Pacific Assets Trust plc

 

Results of the Annual General Meeting held on Tuesday, 1 July 2025

 

The Board is pleased to announce that at the Annual General Meeting (AGM) held on Tuesday, 1 July 2025, all resolutions as detailed below were duly passed by shareholders on a poll.   The proxy voting figures are shown below:

 

 ____________________________________________________________________________
|                 |          |      |             |     |Total Votes|Votes   |
|Resolutions      |Votes For |%     |Votes Against|%    |Cast       |        |
|                 |          |      |             |     |           |Withheld|
|_________________|__________|______|_____________|_____|___________|________|
|Ordinary         |                                                          |
|Resolutions      |                                                          |
|_________________|__________________________________________________________|
|  1. To receive  |          |      |             |     |           |        |
|     the Report  |          |      |             |     |           |        |
|     of the      |          |      |             |     |           |        |
|     Directors   |          |      |             |     |           |        |
|     and the     |50,411,489|99.96%|21,919       |0.04%|50,433,408 |16,623  |
|     financial   |          |      |             |     |           |        |
|     statements  |          |      |             |     |           |        |
|     for the year|          |      |             |     |           |        |
|     ended 31    |          |      |             |     |           |        |
|     January     |          |      |             |     |           |        |
|_____2025._______|__________|______|_____________|_____|___________|________|
|  1. To approve  |          |      |             |     |           |        |
|     the         |          |      |             |     |           |        |
|     Directors'  |          |      |             |     |           |        |
|     Remuneration|50,222,593|99.62%|192,225      |0.38%|50,414,818 |35,213  |
|     Report for  |          |      |             |     |           |        |
|     the year    |          |      |             |     |           |        |
|     ended 31    |          |      |             |     |           |        |
|     January     |          |      |             |     |           |        |
|_____2025._______|__________|______|_____________|_____|___________|________|
|  1. To approve  |          |      |             |     |           |        |
|     payment of a|          |      |             |     |           |        |
|     final       |          |      |             |     |           |        |
|     dividend of |          |      |             |     |           |        |
|     4.9p per    |50,401,235|99.93%|37,201       |0.07%|50,438,436 |11,595  |
|     share for   |          |      |             |     |           |        |
|     the year    |          |      |             |     |           |        |
|     ended 31    |          |      |             |     |           |        |
|     January     |          |      |             |     |           |        |
|_____2025._______|__________|______|_____________|_____|___________|________|
|  1. To elect    |50,224,901|99.64%|180,691      |0.36%|50,405,592 |44,439  |
|     June Ang as |          |      |             |     |           |        |
|_____a_Director._|__________|______|_____________|_____|___________|________|
|  1. To re-elect |          |      |             |     |           |        |
|     Andrew Impey|49,348,457|97.92%|1,046,773    |2.08%|50,395,230 |54,801  |
|     as a        |          |      |             |     |           |        |
|_____Director.___|__________|______|_____________|_____|___________|________|
|  1. To re-elect |          |      |             |     |           |        |
|     Nandita     |49,266,983|97.75%|1,134,601    |2.25%|50,401,584 |48,447  |
|     Sahgal as a |          |      |             |     |           |        |
|_____Director.___|__________|______|_____________|_____|___________|________|
|  1. To re-elect |          |      |             |     |           |        |
|     Robert      |49,377,203|97.98%|1,018,027    |2.02%|50,395,230 |54,801  |
|     Talbut as a |          |      |             |     |           |        |
|_____Director.___|__________|______|_____________|_____|___________|________|
|  1. To re-elect |          |      |             |     |           |        |
|     Edward      |49,381,108|97.97%|1,022,122    |2.03%|50,403,230 |46,801  |
|     Troughton as|          |      |             |     |           |        |
|_____a_Director._|__________|______|_____________|_____|___________|________|
|  1. To          |          |      |             |     |           |        |
|     re-appoint  |50,340,648|99.88%|59,582       |0.12%|50,400,230 |49,801  |
|     BDO LLP as  |          |      |             |     |           |        |
|_____Auditor.____|__________|______|_____________|_____|___________|________|
|  1. To authorise|          |      |             |     |           |        |
|     the Audit   |          |      |             |     |           |        |
|     Committee to|          |      |             |     |           |        |
|     determine   |50,401,307|99.95%|25,328       |0.05%|50,426,635 |23,396  |
|     the         |          |      |             |     |           |        |
|     remuneration|          |      |             |     |           |        |
|     of the      |          |      |             |     |           |        |
|_____Auditor.____|__________|______|_____________|_____|___________|________|
|  1. To approve  |          |      |             |     |           |        |
|     the change  |          |      |             |     |           |        |
|     to the      |50,369,191|99.94%|27,957       |0.06%|50,397,148 |52,883  |
|     Company's   |          |      |             |     |           |        |
|     Investment  |          |      |             |     |           |        |
|_____Policy._____|__________|______|_____________|_____|___________|________|
|12. To authorise |          |      |             |     |           |        |
|the Directors to |          |      |             |     |           |        |
|allot shares up  |          |      |             |     |           |        |
|to an amount     |50,239,630|99.64%|179,928      |0.36%|50,419,558 |30,473  |
|representing 10% |          |      |             |     |           |        |
|of the issued    |          |      |             |     |           |        |
|share capital of |          |      |             |     |           |        |
|the Company.     |          |      |             |     |           |        |
|_________________|__________|______|_____________|_____|___________|________|
|13#. To disapply |          |      |             |     |           |        |
|the pre-emption  |          |      |             |     |           |        |
|rights in        |          |      |             |     |           |        |
|relation to the  |          |      |             |     |           |        |
|allotment of     |          |      |             |     |           |        |
|shares up to an  |50,202,316|99.59%|206,527      |0.41%|50,408,843 |41,188  |
|amount           |          |      |             |     |           |        |
|representing 10% |          |      |             |     |           |        |
|of the issued    |          |      |             |     |           |        |
|share capital of |          |      |             |     |           |        |
|the Company.     |          |      |             |     |           |        |
|_________________|__________|______|_____________|_____|___________|________|
|14#. To authorise|          |      |             |     |           |        |
|the Company to   |          |      |             |     |           |        |
|make market      |50,344,236|99.84%|79,678       |0.16%|50,423,914 |26,117  |
|purchases of the |          |      |             |     |           |        |
|Company's        |          |      |             |     |           |        |
|ordinary shares. |          |      |             |     |           |        |
|_________________|__________|______|_____________|_____|___________|________|
|15#. To authorise|          |      |             |     |           |        |
|the Directors to |          |      |             |     |           |        |
|call general     |          |      |             |     |           |        |
|meetings (other  |50,280,089|99.70%|151,632      |0.30%|50,431,721 |18,310  |
|than the AGM) on |          |      |             |     |           |        |
|not less than 14 |          |      |             |     |           |        |
|clear days'      |          |      |             |     |           |        |
|notice.          |          |      |             |     |           |        |
|_________________|__________|______|_____________|_____|___________|________|

 

# - Special Resolution

               

Any proxy votes which are at the discretion of the Chair have been included in the "for" total. A vote withheld is not a vote in law and is not counted in the calculations of votes cast by proxy.

 

At 6.30pm on 27 June 2025 the total number of Ordinary shares of 12.5p each in issue and the total number of voting rights was 118,438,386.

 

The proxy voting figures will be made available on the Company's website at www.pacific-assets.co.uk   

 

In accordance with UK Listing Rules 6.4.2 and 6.4.3, the full text of the resolutions passed has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism . Resolutions 11 to 15 will also be filed at Companies House.

 

1 July 2025

 

        Katherine Manson Frostrow Capital LLP - Company Secretary 020 3709 8734