WITAN PACIFIC INVESTMENT TRUST PLC (the "Company")
Annual General Meeting
The Company announces that, at its Annual General Meeting held on 13 June 2018 (the "AGM"), resolutions 2 to 7 and 10 to 13 set out in the Notice of the Meeting were duly passed on a show of hands. Details of the proxy votes received on these resolutions prior to the meeting will shortly be made available on the Company's website.
As set out in the circular to shareholders dated 8 June 2018, resolutions 8 and 9 in connection with the appointment of the auditor were withdrawn. The AGM was subsequently adjourned and will be reconvened at 11.05am on 26 June 2018 (or if later as soon as possible following the conclusion of the general meeting convened for the same day) at the offices of J.P. Morgan Cazenove, 60 Victoria Embankment, London EX4Y 0JP. Resolution 1 in connection with the approval of the report and accounts for the year ended 31 January 2018 will be proposed at the adjourned AGM.
The full text of the resolutions passed at the AGM may be found in the Notice of Meeting contained in the Report and Accounts for the year ended 31 January 2018. Copies will be submitted to the National Storage Mechanism and will shortly be available at www.morningstar.co.uk/uk/nsm.
Share buy-back programme
The Company announces that it has authority to repurchase a maximum of 9,467,723 of its ordinary shares (being its outstanding shareholder authority). Such authority lasts until the next shareholder authority granted, or where expressly revoked by shareholders. The buy-back may be funded from the Company's resources (including redemptions on funds the Company has invested in and debt facilities, where relevant). 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 on the net asset value.
The Company has appointed J.P. Morgan Securities plc to act as its broker in respect of the buy-back.
The buy-back will be undertaken pursuant the Company's discount management policy.
This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.
Link Company Matters Limited - Corporate Secretary
Email: [email protected]
13 June 2018
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