Dividend Declaration & Result of AGM
Fleming Claverhouse Inv Trust PLC
10 April 2000
The Fleming Claverhouse Investment Trust plc
First quarterly interim dividend
The Directors have declared that a first
quarterly interim dividend of 1.70 pence per share
for the year ending 31st December 2000 will be
paid on 1st June 2000 to shareholders on the
register at close of business on 25th April 2000.
For further information
Jonathan Latter
Fleming Investment Trust Management Limited 0171 638 5858
THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC
The Fleming Claverhouse Investment Trust plc (the
Company') announces that at the Annual General
Meeting of the Company held on Thursday 6th April
2000, the following resolutions were passed as
Special Resolutions:
1. THAT
(a) the Directors be generally and unconditionally
authorised pursuant to and in accordance with
section 80 of the Companies Act 1985 to exercise
for the period ending on the date of the next
Annual General Meeting all the powers of the
Company to allot relevant securities up to an
aggregate nominal amount of £3,972,712;
(b) pursuant to and during the period of the
authority referred to in paragraph (a) above the
Directors be empowered to allot equity
securities up to an aggregate nominal amount of
£3,972,712 as if section 89(1) of the said Act
did not apply to any such allotment;
(c) by such authority and power the Directors may
during such period make offers or agreements
which would or might require allotments after
the expiry of such period;
and
(d) for the purposes of this resolution, words and
expressions defined in or for the purposes of
Part IV of the said Act shall bear the same
meanings in this resolution.
2. THAT the Company be generally and subject
as hereinafter appears unconditionally
authorised in accordance with Section 166 of the
Companies Act 1985 (the Act') to make
market purchases (within the meaning of
Section 163 of the Act) of its issued Shares
of 25p each in the capital of the Company.
PROVIDED ALWAYS THAT
(i) the maximum number of Shares hereby
authorised to be
purchased shall be 9,528,153 or, if less, that
number of shares which is equal to 14.99% of the
Company's issued share capital as at the date of the
passing of this Resolution;
(ii) the minimum price which may be paid for a
Share shall be 25p;
(iii) the maximum price which may be paid for a
Share shall be an amount equal to 105 per cent of
the average of the middle market quotations
for a Share taken from and calculated by
reference to the London Stock Exchange Daily
Official List for the five business days
immediately preceding the day on which the
Share is purchased;
(iv) any purchase of Shares will be made in
the market for cash at prices below the prevailing
net asset value per Share (as determined by
the Directors);
(v) the authority hereby conferred shall expire
on 5th October 2001 unless the authority is
renewed at the Company's Annual General
Meeting in 2001 or at any other general
meeting prior to such time; and
(vi) the Company may make a contract to
purchase Shares under the authority hereby conferred
prior to the expiry of such authority and may
make a purchase of Shares pursuant to any such
contract notwithstanding such expiry.
For further information please contact:
Jonathan Latter
Fleming Investment Trust Management Limited - 020 7638 5858
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