Manchester & London Investment Trust : Result of AGM
January 14, 2020 at 09:36 am
Share
MANCHESTER AND LONDON INVESTMENT TRUST PLC
(the “Company”)
Results of Annual General Meeting
14 January 2020
The Company announces that at the Annual General Meeting (“AGM”) of the Company held today Resolutions 1-3, 5 and 7-13 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.
Results of the polls on Resolutions 4 and 6 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)
18,656,205
98.63%
259,312
1.37%
6,517
4. To re-elect David Harris as a Director (all shareholders)
18,657,205
98.63%
259,312
1.37%
6,517
6. To re-elect Daniel Wright as a Director (independent shareholders)
18,868,197
99.76%
46,336
0.24%
7,501
6. To re-elect Daniel Wright as a Director (all shareholders)
18,869,197
99.76%
46,336
0.24%
7,501
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
18,900,320
596
0
0
2. To approve the Directors’ Remuneration Report
18,892,436
6,490
0
1,990
3. To declare a final ordinary dividend of 8.0p per Ordinary Share
18,900,320
596
0
0
5. To re-elect Brett Miller as a Director
18,847,686
51,556
0
1,674
7. To re-appoint Deloitte LLP as Auditor of the Company
18,890,527
10,389
0
0
8. To authorise the Directors to determine the Auditor’s Remuneration
18,888,637
12,279
0
0
9. To authorise the Directors to allot Ordinary Shares
18,897,291
3,625
0
0
10. To disapply statutory pre-emption rights in relation to the issue of Ordinary Shares
18,659,602
241,314
0
0
11. To authorise the Directors to sell, transfer and allot Ordinary Shares from Treasury at a discount to the net asset value
18,634,029
266,887
0
0
12. To authorise the Company to make market purchases of Ordinary Shares
18,659,181
241,735
0
0
13. To authorise the Company to hold general meetings on 14 clear days’ notice
18,871,463
29,453
0
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.