Last checked at 29 Sep 2023 11:00
To: RNS
Date: 29 September 2023
Company: CT Global Managed Portfolio Trust PLC
LEI: 213800ZA6TW45NM9YY31
Subject: Result of Annual General Meeting
CT Global Managed Portfolio Trust PLC (the "Company") announces that, at the Annual General Meeting held on 28 September 2023, a poll was held on each of the resolutions and all 15 resolutions proposed were duly passed, including those detailed below:
· An ordinary resolution authorising the Directors' to allot new Income shares up to an aggregate nominal amount of £649,295.10 (consisting of 10,091,000 Income shares) and new Growth shares up to an aggregate nominal amount of £483,673.70 (consisting of 7,517,000 Growth shares), being approximately 20% of the Company's total issued Income shares and approximately 20% of the Company's total issued Growth shares respectively (excluding shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier, unless previously revoked, varied or extended by the Company in general meeting.
· A special resolution authorising the Directors' to allot new Income shares, or resell Income shares held in treasury, up to an aggregate nominal amount of £324,647.55 (consisting of 5,045,500 Income shares) and allot new Growth shares or resell Growth shares held in treasury, up to an aggregate nominal amount of £241,836.85 (consisting of 3,758,500 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 9.7% of the Company's total issued Growth shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.
· A special resolution providing the Directors' with additional authority to allot further new Income shares or resell Income shares held in treasury up to an aggregate nominal amount of £324,647.55 (consisting of 5,045,500 Income shares) and allot further new Growth shares or resell Growth shares held in treasury, up to an aggregate nominal amount of £241,836.85 (consisting of 3,758,500 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 9.7% of the Company's total issued Growth shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.
· A special resolution renewing the Directors' authority to make market purchases of up to 7,563,000 Income shares and 5,587,200 Growth shares being approximately 14.99% of the issued Income shares and 14.99% of the issued Growth shares (excluding Income shares and Growth shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting or on 28 December 2024, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.
· A special resolution to approve the proposed Purchase Contract to enable the Company to make off-market purchases of its own deferred shares.
· An ordinary resolution approving the continuation of the Company.
The results of the poll were as follows:
For and Discretionary | Against | Withheld | Total Votes (excluding Votes Withheld) | ||||
Resolution | No of Votes | % of Votes Cast | No of Votes | % of Votes Cast | No of Votes | ||
1 | Receive & adopt Annual Report & Financial Statements for the year to 31 May 2023 | 37,522,513 | 100.0% | 7,734 | 0.0% | 1,876,216 | 37,530,247 |
2 | Approve Directors' Remuneration Policy | 31,929,124 | 93.2% | 2,338,454 | 6.8% | 5,138,885 | 34,267,578 |
3 | Approve Directors' Remuneration Report for the year to 31 May 2023 | 32,012,853 | 93.3% | 2,309,043 | 6.7% | 5,084,567 | 34,321,896 |
4 | To re-elect Shauna L. Bevan as a Director | 34,067,936 | 95.5% | 1,596,813 | 4.5% | 3,741,714 | 35,664,749 |
5 | To re-elect Sue P. Inglis as a Director | 34,171,951 | 95.5% | 1,596,986 | 4.5% | 3,637,526 | 35,768,937 |
6 | To re-elect Simon M. Longfellow as a Director | 34,296,112 | 95.9% | 1,472,191 | 4.1% | 3,638,160 | 35,768,303 |
7 | To re-elect David Warnock as a Director | 34,472,951 | 96.5% | 1,264,882 | 3.5% | 3,668,630 | 35,737,833 |
8 | To re-appoint BDO LLP as Auditor and authority to determine its remuneration | 35,132,921 | 96.0% | 1,463,187 | 4.0% | 2,810,355 | 36,596,108 |
9 | Approval of the Company's dividend policy | 37,219,524 | 99.9% | 32,604 | 0.1% | 2,154,335 | 37,252,128 |
10 | Authorise the Directors to allot shares | 36,703,338 | 99.2% | 280,320 | 0.8% | 2,422,805 | 36,983,658 |
11 | Power to allot shares and sell treasury shares without pre-emption rights | 33,627,174 | 94.9% | 1,806,963 | 5.1% | 3,972,326 | 35,434,137 |
12 | Additional power to allot shares and sell treasury shares without pre-emption rights | 32,363,221 | 92.8% | 2,512,294 | 7.2% | 4,530,947 | 34,875,515 |
13 | Authority to buy back own shares | 35,985,040 | 98.7% | 471,192 | 1.3% | 2,950,231 | 36,456,232 |
14 | Approval of Proposed purchase contract | 33,621,257 | 96.5% | 1,210,903 | 3.5% | 4,574,303 | 34,832,160 |
15 | That the continuation of the Company be approved | 36,422,512 | 99.9% | 24,853 | 0.1% | 2,959,098 | 36,447,365 |
The full text of all the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Financial Statements for the year ended 31 May 2023 which is available for viewing at the FCA's National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website www.ctglobalmanagedportfolio.co.uk
Under the Articles of Association, at a general meeting on a poll, each Income shareholder and each Growth shareholder is entitled to a weighted vote determined in accordance with the underlying NAV of the relevant share class. The related share voting numbers for this meeting were 1.16 and 2.33 for the Income shares and Growth shares respectively.
At the time for the meeting the Company's issued share capital consisted of 50,455,503 Income shares and 37,387,949 Growth shares with voting rights. Based on the share voting numbers determined for this meeting, the total voting rights applicable to the poll on the above resolutions were 145,642,304.
For further information please contact:
Columbia Threadneedle Investment Business Limited
Company Secretary
Telephone: 0131 573 8316