TIDMBHI TIDMBHIB TIDMBHIU
RNS Number : 6463G
BMO UK High Income Trust PLC
27 July 2021
To: RNS
From: BMO UK High Income Trust PLC
Date: 27 July 2021
LEI: 213800B7D5D7RVZZPV45
Subject: Result of Annual General Meeting
BMO UK High Income Trust PLC ('the Company') announces that, at
the Annual General Meeting held on 27 July 2021, a poll was held on
each of the 12 resolutions proposed and all were duly passed,
including those detailed below:
-- An ordinary resolution renewing the Directors' authority to
allot new Ordinary shares of 0.1 pence each up to an aggregate
nominal amount of GBP4,258 and new B shares of 0.1 pence each up to
an aggregate nominal amount of GBP1,535 being approximately 5% of
the Company's total issued Ordinary shares and approximately 5% of
the Company's total issued B shares respectively (excluding shares
held in treasury). This authority will expire at the conclusion of
the Company's next Annual General Meeting to be held after the
passing of this resolution or on 30 September 2022, whichever is
earlier, unless previously revoked, varied or extended by the
Company in general meeting.
-- A special resolution renewing the Directors' authority to
allot new Ordinary shares of 0.1 pence each up to an aggregate
nominal amount of GBP4,258 and new B shares of 0.1 pence each up to
an aggregate nominal amount of GBP1,535 being 4.2% of the Company's
total issued Ordinary shares and 4.8% of the Company's total issued
B shares respectively (including shares held in treasury) for cash
without first offering such shares to existing shareholders pro
rata to their existing holdings. This authority will expire at the
conclusion of the Company's next Annual General Meeting to be held
after the passing of this resolution or on 30 September 2022,
whichever is earlier unless previously varied, revoked or renewed
by the Company in general meeting.
-- A special resolution renewing the Directors' authority to
make market purchases of up to 12,767,300 Ordinary shares and
4,603,200 B shares being approximately 14.99% of the issued
Ordinary shares and 14.99% of the issued B shares (excluding
Ordinary shares and B shares held in treasury). This authority will
expire at the conclusion of the Company's next Annual General
Meeting or on 30 September 2022, whichever is the earlier, unless
previously varied, revoked or renewed by the Company in general
meeting.
-- A special resolution renewing the Directors' authority to
sell shares from treasury without having first to make a pro rata
offer to existing shareholders limited up to an aggregate nominal
amount of GBP8,517 in respect of Ordinary shares and GBP3,070 in
respect of B shares, representing approximately 8.3 per cent of the
Company's Ordinary share capital in issue and approximately 9.6 per
cent of the Company's B share capital in issue (including treasury
shares). This authority shall expire at the conclusion of the next
Annual General Meeting of the Company or on 30 September 2022,
whichever is the earlier, unless previously varied, revoked or
renewed by the Company in general meeting.
The results of the poll were as follows:
For and Discretionary Against Withheld Total Votes
(excluding
Votes Withheld)
Resolution No of % of No of % of No of
Votes Votes Votes Votes Votes
Cast Cast
---------------------------- -------------- -------- -------- ------- --------- -----------------
Receive Annual
Report & Financial
Statements for
the year to 31
1 March 2021 27,966,803 99.55% 127,378 0.45% 39,776 28,094,181
---------------------------- -------------- -------- -------- ------- --------- -----------------
Approve Directors'
Remuneration
Report for the
year to 31 March
2 2021 27,268,680 97.84% 603,097 2.16% 262,181 27,871,777
---------------------------- -------------- -------- -------- ------- --------- -----------------
To re-elect J
M Evans as a
3 Director 27,591,303 98.81% 331,926 1.19% 210,728 27,923,229
---------------------------- -------------- -------- -------- ------- --------- -----------------
To re-elect H
M Galbraith as
4 a Director 27,596,039 98.82% 328,131 1.18% 209,787 27,924,170
---------------------------- -------------- -------- -------- ------- --------- -----------------
To re-elect S
J Mitchell as
5 a Director 27,591,102 98.83% 327,876 1.17% 214,978 27,918,978
---------------------------- -------------- -------- -------- ------- --------- -----------------
To re-elect A
K Watkins as
6 a Director 27,556,847 98.83% 325,320 1.17% 251,792 27,882,167
---------------------------- -------------- -------- -------- ------- --------- -----------------
To re-appoint
Deloitte LLP
as Auditor and
authority to
determine its
7 remuneration 27,712,812 98.90% 308,435 1.10% 112,712 28,021,247
---------------------------- -------------- -------- -------- ------- --------- -----------------
Approval of the
Company's dividend/capital
8 repayment policy 27,921,644 99.96% 10,456 0.04% 201,858 27,932,100
---------------------------- -------------- -------- -------- ------- --------- -----------------
Authorise the
Directors to
9 allot shares 27,650,020 99.23% 214,032 0.77% 269,905 27,864,052
---------------------------- -------------- -------- -------- ------- --------- -----------------
Authority to
allot shares
without pre-emption
10 rights 27,406,226 98.64% 377,916 1.36% 349,815 27,784,142
---------------------------- -------------- -------- -------- ------- --------- -----------------
Authorise the
Company to purchase
11 own shares 27,681,117 98.86% 318,468 1.14% 134,371 27,999,585
---------------------------- -------------- -------- -------- ------- --------- -----------------
Authority to
sell treasury
shares without
12 pre-emption rights 27,583,892 98.72% 357,545 1.28% 192,521 27,941,437
---------------------------- -------------- -------- -------- ------- --------- -----------------
The full text of all the resolutions can be found in the Notice
of Annual General Meeting set out in the Annual Report and
Financial Statements for the year ended 31 March 2021, which was
submitted to the National Storage Mechanism on 7 June 2021 and is
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the
Company's website www.bmoukhighincome.com
At the time of the meeting the Company's issued share capital
consists of 85,172,653 Ordinary shares carrying one vote each and
30,708,750 B shares carrying one vote each. The Company holds
16,894,491 Ordinary shares and 1,367,953 B shares in treasury which
do not carry voting rights. Therefore, the total voting rights in
the Company were 115,881,403 votes.
For further information please contact:
BMO Investment Business Limited 0207 628 8000
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