RIGHTS AND ISSUES INVESTMENT TRUST PLC
("the Company")
LEI: 2138002AWAM93Z6BP574
RESULT OF ANNUAL GENERAL
MEETING
Rights and Issues Investment Trust
plc announces that at the Annual General Meeting of the Company
duly convened and held today, 27 March 2024, all Resolutions put to
shareholders were passed by a show of hands.
The full text of each resolution can
be found in the Annual Report and Accounts for the year ended 31
December 2023, which is available at www.jupiteram.com/
uk/en/individual/rights-and-issues-investment-trust-plc
In accordance with listing rule 9.6.2
a copy of the resolutions has been submitted to the National
Storage Mechanism, and will shortly be available for inspection
at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Proxy votes received in favour of
the resolutions were as follows:
|
|
Votes
for
|
%
|
Votes
against
|
%
|
Votes
withheld
|
|
Resolution 1
|
1,345,099
|
99.4
|
8,144
|
0.6
|
0
|
|
Resolution 2
|
996,314
|
73.8
|
353,127
|
26.2
|
3,802
|
|
Resolution 3
|
1,345,516
|
99.4
|
7,727
|
0.6
|
0
|
|
Resolution 4
|
1,256,751
|
92.9
|
96,492
|
7.1
|
0
|
|
Resolution 5
|
1,004,746
|
74.3
|
348,217
|
25.7
|
280
|
|
Resolution 6
|
1,227,017
|
90.7
|
126,226
|
9.3
|
0
|
|
Resolution 7
|
1,328,824
|
98.2
|
24,419
|
1.8
|
0
|
|
Resolution 8
|
1,344,849
|
99.4
|
7,977
|
0.6
|
417
|
|
Resolution 9
|
1,345,099
|
99.4
|
8,144
|
0.6
|
0
|
|
Resolution 10
|
1,335,803
|
98.9
|
15,200
|
1.1
|
2,240
|
Resolution 2, the approval of the
Directors' Remuneration Policy, and resolution 5, the re-election
of Mr Simon Knott, received less than 80% of the votes cast in
favour. The Board understands that the vote against resolution 2
relates to the ex gratia payment made to Dr David Bramwell, the
former Chairman, in recognition of his long service with the
Company and his contribution as Chair. The Board understands
that the vote against resolution 5 relates to concerns over Mr
Knott's independence, having formerly been the CEO of the Company,
and his membership of the Audit, Risk and Compliance and
Remuneration and Nominations Committee.
The Board proposes to consult with
shareholders to address any concerns that have influenced their
voting. A statement detailing the outcome of the Company's
consultation with its shareholders, including the views received
from shareholders and any actions taken as a result, will be
published by the Company by no later than 26 September 2024 in
accordance with the UK Corporate Governance Code and the AIC Code
of Corporate Governance.
Details of the proxy voting will
also shortly be available on the Company's website at: www.jupiteram.com/
uk/en/individual/rights-and-issues-investment-trust-plc
For further information please
contact:
Apex Fund Administration Services
(UK) Limited
Email: cosec@maitlandgroup.com