SCOTTISH MORTGAGE INVESTMENT TRUST
PLC
Legal
Entity Identifier: 213800G37DCS3Q9IJM38
Annual General Meeting, 4
July 2024
At the Annual General Meeting ('AGM') held on 4
July 2024 all resolutions were passed, including those detailed
below.
·
Shareholders approved an ordinary resolution granting the
Directors' general authority to issue shares up to an aggregate
nominal amount of £6,699,614 representing approximately 10% of the
total issued share capital (excluding treasury shares) of the
Company as at 20 May 2024. This authority will expire on 4 October
2025 or, if earlier, at the conclusion of the AGM of the Company to
be held in 2025 (unless previously varied, revoked or
renewed).
·
Shareholders approved a special resolution granting the
Company authority to allot equity securities or sell treasury
shares for cash on a non pre-emptive basis up to £6,699,614, being
approximately 10% of the issued share capital (excluding treasury
shares) of the Company as at 20 May 2024. The Directors do not
intend to use these powers to issue shares or sell treasury shares
at a discount to net asset value on the basis of debt valued at
fair value. This authority will expire on 4 October 2025 or, if
earlier, at the conclusion of the AGM to be held in 2025 (unless
previously varied, revoked or renewed).
·
Shareholders approved under Special Business an ordinary
resolution authorising the Directors for the purposes of LR15.4.11
of the Listing Rules of the UK Listing Authority of the Financial
Conduct Authority to issue shares or sell treasury shares (as
defined in section 724 of the Companies Act 2006) for cash at a
price below the net asset value per share of those shares without
first offering those shares pro rata to existing
Shareholders.
·
Shareholders approved a special resolution renewing the
Company's authority to make market purchases of up to 14.99% of the
Company's issued share capital (excluding treasury shares), being
198,259,006 ordinary shares of 5 pence. The Company's authority
permits it to hold shares bought back "in treasury". Such treasury
shares may subsequently be either sold for cash or cancelled. This
authority will expire at the conclusion of the AGM to be held in
2025 (unless previously varied, revoked or renewed).
·
Shareholders approved under Special Business an ordinary
resolution to increase the limit for Directors' fees to £500,000 in
aggregate per annum in accordance with Article 108 of the Company's
Articles of Association.
All resolutions were passed on a poll. A breakdown of the
votes registered is shown below :
Resolution
|
Votes for (including
votes at the discretion of the Chairman)
|
Votes
Against
|
Votes
Withheld
|
|
|
1
|
391,254,166
|
191,220
|
225,320
|
|
2
|
389,611,218
|
1,139,970
|
919,518
|
|
3
|
391,143,529
|
265,608
|
261,569
|
|
4
|
377,667,243
|
13,404,829
|
585,299
|
|
5
|
381,140,983
|
9,880,197
|
636,191
|
|
6
|
381,262,406
|
9,833,941
|
561,024
|
|
7
|
381,132,817
|
9,922,190
|
602,364
|
|
8
|
380,986,175
|
10,067,841
|
603,355
|
|
9
|
390,147,558
|
822,759
|
687,054
|
|
10
|
390,866,669
|
504,374
|
299,663
|
|
11
|
391,150,189
|
273,497
|
247,020
|
|
12
|
390,495,253
|
751,709
|
423,744
|
|
13
|
389,881,089
|
1,375,047
|
414,570
|
|
14
|
388,206,350
|
3,072,462
|
391,894
|
|
15
|
391,068,473
|
410,602
|
191,631
|
|
16
|
390,535,168
|
578,798
|
556,740
|
|
The full text of all the resolutions can be
found in the Notice of Annual General Meeting which is available
for viewing at the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Baillie Gifford & Co
Limited
Company Secretaries
5 July 2024
Regulated
Information Classification: Additional regulated
information required to be disclosed under applicable laws and
regulation.