Aberforth Smaller Companies Trust Plc - Result of AGM

PR Newswire

London, March 2

Aberforth Smaller Companies Trust plc

Annual General Meeting held on 2 March 2023

The Board of Aberforth Smaller Companies Trust plc hereby reports that all the resolutions proposed at the Annual General Meeting held on 2 March 2023 were passed by Shareholders on a poll.  

The table below shows the results of the poll.

Resolution Votes For % Votes For Votes Against % Votes Against Total Votes cast (excluding Votes Withheld)


Votes Withheld
1   That the Report and
     Financial Statements for
     the year ended 31
     December 2022 be
     adopted.

52,260,543

95.84%

2,268,467

4.16%

54,529,010

3,649
2   That the Directors’
     Remuneration Report for
     the year ended 31
     December 2022 be
     approved.

53,804,899

98.71%

705,899

1.29%

54,510,798

21,861
3   That the Directors’
     Remuneration Policy be
     approved.     
53,799,099
98.69%
713,699
1.31%
54,512,798
19,861
4   That a final dividend of
     26.95p per share and a
     special dividend of 8.30p
     per share be approved.
54,529,596
100.00%
440
0.00%
54,530,036
2,623
5   That Richard Davidson be
     re-elected as a Director. 		 54,356,887 99.71% 157,570 0.29% 54,514,457 18,202
6   That Jaz Bains be elected
     as a Director.  		 54,506,754 99.98% 10,503 0.02% 54,517,257 15,402
7   That Patricia Dimond be
     elected as a Director.  		 54,513,100 99.99% 4,157 0.01% 54,517,257 15,402
8   That Victoria Stewart be
      re-elected as a Director.		 54,513,300 99.99% 3,957 0.01% 54,517,257 15,402
9   That Martin Warner be
     re-elected as a Director.		 54,516,300 100.00% 957 0.00% 54,517,257 15,402
10 To appoint Johnston
     Carmichael LLP as
     Independent Auditor of
     the Company to hold
     office until the
     conclusion of the next
     Annual General Meeting
     at which the Financial
     Statements are laid
     before the Company.

54,513,644

99.99%

4,138

0.01%

54,517,782

14,877

   

11 That the Audit
      Committee be
      authorised to determine
      the remuneration of the
      Independent Auditor for
      the year to 31 December
      2023.

54,527,406

99.99%

3,164

0.01%

54,530,570

2,089
12 That the Company
      continues to manage its
      affairs as an investment
      trust (as defined by
      Section 1158 of the
      Corporation Taxes Act
      2010).

51,299,479

100.00%

1,233

0.00%

51,300,712

3,231,947
13 That the Company be
      authorised to buy back
      Ordinary Shares.		 53,643,924 98.37% 886,846 1.63% 54,530,770 1,889

Notes

  1. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
  2. Proxy appointments which gave discretion to the Chairman have been included as votes for the resolution.
  3. Resolutions 1 to 12 were ordinary resolutions and resolution 13 was a special resolution.
  4. The total votes cast represented 63.97% of the 85,249,605 Ordinary Shares in issue at 28 February 2023.

The full text of the resolutions can be found in the Notice of the Annual General Meeting contained in the 2022 Annual Report and Financial Statements which is on the website www.aberforth.co.uk.  The report has been submitted to the National Storage Mechanism and is available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Contact

Michael Campbell, Aberforth Partners LLP, Secretaries

Telephone: 0131 220 0733

2 March 2023