Miton UK Microcap Trust Plc - Result of Annual General Meeting

PR Newswire

LONDON, United Kingdom, September 24

LEI: 21380048Q8UABVMAG916

MITON UK MICROCAP TRUST PLC (the "Company")

Result of Annual General Meeting

The Company announces that at its Annual General Meeting held on 24 September 2024, all resolutions were passed on a show of hands.

The proxy votes received in relation to these resolutions were as follows:

Resolutions

Votes For (including Chairman's Discretion)

 

%

Votes Against

%

Votes withheld

Resolution 1

29,858,603

99.91

26,793

0.09

13,970

Resolution 2

29,623,418

99.39

182,455

0.61

93,493

Resolution 3

29,646,252

99.45

164,621

0.55

88,493

Resolution 4

23,522,652

78.92

6,283,221

21.08

93,493

Resolution 5

29,648,796

99.46

162,077

0.54

88,493

Resolution 6

23,502,652

78.85

6,303,221

21.15

93,493

Resolution 7

29,723,432

99.64

106,252

0.36

69,682

Resolution 8

29,840,562

99.85

44,796

0.15

14,008

Resolution 9

29,836,146

99.87

37,408

0.13

25,812

Resolution 10

28,558,806

95.53

1,336,648

4.47

3,912

Resolution 11

28,461,716

95.34

1,390,538

4.66

47,112

Resolution 12

29,798,848

99.78

66,785

0.22

33,733

Resolution 13

29,801,643

99.83

52,190

0.17

45,533

 

Significant Votes Against:

The Board is pleased that all resolutions were duly passed but notes the proportion of votes cast against Resolutions 4 and 6, the re-election of Peter Dicks and the re-election of Ashe Windham respectively, by shareholders was over 20%.  Although the votes against the Resolutions represents 8.1% of the total voting rights of the Company, the views of all the Company's shareholders are extremely important to the Board and it will engage with investors on both resolutions to better understand the reasons behind their dissent.  An update will be published on that engagement within six months.

The Board would like to remind shareholders that, as reported in the Company's annual report, Mr Dicks will be standing down as a Director on 31 December 2024.

Notes:

  1. Votes "For" and "Against" are expressed as a percentage of votes received.
  2. A vote "Withheld" is not a vote in law and is not counted in the calculation of the percentage of shares shown as voted "For" or "Against".
  3. Total number of shares in issue at 6.00pm on 20 September 2024 was 76,923,603.
  4. A copy of the full text of Resolutions 11 to 13 will be submitted to the National Storage Mechanism and will shortly be available for inspection at:

https://data.fca.org.uk/#/nationalstoragemechanism

  1. These proxy results together with a shareholder presentation will be available shortly on Company's website at https://www.mitonukmicrocaptrust.com.

 

Northern Trust Secretarial Services (UK) Limited

Company Secretary

 

24 September 2024