Aberforth Smaller Companies Trust Plc - Result of AGM
Annual General Meeting held on 5 March 2024
The Board of
The table below shows the results of the poll.
______________________________________________________________________________ | | | | | |Total Votes| | | | | | |% Votes|cast |Votes | |Resolution |Votes For |% Votes For|Votes Against|Against|(excluding |Withheld| | | | | | |Votes | | | | | | | |Withheld) | | |____________|__________|___________|_____________|_______|___________|________| |1 That the| | | | | | | |Report and | | | | | | | | | | | | | | | |Financial | | | | | | | |Statements | | | | | | | |for |51,509,692|95.79% |2,261,913 |4.21% |53,771,605 |4,777 | | the year | | | | | | | |ended 31 | | | | | | | | December | | | | | | | |2023 be | | | | | | | | adopted. | | | | | | | |____________|__________|___________|_____________|_______|___________|________| |2 That the| | | | | | | |Directors’ | | | | | | | | | | | | | | | |Remuneration| | | | | | | |Report for |53,726,304|99.96% |22,271 |0.04% |53,748,575 |27,807 | | the year | | | | | | | |ended 31 | | | | | | | | December | | | | | | | |2023 be | | | | | | | | approved.| | | | | | | |____________|__________|___________|_____________|_______|___________|________| |3 That a | | | | | | | |final | | | | | | | |dividend of | | | | | | | | 28.55p per| | | | | | | |share and a |53,772,348|100.00% |394 |0.00% |53,772,742 |3,640 | | special | | | | | | | |dividend of | | | | | | | |9.00p | | | | | | | | per share | | | | | | | |be approved.| | | | | | | |____________|__________|___________|_____________|_______|___________|________| |4 That | | | | | | | |Richard | | | | | | | |Davidson be |53,398,026|99.33% |361,679 |0.67% |53,759,705 |16,677 | | re-elected| | | | | | | |as a | | | | | | | |Director. | | | | | | | |____________|__________|___________|_____________|_______|___________|________| |5 That Jaz | | | | | | | |Bains be | | | | | | | | re-elected |53,750,293|99.99% |4,973 |0.01% |53,755,266 |21,116 | |as a | | | | | | | |Director. | | | | | | | |____________|__________|___________|_____________|_______|___________|________| |6 That | | | | | | | |Patricia | | | | | | | |Dimond be |53,749,907|99.99% |5,359 |0.01% |53,755,266 |21,116 | | re-elected| | | | | | | |as a | | | | | | | |Director. | | | | | | | |____________|__________|___________|_____________|_______|___________|________| |7 That | | | | | | | |Victoria | | | | | | | |Stewart be |53,750,720|99.99% |4,546 |0.01% |53,755,266 |21,116 | | re-elected| | | | | | | |as a | | | | | | | |Director. | | | | | | | |____________|__________|___________|_____________|_______|___________|________| |8 That | | | | | | | |Martin | | | | | | | |Warner be |53,754,027|100.00% |1,239 |0.00% |53,755,266 |21,116 | | re-elected | | | | | | | |as a | | | | | | | |Director. | | | | | | | |____________|__________|___________|_____________|_______|___________|________| |9 That | | | | | | | |Johnston | | | | | | | | Carmichael | | | | | | | |LLP be | | | | | | | | | | | | | | | |re-appointed| | | | | | | |as | | | | | | | | Independent| | | | | | | |Auditor of | | | | | | | | the Company| | | | | | | |to hold | | | | | | | | office | | | | | | | |until the |53,744,673|99.98% |13,161 |0.02% |53,757,834 |18,548 | | conclusion| | | | | | | |of the next | | | | | | | | Annual | | | | | | | |General | | | | | | | |Meeting | | | | | | | | at which | | | | | | | |the | | | | | | | |Financial | | | | | | | | Statements| | | | | | | |are laid | | | | | | | | before the| | | | | | | |Company. | | | | | | | |____________|__________|___________|_____________|_______|___________|________|
___________________________________________________________________________ |10 That the Audit | | | | | | | | Committee be | | | | | | | | authorised to determine| | | | | | | | the remuneration of the|53,754,871|99.98%|13,250 |0.02%|53,768,121|8,261 | | Independent Auditor for| | | | | | | | the year to 31 December| | | | | | | | 2024. | | | | | | | |_________________________|__________|______|_______|_____|__________|______| |11 That the aggregate | | | | | | | | | | | | | | | |annual amount of fees | | | | | | | | | | | | | | | |that can be paid to the | | | | | | | | | | | | | | | |Directors of the Company |53,700,098|99.88%|65,381 |0.12%|53,765,479|10,903| | | | | | | | | |shall, in accordance with| | | | | | | | | | | | | | | |Article 117, be increased| | | | | | | | | | | | | | | |to £250,000. | | | | | | | |_________________________|__________|______|_______|_____|__________|______| |12 That the Company be | | | | | | | | authorised to buy back|53,572,836|99.64%|194,748|0.36%|53,767,584|8,798 | | Ordinary Shares. | | | | | | | |_________________________|__________|______|_______|_____|__________|______|
Notes
1. A "Vote Withheld" is not a vote in law and is not counted in the
calculation of the votes "For" or "Against" a resolution.
2. Proxy appointments which gave discretion to the Chairman have been included
as votes for the resolution.
3. Resolutions 1 to 11 were ordinary resolutions and resolution 12 was a
special resolution.
4. The total votes cast represented 63.84% of the 84,234,605 Ordinary Shares
in issue at 1 March 2024 .
The full text of the resolutions can be found in the Notice of the Annual General Meeting contained in the 2023 Annual Report and Financial Statements which is on the website www.aberforth.co.uk . The report has been submitted to the National Storage Mechanism and is available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Contact
Telephone: 0131 220 0733
