Last checked at 8 Mar 2022 15:18
BlackRock Income and Growth Investment Trust Plc - Result of AGMBlackRock Income and Growth Investment Trust Plc - Result of AGM
PR Newswire
London, March 8
BlackRock Income & Growth Investment Trust plc
(the Company)
(LEI: 5493003YBY59H9EJLJ16)
Results of AGM
Following the Annual General Meeting which was held today, we are pleased to announce that all resolutions put to shareholders were passed on a poll, including ordinary resolution 10 and special resolutions 11, 12 and 13 under special business of the Company:(Resolution 10) To grant the Directors’ authority to allot shares(Resolution 11) To authorise the Directors to disapply pre-emption rights in respect of issues of new shares or the sale of ordinary shares out of treasury.(Resolution 12) To authorise the Directors to purchase the Company’s ordinary shares for cancellation or to be held in treasury.
(Resolution 13) That the period of notice required for general meetings (other than Annual General Meetings) be not less than 14 clear days’ notice.Under listing rule 9.6.2 a copy of the resolutions has been submitted to the National Storage Mechanism, and will shortly be made available for inspection at:https://data.fca.org.uk/#/nsm/nationalstoragemechanismProxy votes received in respect of the resolutions were as follows:
| Votes for & Discretionary | (%) | Votes against | (%) | Abstain | |
| Resolution 1: | 4,604,637 | 100.00 | 0 | 0.00 | 5,405 |
| Resolution 2: | 4,588,787 | 99.85 | 7,099 | 0.15 | 14,156 |
| Resolution 3: | 4,610,042 | 100.00 | 0 | 0.00 | 0 |
| Resolution 4: | 4,592,625 | 100.00 | 19 | 0.00 | 17,398 |
| Resolution 5: | 4,592,625 | 100.00 | 19 | 0.00 | 17,398 |
| Resolution 6: | 4,588,625 | 99.91 | 4,019 | 0.09 | 17,398 |
| Resolution 7: | 4,588,625 | 99.91 | 4,019 | 0.09 | 17,398 |
| Resolution 8: | 4,600,831 | 99.92 | 3,806 | 0.08 | 5,405 |
| Resolution 9: | 4,603,610 | 99.98 | 1,027 | 0.02 | 5,405 |
| Resolution 10: | 4,600,637 | 99.91 | 4,000 | 0.09 | 5,405 |
| Resolution 11: | 4,590,400 | 99.71 | 13,270 | 0.29 | 6,372 |
| Resolution 12: | 4,599,000 | 99.91 | 4,000 | 0.09 | 7,042 |
| Resolution 13: | 4,597,563 | 99.85 | 6,823 | 0.15 | 5,656 |
Disclosure of Share Buy Back Authority Renewal
In accordance with the Commission Delegated Regulation (EU) 2016/1052 of 8.3.2016 (the Buy-back and Stabilisation RTS).BlackRock Income and Growth Investment Trust plc (the Company) is amending its disclosure policy to include on a regulatory information services (RIS) details of its share buyback authority which it renews annually. This authority was last renewed at the Company’s Annual General Meeting held on 8 March 2022 when a special resolution was approved by shareholders authorising the Company to make market purchases of its own shares of up to a maximum of 14.99% of the Company’s shares in issue (excluding any shares held in treasury). The Company has authority to repurchase a maximum of 3,190,364 of its ordinary shares (being the outstanding shareholder authority at the date of this announcement). Such authority lasts until the next shareholder authority granted, or where expressly revoked by shareholders. The share buybacks may be funded from the Company’s resources (including redemptions on funds the Company has invested in and debt facilities). No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares pursuant to the buy-back which would equate to a premium to the prevailing net asset value.The Company has appointed J.P. Morgan Securities plc to act as its broker in respect of the Company’s share buy-back programme.The share buy-backs will be undertaken pursuant the Company’s discount management programme.This arrangement is in accordance with Chapter 12 of the FCA Listing Rules and the Company’s general authority to repurchase shares.
8 March 2022
Enquiries:
Mr K MaygerFor and on behalf ofBlackRock Investment Management (UK) Limited, SecretaryTelephone: 020 7743 3000