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5 Mar 2024 15:06
Aberforth Smaller Companies Trust Plc - Result of AGMAberforth Smaller Companies Trust Plc - Result of AGM
PR Newswire
LONDON, United Kingdom, March 05
Aberforth Smaller Companies Trust plc
Annual General Meeting held on 5 March 2024
The Board of Aberforth Smaller Companies Trust plc hereby reports that all the resolutions proposed at the Annual General Meeting held on 5 March 2024 were passed by Shareholders on a poll.
The table below shows the results of the poll.
Resolution | Votes For | % Votes For | Votes Against | % Votes Against | Total Votes cast (excluding Votes Withheld) |
Votes Withheld |
1 That the Report and Financial Statements for the year ended 31 December 2023 be adopted. |
51,509,692 |
95.79% |
2,261,913 |
4.21% |
53,771,605 |
4,777
|
2 That the Directors’ Remuneration Report for the year ended 31 December 2023 be approved. |
53,726,304
|
99.96% |
22,271 |
0.04% |
53,748,575 |
27,807 |
3 That a final dividend of 28.55p per share and a special dividend of 9.00p per share be approved. |
53,772,348
|
100.00% |
394 |
0.00% |
53,772,742 |
3,640 |
4 That Richard Davidson be re-elected as a Director. | 53,398,026 | 99.33% | 361,679 | 0.67% | 53,759,705 | 16,677 |
5 That Jaz Bains be re-elected as a Director. | 53,750,293 | 99.99% | 4,973 | 0.01% | 53,755,266 | 21,116 |
6 That Patricia Dimond be re-elected as a Director. | 53,749,907 | 99.99% | 5,359 | 0.01% | 53,755,266 | 21,116 |
7 That Victoria Stewart be re-elected as a Director. | 53,750,720 | 99.99% | 4,546 | 0.01% | 53,755,266 | 21,116 |
8 That Martin Warner be re-elected as a Director. | 53,754,027 | 100.00% | 1,239 | 0.00% | 53,755,266 | 21,116 |
9 That Johnston Carmichael LLP be re-appointed as Independent Auditor of the Company to hold office until the conclusion of the next Annual General Meeting at which the Financial Statements are laid before the Company. |
53,744,673
|
99.98% |
13,161
|
0.02% |
53,757,834
|
18,548 |
10 That the Audit Committee be authorised to determine the remuneration of the Independent Auditor for the year to 31 December 2024. |
53,754,871 |
99.98% |
13,250 |
0.02% |
53,768,121 |
8,261 |
11 That the aggregate annual amount of fees that can be paid to the Directors of the Company shall, in accordance with Article 117, be increased to £250,000. |
53,700,098 |
99.88% |
65,381 |
0.12% |
53,765,479 |
10,903 |
12 That the Company be authorised to buy back Ordinary Shares. | 53,572,836 | 99.64% | 194,748 | 0.36% | 53,767,584 | 8,798 |
Notes
A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.Proxy appointments which gave discretion to the Chairman have been included as votes for the resolution.Resolutions 1 to 11 were ordinary resolutions and resolution 12 was a special resolution.The total votes cast represented 63.84% of the 84,234,605 Ordinary Shares in issue at 1 March 2024.
The full text of the resolutions can be found in the Notice of the Annual General Meeting contained in the 2023 Annual Report and Financial Statements which is on the website www.aberforth.co.uk. The report has been submitted to the National Storage Mechanism and is available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Contact
Michael Campbell, Aberforth Partners LLP, Secretaries
Telephone: 0131 220 0733
5 March 2024
