Polar Capital Technology Trust plc ('the Company')
Legal Entity Identifier: 549300TN1O5392UC4K19
Results of the 28th Annual General Meeting ('AGM') held at 14:30 on 11 September 2024
AGM Presentation
A presentation on the investment performance of the Company was given by Mr. Ben Rogoff and Mr Unwin, covering the portfolio and the markets in which the Company invests. A copy of the presentation slides will be available shortly from the Company's website: www.polarcapitaltechnologytrust.co.uk.
AGM Results
At the AGM held on 11 September 2024 all resolutions proposed were passed on a poll. The resolutions proposed at the AGM can be found in the Notice of AGM which is available on the Company's website.
In accordance with Listing Rule 9.6.2, copies of resolutions 12 to 14 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The following table indicates the number of votes cast on the poll at the meeting including those votes cast by proxy in advance of the meeting for each of the resolutions. It should be noted that votes withheld do not constitute votes in law. The number of ordinary shares in issue at the date of the AGM was 137,315,000.
| Resolution | In favour & Discretionary | Against | Withheld | |
|
|
| Number of Shares | Number of shares | Number of shares |
| 1 | To receive the Annual Report for the year ended 30 April 2024. | 57,248,513 | 11,974 | 46,839 |
| 2 | To receive and approve the Directors' Remuneration Implementation Report. | 57,161,890 | 75,523 | 69,913 |
| 3 | To re-elect Mrs Cripps as a Director. | 54,064,219 | 3,176,644 | 66,463 |
| 4 | To re-elect Mr Cruttenden as a Director. | 56,495,135 | 726,956 | 85,235 |
| 5 | To re-elect Mr Park as a Director. | 56,495,805 | 729,330 | 82,191 |
| 6 | To re-elect Ms Pearce as a Director. | 56,496,113 | 729,173 | 82,040 |
| 7 | To re-elect Mr White as a Director. | 56,495,516 | 725,704 | 86,106 |
| 8 | To re-appoint KPMG LLP as auditor. | 57,215,791 | 32,406 | 59,129 |
| 9 | To authorise the Directors to determine the remuneration of the auditor. | 57,229,202 | 21,679 | 56,445 |
| 10 | To approve the sub-division of the Company's Ordinary shares.* | 57,221,022 | 48,932 | 37,372 |
| 11 | To renew the authority to allot ordinary shares. | 57,230,076 | 35,965 | 41,285 |
| 12 | To disapply statutory pre-emption rights. | 57,207,933 | 54,237 | 45,156 |
| 13 | To authorise the Company to buy back its ordinary shares. | 55,513,565 | 1,757,453 | 36,308 |
| 14 | To amend the Company's Articles of Association. | 55,087,599 | 2,168,108 | 51,619 |
Of the issued share capital of the Company 47.96% was voted.
* Following the passing of Resolution 10, in relation to the sub-division of the Existing Ordinary Shares, applications have been made for the admission of 1,373,150,000 New Ordinary Shares of 2.5 pence each, which includes 180,734,030 shares held in Treasury, to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities ("Admission"). Admission is expected to become effective, and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 13 September 2024, at which time the sub-division will become effective.
Enquiries:
J Kupoluyi, ACG
Polar Capital Technology Trust PLC
020 7227 2700
END
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