BlackRock Income and Growth Investment
Trust plc
(the Company)
(LEI: 5493003YBY59H9EJLJ16)
Results of AGM
Following the Annual General Meeting which was held today, we
are pleased to announce that all resolutions put to shareholders
were passed on a poll, including ordinary resolutions 11 and 12 and
special resolutions 13, 14 and 15 under special business of the
Company:
(Resolution 11) That the Company should continue in being as
an investment trust
(Resolution 12) To grant the Directors’ authority to allot
shares
(Resolution 13) To authorise the Directors to dissaply
pre-emption rights in respect of issues of new shares or the sale
of ordinary shares out of treasury.
(Resolution 14) To authorise the Directors to purchase the
Company’s ordinary shares for cancellation or to be held in
treasury.
(Resolution 15) That the period of notice required for
general meetings of the Company (other than Annual General
Meetings) shall be not less than 14 clear days’ notice
Under listing rule 9.6.2 a copy of the resolutions has been
submitted to the National Storage Mechanism, and will shortly be
made available for inspection at:
http://www.morningstar.co.uk/uk/NSM
Proxy votes received in favour of the resolutions were as
follows:
|
Votes
For |
% |
Votes
Against |
% |
% of Available Voting
Rights* |
Votes
Withheld |
|
|
|
|
|
|
|
Resolution 1 |
4,515,917 |
99.99 |
600 |
0.01 |
21.54 |
16,601 |
Resolution 2 |
4,478,457 |
99.54 |
20,614 |
0.46 |
21.46 |
34,047 |
Resolution 3 |
4,472,565 |
99.23 |
34,795 |
0.77 |
21.50 |
25,758 |
Resolution 4 |
4,521,322 |
99.99 |
600 |
0.01 |
21.57 |
11,196 |
Resolution 5 |
4,503,905 |
99.99 |
619 |
0.01 |
21.48 |
28,594 |
Resolution 6 |
4,489,461 |
99.67 |
15,063 |
0.33 |
21.48 |
28,594 |
Resolution 7 |
3,981,653 |
99.72 |
11,063 |
0.28 |
19.04 |
540,402 |
Resolution 8 |
4,489,461 |
99.67 |
15,063 |
0.33 |
21.48 |
28,594 |
Resolution 9 |
4,506,219 |
99.77 |
10,298 |
0.23 |
21.54 |
16,601 |
Resolution 10 |
4,515,917 |
99.99 |
600 |
0.01 |
21.54 |
16,601 |
Resolution 11 |
4,507,417 |
99.80 |
9,100 |
0.20 |
21.54 |
16,601 |
Resolution 12 |
4,492,658 |
99.47 |
23,859 |
0.53 |
21.54 |
16,601 |
Resolution 13 |
4,471,738 |
99.18 |
37,007 |
0.82 |
21.50 |
24,373 |
Resolution 14 |
4,490,281 |
99.61 |
17,714 |
0.39 |
21.50 |
25,123 |
Resolution 15 |
4,511,467 |
99.94 |
2,919 |
0.06 |
21.53 |
18,732 |
Disclosure of Share Buy Back Authority
Renewal
In accordance with the Commission Delegated Regulation (EU)
2016/1052 of 8.3.2016 (the
Buy-back and Stabilisation RTS).
BlackRock Income and Growth Investment Trust plc (the
Company) is amending its disclosure policy to include on a
regulatory information services (RIS) details of its share
buyback authority which it renews annually. This authority was last
renewed at the Company’s Annual General Meeting held on
7 March 2023 when a special
resolution was approved by shareholders authorising the Company to
make market purchases of its own shares of up to a maximum of
14.99% of the Company’s shares in issue (excluding any shares held
in treasury).
The Company has authority to repurchase a maximum of 3,143,140 of
its ordinary shares (being the outstanding shareholder authority at
the date of this announcement). Such authority lasts until the next
shareholder authority granted, or where expressly revoked by
shareholders. The share buybacks may be funded from the Company’s
resources (including redemptions on funds the Company has invested
in and debt facilities). No maximum consideration payable has been
determined by the Company, but the Company is unable to pay a price
for any shares pursuant to the buy-back which would equate to a
premium to the prevailing net asset value.
The Company has appointed J.P. Morgan Securities plc to act as its
broker in respect of the Company’s share buy-back programme.
The share buy-backs will be undertaken pursuant the Company’s
discount management programme.
This arrangement is in accordance with Chapter 12 of the FCA
Listing Rules and the Company’s general authority to repurchase
shares.
7 March 2023
Enquiries:
Mr K Mayger
For and on behalf of
BlackRock Investment Management (UK) Limited, Secretary
Telephone: 020 7743 3000