To:
RNS
Date:
2 October 2024
Company: CT Global Managed
Portfolio Trust PLC
LEI:
213800ZA6TW45NM9YY31
Subject: Result of Annual General
Meeting
CT Global Managed Portfolio Trust
PLC (the "Company") announces that, at the Annual General
Meeting held on 2 October 2024, a poll was held on each of the
resolutions and all 14 resolutions proposed were duly passed,
including those detailed below:
·
An ordinary resolution authorising the Directors'
to allot new Income shares up to an aggregate nominal amount of
£627,918.96 (which equates to 10,361,600 Income shares) and new
Growth shares up to an aggregate nominal amount of £427,779.49
(which equates to 7,059,000 Growth shares), being approximately 20%
of the Company's total issued Income shares and approximately 20%
of the Company's total issued Growth shares respectively (excluding
shares held in treasury) as at 26 July 2024. This authority will
expire at the conclusion of the Company's next Annual General
Meeting to be held after the passing of this resolution or on the
expiry of 15 months from the passing of this resolution, whichever
is earlier, unless previously revoked, varied or extended by the
Company in general meeting.
·
A special resolution authorising the Directors' to
allot new Income shares, or resell Income shares held in treasury,
up to an aggregate nominal amount of £313,959.48 (which equates to
5,180,800 Income shares) and allot new Growth shares or resell
Growth shares held in treasury, up to an aggregate nominal amount
of £213,889.74 (which equates to 3,529,500 Growth shares) being
approximately 10% of the Company's total issued Income shares and
approximately 10% of the Company's total issued Growth shares
respectively (excluding shares held in treasury) as at 26 July 2024
for cash without first offering such shares to existing
shareholders pro rata to their existing holdings. This authority
will expire at the conclusion of the Company's next Annual General
Meeting to be held after the passing of this resolution or on the
expiry of 15 months from the passing of this resolution, whichever
is earlier unless previously varied, revoked or renewed by the
Company in general meeting.
·
A special resolution providing the Directors' with
additional authority to allot further new Income shares or resell
Income shares held in treasury up to an aggregate nominal amount of
£313,959.48 (which equates to 5,180,800 Income shares) and allot
further new Growth shares or resell Growth shares held in treasury,
up to an aggregate nominal amount of £213,889.74 (which equates to
3,529,500 Growth shares) being approximately 10% of the Company's
total issued Income shares and approximately 10% of the Company's
total issued Growth shares respectively (excluding shares held in
treasury) as at 26 July 2024 for cash without first offering such
shares to existing shareholders pro rata to their existing
holdings. This authority will expire at the conclusion of the
Company's next Annual General Meeting to be held after the passing
of this resolution or on the expiry of 15 months from the passing
of this resolution, whichever is earlier unless previously varied,
revoked or renewed by the Company in general meeting.
· A special resolution renewing the Directors' authority to make
market purchases of up to 7,766,000 Income shares and 5,283,600
Growth shares being approximately 14.99% of the issued Income
shares and 14.99% of the issued Growth shares (excluding Income
shares and Growth shares held in treasury) immediately prior to the
passing of this resolution. This authority will expire at the
conclusion of the Company's next Annual General Meeting or on 2
January 2026, whichever is the earlier, unless previously varied,
revoked or renewed by the Company in general meeting.
·
A special resolution to approve the proposed
Purchase Contract to enable the Company to make off-market
purchases of its own deferred shares.
The
results of the poll were as follows:
|
|
|
For
|
Against
|
Withheld
|
Total
Votes (excluding Votes Withheld)
|
|
|
Resolution
|
No of
Votes
|
% of
Votes Cast
|
No of
Votes
|
% of
Votes Cast
|
No of Votes
|
|
|
1
|
Receive & adopt the audited
financial statements for the year ended 31 May 2024
|
38,695,835
|
99.67%
|
127,705
|
0.33%
|
2,893,044
|
38,823,540
|
|
2
|
Receive, adopt & approve
Directors' Remuneration Report for the year ended 31 May
2024
|
36,486,928
|
95.08%
|
1,889,357
|
4.92%
|
3,340,299
|
38,376,285
|
|
3
|
To re-elect Shauna L. Bevan as a
Director
|
36,809,671
|
97.08%
|
1,106,260
|
2.92%
|
3,800,653
|
37,915,931
|
|
4
|
To re-elect Sue P. Inglis as a
Director
|
36,991,832
|
97.22%
|
1,059,061
|
2.78%
|
3,665,691
|
38,050,893
|
|
5
|
To re-elect Simon M. Longfellow as a
Director
|
37,413,542
|
97.52%
|
949,653
|
2.48%
|
3,353,389
|
38,363,195
|
|
6
|
To re-elect David Warnock as a
Director
|
37,706,076
|
97.95%
|
790,994
|
2.05%
|
3,219,515
|
38,497,070
|
|
7
|
To re-appoint BDO LLP as
Auditor
|
37,767,347
|
97.30%
|
1,049,519
|
2.70%
|
2,899,718
|
38,816,866
|
|
8
|
To authorise the Directors to
determine remuneration of the Auditor
|
38,685,631
|
98.80%
|
471,319
|
1.20%
|
2,559,634
|
39,156,950
|
|
9
|
Approval of the Company's dividend
policy
|
39,523,909
|
99.63%
|
145,707
|
0.37%
|
2,046,968
|
39,669,616
|
|
10
|
Authorise the Directors to allot
shares
|
38,525,277
|
98.54%
|
569,543
|
1.46%
|
2,621,764
|
39,094,820
|
|
11
|
Power to allot shares and sell
treasury shares without pre-emption rights
|
36,335,557
|
95.80%
|
1,593,908
|
4.20%
|
3,787,120
|
37,929,465
|
|
12
|
Additional power to allot shares and
sell treasury shares without pre-emption rights
|
33,399,174
|
88.31%
|
4,421,783
|
11.69%
|
3,895,627
|
37,820,957
|
|
13
|
Authority to buy back own
shares
|
39,035,398
|
99.11%
|
350,294
|
0.89%
|
2,330,892
|
39,385,692
|
|
14
|
Approval of proposed Purchase
Contract
|
36,712,886
|
98.75%
|
465,268
|
1.25%
|
4,538,431
|
37,178,154
|
The full text of all the resolutions
can be found in the Notice of Annual General Meeting set out in the
Annual Report and Financial Statements for the year ended 31 May
2024 which is available for viewing at the FCA's National Storage
Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
and on the Company's website
www.ctglobalmanagedportfolio.co.uk
A copy of the poll results will also
be available on the Company's website.
Under the Articles of Association,
at a general meeting on a poll, each Income shareholder and each
Growth shareholder is entitled to a weighted vote determined in
accordance with the underlying NAV of the relevant share class. The
related share voting numbers for this meeting were 1.18 and 2.68
for the Income shares and Growth shares respectively.
At the time for the meeting the
Company's issued share capital consisted of 51,808,251 Income
shares and 35,247,608 Growth shares with voting rights. Based on
the share voting numbers determined for this meeting, the total
voting rights applicable to the poll on the above resolutions were
155,597,325.
For further information please
contact:
Columbia Threadneedle Investment
Business Limited
Company Secretary
Telephone: 0131 573 8316