Manchester & London Investment Trust : Result of AGM
January 15, 2019 at 10:34 pm IST
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MANCHESTER AND LONDON INVESTMENT TRUST PLC
(the “Company”)
Results of Annual General Meeting
15 January 2019
The Company announces that at the Annual General Meeting (“AGM”) of the Company held today Resolutions 1-3, 5, 7-10 and 12-13 contained in the Notice of AGM were duly passed on a show of hands. Resolutions 4 and 6 contained in the Notice of AGM were duly passed on a poll; a poll was also called on Resolution 11, which was passed as detailed below.
Results of the polls on Resolutions 4, 6 and 11 were as follows:
Resolution (No. as noted on proxy form)
Votes for
Votes against
Votes withheld
Votes
% votes cast
Votes
% votes cast
4. To re-elect David Harris as a Director (independent shareholders)
167,508
96.24
6,541
3.76
3,283
4. To re-elect David Harris as a Director (all shareholders)
12,238,818
99.95
6,541
0.05
3,283
6. To elect Daniel Wright as a Director (independent shareholders)
167,698
96.35
6,351
3.65
3,283
6. To elect Daniel Wright as a Director (all shareholders)
12,239,008
99.95
6,351
0.05
3,283
11. To authorise the Directors to sell, transfer and allot Ordinary Shares from Treasury at a discount to the net asset value
12,217,445
99.82
22,525
0.18
3,672
The proxy votes received in relation to the resolutions passed on a show of hands were as follows:
Resolution (No. as noted on proxy form)
Votes for
Votes Against
Votes at Chairman’s Discretion
Shares Marked As Votes Withheld / Abstentions
1. To receive and accept the Annual Report
72,384
0
51,440
1,672
2. To approve the Directors’ Remuneration Report
60,142
8,597
51,440
5,317
3. To declare a final ordinary dividend of 8.0p per Ordinary Share
74,056
0
51,440
0
5. To re-elect Brett Miller as a Director
63,701
6,400
51,440
3,955
7. To re-appoint Deloitte LLP as Auditor of the Company
65,885
6,952
51,659
1,000
8. To authorise the Directors to determine the Auditor’s Remuneration
70,726
280
53,818
672
9. To authorise the Directors to allot Ordinary Shares
58,174
5,577
58,745
3,000
10. To disapply statutory pre-emption rights in relation to the issue of Ordinary Shares
53,067
12,512
56,245
3,672
12. To authorise the Company to make market purchases of Ordinary Shares
65,260
1,000
56,202
3,034
13. To authorise the Company to hold general meetings on 14 clear days’ notice
67,323
1,928
56,245
0
In accordance with Listing Rule 9.6.2, copies of all resolutions passed as Special Business at the Meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.
Manchester and London Investment Trust plc is a United Kingdom-based investment trust company. The investment objective of the Company is to achieve capital appreciation. The Companyâs investment objective is sought to be achieved through a policy of actively investing in a diversified portfolio, comprising any global equities and/or fixed interest securities and/or derivatives. The Company may invest in derivatives, money market instruments, currency instruments, contracts for differences (CFDs), futures, forwards and options for the purposes of holding investments and hedging positions against movements. It seeks investment exposure to companies whose shares are listed, quoted or admitted to trading. It invests in various sectors, including information technology, communication services, consumer discretionary, fund, health care, financials, industrials and ETF. The Company's investment manager and alternative investment fund manager is M&L Capital Management Limited.