Aberforth Smaller Companies Trust Plc - Result of AGM

PR Newswire

LONDON, United Kingdom, March 06

 

Aberforth Smaller Companies Trust plc

 

Annual General Meeting held on 6 March 2025

 

The Board of Aberforth Smaller Companies Trust plc hereby reports that all the resolutions proposed at the Annual General Meeting held on 6 March 2025 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 2024 be
     adopted.

 

 

45,611,979

 

 

95.25%

 

 

2,275,752

 

 

4.75%

 

 

47,887,731

 

 

6,819

2    That the Directors’
     Remuneration Report for   the year ended 31
     December 2024 be
     approved.

 

 

47,812,027

 

 

99.88%

 

 

56,659

 

 

0.12%

 

 

47,868,686

 

 

25,864

3    That a final dividend of  30.00p per share and a   special dividend of 6.00p  per share be approved.

 

47,885,536

 

99.99%

 

3,923

 

0.01%

 

47,889,459

 

5,091

4   That Richard Davidson be
     re-elected as a Director.  

47,859,516

99.97%

16,467

0.03%

47,875,983

18,567

5    That Jaz Bains be
     re-elected as a Director.   

47,855,080

99.96%

18,626

0.04%

47,873,706

20,844

6    That Patricia Dimond be   re-elected as a Director.   

47,856,925

99.96%

16,781

0.04%

47,873,706

20,844

7    That Victoria Stewart be  re-elected as a Director.

47,855,850

99.96%

17,651

0.04%

47,873,501

21,049

8    That Martin Warner be r e-elected as a Director.

47,859,259

99.97%

15,531

0.03%

47,874,790

19,760

9   That Johnston
     Carmichael LLP be

     re-appointed 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.

 

47,723,616

 

99.96%

 

19,966

 

0.04%

 

47,743,582

 

150,968

10 That the Audit
      Committee be
       authorised to determine
the remuneration of the
      Independent Auditor for  the year to 31 December  2025.

 

 

47,861,131

 

 

99.97%

 

 

14,951

 

 

0.03%

 

 

47,876,082

 

 

18,468

11 That the Company be
      authorised to buy back  Ordinary Shares.

48,027,854

99.57%

206,034

0.43%

48,233,888

6,491

 

 

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 10 were ordinary resolutions and resolution 11 was a special resolution.
  4. The total votes cast represented 57.90% of the 82,724,105 Ordinary Shares in issue at 4 March 2025.

 

 

The full text of the resolutions can be found in the Notice of the Annual General Meeting contained in the 2024 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

 

6 March 2025