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26 July 2021
GRESHAM HOUSE STRATEGIC PLC
(The "Company")
Results of Annual General Meeting
The Company announces that at its Annual General Meeting ("AGM") held earlier today, all the resolutions put to Shareholders were passed by the requisite majority. Resolutions 1 to 8 and 11 were passed as ordinary resolutions and Resolutions 9 and 10 were passed as special resolutions.
Further to the announcement made by the company on 24 May 2021, a strategic review is underway, and the company has appointed Smith Square Partners to support the process. Shareholders will be updated in due course on the output of this review.
In addition, following David Potter's resignation, the Board is working to appoint a new Chairman Designate. Initial interviews have been held and the Board expects to be able to update on the proposed appointment by September.
The results of the proxy votes received were as follows:
|
Resolution
|
For |
% |
Against |
% |
Withheld |
|
1. To receive the annual report and accounts for the year ended 31 March 2021.
|
1,630,001 |
100 |
0 |
0 |
0 |
|
2. Declare a final dividend of 15.36p per share.
|
1,630,001 |
100 |
0 |
0 |
0 |
|
3. To re-elect Charles Berry as a director.
|
1,393,093 |
98.70 |
18,380 |
1.30 |
218,528 |
|
4. To re-elect Ken Lever as a director.
|
1,628,900 |
99.99 |
101 |
0.01 |
1,000 |
|
5. To re-elect Helen Sinclair as a director.
|
1,628,992 |
99.99 |
9 |
0.01 |
1,000 |
|
6. To elect Graham Bird as a director.
|
1,388,457 |
98.37 |
23,016 |
1.63 |
218,528 |
|
7. To re-appoint BDO (UK) LLP as auditor and authorise the determination of their fees.
|
1,628,996 |
99.99 |
5 |
0.01 |
1,000 |
|
8. To authorise the Directors to allot shares.
|
1,629,425 |
99.96 |
576 |
0.04 |
0 |
|
9. To authorise the Directors to disapply pre-emption rights.
|
1,624,783 |
99.68 |
5,218 |
0.32 |
0 |
|
10. To authorise the Company to purchase its own shares.
|
1,630,001 |
100 |
0 |
0 |
0 |
|
11. Directors to not allot any equity securities at a price less than net asset value per share. |
1,629,999 |
99.99 |
2 |
0.01 |
0 |
Notes:
1. Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" total.
2. Votes "For" and "Against" any resolution are expressed as a percentage (rounded to two decimal places) of votes validly cast for that resolution.
3. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
4. The Company's total ordinary shares in issue (total voting rights) as at 26 July 2021 was 3,480,884 ordinary shares of 50 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.
For further information, please contact:
|
Gresham House Strategic plc Interim Chairman
|
Helen Sinclair
|
020 3995 6699 |
|
Gresham House Asset Management Ltd Fund Managers
|
Laurence Hulse Anthony Dalwood
|
020 3837 6278 020 3837 6278 |
|
finnCap Nominated Adviser Joint Broker |
William Marle Mark Whitfield
|
0207 220 0500 0207 220 0500 |
|
Panmure Gordon (UK) Limited Joint Broker |
Tom Scrivens Michael Bateman
|
020 7886 2500 |
|
KL Communications PR
|
Charles Gorman Will Sanderson Millie Steyn |
020 3995 6699
|
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