TIDMNAS

RNS Number : 3942D

North Atlantic Smlr Co Inv Tst PLC

25 June 2019

North Atlantic Smaller Companies Investment Trust PLC (the "Company")

Result of Annual General Meeting

The Company announces that at the Annual General Meeting (the "Meeting") of the Company held today (25 June 2019), all of the resolutions, as set out in full in the notice of the Meeting dated 28 May 2019 (the "Notice"), including the waiver of the requirements of Rule 9 of the City Code on Takeovers and Mergers in connection with the Company's ability to buy back its own shares (Resolution 15), were duly passed as below.

Resolutions 1 to 14 were passed by way of show of hands and Resolution 15 was passed by way of a poll.

Proxy votes received

 
 Resolution      For       Against    Votes Withheld 
     1        8,192,015     5,399           80 
     2        8,165,447    31,967           80 
     3*       8,197,249      165            80 
     4        8,032,915    128,203        36,376 
     5        7,687,380    477,368        32,746 
     6        7,569,713    397,116       230,665 
     7        8,165,097       0           32,397 
     8        8,164,916      181          32,397 
     9        8,195,873      150          1,471 
     10       8,197,414       0             80 
     11       8,165,416      181          31,897 
     12       8,163,396    34,018           80 
     13       8,164,347     1,250         31,897 
     14       8,156,973    40,441           80 
    15**      2,860,117   1,448,431     4,025,495

* As previously announced, and as stated in the Notice, the record date for the dividend will be 5pm on 31 October 2019 (note this is not a Friday) and the payment date will be 21 November 2019.

** Resolution 15 was put to the Meeting as a resolution of the independent shareholders of the Company. As a result, 10,303,880 of the ordinary shares in issue were eligible to vote on this resolution, these shares not being held by the Concert Party (as defined in the Notice). The waiver of Rule 9 granted by Resolution 15 permits the Concert Party's interest in the Company's shares to increase from 28.07% to a maximum of 31.19% (in each case representing 4,021,740 ordinary shares) as a result of the share buyback authorised by Resolution 13 without requiring the Concert Party to make a mandatory offer for the other shareholders' shares. The results of the poll vote on this Resolution 15 were 2,860,117 votes for, 1,448,431votes against, 4,025,495 abstentions, therefore with 66.38% in favour of the resolution.

Contact:

Jane Muir

For Derringtons Limited

Company Secretary

020 8819 6486

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END

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