Company Announcements

The following amendment has been made to the Result of AGM announcement released on 2 May 2019 at 15.44 under RNS 9382X. 

·              A special resolution adopting new articles of association in substitution for the existing articles of association.

All other details remain unchanged.

The full amended text is shown below.

F&C Investment Trust PLC

LEI: 213800W6B18ZHTNG7371

Results of Annual General Meeting held on 2 May 2019

At the Company's AGM held on 2 May 2019 all resolutions were passed, including those detailed below:

●          An ordinary resolution renewing the Directors' general authority to allot shares up to an aggregate nominal amount of £6,700,000 being equivalent to approximately 5% of the Company's issued share capital (excluding treasury shares).  This authority will expire at the conclusion of the next AGM of the Company in 2020 or 30 June 2020 (whichever is earlier) unless previously revoked, varied or extended.

●          A special resolution renewing the Directors' authority to allot shares and to sell treasury shares on a non-pre-emptive basis up to an aggregate nominal amount of £6,700,000 being equivalent to approximately 5% of the Company's issued share capital (excluding treasury shares).  This authority will expire at the conclusion of the next AGM of the Company in 2020 or 30 June 2020 (whichever is earlier) unless previously revoked, varied or extended.

●          A special resolution renewing the Directors' authority to make market purchases of up to 81,270,000 ordinary shares of 25p being equivalent to approximately 14.99% of the Company's issued share capital (excluding treasury shares).  This authority will expire at the conclusion of the next AGM of the Company in 2020 or 30 June 2020 (whichever is earlier) unless previously revoked, varied or extended.

Any buyback may be funded from the Company's own cash resources or, if appropriate, from short term borrowings. The maximum price payable per share (exclusive of expenses) must not exceed the higher of: (i) 105% of the average middle market quotations for the five business days preceding the date of purchase; and (ii) the higher of the last independent bid and the highest current independent bid on the London Stock Exchange. Shares repurchased will either be held in treasury or cancelled.

The Company instructs J.P. Morgan Securities plc to act as its broker in respect of its buy-back transactions. Any buybacks will be undertaken in accordance with the Company's discount control policy. This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Accounts which is available for viewing at the National Storage Mechanism at www.morningstar.co.uk/uk/nsm or on the Company's website www.fandcit.com

A copy of the Fund Manager's presentation, speech and a summary of proxy votes received will shortly be available on the Company's website www.fandcit.com

Name of contact and telephone number for enquiries:

Hugh Potter

For and on behalf of BMO Investment Business Limited, Secretary

020 7628 8000

2 May 2019