MNL Manchester & London Investment Trust Plc

 
TIDMMNL 
 
MANCHESTER AND LONDON INVESTMENT TRUST PLC 
 
                                (the "Company") 
 
  Proposals to grant authority to issue up to 40 million new Ordinary Shares, 
   amendments to Articles and investment policy and publication of circular 
 
The Proposals 
 
The Board of the Company announces that it has today published a circular (the 
"Circular") setting out the Board's proposals to seek Shareholder approval to 
grant authority to allot up to 40,000,000 new Ordinary Shares on a 
non-pre-emptive basis and to approve certain amendments to the Articles and the 
investment policy (the "Proposals"). 
 
The Proposals are subject to Shareholder approval and accordingly the Circular 
contains a notice convening a General Meeting of the Company to be held at 12a 
Princes Gate Mews, London SW7 2PS, United Kingdom on 2nd November 2020 at 12.15 
p.m. or, if later, immediately after the conclusion or adjournment of the 
annual general meeting of the Company to be held on the same day, at which the 
following resolutions will be put to Shareholders: 
 
        1. approve the adoption of the amended investment policy set out in 
Part 2 of the Circular ("Resolution 1"); 
 
       2. authorise the allotment of up to 40,000,000 new Ordinary Shares (" 
Resolution 2"); 
 
        3.  dis-apply statutory pre-emption rights otherwise applicable to the 
allotment of new Ordinary Shares pursuant to         Resolution 2 such that new 
Ordinary Shares do not first have to be offered to Shareholders in proportion 
to their holdings         of Ordinary Shares ("Resolution 3"); and 
 
        4. approve the amendment of the Articles of Association ("Resolution 4 
"). 
 
The background to, the reasons for and the Directors' recommendations for these 
Proposals are set out in the Circular which will shortly be available for 
download from the national storage mechanism: www.morningstar.co.uk/uk/NSM and 
from the Company's website: http://mlcapman.com/ 
manchester-london-investment-trust-plc/ 
 
Please note that as a result of the Covid-19 pandemic and the imposition of 
measures by the UK Government, physical attendance at the General Meeting will 
not be possible.  The General Meeting will take place with the minimum 
necessary quorum of two Shareholders, which will be facilitated by the Company 
in line with the UK Government's social distancing advice. Shareholders are 
strongly encouraged to vote in favour of the resolutions to be proposed at the 
General Meeting.  In light of Covid-19 and restrictions on attendance at the 
General Meeting, the Board encourages Shareholders to vote electronically and 
to appoint the Chairman of the meeting as their proxy with their voting 
instructions. 
 
Capitalised terms used in this announcement and not otherwise defined have the 
meanings given to them in the Circular. 
 
                              EXPECTED TIMETABLE 
 
                                                           2020 
 
Latest time and date for receipt of proxy appointments     12.15 p.m. on 31st October 
 
General Meeting                                            12.15 p.m. on 2nd November 
 
The above times and/or dates may be subject to change and, in the event of such 
change, the revised times and/or dates will be notified to Shareholders by an 
announcement through a Regulatory Information Service. 
 
All references to times are to London times. 
 
 
Enquiries: 
 
M&L Capital Management Limited (AIFM): 
+44 (0) 207 584 5733 
 
 
LEI: 213800HMBZXULR2EEO10 
 
 
 
END 
 

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