Last checked at 
27 Feb 2020 07:00
27 February 2020
ABERDEEN DIVERSIFIED INCOME AND GROWTH TRUST PLC ("the Company")
Result of Annual General Meeting
At the Annual General Meeting ("AGM") of Aberdeen Diversified Income and Growth Trust plc ("the Company") held on 26 February 2020, all resolutions, as set out in the Notice of AGM (the "2020 AGM Notice") included in the Annual Report for the year ended 30 September 2019 ("the 2020 Annual Report") published on 22 January 2020, were passed. A copy of the 2020 AGM Notice is available at www.aberdeendiversified.co.uk.
In relation to Resolutions 13 and 14 (Authority to Allot Shares or Sell Shares from Treasury and Authority to Allot Shares or Sell Shares from Treasury without Pre-emption), the relevant figure is 32,016,623 Ordinary shares, being 10% of the Ordinary shares in issue, excluding treasury shares, at the date of passing of Resolutions 13 and 14 at the AGM.
In relation to Resolution 15 (Authority to Make Market Purchases of Ordinary shares), the relevant figure is 47,992,919 Ordinary shares, being 14.99% of the Ordinary shares in issue, excluding treasury shares, at the date of passing of Resolution 15 at the AGM.
Changes to the Board
As set out in the 2019 Annual Report, James Long retired as Chairman and as a Director of the Company at the conclusion of the AGM. James is succeeded as Chairman by Davina Walter, who also stepped down from membership of the Audit Committee. Julian Sinclair is appointed Senior Independent Director in succession to Davina Walter.
The total number of proxy votes lodged in favour of the Chairman was as follows:
Resolution | All Ordinary resolutions unless marked otherwise | For and Discretionary | Against | Votes | Total Votes | ||
Number | No. of | % of | No. of | % of | Withheld | (excluding Votes Withheld) | |
Votes | Votes Cast | Votes | Votes Cast | ||||
1 | Receive and adopt the Directors' Report and audited financial statements for the year ended 30 September 2019 | 74,069,555 | 100.0 | 12,209 | 0.0 | 75,897 | 74,081,764 |
2 | Receive and adopt the Directors' Remuneration Report for the year ended 30 September 2019 (other than the Directors' Remuneration Policy) | 72,934,701 | 98.9 | 790,707 | 1.1 | 428,255 | 73,725,408 |
3 | Receive and adopt the Directors' Remuneration Policy for the three year period ended 30 September 2022 | 72,871,959 | 99.1 | 692,446 | 0.9 | 593,256 | 73,564,405 |
4 | That Shareholders approve the Company's dividend policy to continue to pay four quarterly interim dividends per year | 74,084,231 | 99.9 | 53,781 | 0.1 | 18,742 | 74,138,012 |
5 | Elect Trevor Bradley as a Director | 73,435,744 | 99.5 | 341,568 | 0.5 | 380,351 | 73,777,312 |
6 | Elect Anna Troup as a Director | 73,417,805 | 99.6 | 288,445 | 0.4 | 451,411 | 73,706,250 |
7 | Re-elect Tom Challenor as a Director | 73,308,696 | 99.4 | 428,954 | 0.6 | 413,349 | 73,737,650 |
8 | Re-elect Julian Sinclair as a Director | 73,247,877 | 99.3 | 501,236 | 0.7 | 408,549 | 73,749,113 |
9 | Re-elect Davina Walter as a Director | 73,285,403 | 99.4 | 457,179 | 0.6 | 415,080 | 73,742,582 |
10 | Appoint PricewaterhouseCoopers LLP as auditor of the Company | 73,632,235 | 99.6 | 328,078 | 0.4 | 197,349 | 73,960,313 |
11 | Authority to fix the auditor's remuneration | 73,859,773 | 99.8 | 164,843 | 0.2 | 133,046 | 74,024,616 |
12 | Approve the continuance of the Company as an investment trust | 73,786,315 | 99.7 | 188,110 | 0.3 | 183,238 | 73,974,425 |
13 | Authority to allot shares | 73,661,660 | 99.6 | 260,478 | 0.4 | 235,524 | 73,922,138 |
14 | Authority to allot shares without pre-emption (Special resolution) | 73,269,827 | 99.3 | 519,880 | 0.7 | 367,955 | 73,789,707 |
15 | Approve share buybacks (Special resolution) | 73,632,934 | 99.7 | 208,689 | 0.3 | 316,039 | 73,841,623 |
16 | Hold meetings on less than 14 days' notice (Special resolution) | 71,796,176 | 97.0 | 2,202,363 | 3.0 | 159,122 | 73,998,539 |
Passing of Special Resolutions
Copies of Special Resolutions 14, 15 and 16 passed at the AGM will shortly be submitted to the National Storage Mechanism ("NSM") and will be available for inspection at: www.morningstar.co.uk/uk/nsm*
*Neither the NSM website nor the Company's 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:
Aberdeen Asset Management PLC
Secretaries
Tel. 0131 372 2200