30 Jul 2020 17:24
GABELLI VALUE PLUS+ TRUST PLC ("the Company")
Legal Entity Identifier: 213800FZFN1SD1GNNZ11
Results of Annual General MeetingFollowing the Annual General Meeting (the "AGM") which was held today, 30 July 2020, the Company announces that all resolutions set out in the Notice of Annual General Meeting dated 26 June 2019 were duly passed on a poll, with the exception of resolutions 10 and 12.
The full text of each resolution can be found in the Annual Report and Accounts for the year ended 31 March 2020, which is available at www.gabelli.co.uk
In accordance with listing rule 9.6.2 a copy of the resolutions has been submitted to the National Storage Mechanism, and will shortly be available for inspection at:
www.morningstar.co.uk/uk/NSMThe poll results for and against each resolution and the number of votes withheld, were as follows:
VotesFor | % (of votes cast excl. withheld) | VotesAgainst | % (of votes cast excl. withheld) | Total | VotesWithheld | |
Resolution 1 | 82,196,491 | 100.00 | 961 | 0.00 | 82,197,452 | 515,550 |
Resolution 2 | 82,196,491 | 100.00 | 961 | 0.00 | 82,197,452 | 515,550 |
Resolution 3 | 82,196,491 | 100.00 | 961 | 0.00 | 82,197,452 | 515,550 |
Resolution 4 | 54,566,798 | 99.63 | 204,553 | 0.37 | 54,771,351 | 27,941,651 |
Resolution 5 | 75,695,854 | 92.12 | 6,476,508 | 7.88 | 82,172,362 | 540,640 |
Resolution 6 | 49,382,105 | 90.16 | 5,389,246 | 9.84 | 54,771,351 | 27,941,651 |
Resolution 7 | 82,196,491 | 100.00 | 961 | 0.00 | 82,197,452 | 515,550 |
Resolution 8 | 82,196,491 | 100.00 | 961 | 0.00 | 82,197,452 | 515,550 |
Resolution 9 | 81,068,491 | 98.63 | 1,128,961 | 1.37 | 82,197,452 | 515,550 |
Resolution 10 | 53,642,390 | 65.26 | 28,555,062 | 34.74 | 82,197,452 | 515,550 |
Resolution 11 | 82,196,491 | 100.00 | 961 | 0.00 | 82,197,452 | 515,550 |
Resolution 12 | 31,429,010 | 34.31 | 60,183,317 | 65.59 | 91,612,327 | 154 |
Resolution 12 required over 50% of all votes cast to be in favour of continuation for it to be approved. Given that this continuation resolution has not been passed, the Board of Directors of the Company is required to put forward to shareholders plans to wind-up, reorganise or reconstruct the Company. A further announcement will be made in due course. Accordingly the Company will today, in accordance with the terms of the investment management agreement between the Company and Gabelli Funds, LLC, the Company's discretionary investment manager, serve 24 months' protective notice on Gabelli Funds, LLC.
For further information please contact:
Maitland Administration Services Limited
Email: cosec@maitlandgroup.co.uk
Phone: +44 (0) 1245 398950
Peel Hunt LLP
Luke Simpson / Liz Yong, Corporate Broking
Telephone: +44 20 7418 8900