Manchester & London Investment Trust Plc - Result of AGM
November 06 2024 - 8:08AM
UK Regulatory
Manchester & London Investment Trust
Plc - Result of AGM
PR Newswire
LONDON, United Kingdom, November 06
6 November 2024
MANCHESTER AND
LONDON INVESTMENT
TRUST
PLC
(the
"Company")
Results
of
Annual
General
Meeting
The
Company announces that, at the Annual General Meeting ("AGM") of
the Company held today, all resolutions contained in the Notice of
AGM were duly passed on a poll.
M&M
Investment Company Ltd, the controlling shareholder of the Company
undertook not to vote on the resolutions dealing
with
the
re-election
of
the
independent
Directors
and Mr Brett Miller.
The
proxy
votes
below
therefore reflect the votes submitted by independent shareholders
as indicated.
The
proxy
votes
received
in
relation
to
the
resolutions
passed
were
as
follows:
|
Resolution
|
For
(No. of shares)
|
For
(%)
|
Against (No. of shares)
|
Against
(%)
|
Votes Withheld (No. of shares)
|
Total Votes
|
% of ISC Voted
|
|
1.
To
receive
and
accept
the
Annual
Report
|
26,724,508
|
99.99
|
3,734
|
0.01
|
1,154
|
26,729,396
|
66.66
|
|
2.
To
approve
the
Directors'
Remuneration Report
|
26,715,872
|
99.96
|
9,839
|
0.04
|
3,685
|
26,729,396
|
66.66
|
|
3.
To
approve
the
Directors'
Remuneration Policy
|
26,712,531
|
99.95
|
13,180
|
0.05
|
3,685
|
26,729,396
|
66.66
|
|
4.To
declare
a
final
ordinary
dividend
of 7.0p per Ordinary Share
|
26,726,023
|
99.99
|
3,219
|
0.01
|
154
|
26,729,396
|
66.66
|
|
5.
To
re-elect Daniel Wright as a Director (independent
shareholders)
|
2,892,607
|
86.18
|
463,768
|
13.82
|
23,373,021
|
26,729,396
|
66.66
|
|
6.
To
re-elect
Brett
Miller
as
a
Director (independent shareholders)
|
3,267,413
|
97.35
|
88,962
|
2.65
|
23,373,021
|
26,729,396
|
66.66
|
|
7.
To
re-elect Daren Morris as a Director (independent
shareholders)
|
3,267,413
|
97.35
|
88,962
|
2.65
|
23,373,021
|
26,729,396
|
66.66
|
|
8.
To
re-elect James Waterlow as a Director (independent
shareholders)
|
3,267,413
|
97.35
|
88,962
|
2.65
|
23,373,021
|
26,729,396
|
66.66
|
|
9.
To
re-appoint
Deloitte
LLP
as Auditor
of the Company
|
26,713,196
|
99.95
|
13,931
|
0.05
|
2,269
|
26,729,396
|
66.66
|
|
10.
To
authorise
the
Directors
to
determine the Auditor's
Remuneration
|
26,724,393
|
99.99
|
3,734
|
0.01
|
1,269
|
26,729,396
|
66.66
|
|
11.
To
authorise
the
Directors
to
offer holders
the
right
to
elect
to
receive
optional scrip dividends
|
26,778,528
|
99.99
|
3,734
|
0.01
|
3,084
|
26,785,346
|
66.80
|
|
12.
To
authorise
the
Directors
to
allot
Ordinary Shares
|
26,776,803
|
99.98
|
6,574
|
0.02
|
1,969
|
26,785,346
|
66.80
|
|
13.
To
disapply
statutory
pre-emption
rights in relation to the issue of Ordinary
Shares*
|
26,710,526
|
99.93
|
18,716
|
0.07
|
154
|
26,729,396
|
66.66
|
|
14.
To
authorise the Directors to sell, transfer and allot Ordinary Shares
from Treasury
at
a
discount
to
the
net asset
value*
|
26,695,203
|
99.87
|
34,039
|
0.13
|
154
|
26,729,396
|
66.66
|
|
15.
To
authorise
the
Company
to
make
market
purchases
of
Ordinary
Shares*
|
26,459,243
|
98.99
|
269,999
|
1.01
|
154
|
26,729,396
|
66.66
|
|
16.
To
authorise the Company to hold general
meetings
on
14
clear
days' notice*
|
26,707,181
|
99.92
|
22,061
|
0.08
|
154
|
26,729,396
|
66.66
|
*special
resolutions
|
NOTES:
|
|
1.
|
All
resolutions were passed.
|
|
2.
|
Proxy
appointments which gave discretion to the Chairman of the AGM have
been included in the "For" total for the appropriate
resolution.
|
|
3.
|
Votes "For" and "Against" any resolution are expressed as a
percentage of votes validly cast for that resolution.
|
|
4.
|
A "Vote
withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against"
any resolution.
|
|
5.
|
The number
of shares in issue on 4 November 2024 was 40,528,238 ordinary
shares (including 431,220 shares in treasury). The number of
Ordinary Shares in circulation (excluding treasury shares),
carrying one vote each, is 40,097,018.
|
|
6.
|
The full
text of the resolutions passed at the AGM can be found in the
Notice of Annual General Meeting which is available on the
Company's website at
https://mlcapman.com/manchester-london-investment-trust-plc/.
|
|
7.
|
In
accordance with Listing Rule 6.4.2, a copy of resolutions 11 to 16
passed at the AGM will shortly be submitted to the National Storage
Mechanism and will be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
|
LEI:
213800HMBZXULR2EEO10
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