TIDMCTY
RNS Number : 9300R
City of London Investment Trust PLC
31 October 2023
JANUS HENDERSON FUND MANAGEMENT UK LIMITED
THE CITY OF LONDON INVESTMENT TRUST PLC
LEGAL ENTITY IDENTIFIER: 213800F3NOTF47H6AO55
31 October 2023
THE CITY OF LONDON INVESTMENT TRUST PLC
Annual General Meeting of the Company
held on Tuesday, 31 October 2023
The City of London Investment Trust plc announces that at the
Annual General Meeting held earlier today all resolutions proposed
were duly passed on a show of hands. This included six special
business resolutions:
- Resolution 11: to approve the dividend payment policy of
paying four quarterly interim dividends in each year;
- Resolution 12: to authorise the Directors to allot ordinary
shares up to 10% of the issued ordinary share capital;
- Resolution 13: to authorise the Directors to allot or to sell
from treasury up to 10% of the issued ordinary share capital
without first offering them to existing shareholders in accordance
with statutory pre-emption procedures;
- Resolution 14: to authorise the Company to make market
purchases of the Company's ordinary shares;
- Resolution 15: to authorise the Company to make market
purchases of the Company's preferred stock;
- Resolution 16: to hold general meetings other than an Annual
General Meeting on not less than 14 clear days' notice; and
The full text of the resolutions can be found in the circular to
shareholders dated 19 September 2023 which can be viewed on the
Company's website at: www.cityinvestmenttrust.com .
The proxy votes received in relation to each resolution were as
follows:
Votes for Total
(including votes cast
at Chairman's Votes (excluding Votes
Resolutions discretion) % against % votes withheld) withheld
---------------------------------- --------------- ------ --------- ----- ----------
1 Annual Report and financial
statements 6,700,619 99.95 3,646 0.05 6,704,265 22,837
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
2 Directors' Remuneration
Report 6,635,657 99.30 46,470 0.70 6,682,127 50,611
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
3 Directors' Remuneration
Policy 6,622,825 99.16 56,004 0.84 6,678,829 53,908
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
4 Re-election of Sir Laurie
Magnus 6,661,792 99.64 24,344 0.36 6,686,136 46,605
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
5 Re-election of Mr Ominder
Dhillon 6,662,899 99.67 22,386 0.33 6,685,285 47,452
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
6 Re-election of Mr Robert
Holmes 6,665,530 99.71 19,361 0.29 6,684,891 47,848
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
7 Re-election of Mrs Clare
Wardle 6,662,677 99.67 22,060 0.33 6,684,737 47,933
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
8 Re-election of Mrs Samantha
Wren 6,664,088 99.70 20,072 0.30 6,684,160 48,579
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
9 Appointment of Ernst
& Young LLP as auditors 6,660,708 99.48 34,924 0.52 6,695,632 37,107
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
10 Audit Committee to determine
the auditors' remuneration 6,679,092 99.66 22,906 0.34 6,701,998 31,422
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
11 Approve the dividend
payment policy 6,704,807 99.96 2,861 0.04 6,707,668 20,112
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
12 Authority to allot ordinary
shares 6,677,360 99.67 21,830 0.33 6,699,190 28,588
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
13 Authority to disapply
pre-emption rights on allotment
or sale of ordinary shares* 6,644,190 99.38 41,777 0.62 6,685,967 41,812
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
14 Authority to make market
purchases of ordinary shares* 6,579,210 98.17 122,394 1.83 6,701,604 26,109
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
15 Authority to make market
purchases of preferred
stock* 6,512,796 97.23 185,326 2.77 6,698,122 29,196
---------------------------------- --------------- ------ --------- ----- ----------------- ----------
16 Authority to call a
general meeting on 14 clear
days' notice* 6,629,146 98.95 70,429 1.05 6,699,575 28,206
--------------- ------ --------- ----- ----------------- ----------
* Special resolution.
Holders of ordinary shares have one vote for every 15 shares
held, holders of first preference stock have one vote for every
GBP10 of stock held and holders of preferred ordinary stock have
one vote for every GBP20 of stock held.
A copy of the special business resolutions will be submitted to
the National Storage Mechanism ("NSM") and will shortly be
available for inspection on the NSM's website at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information please contact:
Job Curtis Sally Porter
Fund Manager For and on behalf of Janus Henderson
The City of London Investment Secretarial Services UK Limited
Trust plc Corporate Secretary to The City of
Tel: 020 7818 4367 London Investment Trust plc
Tel: 020 7818 2550
Harriet Hall
Investment Trust PR Manager
Janus Henderson Investors
Tel: 020 7818 2919
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