Result of AGM
October 26 2009 - 9:15AM
UK Regulatory
TIDMECIT
RNS Number : 3804B
Eclectic Investment Trust PLC
26 October 2009
ECLECTIC INVESTMENT TRUST PLC ("Company")
Result of AGM
On 18 September 2009 the Company sent a Circular to Shareholders outlining
proposals to transfer trading in the Company's Ordinary Shares from the Official
List to AIM and to change the name of the Company to "Eclectic Investment
Company plc". The Board is pleased to announce that at the Annual General
Meeting held earlier today, these proposals were approved by Shareholders,
together with the ordinary and special business proposed at the AGM. All
resolutions were passed by the required majority on a show of hands. Full
details of proxy voting on each resolution are available on the Company's
website at www.eclecticinvest.com and a summary is given below:
+------------+------------------------+------------+------+---------+------+----------+------+
|Resolution | Business | Votes in | % | Votes | % | Vote | % |
| | | favour* | | against | | withheld | |
+------------+------------------------+------------+------+---------+------+----------+------+
| 1 | Adopt Report & | 14,132,654 | 99.9 | 301 | <0.1 | 1,801 | <0.1 |
| | Accounts | | | | | | |
+------------+------------------------+------------+------+---------+------+----------+------+
| 2 | Directors' | 14,121,817 | 99.9 | 9,424 | <0.1 | 3,515 | <0.1 |
| | Remuneration Report | | | | | | |
+------------+------------------------+------------+------+---------+------+----------+------+
| 3 | Final Dividend | 14,134,276 | 100 | 180 | <0.1 | 300 | <0.1 |
+------------+------------------------+------------+------+---------+------+----------+------+
| 4 | Re-elect Mr A Bushell | 14,128,178 | 99.9 | 6,223 | <0.1 | 355 | <0.1 |
+------------+------------------------+------------+------+---------+------+----------+------+
| 5 | Re-elect Mr P Burrows | 14,127,978 | 99.9 | 6,423 | <0.1 | 355 | <0.1 |
+------------+------------------------+------------+------+---------+------+----------+------+
| 6 | Re-elect Mr W McLeland | 14,128,100 | 99.9 | 5,621 | <0.1 | 1,035 | <0.1 |
+------------+------------------------+------------+------+---------+------+----------+------+
| 7 | Re-appoint auditor | 14,129,810 | 99.9 | 4,661 | <0.1 | 285 | <0.1 |
+------------+------------------------+------------+------+---------+------+----------+------+
| 8 | Authorise allotments | 14,129,396 | 99.9 | 4,399 | <0.1 | 961 | <0.1 |
| | of shares | | | | | | |
+------------+------------------------+------------+------+---------+------+----------+------+
| 9 | Authorise market | 14,128,053 | 99.9 | 5,842 | <0.1 | 861 | <0.1 |
| | purchases | | | | | | |
+------------+------------------------+------------+------+---------+------+----------+------+
| 10 | Dis-apply pre-emption | 14,123,660 | 99.9 | 9.950 | <0.1 | 1,146 | <0.1 |
| | rights | | | | | | |
+------------+------------------------+------------+------+---------+------+----------+------+
| 11 | Adopt new Articles | 14,127,576 | 99.9 | 6,400 | <0.1 | 780 | <0.1 |
+------------+------------------------+------------+------+---------+------+----------+------+
| 12 | Move to AIM and change | 14,129,522 | 99.9 | 3,145 | <0.1 | 2,089 | <0.1 |
| | name | | | | | | |
+------------+------------------------+------------+------+---------+------+----------+------+
| 13 | Approve investing | 14,131,811 | 99.9 | 2,245 | <0.1 | 700 | <0.1 |
| | policy | | | | | | |
+------------+------------------------+------------+------+---------+------+----------+------+
* The "in favour" votes include votes giving the Chairman discretion.
** A "vote withheld" is not a vote in law and is not counted in the calculation
of the proportion of votes for or against a resolution.
It is anticipated that trading in the Ordinary Shares on the London Stock
Exchange's main market for listed securities will cease at 6.00 p.m. on 23
November 2009. Cancellation of the listing on the Official List is expected to
take effect at 8.00 a.m. on 24 November 2009. Admission of the Ordinary Shares
to trading on AIM, and dealings on AIM expected to commence, at 8.00 a.m. on 24
November 2009.
The change of name to "Eclectic Investment Company plc" is expected to take
effect on 27 October 2009 when the new Certificate of Incorporation on Change of
Name is issued by the Registrar of Companies.
Capitalised terms used in this announcement have the same meaning as in the
Circular dated 18 September 2009 unless the context requires otherwise.
Two copies of the resolutions concerning items other than ordinary business
transacted at the meeting will shortly be lodged with, and available for
inspection at, the Document Viewing Facility of the UK Listing Authority at The
Financial Services Authority, 25 North Colonnade, Canary Wharf, London E14 5HS.
26 October 2009
Enquiries:
Phoenix Administration Services Limited Tel: 01245 398950
Arbuthnot Securities Limited Tel: 020 7012 2000
Alastair Moreton
Hannah Pearce
This information is provided by RNS
The company news service from the London Stock Exchange
END
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