Finsbury Growth & Income Trust Plc - Result of AGM
January 23, 2024 at 02:38 pm
Share
23 January 2024
Finsbury Growth & Income Trust PLC
(the “Company”)
Result of Annual General Meeting
The Board is pleased to announce that at the Annual General Meeting of the Company held on Tuesday, 23 January 2024, all resolutions as detailed below were duly passed by shareholders on a poll.
Resolutions
Votes For
%
Votes Against
%
Total Votes Cast
VotesWithheld
1. To receive the Annual Report and Financial Statements for the year ended 30 September 2023.
81,134,252
99.95
38,765
0.05
81,173,017
83,505
2. To re-elect Simon Hayes as a Director of the Company.
78,348,850
98.55
1,149,669
1.45
79,498,519
1,758,002
3. To re-elect James Ashton as a Director of the Company.
79,878,288
98.57
1,159,093
1.43
81,037,381
219,140
4. To re-elect Kate Cornish-Bowden as a Director of the Company.
79,902,522
98.60
1,132,174
1.40
81,034,696
221,825
5. To re-elect Sandra Kelly as a Director of the Company.
79,903,455
98.60
1,133,098
1.40
81,036,553
219,968
6. To re-elect Pars Purewal as a Director of the Company.
72,276,455
89.23
8,726,791
10.77
81,003,246
253,275
7. To re-elect Lorna Tilbian as a Director of the Company.
72,372,708
89.31
8,666,887
10.69
81,039,595
216,926
8. To receive and approve the Directors’ Remuneration Report for the year ended 30 September 2023.
80,902,238
99.77
184,178
0.23
81,086,416
169,856
9. To authorise the Audit Committee to determine the remuneration of the Auditors of the Company.
81,108,060
99.94
51,009
0.06
81,159,069
97,453
10. To receive and approve the Company's Dividend Policy, as set out in the Annual Report.
81,034,066
99.90
78,763
0.10
81,112,829
143,693
11. To authorise the increase of the maximum aggregate amount payable to Directors.
79,955,810
98.67
1,081,134
1.33
81,036,944
219,578
12. To allot securities in the Company.
81,090,349
99.91
76,556
0.09
81,166,905
89,617
13#. To disapply the rights of pre-emption in relation to the allotment of securities.
80,956,559
99.76
194,376
0.24
81,150,935
105,587
14#. To disapply pre-emption rights on the sale of Treasury Shares and to sell Treasury Shares at a premium to the net asset value per share.
80,799,783
99.54
370,719
0.46
81,170,502
86,020
15#.To authorise the Company to make market purchases of Ordinary shares in the Company.
79,059,678
97.40
2,113,347
2.60
81,173,025
83,497
16#. Cancellation of Share Premium Account.
81,095,047
99.92
64,769
0.08
81,159,816
96,706
17#. That the Directors be permitted to call General Meetings (excluding the AGM) on not less than 14 clear days’ notice.
80,783,543
99.55
368,386
0.45
81,151,929
104,593
# - Special Resolution
A vote Withheld is not a vote in law and is not counted in the calculation of the proportion of votes “For” and “Against” a resolution.
Notes:
Any proxy votes which are at the discretion of the Chairman have been included in the "for" total. A vote withheld is not a vote in law and is not counted in the votes for or against a resolution.
As at the date of the Annual General Meeting, the total number of voting rights in the Company was 196,008,422. The Company had 28,982,881 ordinary shares held in Treasury.
The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available for viewing at the National Storage Mechanism and can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company’s website, www.finsburygt.com
In accordance with Listing Rule 9.6.2 and Listing Rule 9.6.3, the full text of the resolutions passed has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. Resolutions 11 to 17 will additionally be filed with Companies House.
Terms not otherwise defined in this announcement have the meaning given to them in the Notice of Meeting.
Finsbury Growth & Income Trust PLC is a United Kingdom-based investment trust company. The Companyâs investment objective is to achieve capital and income growth and to provide shareholders with a total return in excess of that of the FTSE All-Share Index. The Companyâs investment policy is to invest principally in the securities of companies either listed in the United Kingdom or otherwise incorporated, domiciled or having significant business operations within the United Kingdom, whilst up to a maximum of 20% of the Companyâs portfolio. The portfolio normally comprises up to 30 investments. The Company invests approximately 15%, in aggregate, of the value of the gross assets of the Company in other listed closed-ended investment companies. The Company invests in a range of sectors, which includes consumer discretionary, consumer staples, financials, technology, and industrials. The Companyâs alternative investment fund manager is Frostrow Capital LLP.