The Directors' Dealing Investment Trust Plc ("DDIT" or the "Company")
Annual General Meeting
The Board of DDIT is pleased to announce that all resolutions proposed at the
annual general meeting of the Company ("AGM") which was held earlier today were
duly passed.
Resolutions 1 to 4 (inclusive) and Resolution 6 related to Ordinary Business
and were passed on a show of hands. The total number of proxy votes lodged in
relation to those resolutions were as follows:
Resolution Votes in % Votes % Withheld
favour* against votes
1 2,219,203 98.90 24,635 1.10 2,620,028
2 2,223,765 99.13 19,609 0.87 2,620,492
3 2,234,969 100 0 0 2,628,897
4 4,842,556 99.58 20,630 0.42 680
6 2,228,773 99.29 15,831 0.71 2,619,262
* The "in favour" votes include those votes giving the Chairman discretion
Following the resignation of Mr Jeffery on 28 October 2009, Resolution 5 was
withdrawn from the business of the meeting. The Chairman informed the meeting
that the Board's Nomination Committee would be meeting shortly to discuss the
appointment of one or more additional directors.
Resolutions 7 to 10 related to Special Business.
Resolution 8 (renewal of the authority to allot shares) was passed by way of an
Ordinary Resolution on a show of hands. The total number of proxy votes lodged
in relation to this resolution were as follows:
Resolution Votes in % Votes % Withheld
favour* against votes
8 2,244,104 100 0 0 2,619,762
Resolution 7 (renewal of the authority to buy-back shares), Resolution 9
(dis-application of pre-emption rights) and Resolution 10 (reduction of the
notice required for the holding of general meetings other than annual general
meetings) were passed by way of Special Resolutions on a poll. The total number
of votes cast for and against each of these resolutions were as follows:
Resolution For % Against % Total
7 2,244,604 99.95 1,030 0.05 2,245,634
9 2,220,252 98.91 24,482 1.09 2,244,734
10 2,239,214 99.73 6,020 0.27 2,245,234
* The "in favour" votes include those votes giving the Chairman discretion
At the meeting, the Investment Manager delivered a presentation in which he
outlined the Company's investment concept and reported on the performance of
the Legacy Portfolio and the Directors' Dealing Portfolio. A copy of this
presentation is available at www.directorsdealing.co.uk.
Under Listing Rule 9.6.2 copies of the resolutions passed relating to Special
Business will be submitted to the Financial Services Authority ("FSA") and will
shortly be available for inspection at the FSA's Document Viewing Facility
situated at the following address:
The Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS