Perpetual Inc&Growth Result of AGM
21 Luglio 2020 - 3:18PM
UK Regulatory
TIDMPLI
Perpetual Income and Growth Investment Trust plc
LEI: 549300UIWJ7E60WUQZ16
Result of AGM
Result of the Annual General Meeting of Perpetual Income and Growth Investment
Trust plc held on 21 July 2020:
All of the Annual General Meeting resolutions were decided by poll and were
passed.
The results of the poll were as follows:
Resolution Votes For Votes Against Votes Withheld
(including votes
at
the discretion of % %
the Chairman)
Ordinary resolutions:
1. 91,947,676 99.98 16,497 0.02 19,138
2. 90,217,768 98.17 1,679,882 1.83 85,661
3. 90,157,055 98.13 1,719,870 1.87 106,385
4. 90,195,379 98.14 1,707,123 1.86 80,809
5. 90,185,148 98.14 1,711,017 1.86 87,146
6. 89,097,581 96.95 2,798,584 3.05 87,146
7. 74,535,067 81.10 17,365,143 18.90 83,101
8. 91,919,602 99.98 19,353 0.02 44,356
9. 91,466,129 99.55 417,773 0.45 99,409
10. 91,714,602 99.79 188,932 0.21 79,777
11. 91,819,290 99.87 115,066 0.13 48,955
12. 91,731,250 99.86 132,978 0.14 119,083
Special resolutions:
13. 91,593,375 99.71 268,349 0.29 121,587
14. 91,893,056 99.96 33,616 0.04 56,639
15. 90,668,525 98.64 1,248,102 1.36 66,684
Total Voting Rights were 213,853,331.
.
The full text of the resolutions passed is as follows:
Ordinary Resolutions:
The following Ordinary Resolutions were passed at the Annual General Meeting
held on 21 July 2020:
1. To receive the Annual Financial Report for the year ended 31 March
2020.
2. To re-elect Mike Balfour as a Director of the Company.
3. To re-elect Victoria Cochrane as a Director of the Company.
4. To re-elect Georgina Field as a Director of the Company.
5. To re-elect Alan Giles as a Director of the Company.
6. To re-elect Richard Laing as a Director of the Company.
7. To re-elect Bob Yerbury as a Director of the Company.
8. To approve the Company's dividend payment policy as set out on pages
11and 12 of the annual financial report.
9. To approve the Annual Statement and Report on Remuneration for the
year ended 31 March 2020.
10. To re-appoint Ernst & Young LLP as auditor.
11. To authorise the Audit Committee to determine the auditor's
remuneration.
12. THAT:
the Directors be generally and unconditionally authorised in accordance with
Section 551 of the Companies Act 2006 as amended from time to time prior to the
date of the passing of this resolution (the 'Act') to exercise all powers of
the Company to allot relevant securities (as defined in that section) up to an
aggregate nominal amount (within the meaning of Sections 551(3) and (6) of the
Act) of GBP2,147,978, this being 10% of the Company's issued ordinary share
capital excluding shares held in treasury as at 31 May 2020, such authority to
expire at the conclusion of the next AGM of the Company or the date fifteen
months after the passing of this resolution, whichever is the earlier, but so
that this authority shall allow the Company to make offers or agreements before
the expiry of this authority which would or might require relevant securities
to be allotted after such expiry as if the authority conferred by this
resolution had not expired.
Special Resolutions:
13. THAT:
the Directors be and they are hereby empowered, in accordance with Sections 570
and 573 of the Companies Act 2006 as amended from time to time prior to the
date of the passing of this resolution (the 'Act') to allot equity securities
for cash, either pursuant to the authority given by resolution 12 set out above
or (if such allotment constitutes the sale of relevant shares which,
immediately before the sale, were held by the Company as treasury shares)
otherwise, as if Section 561 of the Act did not apply to any such allotment,
provided that this power shall be limited:
(a) to the allotment of equity securities in connection with a rights
issue in favour of all holders of a class of equity securities where the equity
securities attributable respectively to the interests of all holders of
securities of such class are either proportionate (as nearly as may be) to the
respective numbers of relevant equity securities held by them or are otherwise
allotted in accordance with the rights attaching to such equity securities
(subject in either case to such exclusions or other arrangements as the
Directors may deem necessary or expedient in relation to fractional
entitlements or legal or practical problems under the laws of, or the
requirements of, any regulatory body or any stock exchange in any territory or
otherwise); and
(b) to the allotment (otherwise than pursuant to a rights issue) of equity
securities up to an aggregate nominal amount of GBP2,147,978, this being 10% of
the Company's issued ordinary share capital excluding shares held in treasury
as at 31 May 2020.
and this power shall expire at the conclusion of the next AGM of the Company or
the date 15 months after the passing of this resolution, whichever is the
earlier, but so that this power shall allow the Company to make offers or
agreements before the expiry as if the power conferred by this resolution had
not expired; and so that words and expressions defined in or for the purposes
of Part 17 of the Act shall bear the same meanings in this resolution.
14. THAT:
the Company be generally and subject as hereinafter appears unconditionally
authorised in accordance with Section 701 of the Companies Act 2006 as amended
from time to time prior to the date of the passing of this resolution (the
'Act') to make market purchases (within the meaning of Section 693(4) of the
Act) of its issued ordinary shares of 10p each in the capital of the Company
('Shares')
PROVIDED ALWAYS THAT:
(i) the maximum number of Shares hereby authorised to be purchased shall
be 14.99% of the Company's issued ordinary shares excluding shares held in
treasury on 21 July 2020, being the date of the AGM (being 32,056,614 shares);
(ii) the minimum price which may be paid for a Share shall be 10p;
(iii) the maximum price which may be paid for a Share must not be more than
the higher of: (a) 5% above the average of the mid-market values of the Shares
for the five business days before the purchase is made; and (b) the higher of
the price of the last independent trade in the Shares and the highest then
current independent bid for the Shares on the London Stock Exchange;
(iv) any purchase of Shares will be made in the market for cash at prices
below the prevailing net asset value per Share (as determined by the
Directors);
(v) the authority hereby conferred shall expire at the conclusion of the
next AGM of the Company or, if earlier, on the expiry of 15 months from the
passing of this resolution unless the authority is renewed at any other general
meeting prior to such time;
(vi) the Company may make a contract to purchase Shares under the authority
hereby conferred prior to the expiry of such authority which will be executed
wholly or partly after the expiration of such authority and may make a purchase
of Shares pursuant to any such contract; and
(vii) any shares so purchased shall be cancelled or, if the Directors so
determine and subject to the provisions of Sections 724 to 731 of the Act and
any applicable regulations of the United Kingdom Listing Authority, be held (or
otherwise dealt with in accordance with Section 727 or 729 of the Act) as
treasury shares.
15. THAT:
the period of notice required for general meetings of the Company (other than
AGMs) shall be not less than 14 clear days' notice.
.
Invesco Asset Management Limited
Corporate Company Secretary
21 July 2020
END
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