Result of AGM

RNS Number : 9542X

Value and Income Trust plc

03 September 2020

 

VALUE AND INCOME TRUST PLC

Result of Annual General Meeting

The Board announces that at the Annual General Meeting of Value and Income Trust PLC, held at 10.00am today, Thursday, 3 September 2020, at the offices of Maven Capital Partners UK LLP, First Floor Kintyre House, Glasgow G2 2LW, Ordinary Resolutions numbered 1 to 10, inclusive, and Special Resolutions numbered 11 to 13 inclusive, as set out in the Notice of Meeting within the 2020 Annual Report, were passed on a show of hands.

At the record date for the Annual General Meeting, being 1 September 2020, the total number of voting rights in the Company stood at 45,549,975 and the total number of shares in issue was 45,549,975. The Company advises that for the Annual General Meeting, 123 valid proxy appointments were made in respect of up to 16,462,981 shares.

In relation to Resolution 12 (authority to make market purchases of Ordinary Shares either for cancellation or for holding in treasury), 14.99% of the Company's issued Ordinary Share capital equated to 6,827,941 Ordinary Shares as at the date of the passing of the Resolution.

The numbers of proxy votes cast in respect of each Resolution were as follows:

	For and Chairman's Discretion		Against		Votes	Total Votes
Resolution	No. of	% of	No. of	% of	Withheld	(excluding Votes Withheld)
Number	Votes	Votes Cast	Votes	Votes Cast
1	16,301,876	99.98	3,769	0.02	180,517	16,305,645
2	16,144,358	99.37	101,867	0.63	239,938	16,246,225
3	16,128,863	99.49	82,205	0.51	275,095	16,211,068
4	13,965,603	86.73	2,137,015	13.27	383,544	16,102,618
5	14,442,775	87.74	2,019,013	12.26	24,374	16,461,788
6	15,831,750	97.21	453,739	2.79	200,674	16,285,489
7	14,872,634	91.32	1,412,854	8.68	200,674	16,285,488
8	16,241,332	99.77	36,634	0.23	208,197	16,277,966
9	16,248,059	99.86	22,484	0.14	215,620	16,270,543
10	16,197,231	98.39	265,750	1.61	23,182	16,462,981
11	16,035,924	97.54	403,903	2.46	46,336	16,439,827
12	16,207,559	99.43	93,476	0.57	185,127	16,301,035
13	16,004,498	98.76	201,097	1.24	280,568	16,205,595

Copies of Resolutions 10, 11, 12 and 13, all of which were passed at the AGM, have been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at:

  https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism*

A copy of the Managers' AGM presentation together with a copy of the 2020 Annual Report may be downloaded from the websites of the Company's Investment Managers at   www.olim.co.uk and www.olimproperty.co.uk *

*Neither the websites of the Company's Investment Managers, nor the NSM website, nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

Enquiries:

Miranda Kelly

Maven Capital Partners UK LLP

Company Secretary

Tel: [phone]

 

END

 

 

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