LONDON STOCK EXCHANGE
ANNOUNCEMENT
THE MERCANTILE INVESTMENT TRUST
PLC
RESULT OF POLL AT ANNUAL GENERAL
MEETING
Legal Entity Identifier:
549300BGX3CJIHLP2H42
Information disclosed in accordance
with LR 9.6.18
Following the Annual General Meeting
of the Company, which was held today, the Board is pleased to
announce that all of the Ordinary Resolutions put to shareholders
were voted on by poll and passed. In addition, the following items
of special business were voted on by poll and passed
which:
i) allow
the Directors of the Company to exercise all powers of the Company
to allot shares in the Company up to an aggregate nominal amount of
£1,941,395 representing approximately 10% of the Company's issued
ordinary share capital as at 11th April 2024;
ii) allow the
disapplication of pre-emption rights on the allotment of new
ordinary shares up to an aggregate nominal amount of
£2,361,230;
iii) allow the
Company to make market purchases of up 14.99% of the Company's
issued share capital;
iv) approved the
Company's dividend policy to continue to pay four quarterly interim
dividends; and
v) allow the
Company to hold a general meeting, other than an Annual General
Meeting, on not less than 14 clear days' notice.
The full results of the poll
conducted at today's meeting are detailed below and will shortly be
available on the Company's website, www.mercantileit.co.uk
|
VOTES
FOR
|
%
|
VOTES
AGAINST
|
%
|
VOTES
TOTAL
|
% of ISC
VOTED
|
VOTES
WITHHELD
|
1
|
408,330,951
|
99.97
|
114,853
|
0.03
|
408,445,804
|
52.63%
|
140,576
|
2
|
407,271,679
|
99.84
|
655,831
|
0.16
|
407,927,510
|
52.57%
|
658,870
|
3
|
407,399,238
|
99.85
|
608,073
|
0.15
|
408,007,311
|
52.58%
|
579,069
|
4
|
404,100,685
|
98.97
|
4,212,186
|
1.03
|
408,312,871
|
52.62%
|
273,509
|
5
|
404,062,688
|
98.96
|
4,250,183
|
1.04
|
408,312,871
|
52.62%
|
273,509
|
6
|
404,081,436
|
98.97
|
4,185,078
|
1.03
|
408,266,514
|
52.61%
|
319,866
|
7
|
404,042,600
|
98.96
|
4,242,271
|
1.04
|
408,284,871
|
52.61%
|
301,509
|
8
|
404,096,755
|
98.97
|
4,216,116
|
1.03
|
408,312,871
|
52.62%
|
273,509
|
9
|
404,010,939
|
98.95
|
4,301,932
|
1.05
|
408,312,871
|
52.62%
|
273,509
|
10
|
408,128,020
|
99.94
|
248,037
|
0.06
|
408,376,057
|
52.63%
|
210,323
|
11
|
408,128,237
|
99.93
|
294,331
|
0.07
|
408,422,568
|
52.63%
|
163,812
|
12
|
407,673,396
|
99.84
|
667,971
|
0.16
|
408,341,367
|
52.62%
|
245,013
|
13
|
403,714,032
|
98.84
|
4,725,671
|
1.16
|
408,439,703
|
52.63%
|
146,677
|
14
|
408,266,252
|
99.96
|
176,782
|
0.04
|
408,443,034
|
52.63%
|
143,346
|
15
|
407,191,825
|
99.73
|
1,103,584
|
0.27
|
408,295,409
|
52.62%
|
290,971
|
The full text of all the resolutions
can be found in the Notice of Annual General Meeting contained in
the Annual Report and Financial Statements which is available for
viewing at the National Storage Mechanism which can be located
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
and from the Company's website,
www.mercantileit.co.uk
29th May 2024
For further information, please
contact:
Alison Vincent
For and on behalf of
JPMorgan Funds Limited - Company
Secretary
020 7742 4000