

Schroder Asian Total Retn InvCo PLC

25 April 2023

 

25 April 2023

Annual General Meeting

Schroder Asian Total Return Investment Company plc (the "Company") announces that at the Annual General Meeting held  today, all 13 resolutions were passed on a poll.

The full text of the resolutions is contained in the Notice of Annual General Meeting in the Company's Annual Report for the year ended 31 December 2022 available on the Company's website at https://www.schroders.com/en-gb/uk/individual/funds-and-strategies/investment-trusts/schroder-asian-total-return-investment-company-plc/.

As set out in the Company's Annual Report for the year ended 31 December 2022, Mr Holt retired from the Board immediately following the Annual General Meeting.  With immediate effect, Mr Judd succeeded Mr Holt as Chairman of the Audit and Risk Committee.

The proxy votes received in respect of the resolutions are set out below:

	Resolution	For	%	Against	%	Withheld	% of ISC
1	To receive the Annual Report & Accounts	47,951,356	99.98	11,369	0.02	10,150	46.15
2	To approve the final dividend	47,946,858	99.99	2,500	0.01	23,517	46.14
3	To approve the Remuneration Policy	47,868,682	99.91	45,056	0.09	59,137	46.10
4	To approve the Remuneration Report	47,880,499	99.92	39,127	0.08	53,249	46.11
5	To re-elect Mr Andrew Cainey	47,344,516	98.74	604,351	1.26	24,008	46.14
6	To re-elect Mrs Caroline Hitch	47,366,071	98.78	582,796	1.22	24,008	46.14
7	To re-elect Mrs Sarah MacAulay	45,499,506	94.89	2,449,361	5.11	24,008	46.14
8	To elect Mr Jasper Judd	47,911,278	99.93	35,707	0.07	25,890	46.13
9	To re-appoint Ernst & Young LLP as auditor	47,917,408	99.91	44,117	0.09	11,350	46.15
10	To approve the auditor's remuneration	47,943,590	99.97	13,810	0.03	15,475	46.14
11	To renew the authority to allot shares	47,920,810	99.94	26,552	0.06	25,513	46.13
12*	To approve the disapplication of pre-emption rights	47,818,154	99.73	127,891	0.27	26,830	46.13
13*	To renew the authority to purchase own shares	47,851,686	99.77	110,769	0.23	10,420	46.15

*Resolutions 12 and 13 were passed as special resolutions.  

A copy of the resolutions passed as special business will shortly be submitted to the National Storage Mechanism, and available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The proxy votes lodged with the Registrar will shortly be available via the Company's website at: https://www.schroders.com/en-gb/uk/individual/funds-and-strategies/investment-trusts/schroder-asian-total-return-investment-company-plc/.

The total number of ordinary shares of 5p each in issue, at the time of the meeting was 109,114,651 of which 5,375,701 were held in treasury. Therefore, the total number of ordinary shares with voting rights was: 103,738,950. Shareholders are entitled to one vote per share. Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution. Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.

    Enquiries:

Kerry Higgins

Schroder Investment Management Limited                                        

0207 6586189

 

END