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22 May 2025 15:05
LONDON STOCK EXCHANGE ANNOUNCEMENT
THE MERCANTILE INVESTMENT TRUST PLC
RESULT OF POLL AT ANNUAL GENERAL MEETING
Legal Entity Identifier: 549300BGX3CJIHLP2H42
Information disclosed in accordance with UKLR 6.4.13
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 voted on by poll and passed. In addition, the following items of special business were voted on by poll and passed which:
i) 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 £1,830,551 representing approximately 10% of the Company's issued ordinary share capital as at 7th April 2025;
ii) allow the disapplication of pre-emption rights on the allotment of new ordinary shares up to an aggregate nominal amount of £2,361,230;
iii) allow the Company to make market purchases of up 14.99% of the Company's issued share capital;
iv) approved the Company's dividend policy to continue to pay four quarterly interim dividends; and
v) allow the Company to hold a general meeting, other than an Annual General Meeting, on not less than 14 clear days' notice.
The full results of the poll conducted at today's meeting are detailed below and will shortly be available on the Company's website, www.mercantileit.co.uk
| VOTESFOR | % | VOTESAGAINST | % | VOTESTOTAL | % of ISC VOTED | VOTESWITHHELD |
1 | 383,283,388 | 99.98% | 63,499 | 0.02% | 383,346,887 | 52.48% | 92,834 |
2 | 382,303,517 | 99.80% | 779,324 | 0.20% | 383,082,841 | 52.44% | 356,880 |
3 | 382,297,320 | 99.81% | 730,719 | 0.19% | 383,028,039 | 52.43% | 411,682 |
4 | 380,099,120 | 99.22% | 2,984,829 | 0.78% | 383,083,949 | 52.44% | 355,772 |
5 | 381,536,330 | 99.60% | 1,544,627 | 0.40% | 383,080,957 | 52.44% | 358,764 |
6 | 381,529,415 | 99.59% | 1,561,402 | 0.41% | 383,090,817 | 52.44% | 348,904 |
7 | 381,594,579 | 99.61% | 1,500,512 | 0.39% | 383,095,091 | 52.44% | 344,630 |
8 | 381,617,228 | 99.61% | 1,480,303 | 0.39% | 383,097,531 | 52.44% | 342,190 |
9 | 382,872,097 | 99.91% | 361,815 | 0.09% | 383,233,912 | 52.46% | 205,809 |
10 | 381,612,388 | 99.57% | 1,632,373 | 0.43% | 383,244,761 | 52.46% | 194,960 |
11 | 382,549,680 | 99.83% | 656,408 | 0.17% | 383,206,088 | 52.46% | 233,633 |
12 | 376,632,008 | 98.26% | 6,653,765 | 1.74% | 383,285,773 | 52.47% | 153,948 |
13 | 383,240,973 | 99.96% | 139,033 | 0.04% | 383,380,006 | 52.48% | 59,715 |
14 | 382,058,960 | 99.69% | 1,187,830 | 0.31% | 383,246,790 | 52.46% | 192,931 |
The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Financial Statements which is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and from the Company's website, www.mercantileit.co.uk
22nd May 2025
For further information, please contact:
Sachu Saji
For and on behalf of
JPMorgan Funds Limited, Company Secretary
Telephone 0800 20 40 20 (or +44 1268 44 44 70 )
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