HgCapital Trust plc
(the "Company", "HGT")
Legal Entity Identifier: 213800J7QUJJBEFSIN38
17 May 2023
Annual General Meeting ("AGM") Results
The Company announces that at its Annual General Meeting held earlier today all the resolutions set out in the Notice of Annual General Meeting were passed. All resolutions were voted on by way of a poll. The results of the poll for each resolution were as follows:
| Resolution
| For (No. of shares) | For (%) | Against (No. of shares) | Against (%) | Votes Withheld (No. of shares) | Total Votes | Issued Share Capital voted (%) |
| 1. To receive the Annual Report and Financial Statements. | 206,025,729 | 99.99% | 19,963 | 0.01% | 10,930 | 206,045,692 | 45.01% |
| 2. To approve the Directors' Remuneration Report. | 205,188,651 | 99.65% | 711,573 | 0.35% | 156,398 | 205,900,224 | 44.98% |
| 3. To approve the Directors' Remuneration Policy. | 205,740,253 | 99.92% | 164,980 | 0.08% | 151,389 | 205,905,233 | 44.98% |
| 4. To approve a final dividend of 4.5 pence per share. | 206,031,360 | 99.99% | 19,963 | 0.01% | 5,299 | 206,051,323 | 45.02% |
| 5. To elect Mrs E Schraner as a Director. | 200,226,346 | 97.19% | 5,787,032 | 2.81% | 43,244 | 206,013,378 | 45.01% |
| 6. To re-elect Mr R Brooman as a Director. | 184,001,866 | 89.31% | 22,021,254 | 10.69% | 33,502 | 206,023,120 | 45.01% |
| 7. To re-elect Mrs P Junco as a Director. | 204,134,307 | 99.08% | 1,888,224 | 0.92% | 34,091 | 206,022,531 | 45.01% |
| 8. To re-elect Mr J Strang as a Director. | 201,970,116 | 98.03% | 4,053,005 | 1.97% | 33,501 | 206,023,121 | 45.01% |
| 9. To re-elect Mr G Wakeley as a Director. | 204,167,474 | 99.10% | 1,855,647 | 0.90% | 33,501 | 206,023,121 | 45.01% |
| 10. To re-elect Mrs A West as a Director. | 204,092,589 | 99.07% | 1,915,532 | 0.93% | 48,501 | 206,008,121 | 45.01% |
| 11. To re-appoint Grant Thornton UK LLP as Auditor of the Company. | 200,118,852 | 99.54% | 919,377 | 0.46% | 5,018,393 | 201,038,229 | 43.92% |
| 12. To authorise the Directors to determine the remuneration of the Auditor. | 205,166,683 | 99.58% | 869,260 | 0.42% | 20,679 | 206,035,943 | 45.01% |
| 13. To authorise the Directors to allot Ordinary shares. | 205,918,745 | 99.94% | 133,243 | 0.06% | 4,634 | 206,051,988 | 45.02% |
| 14. To approve the revised investment policy. | 200,994,779 | 99.98% | 42,285 | 0.02% | 5,019,558 | 201,037,064 | 43.92% |
| 15. To dis-apply pre-emption rights.* | 205,706,097 | 99.85% | 304,115 | 0.15% | 46,410 | 206,010,212 | 45.01% |
| 16. To authorise the Company to make market purchases of Ordinary shares of the Company. * | 205,827,538 | 99.89% | 223,423 | 0.11% | 5,661 | 206,050,961 | 45.02% |
| 17. To approve the increase on the limit of Directors' fees in Article 106 of Articles of Association from £450,000 to £480,000 | 205,739,612 | 99.88% | 245,854 | 0.12% | 71,156 | 205,985,466 | 45.00% |
*special resolution
| NOTES:
| |
| 1. | All resolutions were passed.
|
| 2. | Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
|
| 3. | Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
|
| 4. | A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.
|
| 5. | The number of shares in issue on 16 May 2023 was 457,728,500 ordinary shares, carrying one vote each, and at that time, the Company did not hold any shares in treasury.
|
| 6. | The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.hgcapitaltrust.com
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| 7. | In accordance with listing rule 9.6.2R, a copy of resolutions 13-17 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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