WITAN INVESTMENT TRUST PLC
29 APRIL 2020
Annual General Meeting Held On Wednesday 29 APRIL 2020
Witan Investment Trust plc (the 'Company') hereby gives notification that, at the Annual General Meeting of the Company held on Wednesday 29 April 2020, all the resolutions, as set out in full in the notice of meeting dated 27 March 2020, were duly passed. The resolutions in respect of special business were duly passed as follows:
1. That the dividend policy of the Company as set out in the Annual Report for the year ended 31 December 2019 be approved.
2. That the limit on directors' fees set out in Article 96(1) of the Company's Articles of Association be amended as provided for in the terms of said Article 96(1) from £350,000 to £450,000.
3. That the directors be authorised to allot relevant securities.
4. That the directors be authorised to disapply pre-emption rights on the allotment or sale from treasury of equity securities up to a nominal amount of £4,315,009.
5. That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 129,363,989 ordinary shares, being 14.99% of the ordinary shares of 5 pence each in issue.
6. That the Company be authorised to make market purchases of its own preference shares up to a maximum of 2,055,000 of the 3.4% cumulative preferences shares and 500,000 of the 2.7% cumulative preference shares (being 100% of the preference shares).
7. That any general meeting of the Company (other than the Annual General Meeting) may be called on not less than 14 clear days' notice.
A copy of the full text of the resolutions in respect of special business passed at the Annual General Meeting will be lodged with the National Storage Mechanism and will be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
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Resol-ution
|
Description |
Votes for |
Votes Against |
Votes at proxies' discretion |
Votes withheld |
Total votes cast (excluding votes withheld) |
| 1 |
To receive the Annual Report for the year ended 31 December 2019
|
210,966,318
|
111,657
|
737,020
|
265,229
|
211,814,995
|
| 2 |
To receive and approve the Directors' Remuneration Report for the year ended 31 December 2019
|
202,489,730
|
7,914,862
|
733,035
|
942,597
|
211,137,627
|
| 3 |
To elect Mrs G M Boyle as a director of the Company
|
210,224,256
|
406,320
|
733,035
|
716,614
|
211,363,611
|
| 4 |
To elect Mr A J S Ross as a director of the Company
|
204,670,467
|
5,958,330
|
733,035
|
718,392
|
211,361,832
|
| 5 |
To re-elect Mr A L C Bell as a director of the Company
|
208,115,530
|
2,515,546
|
733,035
|
716,114
|
211,364,111
|
| 6 |
To re-elect Mr J S Perry as a director of the Company
|
209,948,316
|
688,655
|
733,035
|
710,218
|
211,370,006
|
| 7 |
To re-elect Mr A Watson as a director of the Company
|
165,932,904
|
44,746,563
|
733,035
|
667,723
|
211,412,502
|
| 8 |
To re-appoint Grant Thornton UK LLP as Statutory Auditor to the Company
|
210,153,385
|
538,564
|
753,720
|
588,281
|
211,445,669
|
| 9 |
To authorise the Audit Committee to determine the remuneration of the Statutory Auditor
|
210,085,948
|
241,092
|
1,224,620
|
528,565
|
211,551,660
|
| SPECIAL BUSINESS (*Special Resolutions) |
|
|
|
|
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| 10 |
To approve the dividend policy of the Company
|
210,972,834
|
39,943
|
741,535
|
325,913
|
211,754,312
|
| 11 |
That the limit on Directors' fees in the Articles of Association be amended to £450,000.
|
206,878,924
|
2,080,435
|
748,635
|
2,263,500
|
209,707,994
|
| 12 |
To authorise the directors to allot relevant securities
|
209,997,365
|
708,552
|
744,485
|
629,823
|
211,450,402
|
| 13 |
*To authorise the directors to allot equity securities for cash and to sell shares held by the Company as treasury shares on a non pre-emptive basis
|
209,182,760
|
1,014,211
|
1,206,885
|
676,369
|
211,403,856
|
| 14 |
*To authorise the Company to make market purchases of its own ordinary shares
|
210,133,515
|
606,644
|
741,535
|
598,531
|
211,481,694
|
| 15 |
*To authorise the Company to make market purchases of its own preference shares
|
210,292,067
|
415,592
|
741,535
|
607,266
|
211,449,194
|
| 16 |
*That any general meeting of the Company other than the Annual General Meeting may be called on not less than 14 clear days' notice
|
205,464,426
|
5,350,338
|
741,535
|
523,926
|
211,556,299
|
The number of ordinary shares of 5p each in issue as at 6.30 pm on Monday 27 April 2020, the closing date for the receipt of proxies, was 863,008,266 (excluding 137,346,734 shares held in treasury). Each share has one vote. A vote withheld is not counted towards the votes "For" or "Against" a resolution.
- ENDS -
For further information please contact:
Andrew Bell
Chief Executive Officer
Witan Investment Trust plc
Telephone: 020 7227 9770