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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June 23, 2020 08:09 ET (12:09 GMT)