17 Aug 2016 10:32
The World Trust Fund
("World Trust" or the "Company")
Result of Annual General Meeting
The Company is pleased to announce that all resolutions proposed at the Company's Annual General Meeting held on 16 August 2016 were passed.
Resolution 1 To approve the continuation of the Company for an undetermined period of time.
For: 28,438,323
Against: 6,938,564
No votes withheld
Resolution 2 To approve the granting of authority to the Board of Directors of the Company to make market purchases of up to 14.99% of the Company's subscribed capital provided that certain conditions are met.
For: 29,119,279
Against: 6,257,608
No votes withheld
Resolution 3 To approve the annual report incorporating the Chairman's Statement, the Remuneration report, Approved Statutory Auditor's report and the audited financial statements of the Company for the accounting year ended March 31st, 2016.
For: 35,137,582
No votes against
No votes withheld
Resolution 4 Allocation of the results for the accounting year ended March 31st, 2016.
For: 35,376,887
No votes against
No votes withheld
Resolution 5 To approve the payment of a final dividend of 5.4 pence per share.
For: 35,376,887
No votes against
No votes withheld
Resolution 6 Discharge to be granted to the Directors in relation to their activities as Directors of the Company for the accounting year ended March 31st, 2016.
For: 35,376,887
No votes against
No votes withheld
Resolution 7 To approve the Directors' Remuneration Report for the year ended March 31st, 2016.
For: 35,376,887
No votes against
No votes withheld
Resolution 8 To re-elect Mr Philip R. McLoughlin as Director until the next Annual General Meeting to be held in 2017.
For: 35,376,887
No votes against
No votes withheld
Resolution 9 To re-elect Mr Duncan Budge as Director until the next Annual General Meeting to be held in 2017.
For: 33,705,653
Against: 1,671,234
No votes withheld
Resolution 10 To re-elect Mr James A. Cave as Director until the next Annual General Meeting to be held in 2017.
For: 33,705,653
Against: 1,671,234
No votes withheld
Resolution 11 To re-elect Mr Howard Myles as Director until the next Annual General Meeting to be held in 2017.
For: 35,376,887
No votes against
No votes withheld
Resolution 12 To re-elect Mr Tony C. Morrongiello as Director until the next Annual General Meeting to be held in 2017.
For: 33,705,653
Against: 1,671,234
No votes withheld
Resolution 13 To re-appoint Deloitte Audit as the Approved Statutory Auditor until the next Annual General Meeting to be held in 2017.
For: 35,376,887
No votes against
No votes withheld
Resolution 14 To approve the decision of the Board of Directors to limit the aggregate amount of Directors fees payable by the Company for the next accounting year to US$500,000.
For: 35,372,436
Against: 4,451
No votes withheld
17 August 2016