Mid Wynd International Investment Trust Plc Result of AGM
26 Octobre 2023 - 6:08PM
UK Regulatory
TIDMMWY
Mid Wynd International Investment Trust plc (`the Company')
Legal Entity Identifier: 549300D32517C2M3A561
Result of Annual General Meeting
Following the Annual General Meeting ('AGM') of the Company, held on 26 October
2023, the Board is pleased to announce that all ordinary and special resolutions
were duly passed.
A copy of the Company's Annual Report & Accounts for the year ended 30 June
2023, which contains the full text of the resolutions in the Notice of Annual
General Meeting is available for viewing at the National Storage
Mechanismhttps://data.fca.org.uk/#/nsm/nationalstoragemechanismand on the
Company's website at www.midwynd.com.
Valid proxy votes received were as follows:
+--+------------+--------------+-----+---------+-----+-----------+--------+
| |Resolution |Total votes |% |Total |% |Total votes|Total |
| | |for/discretion| |votes | |(exc. votes|votes |
| | | | |against | |withheld) |withheld|
+--+------------+--------------+-----+---------+-----+-----------+--------+
| |Ordinary | | | | | | |
| |Resolutions | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|1 |To receive |12,143,458 |99.97|3,110 |0.03 |12,146,568 |6,071 |
| |and adopt | | | | | | |
| |the Annual | | | | | | |
| |Financial | | | | | | |
| |Report of | | | | | | |
| |the Company | | | | | | |
| |for the | | | | | | |
| |financial | | | | | | |
| |year ended | | | | | | |
| |30 June 2023| | | | | | |
| |together | | | | | | |
| |with the | | | | | | |
| |Report of | | | | | | |
| |the | | | | | | |
| |Directors. | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|2 |To approve |11,979,324 |99.00|121,061 |1.00 |12,100,385 |52,254 |
| |the | | | | | | |
| |Directors' | | | | | | |
| |Remuneration| | | | | | |
| |Policy. | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|3 |To approve |12,009,491 |99.21|95,334 |0.79 |12,104,825 |47,814 |
| |the | | | | | | |
| |Director's | | | | | | |
| |Remuneration| | | | | | |
| |Report for | | | | | | |
| |the year | | | | | | |
| |ended 30 | | | | | | |
| |June 2023. | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|4 |To approve a|12,144,877 |99.97|3,110 |0.03 |12,147,987 |4,652 |
| |final | | | | | | |
| |dividend of | | | | | | |
| |3.95 pence | | | | | | |
| |per ordinary| | | | | | |
| |share for | | | | | | |
| |the year | | | | | | |
| |ended 30 | | | | | | |
| |June 2023. | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|5*|To re-elect |9,681,641 |79.93|2,431,565|20.07|12,113,206 |39,433 |
| |Russell | | | | | | |
| |Napier as a | | | | | | |
| |Director of | | | | | | |
| |the Company.| | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|6 |To re-elect |11,773,026 |97.16|344,026 |2.84 |12,117,052 |35,587 |
| |Diana Dyer | | | | | | |
| |Bartlett as | | | | | | |
| |a Director | | | | | | |
| |of the | | | | | | |
| |Company. | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|7 |To re-elect |11,772,490 |97.16|343,970 |2.84 |12,116,460 |36,179 |
| |David Kidd | | | | | | |
| |as a | | | | | | |
| |Director of | | | | | | |
| |the Company.| | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|8 |To re-elect |10,589,643 |87.41|1,525,474|12.59|12,115,117 |37,522 |
| |Alan Scott | | | | | | |
| |as a | | | | | | |
| |Director of | | | | | | |
| |the Company.| | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|9 |To elect |12,113,834 |99.93|8,262 |0.07 |12,122,096 |30,543 |
| |Hamish | | | | | | |
| |Baillie as a| | | | | | |
| |Director of | | | | | | |
| |the Company.| | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|10|To re |12,128,680 |99.93|9,055 |0.07 |12,137,735 |14,904 |
| |-appoint | | | | | | |
| |Johnston | | | | | | |
| |Carmichael | | | | | | |
| |LLP as | | | | | | |
| |Independent | | | | | | |
| |Auditors of | | | | | | |
| |the Company.| | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|11|To authorise|12,133,841 |99.96|4,673 |0.04 |12,138,514 |14,125 |
| |the | | | | | | |
| |Directors to| | | | | | |
| |determine | | | | | | |
| |the | | | | | | |
| |remuneration| | | | | | |
| |of the | | | | | | |
| |Independent | | | | | | |
| |Auditor. | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|12|To authorise|12,101,608 |99.76|29,615 |0.24 |12,131,223 |21,416 |
| |the | | | | | | |
| |Directors to| | | | | | |
| |allot | | | | | | |
| |ordinary | | | | | | |
| |shares | | | | | | |
| |pursuant to | | | | | | |
| |section 551 | | | | | | |
| |of the | | | | | | |
| |Companies | | | | | | |
| |Act 2006. | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
| |Special | | | | | | |
| |Resolutions | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|13|To authorise|11,137,595 |91.71|1,007,184|8.29 |12,144,779 |7,860 |
| |the | | | | | | |
| |Directors to| | | | | | |
| |make market | | | | | | |
| |purchases of| | | | | | |
| |up to 14.99 | | | | | | |
| |per cent of | | | | | | |
| |the | | | | | | |
| |Company's | | | | | | |
| |issued share| | | | | | |
| |capital. | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|14|To authorise|12,001,546 |98.88|136,096 |1.12 |12,137,642 |14,997 |
| |the | | | | | | |
| |Directors to| | | | | | |
| |disapply | | | | | | |
| |statutory | | | | | | |
| |pre-emption | | | | | | |
| |rights when | | | | | | |
| |allotting | | | | | | |
| |ordinary | | | | | | |
| |shares. | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
|15|To authorise|12,019,058 |99.00|121,904 |1.00 |12,140,962 |11,677 |
| |the calling | | | | | | |
| |of a general| | | | | | |
| |meeting at | | | | | | |
| |14 clear | | | | | | |
| |days' | | | | | | |
| |notice. | | | | | | |
+--+------------+--------------+-----+---------+-----+-----------+--------+
*Resolution 5, the re-election of the Chairman of the Board received less than
80% of the votes cast in favour. As disclosed within the Company's Annual Report
& Accounts for the year ended 30 June 2023, Mr Napier has signalled his
intention to step down from the Board of the Company at the 2024 AGM. The Board
does, however, intend to consult with shareholders to discuss any specific
concerns that have influenced their voting and a statement detailing the outcome
of this consultation, including views received from shareholders and any actions
taken as a result, will be published by the Company no later than 26 April 2024
in accordance with the AIC Code of Corporate Governance.
As at the record date of 24 October 2023, the Company's issued ordinary share
capital comprised of 66,381,114 ordinary shares of which 10,071,798 ordinary
shares were held in Treasury. Therefore, the total number of ordinary shares
with voting rights in the Company was 56,309,316.
In accordance with Listing Rule 9.6.2, copies of the special business
resolutions passed at the AGM will be submitted to the National Storage
Mechanism and will shortly be available for inspection
at:https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
All enquiries to:
Juniper Partners Limited, Company Secretary
0131 378 0500
26 October 2023
This information was brought to you by Cision http://news.cision.com
END
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