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Independent Inv Tst (IIT)

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Monday 22 March, 2010

Independent Inv Tst

AGM Statement

RNS Number : 9345I
Independent Investment Trust PLC
22 March 2010
 



THE INDEPENDENT INVESTMENT TRUST PLC

Annual General Meeting, 19 March 2010

At the AGM held on 19 March 2010 all resolutions were passed, including the resolutions detailed below:

·    Shareholders authorised the Company to renew its share buy back authority.

Shareholders approved a special resolution renewing the Company's authority to make market purchases of up to 14.99 per cent of the Company's issued share capital, being 9,272,065 ordinary shares of 25p. The authority will expire at the conclusion of the AGM to be held in respect of the year ending 30 November 2010 unless previously varied, revoked or renewed.

·    Shareholders approved the directors' general authority to issue shares.

Shareholders approved an ordinary resolution renewing the Company's authority to issue shares up to a nominal value of £5,154,068, being 20,616,272 ordinary shares of 25p. The authority will expire on 18 March 2015 unless previously varied, revoked or renewed.

·    Shareholders approved that the directors be authorised to issue shares on a non pre-emptive basis.

Shareholders approved a special resolution renewing the Company's authority to issue shares up to a nominal value of £5,154,068 on a non pre-emptive basis, being 20,616,272 ordinary shares of 25p. The authority will expire on 18 March 2015 unless previously varied, revoked or renewed.

               Special Business

·    Adoption of New Articles of Association.

Shareholders approved a special resolution to adopt new Articles of Association which take account of further changes in company law brought about by the coming into force of the final parts of the Companies Act 2006 and the implementation of the Shareholders' Rights Directive.

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Financial Statements which is available for viewing at the UK Listing Authority's Document Viewing Facility, the address of which is shown below. A copy of the resolutions passed under special business will be submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility at the address below.

 

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Tel. no. (0)20 7066 1000

 

Baillie Gifford & Co.

Company Secretaries

22 March 2010

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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