Mid
Wynd International Investment Trust plc
(`the Company')
Legal
Entity Identifier:
549300D32517C2M3A561
Result of Annual General Meeting
Following the Annual General Meeting ('AGM') of the Company, held
on 26 October 2023, the Board is
pleased to announce that all ordinary and special resolutions were
duly passed.
A copy of the Company's Annual Report & Accounts for the year
ended 30 June 2023, which contains
the full text of the resolutions in the Notice of Annual General
Meeting is available for viewing at the National Storage
Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism and
on the Company's website at
www.midwynd.com.
Valid proxy votes received were as follows:
|
Resolution
|
Total votes for/discretion
|
%
|
Total votes against
|
%
|
Total votes (exc. votes withheld)
|
Total votes withheld
|
|
Ordinary Resolutions
|
|
|
|
|
|
|
1
|
To receive and adopt the Annual Financial Report of the Company for
the financial year ended 30 June 2023 together with the Report of
the Directors.
|
12,143,458
|
99.97
|
3,110
|
0.03
|
12,146,568
|
6,071
|
2
|
To approve the Directors' Remuneration Policy.
|
11,979,324
|
99.00
|
121,061
|
1.00
|
12,100,385
|
52,254
|
3
|
To approve the Director's Remuneration Report for the year ended 30
June 2023.
|
12,009,491
|
99.21
|
95,334
|
0.79
|
12,104,825
|
47,814
|
4
|
To approve a final dividend of 3.95 pence per ordinary share for
the year ended 30 June 2023.
|
12,144,877
|
99.97
|
3,110
|
0.03
|
12,147,987
|
4,652
|
5*
|
To
re-elect Russell Napier as a Director of the Company.
|
9,681,641
|
79.93
|
2,431,565
|
20.07
|
12,113,206
|
39,433
|
6
|
To
re-elect Diana Dyer Bartlett as a Director of the
Company.
|
11,773,026
|
97.16
|
344,026
|
2.84
|
12,117,052
|
35,587
|
7
|
To re-elect David Kidd as a Director of the Company.
|
11,772,490
|
97.16
|
343,970
|
2.84
|
12,116,460
|
36,179
|
8
|
To re-elect Alan Scott as a Director of the Company.
|
10,589,643
|
87.41
|
1,525,474
|
12.59
|
12,115,117
|
37,522
|
9
|
To elect Hamish Baillie as a Director of the Company.
|
12,113,834
|
99.93
|
8,262
|
0.07
|
12,122,096
|
30,543
|
10
|
To re-appoint Johnston Carmichael LLP as Independent Auditors of
the Company.
|
12,128,680
|
99.93
|
9,055
|
0.07
|
12,137,735
|
14,904
|
11
|
To authorise the Directors to determine the remuneration of the
Independent Auditor.
|
12,133,841
|
99.96
|
4,673
|
0.04
|
12,138,514
|
14,125
|
12
|
To authorise the Directors to allot ordinary shares pursuant to
section 551 of the Companies Act 2006.
|
12,101,608
|
99.76
|
29,615
|
0.24
|
12,131,223
|
21,416
|
|
Special Resolutions
|
|
|
|
|
|
|
13
|
To authorise the Directors to make market purchases of up to 14.99
per cent of the Company's issued share capital.
|
11,137,595
|
91.71
|
1,007,184
|
8.29
|
12,144,779
|
7,860
|
14
|
To authorise the Directors to disapply statutory pre-emption rights
when allotting ordinary shares.
|
12,001,546
|
98.88
|
136,096
|
1.12
|
12,137,642
|
14,997
|
15
|
To authorise the calling of a general meeting at 14 clear days'
notice.
|
12,019,058
|
99.00
|
121,904
|
1.00
|
12,140,962
|
11,677
|
*Resolution 5, the re-election of the Chairman of the Board
received less than 80% of the votes cast in favour. As disclosed
within the Company's Annual Report & Accounts for the year
ended 30 June 2023, Mr Napier has
signalled his intention to step down from the Board of the Company
at the 2024 AGM. The Board does, however, intend to consult with
shareholders to discuss any specific concerns that have influenced
their voting and a statement detailing the outcome of this
consultation, including views received from shareholders and any
actions taken as a result, will be published by the Company no
later than 26 April 2024 in
accordance with the AIC Code of Corporate Governance.
As at the record date of 24 October
2023, the Company's issued ordinary share capital comprised
of 66,381,114 ordinary shares of which 10,071,798 ordinary shares
were held in Treasury. Therefore, the total number of ordinary
shares with voting rights in the Company was 56,309,316.
In accordance with Listing Rule 9.6.2, copies of the special
business resolutions passed at the AGM will be submitted to the
National Storage Mechanism and will shortly be available for
inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
All enquiries to:
Juniper Partners Limited, Company Secretary
0131 378 0500
26 October 2023