Gresham House Strategic PLC Result of AGM (0333N)
September 19 2019 - 11:59AM
UK Regulatory
TIDMGHS
RNS Number : 0333N
Gresham House Strategic PLC
19 September 2019
19 September 2019
GRESHAM HOUSE STRATEGIC PLC
(The "Company")
Results of Annual General Meeting
The Company announces that at its Annual General Meeting ("AGM")
held earlier today, all the resolutions put to Shareholders were
passed by the requisite majority. Resolutions 1 to 8 were passed as
ordinary resolutions and Resolutions 9 and 10 were passed as
special resolutions. The results of the proxy votes received were
as follows:
Resolution For % Against %
Withheld
1. To receive
the annual report
and accounts for
the year ended
31 March 2019. 1,619,754 78.97 431,470 21.03 8
--------- ----- ------- ----- ----------
2. Declare a final
dividend of 11.1p
per share. 1,619,757 78.97 431,474 21.03 1
--------- ----- ------- ----- ----------
3. To re-elect
Charles Berry
as a director. 1,418,955 76.67 431,741 23.33 200,536
--------- ----- ------- ----- ----------
4. To re-elect
Ken Lever as a
director. 1,619,472 78.95 431,745 21.05 15
--------- ----- ------- ----- ----------
5. To re-elect
David Potter as
a director. 1,619,743 78.96 431,477 21.04 12
--------- ----- ------- ----- ----------
6. To re-elect
Helen Sinclair
as a director. 1,619,721 78.96 431,483 21.04 28
--------- ----- ------- ----- ----------
7. To re-appoint
BDO (UK) LLP as
auditor and authorise
the determination
of their fees. 1,619,744 78.96 431,485 21.04 3
--------- ----- ------- ----- ----------
8. To authorise
the Directors
to allot shares. 1,619,724 78.96 431,497 21.04 11
--------- ----- ------- ----- ----------
9. To authorise
the Directors
to disapply pre-emption
rights. 1,619,027 78.93 432,161 21.07 44
--------- ----- ------- ----- ----------
10. To authorise
the Company to
purchase its own
shares. 1,619,698 78.96 431,496 21.04 38
--------- ----- ------- ----- ----------
The Board has noted that the votes cast against all resolutions
were slightly greater than 20% of those exercised in total by the
Company's shareholders. The vast majority of these shares, however,
were voted by only one institution. The Board engages with that
shareholder on an ongoing basis (as it does with others) and
reflects carefully upon the feedback received. While disappointed,
the Board recognises the reasons behind the voting stance taken and
will continue to engage with that shareholder, and others, during
the coming year.
Notes:
1. Any proxy appointments giving discretion to the Chairman of
the Meeting have been included in the "For" total.
2. Votes "For" and "Against" any resolution are expressed as a
percentage (rounded to two decimal places) of votes validly cast
for that resolution.
3. A vote "Withheld" is not a vote in law and is not counted in
the calculation of the votes "For" or "Against" a resolution.
4. The Company's total ordinary shares in issue (total voting
rights) as at 19 September 2019 was 3, 555,330 ordinary shares of
50 pence each. Ordinary shareholders are entitled to one vote per
ordinary share held.
For further information please contact:
Gresham House Strategic
plc David Potter 07711 450 391
Gresham House Asset
Management Ltd
Investment Manager Graham Bird 0203 837 6270
finnCap Ltd
Nominated Adviser Matt Goode / William
and Broker Marle 0207 220 0500
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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