TIDMVIN
RNS Number : 6939E
Value and Income Trust plc
05 July 2019
VALUE AND INCOME TRUST PLC
Result of Annual General Meeting
The Board announces that at the Annual General Meeting of Value
and Income Trust PLC, held at 12.30pm today, Friday, 5 July 2019,
at Condor House, 10 St. Paul's Churchyard, London EC4M 8AL,
Ordinary Resolutions numbered 1 to 9, inclusive, and Special
Resolutions numbered 10 to 12 inclusive, as set out in the Notice
of Meeting within the 2019 Annual Report, were passed on a show of
hands.
At the record date for the Annual General Meeting, being 3 July
2019, the total number of voting rights in the Company stood at
45,549,975 and the total number of shares in issue was 45,549,975.
In accordance with the provisions of E.2.2 of the UK Corporate
Governance Code, the Company advises that for the Annual General
Meeting, valid proxy appointments were made in respect of up to
6,392,394 shares.
In relation to Resolution 11 (authority to make market purchases
of Ordinary Shares either for cancellation or for holding in
treasury), 14.99% of the Company's issued Ordinary Share capital
equated to 6,827,941 Ordinary Shares as at the date of the passing
of the Resolution.
The numbers of proxy votes cast in respect of each Resolution
were as follows:
For and Chairman's Against Votes Total Votes
Discretion
--------------------- -----------------------
Resolution No. of % of No. of % of Withheld (excluding
Votes Withheld)
Number Votes Votes Votes Votes Cast
Cast
============ ======= ========== =========== =========
1 6,374,376 99.77 14,569 0.23 9,216 6,388,945
----------- ------------ ------- ---------- ----------- --------- -----------------
2 6,322,523 99.58 26,806 0.42 48,832 6,349,329
----------- ------------ ------- ---------- ----------- --------- -----------------
3 6,392,394 100.00 0 0.00 5,767 6,392,394
----------- ------------ ------- ---------- ----------- --------- -----------------
4 4,849,480 75.94 1,536,164 24.06 12,517 6,385,644
----------- ------------ ------- ---------- ----------- --------- -----------------
5 4,949,784 77.51 1,435,859 22.49 12,517 6,385,643
----------- ------------ ------- ---------- ----------- --------- -----------------
6 5,285,396 82.94 1,087,074 17.06 25,690 6,372,470
----------- ------------ ------- ---------- ----------- --------- -----------------
7 6,349,256 99.56 27,779 0.44 21,125 6,377,035
----------- ------------ ------- ---------- ----------- --------- -----------------
8 6,368,219 99.70 19,329 0.30 10,612 6,387,548
----------- ------------ ------- ---------- ----------- --------- -----------------
9 6,373,196 99.77 14,948 0.23 10,017 6,388,144
----------- ------------ ------- ---------- ----------- --------- -----------------
10 5,438,184 85.73 905,349 14.27 54,627 6,343,533
----------- ------------ ------- ---------- ----------- --------- -----------------
11 6,301,596 98.91 69,483 1.09 27,082 6,371,079
----------- ------------ ------- ---------- ----------- --------- -----------------
12 6,130,543 95.94 259,750 4.06 7,868 6,390,293
----------- ------------ ------- ---------- ----------- --------- -----------------
The Board notes that Resolutions 4, 5 and 6, being Ordinary
Resolutions relating to the re-appointment of Mr Ferguson, Mr Kay
and Mr Smith, were all duly passed but recognises that a
significant minority of the votes cast were against these
Resolutions. It is intended that the Board will give this due
consideration in its future deliberations.
Copies of Resolutions 9, 10, 11 and 12, all of which were passed
at the AGM, have been submitted to the National Storage Mechanism
("NSM") and will shortly be available for inspection at:
http://www.morningstar.co.uk/uk/NSM*.
A copy of the 2019 Annual Report may be downloaded from the
websites of the Company's Investment Managers at www.olim.co.uk and
www.olimproperty.co.uk*.
*Neither the websites of the Company's Investment Managers, nor
the NSM website, nor the content of any website accessible from
hyperlinks on those websites (or any other website) is (or is
deemed to be) incorporated into, or forms (or is deemed to form)
part of this announcement.
Enquiries:
Miranda Kelly
Maven Capital Partners UK LLP
Company Secretary
Tel: 0141 206 0124
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contact rns@lseg.com or visit www.rns.com.
END
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