JANUS HENDERSON FUND MANAGEMENT UK LIMITED
THE CITY OF LONDON INVESTMENT TRUST PLC
LEGAL ENTITY IDENTIFIER: 213800F3NOTF47H6AO55
31 October 2024
THE CITY OF LONDON INVESTMENT TRUST PLC
Annual General Meeting of the Company
held on Thursday, 31 October 2024
The City of London Investment Trust plc announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a show of hands. This included six special business resolutions:
- Resolution 10: to approve the dividend payment policy of paying four quarterly interim dividends in each year;
- Resolution 11: to authorise the Directors to allot ordinary shares up to 10% of the issued ordinary share capital;
- Resolution 12: to authorise the Directors to allot or to sell from treasury up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;
- Resolution 13: to authorise the Company to make market purchases of the Company's ordinary shares;
- Resolution 14: to authorise the Company to make market purchases of the Company's preferred stock; and
- Resolution 15: to hold general meetings other than an Annual General Meeting on not less than 14 clear days' notice.
The full text of the resolutions can be found in the circular to shareholders dated 17 September 2024 which can be viewed on the Company's website at: www.cityinvestmenttrust.com.
The proxy votes received in relation to each resolution were as follows:
| Resolutions | Votes for (including at Chairman's discretion) | % | Votes against | % | Total votes cast (excluding votes withheld) | Votes withheld |
| 1 Annual Report and financial statements | 6,170,744 | 99.92 | 5,154 | 0.08 | 6,175,898 | 12,193 |
| 2 Directors' Remuneration Report | 6,117,823 | 99.36 | 39,464 | 0.64 | 6,157,287 | 30,799 |
| 3 Election of Ms Sally Lake | 6,138,142 | 99.69 | 19,392 | 0.31 | 6,157,534 | 30,527 |
| 4 Re-election of Sir Laurie Magnus | 6,140,139 | 99.65 | 21,714 | 0.35 | 6,161,853 | 26,232 |
| 5 Re-election of Mr Ominder Dhillon | 6,141,189 | 99.69 | 19,230 | 0.31 | 6,160,419 | 27,666 |
| 6 Re-election of Mr Robert Holmes | 6,143,835 | 99.71 | 17,758 | 0.29 | 6,161,593 | 26,493 |
| 7 Re-election of Mrs Clare Wardle | 6,140,880 | 99.69 | 19,128 | 0.31 | 6,160,008 | 28,079 |
| 8 Re-appointment of Ernst & Young LLP as auditors | 6,140,273 | 99.52 | 29,483 | 0.48 | 6,169,756 | 18,333 |
| 9 Audit and Risk Committee to determine the auditors' remuneration | 6,151,077 | 99.73 | 16,664 | 0.27 | 6,167,741 | 20,348 |
| 10 Approve the dividend payment policy | 6,174,254 | 99.92 | 4,861 | 0.08 | 6,179,115 | 8,974 |
| 11 Authority to allot ordinary shares | 6,140,154 | 99.49 | 31,595 | 0.51 | 6,171,749 | 16,338 |
| 12 Authority to disapply pre-emption rights on allotment or sale of ordinary shares* | 6,109,771 | 99.01 | 60,797 | 0.99 | 6,170,568 | 16,850 |
| 13 Authority to make market purchases of ordinary shares* | 6,151,625 | 99.77 | 14,110 | 0.23 | 6,165,735 | 22,354 |
| 14 Authority to make market purchases of preferred stock* | 6,147,823 | 99.78 | 13,729 | 0.22 | 6,161,552 | 26,539 |
| 15 Authority to call a general meeting on 14 clear days' notice* | 6,132,997 | 99.32 | 42,004 | 0.68 | 6,175,001 | 13,087 |
* Special resolution.
Holders of ordinary shares have one vote for every 15 shares held, holders of first preference stock have one vote for every £10 of stock held and holders of preferred ordinary stock have one vote for every £20 of stock held.
A copy of the special business resolutions will be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information please contact:
| Job Curtis Fund Manager The City of London Investment Trust plc Tel: 020 7818 4367
| Sally Porter For and on behalf of Janus Henderson Secretarial Services UK Limited Corporate Secretary to The City of London Investment Trust plc Tel: 020 7818 2550 |
| Harriet Hall PR Director, Investment Trusts Janus Henderson Investors Tel: 020 7818 2919 | |
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