Result of AGM

RNS Number : 7443W

Witan Investment Trust PLC

28 April 2016

 

WITAN INVESTMENT TRUST PLC

28 APRIL 2016

Annual General Meeting Held On Thursday 28 April 2016

Witan Investment Trust plc ('the Company') hereby gives notification that, at the Annual General Meeting of the Company held on Thursday 28 April 2016, all the resolutions, as set out in full in the notice of meeting dated 14 March 2016, were duly passed.  The resolutions in respect of special business were duly passed as follows:

1. That the Long-Term Bonus be approved and that the Remuneration Committee be authorised to do all acts and things as they consider appropriate to implement the Long-Term Bonus.

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 £4,994,039.

4. That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 29,953,520 ordinary shares (being 14.99% of the ordinary shares).

5. That the Company be authorised 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).

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.

Mr James Bevan retired as a non-executive Director of the Company at the conclusion of the Annual General Meeting.

-  ENDS -

For further information please contact:

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Telephone:  [phone]

 

END

 

 

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