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Gresham House St PLC (GHS)

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Thursday 19 September, 2019

Gresham House St PLC

Result of AGM

RNS Number : 0333N
Gresham House Strategic PLC
19 September 2019
 

19 September 2019

GRESHAM HOUSE STRATEGIC PLC

(The "Company")

Results of Annual General Meeting

The Company announces that at its Annual General Meeting ("AGM") held earlier today, all the resolutions put to Shareholders were passed by the requisite majority. Resolutions 1 to 8 were passed as ordinary resolutions and Resolutions 9 and 10 were passed as special resolutions. The results of the proxy votes received were as follows:

Resolution

 

For

%

Against

%

 

Withheld

1.    To receive the annual report and accounts for the year ended 31 March 2019.

 

1,619,754

78.97

431,470

21.03

8

2.    Declare a final dividend of 11.1p per share.

 

1,619,757

78.97

431,474

21.03

1

3.    To re-elect Charles Berry as a director.

 

1,418,955

76.67

431,741

23.33

200,536

4.    To re-elect Ken Lever as a director.

 

1,619,472

78.95

431,745

21.05

15

5.    To re-elect David Potter as a director.

 

1,619,743

78.96

431,477

21.04

12

6.    To re-elect Helen Sinclair as a director.

 

1,619,721

78.96

431,483

21.04

28

7.    To re-appoint BDO (UK) LLP as auditor and authorise the determination of their fees.

 

1,619,744

78.96

431,485

21.04

3

8.    To authorise the Directors to allot shares.

 

1,619,724

78.96

431,497

21.04

11

9.    To authorise the Directors to disapply pre-emption rights.

 

1,619,027

78.93

432,161

21.07

44

10.  To authorise the Company to purchase its own shares.

 

1,619,698

78.96

431,496

21.04

38

 

The Board has noted that the votes cast against all resolutions were slightly greater than 20% of those exercised in total by the Company's shareholders. The vast majority of these shares, however, were voted by only one institution. The Board engages with that shareholder on an ongoing basis (as it does with others) and reflects carefully upon the feedback received.  While disappointed, the Board recognises the reasons behind the voting stance taken and will continue to engage with that shareholder, and others, during the coming year.

Notes:

1.    Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" total.

2.    Votes "For" and "Against" any resolution are expressed as a percentage (rounded to two decimal places) of votes validly cast for that resolution.

3.    A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

4.    The Company's total ordinary shares in issue (total voting rights) as at 19 September 2019 was 3, 555,330 ordinary shares of 50 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.

For further information please contact:

Gresham House Strategic plc

David Potter

07711 450 391

Gresham House Asset Management Ltd

Investment Manager

Graham Bird

0203 837 6270

finnCap Ltd

Nominated Adviser and  Broker

Matt Goode / William Marle

0207 220 0500

 

 

 


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