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3 Jul 2023 16:00
Pacific Assets Trust Plc - Result of AGMPacific Assets Trust Plc - Result of AGM
PR Newswire
LONDON, United Kingdom, July 03
Pacific Assets Trust plc
Results of the Annual General Meeting Held on Monday, 3 July 2023
The Board is pleased to announce that at the Annual General Meeting (AGM) held on Monday, 3 July 2023, all resolutions as detailed below were duly passed by shareholders on a show of hands. The proxy voting figures are shown below:
| Resolutions | Votes For | % | Votes Against | % | Total Votes Cast | VotesWithheld |
| Ordinary Resolutions | ||||||
| To receive the Report of the Directors and the financial statements for the year ended 31 January 2023 and the Auditor’s Report thereon. | 40,680,178 | 99.99% | 2,313 | 0.01% | 40,682,491 | 1,078 |
| To approve the Directors’ Remuneration Report for the year ended 31 January 2023. | 40,598,918 | 99.84% | 66,641 | 0.16% | 40,665,559 | 18,010 |
| To approve the Directors’ Remuneration Policy. | 40,599,004 | 99.84% | 66,555 | 0.16% | 40,665,559 | 18,010 |
| To approve payment of a final dividend of 2.3p per share for the year ended 31 January 2023. | 40,672,076 | 99.97% | 10,470 | 0.03% | 40,682,546 | 1,023 |
| To re-elect Charlotta Ginman as a Director. | 39,856,925 | 98.04% | 798,326 | 1.96% | 40,655,251 | 28,318 |
| To re-elect Sian Hansen as a Director. | 39,978,298 | 98.34% | 673,009 | 1.66% | 40,651,307 | 32,262 |
| To re-elect Andrew Impey as a Director. | 40,645,951 | 99.99% | 5,356 | 0.01% | 40,651,307 | 32,262 |
| To re-elect Robert Talbut as a Director. | 39,852,981 | 98.04% | 798,326 | 1.96% | 40,651,307 | 32,262 |
| To re-elect Edward Troughton as a Director. | 39,906,243 | 98.17% | 745,064 | 1.83% | 40,651,307 | 32,262 |
| To re-appoint BDO LLP as Auditor. | 40,636,445 | 99.92% | 34,526 | 0.08% | 40,670,971 | 12,598 |
| To authorise the Audit Committee to determine the remuneration of the Auditor. | 40,677,147 | 99.99% | 2,313 | 0.01% | 40,679,460 | 4,109 |
| To approve a change to the Company’s investment policy. | 40,660,937 | 99.99% | 3,177 | 0.01% | 40,664,114 | 19,455 |
| 13. To authorise the Directors to allot shares up to an amount representing 10% of the issued share capital of the Company. | 40,647,736 | 99.97% | 11,433 | 0.03% | 40,659,169 | 24,400 |
| 14#. To disapply the pre-emption rights in relation to the allotment of shares up to an amount representing 10% of the issued share capital of the Company. | 40,572,680 | 99.80% | 82,575 | 0.20% | 40,655,255 | 28,314 |
| 15#. To authorise the Company to make market purchases of the Company’s ordinary shares. | 40,527,081 | 99.62% | 154,003 | 0.38% | 40,681,084 | 2,485 |
| 16#. To authorise the Directors to call general meetings (other than the AGM) on not less than 14 clear days’ notice. | 40,595,825 | 99.83% | 69,204 | 0.17% | 40,665,029 | 18,540 |
| 17#. To increase the limit in the Company’s articles of association on the aggregate annual fees payable to the Directors. | 40,535,242 | 99.70% | 123,046 | 0.30% | 40,658,288 | 25,281 |
# - Special Resolution
Any proxy votes which are at the discretion of the Chairman have been included in the "for" total. A vote withheld is not a vote in law and is not counted in the calculations of votes cast by proxy.
At the date of the AGM the total number of Ordinary shares of 12.5p each in issue and the total number of voting rights was 120,958,386.
The proxy voting figures will shortly also be available on the Company’s website at www.pacific-assets.co.uk
In accordance with Listing Rule 9.6.2, the full text of the resolutions passed has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. Resolutions 12 to 17 will also be filed at Companies House.
3 July 2023
| Katherine Manson | Frostrow Capital LLP – Company Secretary | 020 3709 8734 |
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