27 November 2020
MURRAY INCOME TRUST PLC
Result of Annual General Meeting
At the Annual General Meeting ("AGM") of the Murray Income Trust PLC (the "Company") held today, 27 November 2020, all resolutions, as set out in the Notice of AGM contained in the Company's Annual Report for the year ended 30 June 2020 ("2020 Annual Report"), were passed. The 2020 Annual Report is available on the Company's website at www.murray-income.co.uk*.
As set out in the Annual Report 2020, the presentation normally made to the AGM by Charles Luke, the Company's Investment Manager, will shortly be available on the Company's website.
In relation to Resolution 16 (authority to allot shares), the relevant figure is 3,305,520 Ordinary shares, being the lower of the number of Ordinary shares stated in the Resolution in the 2020 Annual Report and 5% of the Ordinary shares (excluding treasury shares) in issue at the date of passing of the resolution at the AGM.
In relation to Resolution 17 (disapplication of pre-emption rights), the relevant figure is 6,611,040 Ordinary shares, being the lower of the number of Ordinary shares stated in the Resolution in the 2020 Annual Report and 10% of the Ordinary shares (excluding treasury shares) in issue at the date of passing of the resolution at the AGM.
In relation to Resolution 18 (authority to make market purchases of Ordinary shares), the relevant figure is 9,909,950 Ordinary shares, being the lower of the number of Ordinary Shares stated in the Resolution in the Annual Report and 14.99% of the Ordinary shares in issue at the date of passing of the resolution at the AGM.
The total number of proxy votes lodged was as follows:
|
Resolution Number |
Resolution Description |
For and Discretionary |
Against |
Votes Withheld
|
Total Votes (excluding Votes Withheld) |
|
||||
|
Number of Votes |
% of Votes Cast |
Number of Votes |
% of Votes Cast |
|
||||||
|
1 |
Approval of Annual Report |
39,199,945 |
100.0 |
6,658 |
0.0 |
21,281 |
39,206,603 |
|
||
|
2 |
Approval of Directors' Remuneration Report |
38,948,887 |
99.6 |
167,323 |
0.4 |
111,674 |
39,116,210 |
|
||
|
3 |
Approval of Directors' Remuneration Policy |
38,861,647 |
99.5 |
210,997 |
0.5 |
155,239 |
39,072,644 |
|
||
|
4 |
Approval of Company's policy to pay interim dividends |
39,202,694 |
100.0 |
4,750 |
0.0 |
20,440 |
39,207,444 |
|
||
|
5 |
Re-election of Donald Cameron |
38,843,206 |
99.3 |
288,758 |
0.7 |
95,920 |
39,131,964 |
|
||
|
6 |
Re-election of Stephanie Eastment |
38,856,742 |
99.3 |
263,980 |
0.7 |
107,162 |
39,120,722 |
|
||
|
7 |
Re-election of Jean Park |
38,880,165 |
99.4 |
247,746 |
0.6 |
99,973 |
39,127,911 |
|
||
|
8 |
Re-election of Neil Rogan |
38,888,183 |
99.3 |
265,036 |
0.7 |
74,665 |
39,153,219 |
|
||
|
9 |
Re-election of Merryn Somerset Webb |
38,834,502 |
99.3 |
292,191 |
0.7 |
101,191 |
39,126,693 |
|
||
|
10 |
Re-election of Peter Tait |
38,868,278 |
99.4 |
253,233 |
0.6 |
106,373 |
39,121,511 |
|
||
|
11 |
Election of Georgina Field |
38,917,876 |
99.6 |
141,118 |
0.4 |
168,890 |
39,058,994 |
|
||
|
12 |
Election of Alan Giles |
38,905,904 |
99.6 |
165,654 |
0.4 |
156,326 |
39,071,558 |
|
||
|
13 |
Election of Richard Laing |
38,803,985 |
99.3 |
271,240 |
0.7 |
152,659 |
39,075,225 |
|
||
|
14 |
Auditor reappointment |
38,948,478 |
99.5 |
198,331 |
0.5 |
81,075 |
39,146,809 |
|
||
|
15 |
Auditor's remuneration |
39,006,578 |
99.7 |
114,375 |
0.3 |
106,932 |
39,120,953 |
|
||
|
16 |
Authority to allot shares |
39,070,635 |
99.8 |
85,756 |
0.2 |
71,493 |
39,156,391 |
|
||
|
17 |
Disapplication of Pre-emption Rights |
38,891,532 |
99.6 |
170,169 |
0.4 |
166,183 |
39,061,701 |
|
||
|
18 |
Purchase of Shares |
39,037,354 |
99.6 |
141,324 |
0.4 |
49,205 |
39,178,678 |
|
||
|
19 |
New Articles of Association |
36,525,080 |
93.4 |
2,583,440 |
6.6 |
119,363 |
39,108,520 |
|
||
|
|
|
|
|
|
|
|
||||
Copies of resolutions 1 to 19 inclusive are to be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at: data.fca.org.uk/#/nsm/nationalstoragemechanism*.
* Neither the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.
Enquiries:
Stuart Reid
Aberdeen Asset Management PLC
Secretaries
Tel. 0131 372 2200
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