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Result of AGM
RNS Number : 6356Q
City of London Investment Trust PLC
28 October 2021
 

HENDERSON INVESTMENT FUNDS LIMITED

 

THE CITY OF LONDON INVESTMENT TRUST PLC

 

LEGAL ENTITY IDENTIFIER: 213800F3NOTF47H6AO55

 

28 October 2021

 

 

THE CITY OF LONDON INVESTMENT TRUST PLC

 

Annual General Meeting of the Company

held on Thursday, 28 October 2021

 

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 10: to approve the dividend payment policy of paying four quarterly interim dividends in each year;

 

-    Resolution 11: to authorise the Directors to allot ordinary shares up to to 10% of the issued ordinary share capital;

 

-    Resolution 12: 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 13: to authorise the Company to make market purchases of the Company's ordinary shares;

 

-    Resolution 14: to authorise the Company to make market purchases of the Company's preferred stock; and 

 

-    Resolution 15: to hold general meetings other than an Annual General Meeting on not less than 14 clear days' notice.  

 

The full text of the resolutions can be found in the circular to shareholders dated 20 September 2021 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:

 

Resolutions

Votes for (including at Chairman's discretion)

%

Votes against

%

Total votes cast (excluding votes withheld)

Votes withheld

1 Annual Report and financial statements

6,156,474

99.97

1,764

0.03

6,158,238

28,471

2 Directors' Remuneration Report

6,084,862

99.20

49,322

0.80

6,134,184

52,524

3 Election of Ominder Dhillon

6,107,649

99.68

19,646

0.32

6,127,295

59,414

4 Re-election of Sir Laurie Magnus

6,116,658

99.70

18,634

0.30

6,135,292

51,416

5 Re-election of Mrs Clare Wardle

6,116,649

99.74

15,944

0.26

6,132,593

54,116

6 Re-election of Mr Robert Holmes

6,116,657

99.76

14,686

0.24

6,131,343

55,364

7 Re-election of Mrs Samantha Wren

6,095,859

99.44

34,399

0.56

6,130,258

56,450

8 Re-appointment of PricewaterhouseCoopers as auditors

6,096,061

99.25

45,782

0.75

6,141,843

44,866

9 Audit Committee to determine the auditors' remuneration

6,133,450

99.71

17,996

0.29

6,151,446

35,261

10 Approve the dividend payment policy

6,159,541

99.97

1,583

0.03

6,161,124

25,588

11 Authority to allot ordinary shares

6,137,106

99.69

19,085

0.31

6,156,191

30,515

12 Authority to disapply pre-emption rights on allotment or sale of ordinary shares*

6,093,433

99.20

49,245

0.80

6,142,678

43,723

13 Authority to make market purchases of ordinary shares*

6,143,091

99.81

11,403

0.19

6,154,494

32,215

14 Authority to make market purchases of preferred stock*

6,142,409

99.84

9,890

0.16

6,152,299

34,408

15 Authority to call a general meeting on 14 clear days' notice*

6,083,022

99.09

56,126

0.91

6,139,148

47,493

 

* Special resolution.

 

 

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

Fund Manager

The City of London Investment Trust plc

Tel: 020 7818 4367

 

Sally Porter

For and on behalf of Henderson Secretarial Services Limited

The City of London Investment Trust plc

Tel: 020 7818 2550

Laura Thomas

Investment Trust PR Manager

Janus Henderson Investors

Tel: 020 7818 2636 


 

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