3 Sep 2020 10:35
VALUE AND INCOME TRUST PLC
Result of Annual General Meeting
The Board announces that at the Annual General Meeting of Value and Income Trust PLC, held at 10.00am today, Thursday, 3 September 2020, at the offices of Maven Capital Partners UK LLP, First Floor Kintyre House, Glasgow G2 2LW, Ordinary Resolutions numbered 1 to 10, inclusive, and Special Resolutions numbered 11 to 13 inclusive, as set out in the Notice of Meeting within the 2020 Annual Report, were passed on a show of hands.
At the record date for the Annual General Meeting, being 1 September 2020, the total number of voting rights in the Company stood at 45,549,975 and the total number of shares in issue was 45,549,975. The Company advises that for the Annual General Meeting, 123 valid proxy appointments were made in respect of up to 16,462,981 shares.
In relation to Resolution 12 (authority to make market purchases of Ordinary Shares either for cancellation or for holding in treasury), 14.99% of the Company's issued Ordinary Share capital equated to 6,827,941 Ordinary Shares as at the date of the passing of the Resolution.
The numbers of proxy votes cast in respect of each Resolution were as follows:
For and Chairman's Discretion | Against | Votes | Total Votes | |||
Resolution | No. of | % of | No. of | % of | Withheld | (excluding Votes Withheld) |
Number | Votes | Votes Cast | Votes | Votes Cast | ||
1 | 16,301,876 | 99.98 | 3,769 | 0.02 | 180,517 | 16,305,645 |
2 | 16,144,358 | 99.37 | 101,867 | 0.63 | 239,938 | 16,246,225 |
3 | 16,128,863 | 99.49 | 82,205 | 0.51 | 275,095 | 16,211,068 |
4 | 13,965,603 | 86.73 | 2,137,015 | 13.27 | 383,544 | 16,102,618 |
5 | 14,442,775 | 87.74 | 2,019,013 | 12.26 | 24,374 | 16,461,788 |
6 | 15,831,750 | 97.21 | 453,739 | 2.79 | 200,674 | 16,285,489 |
7 | 14,872,634 | 91.32 | 1,412,854 | 8.68 | 200,674 | 16,285,488 |
8 | 16,241,332 | 99.77 | 36,634 | 0.23 | 208,197 | 16,277,966 |
9 | 16,248,059 | 99.86 | 22,484 | 0.14 | 215,620 | 16,270,543 |
10 | 16,197,231 | 98.39 | 265,750 | 1.61 | 23,182 | 16,462,981 |
11 | 16,035,924 | 97.54 | 403,903 | 2.46 | 46,336 | 16,439,827 |
12 | 16,207,559 | 99.43 | 93,476 | 0.57 | 185,127 | 16,301,035 |
13 | 16,004,498 | 98.76 | 201,097 | 1.24 | 280,568 | 16,205,595 |
Copies of Resolutions 10, 11, 12 and 13, all of which were passed at the AGM, have been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at:
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism*
A copy of the Managers' AGM presentation together with a copy of the 2020 Annual Report may be downloaded from the websites of the Company's Investment Managers at www.olim.co.uk and www.olimproperty.co.uk*
*Neither the websites of the Company's Investment Managers, nor the NSM website, nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.
Enquiries:
Miranda Kelly
Maven Capital Partners UK LLP
Company Secretary
Tel: 0141 206 0124