Manchester & London Investment Trust Plc Result of AGM
01 Novembre 2023 - 2:41PM
UK Regulatory
TIDMMNL
MANCHESTER AND LONDON INVESTMENT TRUST PLC
(the "Company")
Results of Annual General Meeting
1 November 2023
The Company announces that, at the Annual General Meeting ("AGM") of the Company
held today, Resolutions 1 to 15 contained in the Notice of AGM were duly passed
on a poll.
M&M Investment Company, the controlling shareholder of the Company undertook not
to vote on the resolutions dealing with the re-election and 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. |For |Against |Against|Votes Withheld |Total |%
of |
| |of shares)| |(No. of |(%) |(No. of shares)|Votes |ISC
|
| | |(%) |shares) | | |
|Voted|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|1. To receive|27,102,988|99.99|2,532 |0.01 |474,324 |27,579,844|69
|
|and accept | | | | | | |
|
|the Annual | | | | | | |
|
|Report | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|2. To approve|25,875,799|95.47|1,227,943|4.53 |476,102 |27,579,844|69
|
|the | | | | | | |
|
|Directors' | | | | | | |
|
|Remuneration | | | | | | |
|
|Report | | | | | | |
|
|(including | | | | | | |
|
|the | | | | | | |
|
|Directors' | | | | | | |
|
|Remuneration | | | | | | |
|
|Policy) | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|3.To declare |27,102,988|99.99|2,532 |0.01 |474,324 |27,579,844|69
|
|a final | | | | | | |
|
|ordinary | | | | | | |
|
|dividend of | | | | | | |
|
|7.0p per | | | | | | |
|
|Ordinary | | | | | | |
|
|Share | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|4. To re |3,524,143 |89.96|393,208 |10.04 |23,183,838 |27,101,189|67
|
|-elect Daniel| | | | | | |
|
|Wright as a | | | | | | |
|
|Director | | | | | | |
|
|(independent | | | | | | |
|
|shareholders)| | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|5. To re |3,840,458 |98.01|78,019 |1.99 |23,182,712 |27,101,189|67
|
|-elect Brett | | | | | | |
|
|Miller as a | | | | | | |
|
|Director | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|6. To re |3,840,458 |98.04|76,893 |1.96 |23,183,838 |27,101,189|67
|
|-elect Daren | | | | | | |
|
|Morris as a | | | | | | |
|
|Director | | | | | | |
|
|(independent | | | | | | |
|
|shareholders)| | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|7. To re |3,837,858 |97.97|79,493 |2.03 |23,183,838 |27,101,189|67
|
|-elect James | | | | | | |
|
|Waterlow as a| | | | | | |
|
|Director | | | | | | |
|
|(independent | | | | | | |
|
|shareholders)| | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|8. To re |27,098,554|99.96|10,707 |0.04 |470,583 |27,579,844|69
|
|-appoint | | | | | | |
|
|Deloitte LLP | | | | | | |
|
|as Auditor of| | | | | | |
|
|the Company | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|9. To |27,100,828|99.99|2,912 |0.01 |476,104 |27,579,844|69
|
|authorise the| | | | | | |
|
|Directors to | | | | | | |
|
|determine the| | | | | | |
|
|Auditor's | | | | | | |
|
|Remuneration | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|10. To |27,097,203|99.95|12,812 |0.05 |469,829 |27,579,844|69
|
|authorise the| | | | | | |
|
|Directors to | | | | | | |
|
|offer holders| | | | | | |
|
|the right to | | | | | | |
|
|elect to | | | | | | |
|
|receive newly| | | | | | |
|
|issued | | | | | | |
|
|Ordinary | | | | | | |
|
|Shares | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|11. To |27,097,723|99.95|12,292 |0.05 |469,829 |27,579,844|69
|
|authorise the| | | | | | |
|
|Directors to | | | | | | |
|
|allot | | | | | | |
|
|Ordinary | | | | | | |
|
|Shares | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|12. To |27,070,878|99.87|34,642 |0.13 |474,324 |27,579,844|69
|
|disapply | | | | | | |
|
|statutory pre| | | | | | |
|
|-emption | | | | | | |
|
|rights in | | | | | | |
|
|relation to | | | | | | |
|
|the issue of | | | | | | |
|
|Ordinary | | | | | | |
|
|Shares | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|13. To |27,063,189|99.84|42,331 |0.16 |474,324 |27,579,844|69
|
|authorise the| | | | | | |
|
|Directors to | | | | | | |
|
|sell, | | | | | | |
|
|transfer and | | | | | | |
|
|allot | | | | | | |
|
|Ordinary | | | | | | |
|
|Shares from | | | | | | |
|
|Treasury at a| | | | | | |
|
|discount to | | | | | | |
|
|the net asset| | | | | | |
|
|value | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|14. To |26,818,342|98.92|291,673 |1.08 |469,829 |27,579,844|69
|
|authorise the| | | | | | |
|
|Company to | | | | | | |
|
| | | | | | | |
|
|make market | | | | | | |
|
|purchases of | | | | | | |
|
|Ordinary | | | | | | |
|
|Shares | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
|15. To |27,077,728|99.88|32,287 |0.12 |469,829 |27,579,844|69
|
|authorise the| | | | | | |
|
|Company to | | | | | | |
|
|hold general | | | | | | |
|
|meetings on | | | | | | |
|
|14 clear | | | | | | |
|
|days' notice | | | | | | |
|
+-------------+----------+-----+---------+-------+---------------+----------+---
--+
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 30 October 2023 was 40,193,018
ordinary shares, carrying one vote each. At that time, the Company
held 335,220 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.mlcapman.com.
7. In accordance with listing rule 9.6.2R, a copy of resolutions 11 to 15
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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