Result of AGM
Summary by AI BETAClose X
JANUS HENDERSON FUND MANAGEMENT UK LIMITED
THE CITY OF LONDON INVESTMENT TRUST PLC
LEGAL ENTITY IDENTIFIER: 213800F3NOTF47H6AO55
29 October 2026
THE CITY OF LONDON INVESTMENT TRUST PLC
Annual General Meeting of the Company
held on Thursday, 29 October 2026
The City of London Investment Trust plc announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll. This included seven special business resolutions:
- Resolution 11: to approve the Company’s dividend payment policy of continuing to pay four quarterly interim dividends in each year;
- Resolution 12: to authorise the Directors to allot ordinary shares up to 10% of the issued ordinary share capital;
- Resolution 13: to authorise the Directors to allot or to sell from treasury up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;
- Resolution 14: to authorise the Company to make market purchases of the Company’s ordinary shares;
- Resolution 15: to authorise the Company to make market purchases of the Company’s preferred stock;
- Resolution 16: to hold general meetings other than an Annual General Meeting on not less than 14 clear days’ notice; and
- Resolution 17: to adopt new Articles of Association.
The full text of all the resolutions can be found in the Notice of Annual General Meeting in the Company’s 2026 Annual Report which can be viewed on the Company's website at: www.cityinvestmenttrust.com.
The poll results were as follows:
|
Resolution |
Votes FOR |
% of votes FOR |
Votes AGAINST |
% of votes AGAINST |
Total votes cast (excluding votes withheld) |
Votes cast (excluding votes withheld) as a % of total voting rights |
Votes withheld |
|
1 Annual Report and financial statements |
6,187,374 |
99.85 |
9,235 |
0.15 |
6,196,609 |
17.92 |
33,772 |
|
2 Directors’ Remuneration Report |
6,106,839 |
98.92 |
66,595 |
1.08 |
6,173,434 |
17.85 |
56,943 |
|
3 Directors’ Remuneration Policy |
6,105,690 |
98.94 |
65,467 |
1.06 |
6,171,157 |
17.85 |
59,219 |
|
4 Re-election of Sir Laurie Magnus |
6,152,654 |
99.49 |
31,477 |
0.51 |
6,184,131 |
17.88 |
46,250 |
|
5 Re-election of Mr Ominder Dhillon |
6,144,920 |
99.44 |
34,601 |
0.56 |
6,179,521 |
17.87 |
50,860 |
|
6 Re-election of Mr Robert Holmes |
6,153,006 |
99.54 |
28,480 |
0.46 |
6,181,486 |
17.88 |
48,896 |
|
7 Re-election of Ms Sally Lake |
6,151,783 |
99.51 |
30,536 |
0.49 |
6,182,319 |
17.88 |
48,062 |
|
8 Re-election of Mrs Clare Wardle |
6,151,351 |
99.50 |
31,216 |
0.50 |
6,182,567 |
17.88 |
47,810 |
|
9 Re-appointment of Ernst & Young LLP as auditors |
6,118,930 |
98.95 |
65,129 |
1.05 |
6,184,059 |
17.88 |
46,322 |
|
10 Audit and Risk Committee to determine the auditors’ remuneration |
6,160,184 |
99.53 |
29,345 |
0.47 |
6,189,529 |
17.90 |
40,850 |
|
11 Approve the dividend payment policy |
6,192,726 |
99.86 |
8,844 |
0.14 |
6,201,570 |
17.93 |
28,810 |
|
12 Authority to allot ordinary shares |
6,156,935 |
99.47 |
33,076 |
0.53 |
6,190,011 |
17.90 |
40,371 |
|
13 Authority to disapply pre-emption rights on allotment or sale of ordinary shares* |
6,110,608 |
98.87 |
69,943 |
1.13 |
6,180,551 |
17.87 |
49,829 |
|
14 Authority to make market purchases of ordinary shares* |
6,167,215 |
99.56 |
27,407 |
0.44 |
6,194,622 |
17.91 |
35,183 |
|
15 Authority to make market purchases of preferred stock* |
6,170,559 |
99.70 |
18,629 |
0.30 |
6,189,188 |
17.90 |
41,192 |
|
16 Authority to call a general meeting on 14 clear days’ notice* |
6,120,385 |
98.87 |
70,130 |
1.13 |
6,190,515 |
17.90 |
39,863 |
|
17 Adopt new Articles of Association* |
5,694,706 |
99.24 |
43,897 |
0.76 |
5,738,603 |
16.60 |
491,776 |
* Special resolution.
For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of the Company's total voting rights as at the close of business on 27 October 2026 (34,579,489), being the time at which a shareholder had to be registered in the register of members in order to vote at the Annual General Meeting. A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.
The number of ordinary shares in issue at the date of this announcement is 517,797,106. As at the date of this announcement the number of voting rights in the Company is:
a) 34,519,807 in respect of the ordinary shares (one vote for every 15 shares held);
b) 30,198 in respect of the First Preference Stock (one vote for every £10 of stock held); and
c) 29,484 in respect of the Preferred Ordinary Stock (one vote for every £20 of stock held).
Therefore, the total number of voting rights in the Company is 34,579,489.
A copy of the poll results will shortly be available on the Company’s website at: www.cityinvestmenttrust.com
A copy of the special business resolutions will be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information please contact:
|
Janus Henderson Secretarial Services UK Limited Corporate Secretary to The City of London Investment Trust plc Tel: 020 7818 1818
|
|
Job Curtis Fund Manager The City of London Investment Trust plc Tel: 020 7818 4367
|
|
Harriet Hall PR Director, Investment Trusts Janus Henderson Investors Tel: 020 7818 2919 |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 2 days ago City of London Investment Group
- 2 days ago Aberdeen Group plc
- 2 days ago NATWEST GROUP
- 2 days ago Ondo Insurtech
- 2 days ago Banco Santander S.A.