30 September
2024
Witan Investment Trust
plc
Legal Entity
Identifier: 213800XMW68XFT6D1X59
Results of Ordinary Shareholders' Class
Meeting and First General Meeting
In connection with the proposals for
the combination of the assets of Witan Investment Trust plc
(the "Company") with
Alliance Trust PLC ("ATST")
(to be renamed Alliance Witan PLC), by means of a scheme of
reconstruction and winding up of the Company under section 110 of
the Insolvency Act 1986 (the "Scheme"), the Board is pleased to
announce that the Resolutions which were put forward at the
Ordinary Shareholders' Class Meeting and First General Meeting held
today and voted on a poll have been approved by
Shareholders.
The poll results were as
follows:
Ordinary
Shareholders' Class Meeting
|
Resolution
|
Votes for
|
%
|
Votes against
|
%
|
Total votes cast
|
% Issued Share
Capital
|
Votes withheld
|
|
1. To approve a variation of rights
attached to the Ordinary Shares under the Company's Articles of
Association to enable the reclassification of the Ordinary Shares
in order to give effect to elections made under the
Scheme.
|
101,111,842
|
99.23
|
785,122
|
0.77
|
101,896,964
|
17.15
|
255,294
|
First General
Meeting
|
Resolution
|
Votes for
|
%
|
Votes against
|
%
|
Total votes cast
|
% Issued Share
Capital
|
Votes withheld
|
|
1. To approve the reclassification of
the shares in the capital of the Company as shares with "A" rights
and shares with "B" rights and to approve changes required to the
Company's articles of association.
|
109,758,026
|
99.18
|
912,501
|
0.82
|
110,670,527
|
18.63
|
205,662
|
|
2. To approve the
Scheme; further amend the Company's articles of association in
order to implement the Scheme; and to instruct the Liquidators to
give effect to the Scheme.
|
109,714,232
|
99.16
|
927,229
|
0.84
|
110,641,461
|
18.62
|
222,728
|
These results will also be published
on the Company's website: www.witan.com/investor-information/alliance-witan
For the purposes of section 341 of
the Companies Act 2006, the votes validly cast are expressed in the
table above as a percentage of the Company's total voting rights as
at 6.30 p.m. on 26 September 2024 (594,096,060), being the time at
which a shareholder had to be registered in the Register of Members
in order to vote at the Ordinary Shareholders' Class
Meeting and First General Meeting. A vote
"withheld" is not a vote in law and has not been counted as a vote
"for" or "against" a Resolution.
The number of Shares in issue at the
date of this announcement is 1,000,355,000. There are 406,456,349
Shares held in treasury. Therefore, as at the date of this
announcement the number of voting rights in the Company are
593,898,651.
The full text of the Resolutions can
be found in the notice of Ordinary Shareholders' Class
Meeting and First General Meeting contained
in the Company's circular to Shareholders dated 12 September 2024
(the "Circular"). The
Circular is available for viewing at the National Storage Mechanism
which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and
on the Company's website at www.witan.com/investor-information/alliance-witan
The Ordinary Shares,
2.7% Cumulative Preference Shares
and 3.4% Cumulative Preference
Shares will be disabled for settlement in CREST from 6:00 p.m. on
30 September 2024 and trading will be suspended from 7.30 a.m. on 1
October 2024. Following the reclassification of the Ordinary Shares
on 3 October 2024, the Reclassified Shares will be suspended from
listing at 7.30 a.m. on 9 October 2024.
The cancellation of listing of
Reclassified Shares, 2.7% Cumulative
Preference Shares and 3.4%
Cumulative Preference Shares will occur on
10 October 2024.
Defined terms used in this announcement have the
meanings given in the Circular unless the context otherwise
requires.
|
For further information
please contact:
|
|
Witan Investment Trust plc
|
Via J.P.
Morgan Cazenove
|
|
Andrew Ross (Chair)
|
|
|
J.P. Morgan
Cazenove
|
+44 (0) 20
3493 8000
|
|
William Simmonds
Rupert Budge
|
|