North Atlantic Smlr Co Inv Tst PLC AGM Statement (8227Q)
June 23 2020 - 8:09AM
UK Regulatory
TIDMNAS
RNS Number : 8227Q
North Atlantic Smlr Co Inv Tst PLC
23 June 2020
North Atlantic Smaller Companies Investment Trust PLC (the
"Company")
Result of Annual General Meeting
The Company announces that at the Annual General Meeting (the
"Meeting") of the Company held today (23 June 2020), all of the
resolutions, as set out in full in the notice of the Meeting dated
22 May 2020 (the "Notice"), including the waiver of the
requirements of Rule 9 of the City Code on Takeovers and Mergers in
connection with the Company's ability to buy back its own shares
(Resolution 15), were duly passed as below.
Resolutions 1 to 11 were passed by way of show of hands and
Resolutions 12-15 were passed by way of polls using the proxy
votes.
Proxy votes received
Resolution For Against Votes Withheld
1 7,995,134 0 0
2 7,992,143 1,309 1,682
3 7,995,134 0 0
4 7,523,582 469,492 2,059
5 6,475,345 1,248,164 271,624
6 7,993,075 0 2,059
7 7,992,875 1,177 1,082
8 7,992,775 1,177 1,182
9 7,994,052 1,000 82
10 7,995,052 0 82
11 7,972,541 21,534 1,059
12 7,987,040 5,430 2,664
13 7,992,286 289 2,559
14 7,937,683 57,451 0
15* 2,631,942 1,271,527 4,091,664
* Resolution 15 was put to the Meeting as a resolution of the
independent shareholders of the Company. As a result, 10,038,260 of
the ordinary shares in issue were eligible to vote on this
resolution, these shares not being held by the Concert Party (as
defined in the Notice). The waiver of Rule 9 granted by Resolution
15 permits the Concert Party's interest in the Company's shares to
increase from 29.11% to a maximum of 32.34% (in each case
representing 4,121,740 ordinary shares) as a result of the share
buyback authorised by Resolution 13 without requiring the Concert
Party to make a mandatory offer for the other shareholders' shares.
The results of the poll vote on this Resolution 15 were 2,631,942
votes for, 1,271,527 against, 4,091,664 abstentions, therefore with
67.43% in favour of the resolution.
Contact:
Jane Muir
For Derringtons Limited
Company Secretary
020 8819 6486
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END
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