WITAN INVESTMENT TRUST PLC
1 MAY 2024
Annual General Meeting Held On
Wednesday 1 May 2024
Witan Investment Trust plc (the
'Company') hereby gives notification that, at the Annual General
Meeting of the Company held on Wednesday, 1 May 2024, all the
resolutions, as set out in full in the notice of meeting dated 2
April 2024, were duly passed. The resolutions in respect of
special business were duly passed as follows:
1. That the dividend
policy of the Company be approved.
2. That the directors be
authorised to allot ordinary shares.
3. That the directors be
authorised to disapply pre-emption rights on the allotment or sale
from treasury of equity securities up to a nominal amount of
£3,042,188.
4. That the Company be
authorised to make market purchases of its own ordinary shares up
to a maximum of 91,204,814 ordinary shares, being 14.99% of the
ordinary shares of 5 pence each in issue.
5. That the Company be
authorised to make market purchases of its own preference shares up
to a maximum of 2,055,000 of the 3.4% cumulative preferences shares
and 500,000 of the 2.7% cumulative preference shares (being 100% of
the preference shares).
6. That any general
meeting of the Company (other than the Annual General Meeting) may
be called on not less than 14 clear days' notice.
The resolutions were all passed on a
show of hands.
A copy of the full text of the
resolutions in respect of special resolutions passed at the Annual
General Meeting will be lodged with the National Storage Mechanism
and will shortly be available for viewing at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The results of the proxy voting were
as follows:
Resol-ution
|
Description
|
Votes
For
|
Votes
Against
|
Votes
withheld
|
Total votes
cast
(excluding votes
withheld)
|
1
|
To receive the Annual Report for the
year ended 31 December 2023
|
112,919,913
|
80,377
|
94,319
|
113,000,290
|
2
|
To receive and approve the Directors'
Remuneration Report for the year ended 31 December 2023, other than
the part containing the Directors' Remuneration Policy
|
101,335,964
|
11,009,854
|
729,241
|
112,345,818
|
3
|
To amend the Company's Remuneration
Policy to provide for the deferred element of any bonus awarded 1
January 2024 by reference to the net asset value total return of
the Company's shares, subject to the existing provisions for malus
and clawback
|
100,993,051
|
11,098,738
|
983,543
|
112,091,789
|
4
|
To re-elect Mr A J Ross as a director
of the Company
|
109,134,470
|
3,242,979
|
717,160
|
112,377,449
|
5
|
To re-elect Mrs R A Beagles as a
director of the Company
|
111,946,229
|
713,742
|
434,638
|
112,659,971
|
6
|
To re-elect Mr A L C Bell as a
director of the Company
|
111,436,498
|
1,170,151
|
487,960
|
112,606,649
|
7
|
To re-elect Ms S L Bevan as a
director of the Company
|
111,641,517
|
759,425
|
693,667
|
112,400,942
|
8
|
To re-elect Mr J S Perry as a
director of the Company
|
111,956,566
|
664,609
|
473,434
|
112,621,175
|
9
|
To re-elect B C Rogoff as a director
of the Company
|
112,100,637
|
517,676
|
476,296
|
112,618,313
|
10
|
To re-elect P T Yates as a director
of the Company
|
98,016,361
|
14,583,087
|
495,161
|
112,599,448
|
11
|
To re-elect Dr S M Yogendra as a
director of the Company
|
104,201,580
|
567,728
|
8,326,301
|
104,769,308
|
12
|
To re-appoint Grant Thornton UK LLP
as Auditor of the Company
|
112,098,493
|
752,917
|
238,199
|
112,851,410
|
13
|
To authorise the Audit & Risk
Committee to determine the remuneration of the Auditor
|
112,544,517
|
326,870
|
224,222
|
112,871,387
|
14
|
To approve the dividend policy of the
Company
|
112,382,520
|
422,249
|
290,840
|
112,804,769
|
15
|
To authorise the directors to allot
ordinary shares
|
111,946,616
|
887,013
|
261,980
|
112,833,629
|
16
|
*To authorise the directors to allot
equity securities for cash and to sell shares held by the Company
as treasury shares on a non pre-emptive basis
|
111,416,294
|
1,121,337
|
557,978
|
112,537,631
|
17
|
*To authorise the Company to make
market purchases of its own ordinary shares
|
106,211,392
|
6,638,086
|
246,131
|
112,849,478
|
18
|
*To authorise the Company to make
market purchases of its own preference shares
|
111,170,620
|
1,551,710
|
373,279
|
112,722,330
|
19
|
*That any general meeting of the
Company other than the Annual General Meeting may be called on not
less than 14 clear days' notice
|
111,236,489
|
1,655,217
|
203,903
|
112,891,706
|
* Special Resolutions
The number of ordinary shares of 5p
each in issue as at 6.30 pm on Monday 29 April 2024, the closing
date for the receipt of proxies, was 608,702,720 (excluding
391,652,280 shares held in treasury). Each share has one
vote. A vote withheld is not counted towards the votes "For" or
"Against" a resolution.
-
ENDS -
For further information please
contact:
Andrew Bell
Chief Executive Officer
Witan Investment Trust plc
Telephone: 020 7227
9770