North Atlantic Smlr Co Inv Tst PLC AGM Statement (3942D)
June 25 2019 - 10:17AM
UK Regulatory
TIDMNAS
RNS Number : 3942D
North Atlantic Smlr Co Inv Tst PLC
25 June 2019
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 (25 June 2019), all of the
resolutions, as set out in full in the notice of the Meeting dated
28 May 2019 (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 14 were passed by way of show of hands and
Resolution 15 was passed by way of a poll.
Proxy votes received
Resolution For Against Votes Withheld
1 8,192,015 5,399 80
2 8,165,447 31,967 80
3* 8,197,249 165 80
4 8,032,915 128,203 36,376
5 7,687,380 477,368 32,746
6 7,569,713 397,116 230,665
7 8,165,097 0 32,397
8 8,164,916 181 32,397
9 8,195,873 150 1,471
10 8,197,414 0 80
11 8,165,416 181 31,897
12 8,163,396 34,018 80
13 8,164,347 1,250 31,897
14 8,156,973 40,441 80
15** 2,860,117 1,448,431 4,025,495
* As previously announced, and as stated in the Notice, the
record date for the dividend will be 5pm on 31 October 2019 (note
this is not a Friday) and the payment date will be 21 November
2019.
** Resolution 15 was put to the Meeting as a resolution of the
independent shareholders of the Company. As a result, 10,303,880 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 28.07% to a maximum of 31.19% (in each case
representing 4,021,740 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 2,860,117
votes for, 1,448,431votes against, 4,025,495 abstentions, therefore
with 66.38% 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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