Last checked at 
27 Jan 2021 18:03
HENDERSON INVESTMENT FUNDS LIMITED
LOWLAND INVESTMENT COMPANY PLC
LEGAL ENTITY IDENTIFIER: 2138008RHG5363FEHV19
27 January 2021
LOWLAND INVESTMENT COMPANY PLC
Annual General Meeting held on 27 January 2021
Lowland Investment Company plc announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll. This included four Special Resolutions authorising:
- up to 10% of the share capital to be issued or sold out of treasury without first
offering them to existing shareholders in accordance with statutory
pre-emption procedures;
- market purchases of the Company's ordinary shares up to a maximum of 14.99% of the issued ordinary share capital (equivalent to 4,050,082 ordinary shares as at today's date) at the maximum price per share (exclusive of expenses) not exceeding the higher of:
i) 105% of the average middle market quotations for the five business days preceding the date of purchase; and
ii) the higher of the last independent bid and the highest current independent bid on the London Stock Exchange; and
- that a General Meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice.
- The adoption of new Articles of Association
The full text of all the resolutions can be found in the Notice of Meeting, copies of which are available for viewing at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
.
The poll results were as follows:
Resolutions | Votes for | % | Votes against | % | Total votes cast | Votes cast (excluding votes withheld) as a percentage of total voting rights | Votes withheld |
1. Annual Report and audited financial statements | 6,931,080 | 99.90 | 6,914 | 0.10 | 6,937,994 | 26 | 9,058 |
2. Directors' Remuneration Report | 6,868,429 | 99.64 | 24,518 | 0.36 | 6,892,947 | 26 | 54,105 |
3. Approve a final dividend of 15.0p per share | 6,940,108 | 99.99 | 819 | 0.01 | 6,940,927 | 26 | 6,125 |
4. To re-elect Robert Robertson as a Director | 6,889,989 | 99.57 | 29,548 | 0.43 | 6,919,537 | 26 | 27,514 |
5. To re-elect Duncan Budge as a Director | 6,883,290 | 99.49 | 35,038 | 0.51 | 6,918,328 | 26 | 28,724 |
6. To re-elect (Susan) Gaynor Coley as a Director | 6,893,452 | 99.58 | 29,000 | 0.42 | 6,922,452 | 26 | 24,600 |
7. To re-elect Karl Sternberg as a Director | 6,791,845 | 98.24 | 121,435 | 1.76 | 6,913,280 | 26 | 33,771 |
8. To re-elect Thomas Walker as a Director | 6,891,462 | 99.61 | 26,866 | 0.39 | 6,918,328 | 26 | 28,724 |
9. Re-appoint Ernst & Young LLP as statutory auditor | 6,882,025 | 99.42 | 40,313 | 0.58 | 6,922,338 | 26 | 24,714 |
10. Authorise Directors to determine the remuneration of the statutory auditor | 6,910,819 | 99.85 | 10,191 | 0.15 | 6,921,010 | 26 | 26,042 |
11. Authority to allot relevant securities | 6,894,726 | 99.60 | 28,003 | 0.41 | 6,922,729 | 26 | 24,323 |
12. Authority to disapply pre-emption rights* | 6,835,310 | 98.97 | 71,328 | 1.04 | 6,906,638 | 26 | 40,414 |
13. Authority to repurchase ordinary shares* | 6,884,535 | 99.37 | 43,333 | 0.63 | 6,927,868 | 26 | 19,183 |
14. 14 days' notice for a General Meeting* | 6,877,597 | 99.33 | 46,727 | 0.68 | 6,924,324 | 26 | 22,728 |
15. Updated Articles of Association* | 6,345,099 | 92.03 | 549,374 | 8.00 | 6,894,473 | 26 | 50,578 |
* special resolution
For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of the Company's total voting rights as at 3.30 p.m. on 25 January 2021 (27,018,565), being the time at which a shareholder had to be registered in the register of members in order to vote at the Annual General Meeting. A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.
The number of ordinary shares in issue at the date of this announcement is 27,018,565, and no shares are held in treasury. As at the date of this announcement the Company's total voting rights therefore comprises 27,018,565 shares with one vote each.
A copy of the poll results will shortly be available on the Company's website at:
www.lowlandinvestment.com
A copy of the special business resolutions will be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information please contact:
Laura Thomas
Investment Trust PR Manager
Henderson Investment Funds Limited
Telephone: 020 7818 2636
Helena Harvey
For and on behalf of Henderson Secretarial Services Limited
Lowland Investment Company plc
Tel: 020 7818 2025
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.