Company Announcements

RNS Number : 8184X
Witan Investment Trust PLC
01 May 2019
 

WITAN INVESTMENT TRUST PLC

 

1 MAY 2019

 

Annual General Meeting Held On Wednesday 1 May 2019

 

Witan Investment Trust plc ('the Company') hereby gives notification that, at the Annual General Meeting of the Company held on Wednesday 1 May 2019, all the resolutions, as set out in full in the notice of meeting dated 29 March 2019, were duly passed.  The resolutions in respect of special business were duly passed as follows:

 

1.       That the dividend policy of the Company as set out in the Annual Report for the year ended 31 December 2018 be approved.

 

2.       That each of the issued ordinary shares of 25 pence each in the capital of the Company be subdivided into five ordinary shares of 5 pence each (the 'New Ordinary Shares'), the New Ordinary Shares having the rights and being subject to the restrictions and obligations set out in the Articles of Association of the Company, such subdivision to be conditional on, and to take effect on, admission of the New Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities by 8.00 a.m. on  28 May 2019 (or such other time and/or date as the directors of the Company may in their absolute discretion determine).

 

3.       That the Directors be authorised to allot relevant securities.

 

4.       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 £4,420,729.

 

5.       That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 26,506,696 ordinary shares, being 14.99% of the ordinary shares of 25 pence each in issue, or 132,533,480 ordinary shares of 5 pence each following the share split which will be effective on 28 May 2019.

 

6.       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).

 

7.       That the Articles of Association produced to the Annual General Meeting and initialled by the Chairman for the purposes of identification be adopted as the Articles of Association of the Company in substitution for, and to the exclusion of, the existing Articles of Association.

 

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

 

A copy of the full text of the resolutions in respect of special business passed at the Annual General Meeting will be lodged with the National Storage Mechanism and will be available for viewing at www.hemscott.com/nsm.do.

 

 

-  ENDS -

 

For further information please contact:

 

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Telephone:  020 7227 9770

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
RAGABMRTMBIMBRL