Result of AGM

Source: RNS
RNS Number : 1910Q
Bankers Investment Trust PLC
24 February 2021
 

 

HENDERSON INVESTMENT FUNDS LIMITED

 

THE BANKERS INVESTMENT TRUST PLC

 

LEGAL ENTITY IDENTIFIER: 213800B9YWXL3X1VMZ69

 

24 February 2021

 

THE BANKERS INVESTMENT TRUST PLC

 

Annual General Meeting of the Company

held on Wednesday, 24 February 2021

 

The Bankers investment Trust PLC announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll. This included the following resolutions:

 

As Ordinary Resolutions:

 

-    Resolution 11: to approve the sub-division ('Share Split') of the Existing Ordinary Shares of 25p each into 10 New Ordinary Shares of 2.5p each with effect from 1 March 2021;

 

-    Resolution 12: to authorise the Directors to allot ordinary shares up to 10% of the issued ordinary share capital;

 

As Special Resolutions:

 

-    Resolution 13: to authorise the Directors to allot or to sell from treasury up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;

 

-    Resolution 14: to authorise the Company to make market purchases of the Company's ordinary shares up to 14.99% of its issued ordinary share capital;

 

-    Resolution 15: to authorise that a General Meeting other than an Annual General Meeting may be held on not less than 14 clear days' notice; and

 

-    Resolution 16: to approve and adopt new Articles of Association. 

 

The full text of the resolutions can be found in the circular to shareholders dated 18 January 2021 which can be viewed on the Company's website at: www.bankersinvestmenttrust.com

 

The poll results were as follows:

 

Resolutions

Number of Votes FOR (including at Chairman's discretion)

% of votes FOR

Number of Votes AGAINST

% of votes AGAINST

Total votes cast

Votes cast (excluding votes withheld) as a percentage of total voting rights

Number of votes withheld

1 To receive the annual report and the audited financial statements for the year ended 31 October 2020                        

9,425,027

99.97%

2,596

0.03%

9,427,623

28.98%

30,575

2 To approve the Directors' Remuneration Report for the year ended 31 October 2020

9,335,679

99.56%

40,987

0.44%

9,376,666

28.82%

81,531

3 To approve the final dividend of 5.42p per share

9,423,573

99.97%

2,525

0.03%

9,426,098

28.97%

32,099

4 To re-appoint

Sue Inglis as a Director

9,274,845

98.58%

133,463

1.42%

9,408,308

28.92%

49,890

5 To re-appoint Julian Chillingworth as a Director

9,386,292

99.79%

19,745

0.21%

9,406,037

28.91%

52,158

6 To re-appoint Richard Huntingford as a Director

9,382,465

99.76%

22,792

0.24%

9,405,257

28.91%

52,938

7 To re-appoint Isobel Sharp

as a Director

9,393,759

99.83%

15,643

0.17%

9,409,402

28.92%

48,795

8 To appoint

Richard West

as a Director

9,392,238

99.88%

11,401

0.12%

9,403,639

28.90%

54,558

9 To re-appoint Ernst & Young LLP as statutory Auditor

9,373,667

99.69%

29,151

0.31%

9,402,818

28.90%

55,378

10 To authorise the Audit Committee to determine the Auditor's remuneration

9,401,845

99.89%

10,575

0.11%

9,412,420

28.93%

45,768

11 To approve the sub-division of the existing share capital

9,329,849

99.32%

64,073

0.68%

9,393,922

28.87%

64,275

12 To give Directors authority to allot ordinary shares

9,385,499

99.72%

26,665

0.28%

9,412,164

28.93%

46,033

13 To give Directors authority to disapply pre-emption rights on allotment or sale of ordinary shares*

9,334,483

99.45%

51,315

0.55%

9,385,798

28.85%

72,398

14 To give the Company authority to make market purchases of ordinary shares in the capital of the Company*

9,395,840

99.84%

14,919

0.16%

9,410,759

28.93%

47,437

15 To approve that a general meeting may be called on not less than 14 clear days' notice*

9,369,075

99.55%

42,222

0.45%

9,411,297

28.93%

46,901

16 To approve the adoption of new Articles of Association*

9,180,623

97.88%

198,491

2.12%

9,379,114

28.83%

79,082

                 

 

* Special resolution.

 

For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of the Company's total voting rights as at the close of business on 22 February 2021 (32,533,195 as there is one vote for every £1 nominal value of ordinary shares held)  being the time at which a shareholder had to be registered in the register of members in order to vote at the Annual General Meeting.  A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.

 

The number of ordinary shares in issue in the Company at the date of this announcement is (130,132,783).

 

A copy of the poll results will shortly be available on the Company's website at:

www.bankersinvestmenttrust.com

 

A copy of the special business resolutions will be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

For further information please contact:

 

Alex Crooke

Fund Manager

The Bankers Investment Trust PLC

Telephone: 020 7818 4447

 

James de Sausmarez

Director and Head of Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 3349

 

Laura Thomas

PR Manager, Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 2636

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