Result of AGM

Witan Investment Trust PLC
04 May 2023
 

WITAN INVESTMENT TRUST PLC

 

4 MAY 2023

 

Annual General Meeting Held On THURSDAY 4 MAY 2023

 

Witan Investment Trust plc (the 'Company') hereby gives notification that, at the Annual General Meeting of the Company held on Thursday, 4 May 2023, all the resolutions, as set out in full in the notice of meeting dated 31 March 2023, were duly passed.  The resolutions in respect of special business were duly passed as follows:

 

1.       That the dividend policy of the Company as set out in the Annual Report for the year ended 31 December 2022 be approved.

 

2.       That the directors be authorised to allot ordinary shares.

 

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 £3,303,146.

 

4.       That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 99,028,329 ordinary shares, being 14.99% of the ordinary shares of 5 pence each in issue.

 

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).

 

6.       That any general meeting of the Company (other than the Annual General Meeting) may be called on not less than 14 clear days' notice.

 

The resolutions were all passed on a show of hands. 

 

A copy of the full text of the resolutions in respect of special business passed at the Annual General Meeting will be lodged with the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

Suzy Neubert, non-executive director and Senior Independent Director, retired from the Board at the conclusion of the Annual General Meeting.  Rachel Beagles has been appointed as Senior Independent Director with immediate effect. 

 

 

The results of the proxy voting were as follows:

 

 

Resol-ution

 

 

Description

Votes

For

Votes

Against

Votes

withheld

Total votes cast

(excluding votes withheld)

1   

To receive the Annual Report for the year ended 31 December 2022

 

115,535,362

75,849

282,879

115,611,211

2   

To receive and approve the Directors' Remuneration Report for the year ended 31 December 2022, other than the part containing the Directors' Remuneration Policy.

100,378,634

14,670,866

844,590

115,049,500

3   

To elect Ms S L Bevan as a director of the Company

 

114,644,243

413,588

836,259

115,057,831

4   

To elect Dr S M Yogendra as a director of the Company

 

114,423,655

646,668

823,767

115,070,323

5   

To re-elect Mr A J Ross as a director of the Company

 

114,590,290

546,318

757,482

115,136,608

6   

To re-elect Mrs R A Beagles as a director of the Company

 

114,592,888

594,033

707,169

115,186,921

7   

To re-elect Mr A L C Bell as a director of the Company

 

114,526,903

664,610

702,577

115,191,513

8   

To re-elect Mrs G M Boyle as a director of the Company

 

114,605,251

552,812

736,027

115,158,063

9   

To re-elect Mr J S Perry as a director of the Company

 

114,006,741

1,140,313

739,311

115,147,054

10 

To re-elect Mr B C Rogoff as a director of the Company

 

114,595,043

518,735

747,587

115,113,778

11 

To re-elect Mr P T Yates as a director of the Company

 

101,314,568

13,822,495

757,027

115,137,063

12 

To re-appoint Grant Thornton UK LLP as Auditor of the Company

 

114,523,805

766,559

603,726

115,290,364

13 

To authorise the Audit & Risk Committee to determine the remuneration of the Auditor

 

115,168,707

362,417

362,966

115,531,124

SPECIAL BUSINESS (*Special Resolutions)




14 

To approve the dividend policy of the Company

 

115,267,350

262,666

364,074

115,530,016

15 

To authorise the directors to allot ordinary shares

 

114,479,162

645,842

769,086

115,125,004

16 

*To authorise the directors to allot equity securities for cash and to sell shares held by the Company as treasury shares on a non pre-emptive basis

 

114,258,390

914,323

721,377

115,172,713

 

17 

*To authorise the Company to make market purchases of its own ordinary shares

 

107,163,013

8,163,179

567,898

115,326,192

 

18 

*To authorise the Company to make market purchases of its own preference shares

 

107,897,174

7,373,117

623,799

115,270,291

 

19 

*That any general meeting of the Company other than the Annual General Meeting may be called on not less than 14 clear days' notice

114,451,759

1,001,659

440,672

115,453,418

 

 

The number of ordinary shares of 5p each in issue as at 6.30 pm on Tuesday 2 May 2023, the closing date for the receipt of proxies, was 660,934,298 (excluding 339,420,702 shares held in treasury).  Each share has one vote. A vote withheld is not counted towards the votes "For" or "Against" a resolution.

-  ENDS -

For further information please contact:

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Telephone:  020 7227 9770

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings