Montanaro UK Smaller Companies Investment Trust PLC
("the Company")
LEI: 213800UDDXXTXIF29P85
Results of Annual General Meeting
Following the Annual General Meeting (the "AGM") which was held today, 27 July 2023, the Company is pleased to announce that all resolutions put to shareholders were duly passed on a vote taken by poll.
Valid proxy votes received were as follows:
| ORDINARY RESOLUTIONS | For | % | Against | % | % Of ISC Voted#
| Votes |
| Resolution 1: To receive the annual report and audited financial statements for the year ended 31 March 2023
| 79,115,569 | 100.00% | 0 | 0.00% | 47.27% | 11,867 |
| Resolution 2: To approve the Directors' Remuneration Report.
| 79,020,613 | 99.87% | 106,246 | 0.13% | 47.27% | 577 |
| Resolution 3: To approve the Company's dividend policy to continue to pay four quarterly interim dividends
| 79,120,316 | 99.99% | 6,543 | 0.01% | 47.27% | 577 |
| Resolution 4: To re-elect Arthur Copple as a Director of the Company.
| 77,937,570 | 98.51% | 1,177,132 | 1.49% | 47.27% | 12,734 |
| Resolution 5: To re-elect Catriona Hoare as a Director of the Company.
| 77,892,276 | 98.50% | 1,189,926 | 1.50% | 47.25% | 45,234 |
| Resolution 6: To elect Barbara Powley as a Director of the Company
| 77,782,363 | 98.32% | 1,332,339 | 1.68% | 47.27% | 12,734 |
| Resolution 7: To re-appoint BDO LLP as Auditor to the Company.
| 79,064,739 | 99.92% | 59,408 | 0.08% | 47.27% | 3,289
|
| Resolution 8: To authorise the Audit and Management Engagement Committee to determine the Auditor's remuneration.
| 79,094,565 | 99.96% | 31,927 | 0.04% | 47.27% | 944 |
| Resolution 9: To authorise the Directors to allot ordinary shares. | 79,092,220 | 99.97% | 21,004 | 0.03% | 47.27% | 14,212 |
| | | | | | | |
| SPECIAL RESOLUTIONS | | | | | | |
| Resolution 10 To disapply statutory pre-emption rights.
| 79,030,417 | 99.90% | 80,031 | 0.10% | 47.26% | 16,988 |
| Resolution 11 To authorise the Company to purchase its own ordinary shares. | 78,966,835 | 99.81% | 147,318 | 0.19% | 47.27% | 13,283 |
| | | | | | | |
# issued share capital
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 "ISC voted" for any resolution.
|
| 5. | The number of shares in issue at close of business on 26 July 2023 was 167,379,790 ordinary shares, carrying one vote each. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 167,379,790.
|
| 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 Issued Share Capital.
|
| 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-uk-smaller-companies-investment-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.
|
Juniper Partners Limited
Company Secretary
27 July 2023
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