TIDMSSON
RNS Number : 7758X
Smithson Investment Trust PLC
27 April 2023
Smithson Investment Trust plc
Legal Entity Identifier: 52990070BDK2OKX5TH79
Results of AGM - 27 April 2023
Smithson Investment Trust plc (the "Company") is pleased to
announce that all the resolutions put forward at its Annual General
Meeting held earlier today were passed.
The text of all the resolutions is contained in the Notice of
Annual General Meeting published on the Company's website
(www.smithson.co.uk).
The proxy votes received were as follows:
Resolution In Favour / Against Withheld
Discretionary
Votes % Votes % Votes
-------------------------------------- ----------- ------ ----------- ------ ----------
To receive and adopt the
1. Annual Report and Accounts. 59,849,638 99.99 2,511 0.01 9,401
-------------------------------------- ----------- ------ ----------- ------ ----------
To approve the Directors
2. Remuneration Policy. 59,722,212 99.84 98,318 0.16 41,020
-------------------------------------- ----------- ------ ----------- ------ ----------
To approve the Directors
3. Remuneration Report. 59,723,242 99.84 96,787 0.16 41,521
-------------------------------------- ----------- ------ ----------- ------ ----------
To re-elect Diana Dyer Bartlett
4. as a Director of the Company. 43,269,010 75.84 13,787,242 24.16 2,805,298
-------------------------------------- ----------- ------ ----------- ------ ----------
To re-elect Lord St John
of Bletso as a Director of
5. the Company. 56,117,959 93.81 3,703,234 6.19 40,357
-------------------------------------- ----------- ------ ----------- ------ ----------
To re-elect Jeremy Attard-Manche
6. as a Director of the Company. 58,813,257 98.32 1,004,549 1.68 43,744
-------------------------------------- ----------- ------ ----------- ------ ----------
To elect Denise Hadgill as
7. a Director of the Company. 59,767,245 99.90 61,184 0.10 33,121
-------------------------------------- ----------- ------ ----------- ------ ----------
To re-appoint Deloitte LLP
8. as auditor to the Company. 59,792,065 99.91 55,328 0.09 14,157
-------------------------------------- ----------- ------ ----------- ------ ----------
To authorise the Directors
to fix the remuneration of
the auditor until the conclusion
of the next Annual General
9. Meeting of the Company. 59,827,784 99.97 17,009 0.03 16,757
-------------------------------------- ----------- ------ ----------- ------ ----------
To authorise the Directors
to allot securities in the
Company up to an amount representing
10. 10% of the issued share capital. 59,794,422 99.95 28,519 0.05 38,609
-------------------------------------- ----------- ------ ----------- ------ ----------
To authorise the Directors
to allot securities in the
Company up to an additional
amount representing 10% of
11. the issued share capital. 59,788,964 99.91 54,967 0.09 17,619
-------------------------------------- ----------- ------ ----------- ------ ----------
To disapply the pre-emption
rights in relation to the
allotment of shares up to
an amount representing 10%
of the issued share capital.
12. * 58,680,690 98.09 1,140,096 1.91 40,764
-------------------------------------- ----------- ------ ----------- ------ ----------
To disapply the pre-emption
rights in relation to the
allotment of shares up to
an additional amount representing
10% of the issued share capital.
13. * 58,676,796 98.05 1,164,312 1.95 20,442
-------------------------------------- ----------- ------ ----------- ------ ----------
To authorise the Company
to make market purchases
of ordinary shares in the
14. Company. * 59,233,994 98.97 619,469 1.03 8,087
-------------------------------------- ----------- ------ ----------- ------ ----------
That the Directors be authorised
to call general meetings
(other than annual general
meetings) on not less than
15. 14 clear days' notice. * 59,669,876 99.73 161,776 0.27 29,898
-------------------------------------- ----------- ------ ----------- ------ ----------
*Special resolution
Resolution 4, the re-election of the Chairman of the Board
received less than 80% of the votes cast in favour. The Board
understands that the vote against the resolution is predominantly
in respect of a large shareholder's view on the diversity of the
Board. The Board proposes to consult with shareholders to discuss
any concerns that have influenced their voting. A statement
detailing the outcome of the Company's consultation with its
shareholders, including the views received from shareholders and
any actions taken as a result, will be published by the Company by
no later than 27 October 2023 in accordance with the AIC Code of
Corporate Governance.
On the record date for voting at the meeting, the Company's
issued ordinary share capital consisted of 177,107,958 ordinary
shares. There were 9,210,000 treasury shares in issue. Therefore,
the total number of ordinary shares with voting rights in the
Company was 167,897,958.
Copies of all the resolutions passed, other than ordinary
business, will be submitted to the National Storage Mechanism and
will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
27 April 2023
Enquiries
Apex Listed Companies Services (UK) Limited
Company Secretary
+44 2039 748046
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END
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