THE MONKS INVESTMENT TRUST
PLC (MNKS)
Legal
Entity Identifier: 213800MRI1JTUKG5AF64
Results of Annual General
Meeting
At the Annual General Meeting ('AGM') held on
10 September 2024 shareholders approved the following
resolutions:
Ordinary
Resolutions
1. To receive and adopt the
Financial Statements of the Company for the year ended 30 April
2024 with the Reports of the Directors and of the Independent
Auditor thereon.
2. To approve the Directors' Annual
Report on Remuneration for the year ended 30 April 2024.
3. To declare a final dividend of
2.10p per ordinary share.
4. To re-elect Mr KS Sternberg as a
Director.
5. To re-elect Ms BJ Richards as a
Director.
6. To re-elect Professor Sir Nigel
Shadbolt as a Director.
7. To re-elect Ms CM Boyle as a
Director.
8. To re-elect Dr D Chaya as a
Director.
9. To elect Mr RS Grewal as a
Director.
10. To elect Ms SL Parrinder-Johnson as a
Director.
11. To reappoint Ernst & Young LLP as
Independent Auditor of the Company to hold office until the
conclusion of the next Annual General Meeting at which the
Financial Statements are laid before the Company.
12. To authorise the Directors to determine the
remuneration of the Independent Auditor.
13. That, in substitution for any existing
authority but without prejudice to the exercise of any such
authority prior to the date hereof, the Directors of the Company be
and they are hereby generally and unconditionally authorised in
accordance with section 551 of the Companies Act 2006 (the 'Act')
to exercise all the powers of the Company to allot shares in the
Company and to grant rights to subscribe for or to convert any
security into shares in the Company ('Securities') provided that
such authority shall be limited to the allotment of shares and the
grant of rights in respect of shares with an aggregate nominal
value of up to £1,053,078.33 (representing 10% of the Company's
total issued share capital as at 26 June 2024), such authority to
expire at the conclusion of the next Annual General Meeting of the
Company after the passing of this resolution or on the expiry of 15
months from the passing of this resolution, whichever is the
earlier, unless previously revoked, varied or extended by the
Company in a general meeting, save that the Company may at any time
prior to the expiry of this authority make an offer or enter into
an agreement which would or might require Securities to be allotted
or granted after the expiry of such authority and the Directors
shall be entitled to allot or grant Securities in pursuance of such
an offer or agreement as if such authority had not
expired.
Special
Resolutions
14. That, subject to the passing of resolution
13 above, and in substitution for any existing power but without
prejudice to the exercise of any such power prior to the date
hereof, the Directors of the Company be and they are hereby
generally empowered, pursuant to sections 570 and 573 of the
Companies Act 2006 (the 'Act') to allot equity securities (within
the meaning of section 560(1) of the Act) for cash either pursuant
to the authority given by resolution 13 above or by way of the sale
of treasury shares wholly for cash as if section 561(1) of the Act
did not apply to any such allotment or sale, provided that this
power:
a) expires at the conclusion of the
next Annual General Meeting of the Company after the passing of
this resolution or on the expiry of 15 months from the passing of
this resolution, whichever is the earlier, save that the Company
may, before such expiry, make an offer or agreement which would or
might require equity securities to be allotted after such expiry
and the Directors may allot equity securities in pursuance of any
such offer or agreement as if the power conferred hereby had not
expired; and
b) shall be limited to the
allotment of equity securities or the sale of treasury shares up to
an aggregate nominal value of £1,053,078.33, being approximately
10% of the nominal value of the issued share capital of the Company
as at 26 June 2024.
15. That, in substitution for any existing
authority, but without prejudice to the exercise of any such
authority prior to the date hereof, the Company be and is hereby
generally and unconditionally authorised, pursuant to and in
accordance with section 701 of the Companies Act 2006 (the 'Act'),
to make market purchases (within the meaning of section 693(4) of
the Act) of fully paid ordinary shares of 5p each in the capital of
the Company ('Shares'), (either for retention as treasury shares
for future reissue, resale, transfer or for cancellation) provided
that:
a) the maximum aggregate number of
Shares hereby authorised to be purchased is 31,571,288, or, if
less, the number representing approximately 14.99% of the issued
ordinary share capital of the Company as at the date of the passing
of this resolution;
b) the minimum price (exclusive of
expenses) which may be paid for each Share is 5p;
c) the maximum price (exclusive of
expenses) which may be paid for a Share shall be not more than the
higher of: (i) 5 per cent above the average closing price on the
London Stock Exchange of a Share over the five business days
immediately preceding the date of purchase; and (ii) the higher of
the price of the last independent trade of, and the highest current
independent bid for, a Share on the London Stock Exchange;
and
d) unless previously varied,
revoked or renewed by the Company in a general meeting, the
authority hereby conferred shall expire at the conclusion of the
Annual General Meeting of the Company to be held in respect of the
year ending 30 April 2025, save that the Company may, prior to such
expiry, enter into a contract to purchase Shares under such
authority which will or may be executed wholly or partly after the
expiration of such authority and may make a purchase of Shares
pursuant to any such contract.
Resolutions 1 to 15 were passed on a poll. A breakdown of
the votes registered is shown below:
|
Resolution
|
Votes for (including
votes at the discretion of the Chairman)
|
%
|
Votes
Against
|
%
|
Votes
Withheld
|
|
Ordinary
Resolutions
|
|
1
|
70,473,843
|
99.98%
|
17,084
|
0.02%
|
14,300
|
|
2
|
70,320,338
|
99.82%
|
126,253
|
0.18%
|
58,636
|
|
3
|
70,457,571
|
99.98%
|
16,320
|
0.02%
|
31,336
|
|
4
|
60,741,167
|
92.56%
|
4,878,891
|
7.44%
|
4,885,169
|
|
5
|
70,386,171
|
99.92%
|
59,359
|
0.08%
|
56,697
|
|
6
|
70,369,486
|
99.89%
|
75,734
|
0.11%
|
60,007
|
|
7
|
70,348,576
|
99.87%
|
93,443
|
0.13%
|
60,208
|
|
8
|
70,358,877
|
99.88%
|
82,240
|
0.12%
|
61,110
|
|
9
|
70,378,010
|
99.92%
|
56,677
|
0.08%
|
67,540
|
|
10
|
64,444,620
|
99.88%
|
76,080
|
0.12%
|
5,981,527
|
|
11
|
70,424,957
|
99.92%
|
55,341
|
0.08%
|
24,929
|
|
12
|
70,450,674
|
99.96%
|
31,309
|
0.04%
|
23,244
|
|
13
|
70,428,822
|
99.91%
|
60,495
|
0.09%
|
15,910
|
|
Special
Resolutions
|
|
|
|
14
|
70,352,375
|
99.83%
|
117,746
|
0.17%
|
32,106
|
|
15
|
68,447,730
|
97.09%
|
2,049,207
|
2.91%
|
8,290
|
Baillie Gifford & Co
Limited
Company Secretaries
10 September
2024
Regulated Information Classification:
Additional regulated information required to be disclosed
under applicable laws