Result of AGM

 

Aberforth Smaller Companies Trust plc

 

Annual General Meeting held on 6 March 2025

The Board of Aberforth Smaller Companies Trust plc hereby reports that all the resolutions proposed at the Annual General Meeting held on 6 March 2025 were passed by Shareholders on a poll.  

The table below shows the results of the poll.

Resolution	Votes For	% Votes For	Votes Against	% Votes Against	Total Votes cast (excluding Votes Withheld)	Votes Withheld
1   That the Report and      Financial Statements  for the year ended 31      December 2024 be      adopted.	45,611,979	95.25%	2,275,752	4.75%	47,887,731	6,819
2   That the Directors’      Remuneration Report for the year ended 31      December 2024 be      approved.	47,812,027	99.88%	56,659	0.12%	47,868,686	25,864
3   That a final dividend of 30.00p per share and a special dividend of 6.00p per share be approved.	47,885,536	99.99%	3,923	0.01%	47,889,459	5,091
4   That Richard Davidson be      re-elected as a Director.	47,859,516	99.97%	16,467	0.03%	47,875,983	18,567
5   That Jaz Bains be      re-elected as a Director.	47,855,080	99.96%	18,626	0.04%	47,873,706	20,844
6   That Patricia Dimond be re-elected as a Director.	47,856,925	99.96%	16,781	0.04%	47,873,706	20,844
7   That Victoria Stewart be re-elected as a Director.	47,855,850	99.96%	17,651	0.04%	47,873,501	21,049
8   That Martin Warner be re-elected as a Director.	47,859,259	99.97%	15,531	0.03%	47,874,790	19,760
9  That Johnston      Carmichael LLP be      re-appointed as      Independent Auditor of the Company to hold      office until the      conclusion of the next Annual General Meeting at which the Financial Statements are laid before the Company.	47,723,616	99.96%	19,966	0.04%	47,743,582	150,968

10 That the Audit       Committee be       authorised to determine the remuneration of the       Independent Auditor for the year to 31 December 2025.	47,861,131	99.97%	14,951	0.03%	47,876,082	18,468
11 That the Company be       authorised to buy back Ordinary Shares.	48,027,854	99.57%	206,034	0.43%	48,233,888	6,491

Notes

1. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
2. Proxy appointments which gave discretion to the Chairman have been included as votes for the resolution.
3. Resolutions 1 to 10 were ordinary resolutions and resolution 11 was a special resolution.
4. The total votes cast represented 57.90% of the 82,724,105 Ordinary Shares in issue at 4 March 2025.

The full text of the resolutions can be found in the Notice of the Annual General Meeting contained in the 2024 Annual Report and Financial Statements which is on the website www.aberforth.co.uk.  The report has been submitted to the National Storage Mechanism and is available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Contact 

Michael Campbell, Aberforth Partners LLP, Secretaries

Telephone: [phone]

6 March 2025

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