Value and Income Trust plc Result of AGM (9542X)

TIDMVIN

RNS Number : 9542X

Value and Income Trust plc

03 September 2020

VALUE AND INCOME TRUST PLC

Result of Annual General Meeting

The Board announces that at the Annual General Meeting of Value and Income Trust PLC, held at 10.00am today, Thursday, 3 September 2020, at the offices of Maven Capital Partners UK LLP, First Floor Kintyre House, Glasgow G2 2LW, Ordinary Resolutions numbered 1 to 10, inclusive, and Special Resolutions numbered 11 to 13 inclusive, as set out in the Notice of Meeting within the 2020 Annual Report, were passed on a show of hands.

At the record date for the Annual General Meeting, being 1 September 2020, the total number of voting rights in the Company stood at 45,549,975 and the total number of shares in issue was 45,549,975. The Company advises that for the Annual General Meeting, 123 valid proxy appointments were made in respect of up to 16,462,981 shares.

In relation to Resolution 12 (authority to make market purchases of Ordinary Shares either for cancellation or for holding in treasury), 14.99% of the Company's issued Ordinary Share capital equated to 6,827,941 Ordinary Shares as at the date of the passing of the Resolution.

The numbers of proxy votes cast in respect of each Resolution were as follows:

 
               For and Chairman's           Against            Votes       Total Votes 
                   Discretion 
             ---------------------  ----------------------- 
 Resolution      No. of      % of     No. of        % of      Withheld      (excluding 
                                                                          Votes Withheld) 
   Number        Votes       Votes     Votes     Votes Cast 
                              Cast 
             =============  ======  ==========  ===========  ========= 
     1          16,301,876   99.98       3,769         0.02    180,517         16,305,645 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     2          16,144,358   99.37     101,867         0.63    239,938         16,246,225 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     3          16,128,863   99.49      82,205         0.51    275,095         16,211,068 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     4          13,965,603   86.73   2,137,015        13.27    383,544         16,102,618 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     5          14,442,775   87.74   2,019,013        12.26     24,374         16,461,788 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     6          15,831,750   97.21     453,739         2.79    200,674         16,285,489 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     7          14,872,634   91.32   1,412,854         8.68    200,674         16,285,488 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     8          16,241,332   99.77      36,634         0.23    208,197         16,277,966 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     9          16,248,059   99.86      22,484         0.14    215,620         16,270,543 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     10         16,197,231   98.39     265,750         1.61     23,182         16,462,981 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     11         16,035,924   97.54     403,903         2.46     46,336         16,439,827 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     12         16,207,559   99.43      93,476         0.57    185,127         16,301,035 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
     13         16,004,498   98.76     201,097         1.24    280,568         16,205,595 
-----------  -------------  ------  ----------  -----------  ---------  ----------------- 
 

Copies of Resolutions 10, 11, 12 and 13, all of which were passed at the AGM, have been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism *

A copy of the Managers' AGM presentation together with a copy of the 2020 Annual Report may be downloaded from

the websites of the Company's Investment Managers at   www.olim.co.uk and www.olimproperty.co.uk * 

*Neither the websites of the Company's Investment Managers, nor the NSM website, nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

Enquiries:

Miranda Kelly

Maven Capital Partners UK LLP

Company Secretary

Tel: [phone]

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September 03, 2020 05:35 ET (09:35 GMT)