North Atlantic Smaller Companies Investment Trust PLC
(the "Company")
Result of Annual General Meeting
The Company announces that at the Annual General Meeting (the "Meeting") of the Company held today (20 June 2023), all of the resolutions, as set out in full in the notice of the Meeting dated 22 May 2023 (the "Notice"), were duly passed as set below:
Total votes received (including proxy and poll votes):
| Resolution | For | % (of votes cast exl. withheld) | Against | % (of votes cast exl. withheld | Votes Withheld |
| 1 | 8,517,765 | 99.99% | 210 | 0.01% | 0 |
| 2 | 8,514,125 | 99.99% | 1,015 | 0.01% | 2,835 |
| 3 | 8,011,787 | 94.06% | 505,917 | 5.94% | 1 |
| 4 | 8,443,212 | 99.12% | 74,713 | 0.88% | 50 |
| 5 | 8,462,113 | 99.34% | 55,812 | 0.66% | 50 |
| 6 | 8,412,611 | 98.76% | 105,314 | 1.24% | 50 |
| 7 | 8,234,185 | 96.97% | 257,430 | 3.03% | 26,360 |
| 8 | 8,516,812 | 99.99% | 1,113 | 0.01% | 50 |
| 9 | 8,517,065 | 99.99% | 910 | 0.01% | 0 |
| 10 | 8,517,065 | 99.99% | 910 | 0.01% | 0 |
| 11 | 8,515,137 | 99.97% | 2,838 | 0.03% | 0 |
| 12 | 8,508,497 | 99.74% | 21,888 | 0.26% | 26,310 |
| 13 | 8,398,273 | 98.15% | 158,151 | 1.85% | 1 |
| 14 | 8,551,389 | 99.94% | 4,906 | 0.06% | 0 |
| 15* | 7,456,958 | 87.15% | 1,099,698 | 12.85% | 39 |
* Resolution 15 was put to the Meeting as a resolution of the independent shareholders of the Company. As a result, 9,332,245 of the ordinary shares in issue were eligible to vote on this resolution, these shares not being held by the Concert Party (as defined in the Notice). The waiver of Rule 9 granted by Resolution 15 permits the Concert Party's interest in the Company's shares to increase from 31.07% to a maximum of 34.52% (in each case representing 4,205,664 ordinary shares) as a result of the share buyback authorised by Resolution 13 without requiring the Concert Party to make a mandatory offer for the other shareholders' shares. The results of the poll vote on this Resolution 15 were 7,456,958 votes for, 1,099,698 against, 39 abstentions, therefore with 87.15% in favour of the resolution.
Contact:
Kin Company Secretarial Limited
Company Secretary
020 8819 6486
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