RNS Number : 8941M
Witan Investment Trust PLC
01 May 2024
 

WITAN INVESTMENT TRUST PLC

 

1 MAY 2024

 

Annual General Meeting Held On Wednesday 1 May 2024

 

Witan Investment Trust plc (the 'Company') hereby gives notification that, at the Annual General Meeting of the Company held on Wednesday, 1 May 2024, all the resolutions, as set out in full in the notice of meeting dated 2 April 2024, were duly passed.  The resolutions in respect of special business were duly passed as follows:

 

1.       That the dividend policy of the Company be approved.

 

2.       That the directors be authorised to allot ordinary shares.

 

3.       That the directors be authorised to disapply pre-emption rights on the allotment or sale from treasury of equity securities up to a nominal amount of £3,042,188.

 

4.       That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 91,204,814 ordinary shares, being 14.99% of the ordinary shares of 5 pence each in issue.

 

5.       That the Company be authorised to make market purchases of its own preference shares up to a maximum of 2,055,000 of the 3.4% cumulative preferences shares and 500,000 of the 2.7% cumulative preference shares (being 100% of the preference shares).

 

6.       That any general meeting of the Company (other than the Annual General Meeting) may be called on not less than 14 clear days' notice.

 

The resolutions were all passed on a show of hands. 

 

A copy of the full text of the resolutions in respect of special resolutions passed at the Annual General Meeting will be lodged with the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

 

The results of the proxy voting were as follows:

 

 

Resol-ution

 

 

Description

Votes

For

Votes

Against

Votes

withheld

Total votes cast

(excluding votes withheld)

1   

To receive the Annual Report for the year ended 31 December 2023

 

112,919,913

80,377

 

94,319

 

113,000,290

 

2   

To receive and approve the Directors' Remuneration Report for the year ended 31 December 2023, other than the part containing the Directors' Remuneration Policy

101,335,964

11,009,854

 

729,241

 

112,345,818

 

3   

To amend the Company's Remuneration Policy to provide for the deferred element of any bonus awarded 1 January 2024 by reference to the net asset value total return of the Company's shares, subject to the existing provisions for malus and clawback

 

100,993,051

11,098,738

 

983,543

 

112,091,789

 

4   

To re-elect Mr A J Ross as a director of the Company

 

109,134,470

3,242,979

 

717,160

 

112,377,449

 

5   

To re-elect Mrs R A Beagles as a director of the Company

 

111,946,229

713,742

 

434,638

 

112,659,971

 

6   

To re-elect Mr A L C Bell as a director of the Company

 

111,436,498

1,170,151

 

487,960

 

112,606,649

 

7   

To re-elect Ms S L Bevan as a director of the Company

 

111,641,517

759,425

 

693,667

 

112,400,942

 

8   

To re-elect Mr J S Perry as a director of the Company

 

111,956,566

664,609

 

473,434

 

112,621,175

 

9   

To re-elect B C Rogoff as a director of the Company

 

112,100,637

517,676

 

476,296

 

112,618,313

 

10 

To re-elect P T Yates as a director of the Company

 

98,016,361

14,583,087

 

495,161

 

112,599,448

 

11 

To re-elect Dr S M Yogendra as a director of the Company

 

104,201,580

567,728

 

8,326,301

 

104,769,308

 

12 

To re-appoint Grant Thornton UK LLP as Auditor of the Company

112,098,493

752,917

 

238,199

 

112,851,410

 

13 

To authorise the Audit & Risk Committee to determine the remuneration of the Auditor

112,544,517

326,870

 

224,222

 

112,871,387

 

14 

To approve the dividend policy of the Company

112,382,520

422,249

 

290,840

112,804,769

 

15 

To authorise the directors to allot ordinary shares

111,946,616

887,013

 

          261,980

 

112,833,629

 

16 

*To authorise the directors to allot equity securities for cash and to sell shares held by the Company as treasury shares on a non pre-emptive basis

111,416,294

1,121,337

 

557,978

 

112,537,631

 

17 

*To authorise the Company to make market purchases of its own ordinary shares

 

106,211,392

6,638,086

 

246,131

 

112,849,478

 

18 

*To authorise the Company to make market purchases of its own preference shares

 

111,170,620

1,551,710

 

373,279

 

112,722,330

 

19 

*That any general meeting of the Company other than the Annual General Meeting may be called on not less than 14 clear days' notice

111,236,489

1,655,217

 

203,903

 

112,891,706

 

 

* Special Resolutions

 

The number of ordinary shares of 5p each in issue as at 6.30 pm on Monday 29 April 2024, the closing date for the receipt of proxies, was 608,702,720 (excluding 391,652,280 shares held in treasury).  Each share has one vote. A vote withheld is not counted towards the votes "For" or "Against" a resolution.

-  ENDS -

For further information please contact:

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Telephone:  020 7227 9770

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