Last checked at 24 May 2017 15:30
LONDON STOCK EXCHANGE ANNOUNCEMENT
THE MERCANTILE INVESTMENT TRUST PLC
Legal Entity Identifier: 549300BGX3CJIHLP2H42
Information disclosed in accordance with LR 9.6.18
Following the Annual General Meeting of the Company, which was held today, the Board is pleased to announce that all of the Ordinary Resolutions put to shareholders were passed. In addition, four items of special business were passed which:
i) approved the adoption of new Articles of Association;
ii) allow the Directors of the Company to exercise all powers of the Company to allot shares in the Company up to an aggregate nominal amount of £1,057,196 representing approximately 5% of the Company's issued ordinary share capital as at the date of the passing of the resolution;
iii) allow the disapplication of pre-emption rights on the allotment of new ordinary shares up to an aggregate nominal amount of £1,057,196;
iv) allow the Company to make market purchases of up to 12,677,901 ordinary shares, representing 14.99% of the Company's issued share capital; and
v) approved the Company's dividend policy to continue to pay four quarterly interim dividends.
The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Accounts which is available for viewing at the National Storage Mechanism which can be located at www.morningstar.co.uk/uk/NSM and from the Company's website, www.mercantileit.co.uk
A summary of proxy votes received will shortly be available on the Company's website, www.mercantileit.co.uk
24th May 2017
For further information, please contact:
Jonathan Latter
For and on behalf of
JPMorgan Funds Limited - Company Secretary
020 7742 4000