Mercantile

Result of AGM
RNS Number : 3331Z
Mercantile Investment Trust(The)PLC
20 May 2021
 

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

THE MERCANTILE INVESTMENT TRUST PLC

 

RESULT OF POLL AT ANNUAL GENERAL MEETING

 

 

Legal Entity Identifier: 549300BGX3CJIHLP2H42

Information disclosed in accordance with LR 9.6.18

 

Following the Annual General Meeting of the Company, which was held today, the Board is pleased to announce that all of the Ordinary Resolutions put to shareholders were voted on by poll and passed. In addition, the following items of special business were voted on by poll and passed which:

 

i)          allow the Directors of the Company to exercise all powers of the Company to allot shares in the Company up to an aggregate nominal amount of £989,403 representing approximately 5% of the Company's issued ordinary share capital as at the date of the passing of the resolution;

 

ii)         allow the disapplication of pre-emption rights on the allotment of new ordinary shares up to an aggregate nominal amount of £989,403;

 

iii)      allow the Company to make market purchases of up 14.99% of the Company's issued share capital; and

 

iv)    approved the Company's dividend policy to continue to pay four quarterly interim dividends.

 

v)         will allow the adoption of new Articles of Association of the Company.

 

The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Financial Statements which is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and from the Company's website, www.mercantileit.co.uk 

A summary of proxy votes received and the poll results will shortly be available on the Company's website, www.mercantileit.co.uk

 

20th May 2021

 

 

For further information, please contact:

 

Alison Vincent

For and on behalf of

JPMorgan Funds Limited - Company Secretary

020 7742 4000

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGURAORAOUVUAR