Last checked at 
30 Nov 2015 16:56
MANCHESTER & LONDON INVESTMENT TRUST PLC - Result of AGMMANCHESTER & LONDON INVESTMENT TRUST PLC - Result of AGM
PR Newswire
London, November 30
Manchester & London Investment Trust PLC
Result of Annual General Meeting
Manchester & London Investment Trust PLC (the "Company") is pleased to announce that all of the resolutions proposed at its annual general meeting held on 30 November 2015 were duly passed.
Resolution 5 relating to the election of the independent director, was passed by separate majorities of all shareholders and of those shareholders who are independent of the Sheppard family concert party, the members of which are regarded as controlling shareholders for the purposes of the Listing Rules. The following table indicates the number of valid proxy votes lodged in advance of the meeting for each of the resolutions. It should be noted that votes withheld do not constitute votes in law and therefore are not counted in the number of votes for or against any resolution.
| Resolution | In favour | Against | Withheld | Total | ||||
| Number | % | Number | % | Number | % | |||
| 1. | To approve the annual report and financial statements for the year to 31 July 2015 | 15,523,980 | 99.9 | 8,114 | 0.1 | - | - | 15,532,094 |
| 2. | To approve the remuneration report | 15,523,480 | 99.9 | 8,114 | 0.1 | 500 | - | 15,532,094 |
| 3. | To approve the final dividend | 15,521,480 | 99.9 | 10,614 | 0.1 | - | - | 15,532,094 |
| 4. | To re-elect B.L. Miller as a director | 15,521,480 | 99.9 | 10,614 | 0.1 | - | - | 15,532,094 |
| 5. | To re-elect P.H.A. Stanley as a director (all shareholders) | 15,521,480 | 99.9 | 10,614 | 0.1 | - | - | 15,532,094 |
| 5. | To re-elect P.H.A. Stanley as a director (independent shareholders) | 1,909,512 | 99.4 | 10,614 | 0.6 | - | - | 1,920,126 |
| 6. | To re-appoint CLB Coopers as auditor | 15,523,980 | 99.9 | - | - | 8,114 | 0.1 | 15,532,094 |
| 7. | To amend the Articles in relation to the sale of treasury shares at a discount to NAV | 15,532,094 | 100.0 | - | - | - | - | 15,532,094 |
| 8. | To amend the Articles in relation to the election of independent directors | 15,532,094 | 100.0 | - | - | - | - | 15,532,094 |
| 9. | To approve powers to allot shares | 15,532,094 | 100.0 | - | - | - | - | 15,532,094 |
| 10. | To waive pre-emption rights | 15,532,094 | 100.0 | - | - | - | - | 15,532,094 |
| 11. | To grant powers to sell shares from treasury | 15,532,094 | 100.0 | - | - | - | - | 15,532,094 |
| 12. | To grant powers for market purchases of shares | 15,532,094 | 100.0 | - | - | - | - | 15,532,094 |
At the date of the annual general meeting there were 22,457,042 ordinary shares with voting rights in issue. 957,622 shares are held in treasury. In accordance with Listing Rule 9.6.2, copies of resolutions 7 to 12, being the resolutions passed as special business at the annual general meeting, have been submitted to the National Storage Mechanism and will shortly be available at: www.Hemscott.com/nsm.do.
Enquiries:
Manchester & London Investment Trust Plc - 0161 242 2899
M & L Capital Management Limited – 0207 584 5733