MURRAY INCOME TRUST PLC
Legal Entity Identifier (LEI): 549300IRNFGVQIQHUI13
2 November 2021
Result of Annual General Meeting
At the Annual General Meeting ("AGM") of the Murray Income Trust PLC (the "Company") held today, 2 November 2021, all resolutions, as set out in the Notice of AGM contained in the Company's Annual Report for the year ended 30 June 2021 ("2021 Annual Report"), were passed. The 2021 Annual Report is available on the Company's website at www.murray-income.co.uk*.
The presentation made to the AGM by Charles Luke, the Company's Investment Manager, will be available on the Company's website in due course.
As set out in the Chairman's Statement within the 2021 Annual Report, Jean Park and Donald Cameron retired from the Board at the conclusion of the AGM. The other Directors wish both Jean and Donald well and they leave with the Board's sincere thanks for their work on behalf of shareholders. Peter Tait has been appointed the Company's Senior Independent Director, in succession to Jean Park.
In relation to Resolution 11 (authority to allot shares), the relevant figure is 5,844,999 Ordinary shares, being the lower of the number of Ordinary shares stated in the Resolution in the 2021 Annual Report and 5% of the Ordinary shares (excluding treasury shares) in issue at the date of passing of the resolution at the AGM.
In relation to Resolution 12 (disapplication of pre-emption rights), the relevant figure is 11,689,998 Ordinary shares, being the lower of the number of Ordinary shares stated in the Resolution in the 2021 Annual Report and 10% of the Ordinary shares (excluding treasury shares) in issue at the date of passing of the resolution at the AGM.
In relation to Resolution 13 (authority to make market purchases of Ordinary shares), the relevant figure is 17,523,308 Ordinary shares, being the lower of the number of Ordinary Shares stated in the Resolution in the Annual Report and 14.99% of the Ordinary shares in issue at the date of passing of the resolution at the AGM.
The total number of proxy votes lodged was as follows:
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| For and Discretionary | Against | Votes | Total Votes | ||
| Resolution | Resolution | No. of | % of | No. of | % of | Withheld | (excluding Votes Withheld) |
| Number | Description | Votes | Votes Cast | Votes | Votes Cast |
| |
| 1 | Approval of Annual Report | 47,028,353 | 100.0 | 15,826 | 0.0 | 40,836 | 47,044,179 |
| 2 | Approval of Directors' Remuneration Report | 46,734,719 | 99.6 | 195,358 | 0.4 | 154,937 | 46,930,077 |
| 3 | Approval of Company's policy to pay interim dividends | 47,036,862 | 100.0 | 19,755 | 0.0 | 28,398 | 47,056,617 |
| 4 | Re-election of Stephanie Eastment | 46,726,005 | 99.4 | 271,237 | 0.6 | 87,772 | 46,997,242 |
| 5 | Re-election of Alan Giles | 46,695,484 | 99.4 | 296,977 | 0.6 | 92,554 | 46,992,461 |
| 6 | Re-election of Merryn Somerset Webb | 46,705,108 | 99.4 | 293,512 | 0.6 | 86,395 | 46,998,620 |
| 7 | Re-election of Peter Tait | 46,714,560 | 99.4 | 282,434 | 0.6 | 88,020 | 46,996,994 |
| 8 | Re-election of Neil Rogan | 46,512,771 | 99.0 | 482,100 | 1.0 | 90,143 | 46,994,871 |
| 9 | Re-election of PwC as auditor | 46,862,009 | 99.7 | 144,932 | 0.3 | 78,073 | 47,006,941 |
| 10 | To authorise the auditor's fees | 46,892,409 | 99.8 | 105,450 | 0.2 | 87,156 | 46,997,859 |
| 11 | Allot shares | 46,924,277 | 99.8 | 83,393 | 0.2 | 77,344 | 47,007,670 |
| 12 | Disapply pre-emption rights | 46,802,596 | 99.7 | 153,958 | 0.3 | 128,461 | 46,956,554 |
| 13 | Purchase of shares | 46,922,749 | 99.8 | 92,798 | 0.2 | 69,467 | 47,015,547 |
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Copies of resolutions 1 to 13 inclusive are to be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism*.
* Neither the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.
Enquiries:
Stuart Reid
Aberdeen Asset Management PLC
Secretaries
Tel. 0131 372 2200
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