RNS Number : 4760Y
Tatton Asset Management PLC
31 July 2024
 

30 July 2024

Tatton Asset Management plc

(the "Company")

 

Result of Annual General Meeting

("AGM")

 

Tatton Asset Management plc (AIM: TAM), the investment management and IFA support services group, announces that all of the resolutions set out in the Notice of AGM were passed by the requisite majority at the Company's AGM, held earlier today.

 

The number of proxy votes 'for' and 'against' each of the resolutions put before the AGM and the number of votes 'withheld' were as follows.

 


For

 

Against

Withheld



No. of votes

%

No. of votes

%

No. of votes

1

To receive and adopt the audited accounts

46,165,001

100%

-

0.00%

2,941

2

To approve the Directors' Remuneration Report

44,279,960

98.31%

760,482

1.69%

1,127,500

3

To re-appoint Roger Cornick

38,052,078

83.30%

7,628,360

16.70%

487,504

4

To re-appoint Paul Edwards

46,149,920

99.96%

18,022

0.04%

-

5

To re-appoint Paul Hogarth

46,167,935

100.00%

7

0.00%

-

6

To re-appoint Lothar Mentel

46,007,347

100.00%

7

0.00%

160,588

7

To re-appoint Christopher Poil

45,424,927

98,39%

743,015

1.61%

-

8

To re-appoint Lesley Watt

46,165,617

100.00%

-

0.00%

2,325

9

To re-appoint Deloitte as auditor

46,167,942

100.00%

-

0.00%

-

10

To approve a final dividend of 8p per ordinary share in respect of the year ended 31 March 2024

46,167,942

100.00%

-

0.00%

-

11

To authorise the Directors to allot relevant shares

44,946,459

97.35%

1,221,483

2.65%

-

12

To authorise the Company to make political donations and incur political expenditure

40,877,102

88.54%

5,290,840

11.46%

-

13

To authorise the capitalisation of £10,000, representing the nominal value of 50,000 ordinary shares issued for the Awards (as defined in the Notice of AGM) and to apply this sum in paying up the nominal value of the shares issued and allotted on exercise of the Awards

 

46,154,792

99.97%

13,150

0.03%

-

14

To authorise the Directors to allot equity securities for cash without making a pre-emptive offer to shareholders*

43,822,215

94.92%

2,345,727

5.08%

-

15

To authorise the Directors in addition to resolution 14 to allot equity securities for cash without making a pre-emptive offer to Shareholders*

45,022,320

97.52%

1,145,622

2.48%

-

16

To authorise the Company to make market purchases of its ordinary shares*

46,149,927

99.96%

18,015

0.04%

-

17

To ratify the Interim Dividends (as defined in the Notice of AGM) paid by the Company.

This special resolution authorises the appropriation of distributable profits to the payment of these Interim Dividends and the corresponding entries in the financial statements. Additionally, it authorises the Company to enter deeds of release for shareholders on the relevant record dates for each interim dividend payment and any of the directors and former directors of the Company in relation to such Interim Dividends.*

 

39,910,796

100.00%

-

0.00%

6,257,146

18

Authorise the appropriation of distributable profits (as per interim accounts dated 30 September 2021) for the payment of the Final Dividend (as defined in the Notice of AGM) in excess of the distributable reserves paid on 28 July 2021 by reference to the same record date as  the original accounting entries for such dividend and to authorise the Company to enter a deed of release for shareholders on the relevant record date for the Final Dividend, in relation to the Final Dividend.*

39,747,883

100.00%

-

0.00%

6,420,059

 

*Special resolution

 

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".

5.

The number of shares in issue on 30 July 2024 was 60,511,400 with no shares in treasury.

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 www.tattonassetmanagement.com

 

For further information please contact:

 

Tatton Asset Management PLC

Paul Hogarth (Chief Executive Officer)

Paul Edwards (Chief Financial Officer)

Lothar Mentel (Chief Investment Officer)

 

 

 

 

+44 (0) 161 486 3441

Zeus - Nomad and Broker

Martin Green

Dan Bate

 

 

 

+44 (0) 20 3829 5000

Singer Capital Markets- Joint Broker

Peter Steel, Rachel Hayes (Investment Banking)              

 

 

+44 (0) 20 7496 3061

+44 (0) 20 7496 3189

Belvedere Communications - Financial PR

John West / Llew Angus (media)

Cat Valentine / Keeley Clarke (investors)

 

 

+44 (0) 7407 023147

+44 (0) 7715 769078

tattonpr@belvederepr.com

 

Trade Media Enquiries

Roddi Vaughan Thomas

+44 (0) 20 7139 1452

 

 

For more information, please visit: www.tattonassetmanagement.com

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