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Gabelli Value Plus+ (GVP)

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Thursday 30 July, 2020

Gabelli Value Plus+

Result of AGM

RNS Number : 6755U
Gabelli Value Plus+ Trust PLC
30 July 2020
 

GABELLI VALUE PLUS+ TRUST PLC ("the Company")

Legal Entity Identifier: 213800FZFN1SD1GNNZ11

 

Results of Annual General Meeting

Following the Annual General Meeting (the "AGM") which was held today, 30 July 2020, the Company announces that all resolutions set out in the Notice of Annual General Meeting dated 26 June 2019 were duly passed on a poll, with the exception of resolutions 10 and 12.

The full text of each resolution can be found in the Annual Report and Accounts for the year ended 31 March 2020, which is available at www.gabelli.co.uk

 

In accordance with listing rule 9.6.2 a copy of the resolutions has been submitted to the National Storage Mechanism, and will shortly be available for inspection at:

www.morningstar.co.uk/uk/NSM

The poll results for and against each resolution and the number of votes withheld, were as follows:

 


Votes
For

% (of votes cast excl. withheld)

Votes
Against

% (of votes cast excl. withheld)

Total

Votes
Withheld

Resolution 1

82,196,491

100.00

961

0.00

82,197,452

515,550

Resolution 2

82,196,491

100.00

961

0.00

82,197,452

515,550

Resolution 3

82,196,491

100.00

961

0.00

82,197,452

515,550

Resolution 4

54,566,798

99.63

204,553

0.37

54,771,351

27,941,651

Resolution 5

75,695,854

92.12

6,476,508

7.88

82,172,362

540,640

Resolution 6

49,382,105

90.16

5,389,246

9.84

54,771,351

27,941,651

Resolution 7

82,196,491

100.00

961

0.00

82,197,452

515,550

Resolution 8

82,196,491

100.00

961

0.00

82,197,452

515,550

Resolution 9

81,068,491

98.63

1,128,961

1.37

82,197,452

515,550

Resolution 10

53,642,390

65.26

28,555,062

34.74

82,197,452

515,550

Resolution 11

82,196,491

100.00

961

0.00

82,197,452

515,550

Resolution 12

31,429,010

34.31

60,183,317

65.59

91,612,327

154

 

Resolution 12 required over 50% of all votes cast to be in favour of continuation for it to be approved. Given that this continuation resolution has not been passed, the Board of Directors of the Company is required to put forward to shareholders plans to wind-up, reorganise or reconstruct the Company. A further announcement will be made in due course. Accordingly the Company will today, in accordance with the terms of the investment management agreement between the Company and Gabelli Funds, LLC, the Company's discretionary investment manager, serve 24 months' protective notice on Gabelli Funds, LLC.

 

For further information please contact:

 

Maitland Administration Services Limited

Email: [email protected]andgroup.co.uk

Phone: +44 (0) 1245 398950

 

Peel Hunt LLP

Luke Simpson / Liz Yong, Corporate Broking

Telephone: +44 20 7418 8900

 


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