Gresham House Strategic PLC Result of AGM (0333N)

TIDMGHS

RNS Number : 0333N

Gresham House Strategic PLC

19 September 2019

19 September 2019

GRESHAM HOUSE STRATEGIC PLC

(The "Company")

Results of Annual General Meeting

The Company announces that at its Annual General Meeting ("AGM") held earlier today, all the resolutions put to Shareholders were passed by the requisite majority. Resolutions 1 to 8 were passed as ordinary resolutions and Resolutions 9 and 10 were passed as special resolutions. The results of the proxy votes received were as follows:

 
         Resolution               For       %    Against    % 
                                                                   Withheld 
      1. To receive 
       the annual report 
       and accounts for 
       the year ended 
       31 March 2019.          1,619,754  78.97  431,470  21.03      8 
                               ---------  -----  -------  -----  ---------- 
      2. Declare a final 
       dividend of 11.1p 
       per share.              1,619,757  78.97  431,474  21.03      1 
                               ---------  -----  -------  -----  ---------- 
      3. To re-elect 
       Charles Berry 
       as a director.          1,418,955  76.67  431,741  23.33   200,536 
                               ---------  -----  -------  -----  ---------- 
      4. To re-elect 
       Ken Lever as a 
       director.               1,619,472  78.95  431,745  21.05      15 
                               ---------  -----  -------  -----  ---------- 
      5. To re-elect 
       David Potter as 
       a director.             1,619,743  78.96  431,477  21.04      12 
                               ---------  -----  -------  -----  ---------- 
      6. To re-elect 
       Helen Sinclair 
       as a director.          1,619,721  78.96  431,483  21.04      28 
                               ---------  -----  -------  -----  ---------- 
      7. To re-appoint 
       BDO (UK) LLP as 
       auditor and authorise 
       the determination 
       of their fees.          1,619,744  78.96  431,485  21.04      3 
                               ---------  -----  -------  -----  ---------- 
      8. To authorise 
       the Directors 
       to allot shares.        1,619,724  78.96  431,497  21.04      11 
                               ---------  -----  -------  -----  ---------- 
 9. To authorise 
  the Directors 
  to disapply pre-emption 
  rights.                      1,619,027  78.93  432,161  21.07      44 
                               ---------  -----  -------  -----  ---------- 
 10. To authorise 
  the Company to 
  purchase its own 
  shares.                      1,619,698  78.96  431,496  21.04      38 
                               ---------  -----  -------  -----  ---------- 
 

The Board has noted that the votes cast against all resolutions were slightly greater than 20% of those exercised in total by the Company's shareholders. The vast majority of these shares, however, were voted by only one institution. The Board engages with that shareholder on an ongoing basis (as it does with others) and reflects carefully upon the feedback received. While disappointed, the Board recognises the reasons behind the voting stance taken and will continue to engage with that shareholder, and others, during the coming year.

Notes:

1. Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" total.

2. Votes "For" and "Against" any resolution are expressed as a percentage (rounded to two decimal places) of votes validly cast for that resolution.

3. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

4. The Company's total ordinary shares in issue (total voting rights) as at 19 September 2019 was 3, 555,330 ordinary shares of 50 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.

For further information please contact:

 
 Gresham House Strategic 
  plc                       David Potter            07711 450 391 
 Gresham House Asset 
  Management Ltd 
  Investment Manager        Graham Bird             0203 837 6270 
 finnCap Ltd 
  Nominated Adviser         Matt Goode / William 
  and Broker                 Marle                  0207 220 0500 
 

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September 19, 2019 12:59 ET (16:59 GMT)