PAC Pacific Assets Trust Plc

 
TIDMPAC 
 
Pacific Assets Trust plc 
 
16 June 2020 
 
Arrangements for the 2020 Annual General Meeting 
 
Pacific Assets Trust plc (the "Company") published its Notice of Annual General 
Meeting ("AGM") on 6 April 2020, convening the AGM for 12.00 noon on 25 June 
2020. 
 
The documents accompanying the Notice of AGM set out the intended changes to 
the usual format of the AGM in light of the Coronavirus (COVID-19) pandemic. 
These arrangements have not changed.  Only the statutory, formal business 
required to meet the minimum legal requirements will be conducted, there will 
be no presentation from the Investment Manager, nor any opportunity to interact 
with the Board.  The AGM will be convened with the minimum necessary quorum of 
two shareholders. This will be facilitated by the Company through the 
attendance of two employees of the Company Secretary who are shareholders. 
 
As the restriction on indoor gatherings of more than two people in public, 
introduced by the UK Government to limit the impact and spread of the 
Coronavirus, is still in place, other shareholders will not be able to attend 
the Company's 2020 AGM in person.  Any other shareholders attempting to attend 
the AGM will be refused entry. This is to ensure the health and safety of those 
attending in person. 
 
Shareholders are therefore strongly encouraged to vote by proxy, appointing the 
"Chair of the Meeting" as their proxy rather than any other person who will not 
be permitted to attend.  Proxy votes can be lodged in advance of the AGM either 
by post or electronically: detailed instructions are included in the Notice of 
AGM which can be found within the Annual Report for the year ended 31 January 
2020 on the Company's website (www.pacific-assets.co.uk), and on the Form of 
Proxy which was sent to shareholders with the Notice. 
 
As would normally be the case, the votes on the resolutions to be proposed at 
the AGM will be conducted on a show of hands and the chair of the meeting will 
vote on a show of hands in accordance with the proxies held. The voting results 
will be announced to the Stock Exchange and posted on the website as soon as 
practicable following the meeting. 
 
Shareholders are invited to submit questions to the Board in advance of the 
meeting.  The Board's responses will be posted on the Company's website after 
the meeting. Questions should be sent by email to info@frostrow.com before 5pm 
on 24 June 2020. 
 
In lieu of a presentation, the Investment Manager has prepared a webcast on the 
Company's performance and recent market developments, which has been recorded 
separately and will only be available through the Company's website.  Investors 
may register to receive an email notification when the webcast becomes 
available by subscribing to the mailing list online: http:// 
www.mail-stewartinvestors.com/pacific-assets.asp 
 
In normal circumstances, the Board values very highly the opportunity to meet 
shareholders in person at the AGM.  The Directors therefore regret not being 
able to stage the Company's usual AGM this year, but hope shareholders 
appreciate the reasons behind these changes which they believe are in 
shareholders' best interests. 
 
                                   -  ENDS - 
 
For further information please contact: 
 
Katherine Manson 
 
Frostrow Capital LLP 
 
Company Secretary 
 
020 3709 8734 
 
 
 
END 
 

(END) Dow Jones Newswires

June 16, 2020 07:20 ET (11:20 GMT)

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