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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Smithson Investment Trust Plc | LSE:SSON | London | Ordinary Share | GB00BGJWTR88 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
12.00 | 0.86% | 1,402.00 | 1,396.00 | 1,400.00 | 1,402.00 | 1,390.00 | 1,390.00 | 704,491 | 16:35:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 322.72M | 293.32M | 1.8691 | 7.48 | 2.19B |
SMITHSON INVESTMENT TRUST PLC
LEI: 52990070BDK2OKX5TH79
5 March 2024
Continuation Vote
Following investor feedback the Board of Smithson Investment Trust plc (the "Company") announces that an ordinary resolution in favour of continuation of the Company will be included in the Notice of Annual General Meeting ("Notice of AGM").
As reported in the Chairman's Statement in the Report and Accounts, the Company's shares traded, on average, at a price which represented a 10.7 per cent. discount to net assets per share during 2023. In accordance with the prospectus issued at the time of the Company's listing in 2018, the Board considered whether to put a resolution to the next Annual General Meeting for shareholders to vote on whether the Company should continue in its present form. Having discussed the matter with its advisers, the Board concluded, given the consistently positive feedback from shareholders supporting the Company and its investment proposition, that such a resolution would not be appropriate.
Subsequent feedback from certain shareholders has, however, emphasised the value to them of a continuation vote as a point of principle. The Board has therefore determined that an ordinary resolution in favour of continuation will be included in the Notice of AGM.
The Board thanks those shareholders with whom it has engaged on this matter for their constructive input and support of the Company and looks forward to maintaining an open dialogue with investors going forward.
- Ends -
Contacts:
Smithson Investment Trust plc.:
smithsonchairman@fundsmith.co.uk
Media:
Kepler Communications
Charlotte Balbirnie Caroline Villiers
+44 (0)7989 528421 +44 (0)7808 585184
CBalbirnie@keplercomms.com CVilliers@keplercomms.com
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