Smithson Investment Trust
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Smithson Inv.Trust - Result of AGM

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By Fundsmith
RNS Number : 1686K
Smithson Investment Trust PLC
03 May 2022

Smithson Investment Trust plc

Legal Entity Identified: 52990070BDK2OKX5TH79

Results of AGM - 3 May 2022

Smithson Investment Trust plc (the "Company") is pleased to announce that all the resolutions put forward at its Annual General Meeting held earlier today were passed. 

The text of all the resolutions is contained in the Notice of Annual General Meeting published on the Company's website (www.smithson.co.uk).

The proxy votes received were as follows:

Resolution

In Favour / Discretionary

Against

Withheld

 



Votes

%

Votes

%

Votes

1.

To receive and adopt the Annual Report and Accounts.

 48,959,792

99.99

2,084

0.01

55,915

2.

To approve the Directors Remuneration Report.

 48,422,869

 98.92

530,511

 1.08

64,411

3.

To re-elect Diana Dyer Bartlett as a Director of the Company.

 44,237,652

 98.75

560,028

 1.25

4,220,111

4.

To re-elect Lord St John of Bletso as a Director of the Company.

 45,541,497

 93.03

3,414,081

 6.97

62,213

5.

To elect Jeremy Attard-Manche as a Director of the Company.

 48,917,482

 99.93

36,301

 0.07

64,008

6.

To re-appoint Deloitte LLP as auditor to the Company.

 48,918,603

 99.93

35,760

 0.07

63,428

7.

To authorise the Directors to fix the remuneration of the auditor until the conclusion of the next Annual General Meeting of the Company.

 48,758,520

 99.60

194,402

 0.40

64,869

8.

That the Company's Investment Policy wording be amended to "The Company's investment policy is to invest in shares issued by small and mid-sized listed or traded companies globally with a market capitalisation (at the time of initial investment) of between £500 million to £15 billion".

 48,946,121

 99.98

10,963

 0.02

60,707

9.

To authorise the Directors to allot securities in the Company up to an amount representing 10% of the issued share capital.

 48,935,857

 99.96

21,947

 0.04

59,987

10.

To authorise the Directors to allot securities in the Company up to an additional amount representing 10% of the issued share capital.

 48,930,947

 99.95

25,422

 0.05

61,422

11.

To disapply the pre-emption rights in relation to the allotment of shares up to an amount representing 10% of the issued share capital. *

 48,904,725

 99.89

53,419

 0.11

59,647

12.

To disapply the pre-emption rights in relation to the allotment of shares up to an additional amount representing 10% of the issued share capital. *

 47,633,400

 97.29

1,324,744

 2.71

59,647

13.

To authorise the Company to make market purchases of ordinary shares in the Company. *

 48,938,522

 99.96

22,023

 0.04

57,246

14.

That the Directors be authorised to call general meetings (other than annual general meetings) on not less than 14 clear days' notice. *

 48,653,752

 99.37

306,735

 0.63

57,304

*Special resolution

On the record date for voting at the meeting, the Company's issued ordinary share capital comprised 177,107,958 ordinary shares and this was the total number of ordinary shares with voting rights in the Company.

Copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

3 May 2022

Enquiries

Sanne Fund Services (UK) Limited

Company Secretary

Contact David Rice

020 3327 9720

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