Montanaro European Smaller Companies Trust PLC
("the Company")
LEI: 213800CWSC5B8BG3RS21
Results of Annual General Meeting
Following the Annual General Meeting (the "AGM") which was held today, 8 September 2022, the Company is pleased to announce that all resolutions put to shareholders were duly passed on a show of hands.
Valid proxy votes received were as follows:
| | For | % | Against | % | % Of ISC# Voted
| Votes |
| Resolution 1: To receive the Annual Report and Accounts.
| 46,194,312 | 99.98 | 9,933 |
0.02
| 24.4 | 10,646
|
| Resolution 2: To approve the Directors' Remuneration Report.
| 45,900,368 | 99.55 | 205,430 | 0.45 | 24.4 | 109,093
|
| Resolution 3: To declare a final dividend of 0.725p per Ordinary Share for the year ended 31 March 2022.
| 46,204,245 | 100.00 | 0 |
0.00
| 24.4 | 10,646
|
| Resolution 4: To re-elect Mr R M Curling as a Director of the Company.
| 45,105,499 | 97.78 | 1,026,303 | 2.22 | 24.4 | 83,089
|
| Resolution 5: To re-elect Mrs C A Roxburgh as a Director of the Company.
| 40,131,858 | 86.97 | 6,012,211 | 13.03 | 24.4 | 70,822
|
| Resolution 6: To re-elect Mr G Neilly as a Director of the Company.
| 45,106,709 | 97.78 | 1,025,093 |
2.22
| 24.4 | 83,089
|
| Resolution 7: To re-appoint PricewaterhouseCoopers LLP as auditor to the Company.
| 41,005,635 | 88.82 | 5,159,596 | 11.18 | 24.4 | 49,660
|
| Resolution 8: To authorise the Directors to determine the auditor's remuneration.
| 46,110,677 | 99.80 |
90,538
|
0.20
| 24.4 | 13,676
|
| Resolution 9: To authorise the Directors to allot ordinary shares.
| 46,006,927 | 99.68 |
149,917
|
0.32
| 24.4 | 58,047
|
| Resolution 10: To disapply statutory pre-emption rights.*
| 45,904,358 |
99.46
|
250,476
|
0.54
| 24.4 | 60,057
|
| Resolution 11: To authorise the Company to purchase its own ordinary shares.*
| 41,136,855 | 89.09 | 5,040,136 | 10.91 | 24.4 | 37,900 |
# issued share capital
*special resolution
Notes:
| 1. | All resolutions were passed.
|
| 2. | Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
|
| 3. | Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
|
| 4. | A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "% of ISC voted" for any resolution.
|
| 5. | The number of shares in issue at close of business on 7 September 2022 was 189,427,600 Ordinary Shares in issue of £0.05 each. Each Ordinary Share carries one vote. The total voting rights in the Company as at 7 September 2022 were 189,427,600 votes.
|
| 6. | The proportion of "ISC voted" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the ISC.
|
| 7. | The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at https://montanaro.co.uk/trust/montanaro-european-smaller-companies-trust/.
|
| 8. | In accordance with listing rule 9.6.2R, a copy of resolutions 9-11 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
|
Link Company Matters Limited
Company Secretary
8 September 2022
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