Montanaro European Smaller Companies Trust PLC
("the Company")
LEI: 213800CWSC5B8BG3RS21
Results of Annual General Meeting
Following the Annual General Meeting (the "AGM") which was held today, 9 September 2021, the Company is pleased to announce that all resolutions put to shareholders were duly passed on a show of hands.
Valid proxy votes received were as follows:
|
| For | % | Against | % | % Of ISC# Voted
| Votes |
| Resolution 1: To receive the Annual Report and Accounts.
| 4,544,702
| 99.98
| 960
| 0.02
| 25.30
| 3,940
|
| Resolution 2: To approve the Directors' Remuneration Report.
| 4,517,771
| 99.73
| 12,320
| 0.27
| 25.21
| 19,511
|
| Resolution 3: To declare a final dividend of 7.25p per Ordinary Share for the year ended 31 March 2021.
| 4,544,737
| 99.98
| 925
| 0.02
| 25.30
| 3,940
|
| Resolution 4: To re-elect Mr R M Curling as a Director of the Company.
| 3,808,720
| 99.91
| 3,347
| 0.09
| 21.22
| 737,535
|
| Resolution 5: To re-elect Mrs C A Roxburgh as a Director of the Company.
| 3,807,922
| 99.87
| 4,945
| 0.13
| 21.22
| 736,735
|
| Resolution 6: To elect Mr G Neilly as a Director of the Company.
| 3,806,338
| 99.81
| 7,075
| 0.19
| 21.22
| 736,189
|
| Resolution 7: To appoint PricewaterhouseCoopers LLP as auditor to the Company.
| 4,032,473
| 88.74
| 511,805
| 11.26
| 25.29
| 5,324
|
| Resolution 8: To authorise the Directors to determine the auditor's remuneration.
| 4,539,202
| 99.86
| 6,360
| 0.14
| 25.30
| 4,040
|
| Resolution 9: To authorise the Directors to allot ordinary shares.
| 4,536,529
| 99.85
| 6,619
| 0.15
| 25.28
| 6,454
|
| Resolution 10: To disapply statutory pre-emption rights.*
| 4,526,345
| 99.64
| 16,241
| 0.36
| 25.28
| 7,016
|
| Resolution 11: To authorise the Company to purchase its own ordinary shares.*
| 4,038,980
| 88.92
| 503,058
| 11.08
| 25.28
| 7,564
|
| Resolution 12: To approve the new Articles of Association for the Company.* | 4,527,681
| 99.84
| 7,041
| 0.16
| 25.24
| 14,880
|
| Resolution 13: To approve the subdivision of the Company's ordinary shares.* | 4,537,844
| 99.87
| 6,048
| 0.13
| 25.29
| 5,710
|
# issued share capital
*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 nor in the calculation of the proportion of "% of ISC voted" for any resolution.
|
| 5. | The number of shares in issue at close of business on 8 September 2021 was 17,968,260 Ordinary Shares in issue of £0.50 each. Each Ordinary Share carries one vote. The total voting rights in the Company as at 8 September 2021 were 17,968,260 votes.
|
| 6. | The proportion of "ISC voted" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the ISC.
|
| 7. | 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 https://montanaro.co.uk/trust/montanaro-european-smaller-companies-trust/.
|
| 8. | In accordance with listing rule 9.6.2R, a copy of resolutions 9-13 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.
|
Link Company Matters Limited
Company Secretary
9 September 2021
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