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