AGM Statement

RNS Number : 0028G

Witan Investment Trust PLC

30 April 2014

 



WITAN INVESTMENT TRUST PLC

30 APRIL 2014

Annual General Meeting Held On Wednesday 30 April 2014

Witan Investment Trust plc ('the Company') hereby gives notification that, at the Annual General Meeting of the Company held on Wednesday 30 April 2014, all the resolutions, as set out in full in the notice of meeting dated 17 March 2014, were duly passed.  The resolutions in respect of special business were duly passed as follows:

1. That the aggregate of all fees paid to the directors shall not exceed the sum of £350,000 per annum.

2. That the Directors be authorised to allot relevant securities.

3. That the Directors be authorised to disapply pre-emption rights on the allotment or sale from treasury of equity securities up to a nominal amount of £4,732,775.

4. To authorise the Company to make market purchases of its own ordinary shares up to a maximum of 28,377,718 ordinary shares (being 14.99% of the ordinary shares in issue at 30 April 2014).

5. To authorise the Company to make market purchases of its own preference shares up to a maximum of 2,055,000 of the 3.4% cumulative preferences shares and 500,000 of the 2.7 cumulative preference shares (being 100% of the preference shares in issue at 30 April 2014).

A copy of the full text of the resolutions in respect of special business passed at the Annual General Meeting has been lodged with the National Storage Mechanism and will shortly be available for viewing at www.hemscott.com/nsm.do

-  ENDS -

For further information please contact:

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Telephone:  [phone]

Jason Nisse/Willa Malcolm

Newgate Communications

Telephone: [phone]

Email: [e-mail]

 

END

 

 

AGMIMMRTMBTJBAI