F&C Managed Portfolio Trust PLC Result of AGM (3164B)

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RNS Number : 3164B

F&C Managed Portfolio Trust PLC

19 September 2018

   To:                   RNS 
   Date:               19 September 2018 
   Company:       F&C Managed Portfolio Trust plc 
   LEI:                  213800ZA6TW45NM9YY31 

Subject: Result of Annual General Meeting

F&C Managed Portfolio Trust plc (the "Company") announces that, at the Annual General Meeting held on 19 September 2018, all 16 resolutions proposed were duly passed, including those detailed below:

-- An ordinary resolution renewing the Directors' authority to allot new Income shares up to an aggregate nominal amount of GBP430,500 (equating to 4,305,000 Income shares) and new Growth shares up to an aggregate nominal amount of GBP353,600 (equating to 3,536,000 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 10% of the Company's total issued Growth shares respectively (excluding shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier, unless previously revoked, varied or extended by the Company in general meeting.

-- A special resolution renewing the Directors' authority to allot new Income shares up to an aggregate nominal amount of GBP430,500 (equating to 4,305,000 Income shares) and new Growth shares up to an aggregate nominal amount of GBP353,600 (equating to 3,536,000 Growth shares) being approximately 10% of the Company's total issued Income shares and approximately 10% of the Company's total issued Growth shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.

-- A special resolution renewing the Directors' authority to make market purchases of up to 6,453,900 Income shares and 5,301,500 Growth shares being approximately 14.99% of the issued Income shares and 14.99% of the issued Growth shares (excluding Income shares and Growth shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting or on 19 December 2019, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

-- An ordinary resolution authorising the Directors to sell Income shares and/or Growth shares held in treasury at a discount to net asset value subject to set conditions.

-- A special resolution renewing the Directors' authority to sell shares from treasury without having first to make a pro rata offer to existing shareholders limited up to an aggregate nominal amount of GBP430,500 in respect of Income shares (equating to 4,305,000 Income shares) and GBP353,600 in respect of Growth shares (equating to 3,536,000 Growth shares). This authority shall expire at the conclusion of the next Annual General Meeting of the Company or on 19 December 2019, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

-- A special resolution to approve the proposed Purchase Contract to enable the Company to make off-market purchases of its own deferred shares.

   --     A special resolution to adopt new Articles of Association. 
   --     An ordinary resolution approving the continuation of the Company. 

The full text of all the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Financial Statements for the year ended 31 May 2018 which was submitted to the National Storage Mechanism on 6 August 2018 and is available for inspection at www.morningstar.co.uk/uk/nsm

A summary of the proxy votes received will shortly be available on the Company's website www.fcmanagedportfolio.co.uk.

For further information please contact:

F&C Investment Business Limited

Company Secretary

Telephone: [phone]

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September 19, 2018 11:54 ET (15:54 GMT)