WITAN INVESTMENT TRUST PLC
4 MAY 2023
Annual General Meeting Held On THURSDAY 4 MAY 2023
Witan Investment Trust plc (the 'Company') hereby gives notification that, at the Annual General Meeting of the Company held on Thursday, 4 May 2023, all the resolutions, as set out in full in the notice of meeting dated 31 March 2023, 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 2022 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 £3,303,146.
4. That the Company be authorised to make market purchases of its own ordinary shares up to a maximum of 99,028,329 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 business 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.
Suzy Neubert, non-executive director and Senior Independent Director, retired from the Board at the conclusion of the Annual General Meeting. Rachel Beagles has been appointed as Senior Independent Director with immediate effect.
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 2022
|
115,535,362 |
75,849 |
282,879 |
115,611,211 |
|
2 |
To receive and approve the Directors' Remuneration Report for the year ended 31 December 2022, other than the part containing the Directors' Remuneration Policy. |
100,378,634 |
14,670,866 |
844,590 |
115,049,500 |
|
3 |
To elect Ms S L Bevan as a director of the Company
|
114,644,243 |
413,588 |
836,259 |
115,057,831 |
|
4 |
To elect Dr S M Yogendra as a director of the Company
|
114,423,655 |
646,668 |
823,767 |
115,070,323 |
|
5 |
To re-elect Mr A J Ross as a director of the Company
|
114,590,290 |
546,318 |
757,482 |
115,136,608 |
|
6 |
To re-elect Mrs R A Beagles as a director of the Company
|
114,592,888 |
594,033 |
707,169 |
115,186,921 |
|
7 |
To re-elect Mr A L C Bell as a director of the Company
|
114,526,903 |
664,610 |
702,577 |
115,191,513 |
|
8 |
To re-elect Mrs G M Boyle as a director of the Company
|
114,605,251 |
552,812 |
736,027 |
115,158,063 |
|
9 |
To re-elect Mr J S Perry as a director of the Company
|
114,006,741 |
1,140,313 |
739,311 |
115,147,054 |
|
10 |
To re-elect Mr B C Rogoff as a director of the Company
|
114,595,043 |
518,735 |
747,587 |
115,113,778 |
|
11 |
To re-elect Mr P T Yates as a director of the Company
|
101,314,568 |
13,822,495 |
757,027 |
115,137,063 |
|
12 |
To re-appoint Grant Thornton UK LLP as Auditor of the Company
|
114,523,805 |
766,559 |
603,726 |
115,290,364 |
|
13 |
To authorise the Audit & Risk Committee to determine the remuneration of the Auditor
|
115,168,707 |
362,417 |
362,966 |
115,531,124 |
|
SPECIAL BUSINESS (*Special Resolutions) |
|
|
|
||
|
14 |
To approve the dividend policy of the Company
|
115,267,350 |
262,666 |
364,074 |
115,530,016 |
|
15 |
To authorise the directors to allot ordinary shares
|
114,479,162 |
645,842 |
769,086 |
115,125,004 |
|
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
|
114,258,390 |
914,323 |
721,377 |
115,172,713
|
|
17 |
*To authorise the Company to make market purchases of its own ordinary shares
|
107,163,013 |
8,163,179 |
567,898 |
115,326,192
|
|
18 |
*To authorise the Company to make market purchases of its own preference shares
|
107,897,174 |
7,373,117 |
623,799 |
115,270,291
|
|
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 |
114,451,759 |
1,001,659 |
440,672 |
115,453,418
|
The number of ordinary shares of 5p each in issue as at 6.30 pm on Tuesday 2 May 2023, the closing date for the receipt of proxies, was 660,934,298 (excluding 339,420,702 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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