TIDMBMPG
RNS Number : 0602A
BMO Managed Portfolio Trust PLC
24 September 2020
To: RNS
Date: 24 September 2020
Company: BMO Managed Portfolio Trust PLC
LEI: 213800ZA6TW45NM9YY31
Subject: Result of Annual General Meeting
BMO Managed Portfolio Trust PLC (the "Company") announces that,
at the Annual General Meeting held on 24 September 2020, all 15
resolutions proposed were duly passed, including those detailed
below:
-- An ordinary resolution authorising the Directors' to allot
new Income shares up to an aggregate nominal amount of
GBP890,590.90 (consisting of 9,377,000 Income shares) and new
Growth shares up to an aggregate nominal amount of GBP684,492.76
(consisting of 7,207,000 Growth shares), being approximately 20% of
the Company's total issued Income shares and approximately 20% of
the Company's total issued Growth shares respectively (excluding
shares held in treasury). This authority will expire at the
conclusion of the Company's next Annual General Meeting to be held
after the passing of this resolution or on the expiry of 15 months
from the passing of this resolution, whichever is earlier, unless
previously revoked, varied or extended by the Company in general
meeting.
-- A special resolution authorising the Directors' to allot new
Income shares, or resell Income shares held in treasury, up to an
aggregate nominal amount of GBP445,295.45 (consisting of 4,688,500
Income shares) and allot new Growth shares or resell Growth shares
held in treasury, up to an aggregate nominal amount of
GBP342,246.38 (consisting of 3,603,500 Growth shares) being
approximately 10% of the Company's total issued Income shares and
approximately 10% of the Company's total issued Growth shares
respectively (including shares held in treasury) for cash without
first offering such shares to existing shareholders pro rata to
their existing holdings. This authority will expire at the
conclusion of the Company's next Annual General Meeting to be held
after the passing of this resolution or on the expiry of 15 months
from the passing of this resolution, whichever is earlier unless
previously varied, revoked or renewed by the Company in general
meeting.
-- A special resolution providing the Directors' with additional
authority to allot further new Income shares or resell Income
shares held in treasury up to an aggregate nominal amount of
GBP445,295.45 (consisting of 4,688,500 Income shares) and allot
further new Growth shares or resell Growth shares held in treasury,
up to an aggregate nominal amount of GBP342,246.38 (consisting of
3,603,500 Growth shares) being approximately 10% of the Company's
total issued Income shares and approximately 10% of the Company's
total issued Growth shares respectively (including shares held in
treasury) for cash without first offering such shares to existing
shareholders pro rata to their existing holdings. This authority
will expire at the conclusion of the Company's next Annual General
Meeting to be held after the passing of this resolution or on the
expiry of 15 months from the passing of this resolution, whichever
is earlier unless previously varied, revoked or renewed by the
Company in general meeting.
-- A special resolution renewing the Directors' authority to
make market purchases of up to 7,028,000 Income shares and
5,402,000 Growth shares being approximately 14.99% of the issued
Income shares and 14.99% of the issued Growth shares (excluding
Income shares and Growth shares held in treasury). This authority
will expire at the conclusion of the Company's next Annual General
Meeting or on 24 December 2021, whichever is the earlier, unless
previously varied, revoked or renewed by the Company in general
meeting.
-- A special resolution to approve the proposed Purchase
Contract to enable the Company to make off-market purchases of its
own deferred shares.
-- A special resolution to adopt new Articles of Association
The results of the poll were as follows:
For and Discretionary Against Withheld Total Votes
(excluding
Votes Withheld)
Resolution No of % of No of % of No of
Votes Votes Votes Votes Votes
Cast Cast
------------------------- -------------- -------- ---------- ------- ---------- -----------------
Receive Annual
Report & Financial
Statements for
the year to 31
1 May 2020 38,169,237 99.9% 22,389 0.1% 1,218,200 38,191,626
------------------------- -------------- -------- ---------- ------- ---------- -----------------
Approve Directors'
Remuneration
2 Policy 33,971,471 95.0% 1,796,833 5.0% 3,641,519 35,768,304
------------------------- -------------- -------- ---------- ------- ---------- -----------------
Approve Directors'
Remuneration
Report for the
year to 31 May
3 2020 34,199,608 94.8% 1,884,891 5.2% 3,325,326 36,084,499
------------------------- -------------- -------- ---------- ------- ---------- -----------------
To re-elect David
4 Harris as a Director 37,239,099 98.6% 513,994 1.4% 1,656,732 37,753,093
------------------------- -------------- -------- ---------- ------- ---------- -----------------
To re-elect Susan
P. Inglis as
5 a Director 36,998,110 97.9% 801,860 2.1% 1,609,854 37,799,970
------------------------- -------------- -------- ---------- ------- ---------- -----------------
To re-elect Colin
S. McGill as
6 a Director 37,120,681 98.3% 636,191 1.7% 1,652,954 37,756,872
------------------------- -------------- -------- ---------- ------- ---------- -----------------
To re-elect David
Warnock as a
7 Director 36,899,896 97.9% 775,424 2.1% 1,734,507 37,675,320
------------------------- -------------- -------- ---------- ------- ---------- -----------------
To re-appoint
KPMG LLP as Auditor
and authority
to determine
8 its remuneration 36,017,729 96.3% 1,368,582 3.7% 2,023,515 37,386,311
------------------------- -------------- -------- ---------- ------- ---------- -----------------
Approval of the
Company's dividend
9 policy 37,520,521 99.8% 92,730 0.2% 1,796,572 37,613,251
------------------------- -------------- -------- ---------- ------- ---------- -----------------
Authorise the
Directors to
10 allot shares 37,313,838 99.4% 226,572 0.6% 1,869,415 37,540,410
------------------------- -------------- -------- ---------- ------- ---------- -----------------
Authorise the
Directors to
allot shares
and sell treasury
shares without
11 pre-emption rights 34,826,884 96.8% 1,140,774 3.2% 3,442,169 35,967,658
------------------------- -------------- -------- ---------- ------- ---------- -----------------
Authorise the
Directors to
allot additional
shares and sell
treasury shares
without pre-emption
12 rights 34,598,902 95.3% 1,696,933 4.7% 3,113,991 36,295,835
------------------------- -------------- -------- ---------- ------- ---------- -----------------
Authorise the
Company to purchase
13 own shares 36,815,972 98.2% 685,830 1.8% 1,908,020 37,501,802
------------------------- -------------- -------- ---------- ------- ---------- -----------------
Approval of Proposed
14 purchase contract 35,603,655 98.4% 583,483 1.6% 3,222,686 36,187,138
------------------------- -------------- -------- ---------- ------- ---------- -----------------
Approval of new
15 Articles of Association 35,630,984 96.7% 1,219,983 3.3% 2,558,859 36,850,967
------------------------- -------------- -------- ---------- ------- ---------- -----------------
The full text of all the resolutions can be found in the Notice
of Annual General Meeting set out in the Annual Report and
Financial Statements for the year ended 31 May 2020 which was
submitted to the National Storage Mechanism on 13 August 2020 and
is available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the
Company's website www.bmomanagedportfolio.com
A copy of the new articles of association adopted at the meeting
have been submitted to the National Storage Mechanism and will be
shortly available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Under the Articles of Association, on a poll each Income
shareholder and each Growth shareholder is entitled to a weighted
vote determined in accordance with the underlying NAV of the
relevant share class. The related share voting numbers for this
meeting were 1.18 and 2.20 for the Income shares and Growth shares
respectively.
At the time of the meeting the Company's issued share capital
consists of 46,885,537 Income shares and 36,113,210 Growth shares
with voting rights. Based on the share voting numbers determined
for this meeting, the total voting rights applicable to the poll on
the above resolutions were 134,773,996.
For further information please contact:
BMO Investment Business Limited
Company Secretary
Telephone: 0131 718 1010
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