RNS Number : 6610M
Utilico Emerging Markets Trust PLC
17 September 2019
 

17 September 2019

UTILICO EMERGING MARKETS TRUST PLC

(LEI Number: 2138005TJMCWR2394O39)

 

Result of Annual General Meeting

 

Utilico Emerging Markets Trust plc (the "Company") held its 2019 Annual General Meeting of its shareholders on 17 September 2019.

 

All resolutions proposed at the meeting were passed.  A copy of the Notice of Meeting is available at www.uemtrust.co.uk.  Resolution 3 was passed on a poll and the rest of the resolutions were passed on a show of hands.

 

The proxy voting figures received in advance of the meeting and the result of the poll are shown below.

 

Resolution 1: To receive and adopt the report of the Directors of the Company and the financial statements for the period ended 31 March 2019, together with the report of the auditor thereon

 


Number

Votes for/discretionary

142,858,352

100.00

Votes against

0

0.00

Total votes cast

142,858,352

100.00

Votes withheld

0


 

Resolution 2: To approve the Directors' Remuneration Policy

 


Number

Votes for/discretionary

142,608,801

99.84

Votes against

227,518

0.16

Total votes cast

142,836,319

100.00

Votes withheld

22,033


 

Resolution 3: To approve the Directors' Remuneration Report for the period ended 31 March 2019 (by way of a poll)

 


Number

Votes for

143,211,994

99.84

Votes against

233,130

0.16

Total votes cast

143,445,124

100.00

Votes withheld

24,607


 

Resolution 4: To approve the Company's dividend policy to pay four interim dividends per year

 


Number

Votes for/discretionary

142,857,027

100.00

Votes against

0

0.00

Total votes cast

142,857,027

100.00

Votes withheld

1,325


 

Resolution 5: To elect Mr Rennocks as a Director

 


Number

Votes for/discretionary

142,846,932

100.00

Votes against

52

0.00

Total votes cast

142,846,984

100.00

Votes withheld

11,368


 

Resolution 6: To elect Mr Milne as a Director

 


Number

Votes for/discretionary

142,817,354

99.98

Votes against

24,844

0.02

Total votes cast

142,842,198

100.00

Votes withheld

16,153


 

Resolution 7: To elect Ms Hansen as a Director

 


Number

Votes for/discretionary

131,327,178

91.95

Votes against

11,501,430

8.05

Total votes cast

142,828,608

100.00

Votes withheld

29,743


 

Resolution 8: To elect Mr Muh as a Director

 


Number

Votes for/discretionary

142,846,932

100.00

Votes against

52

0.00

Total votes cast

142,846,984

100.00

Votes withheld

11,368


 

Resolution 9: To re-appoint KPMG LLP as auditor to the Company to hold office until the conclusion of the next Annual General Meeting of the Company

 


Number

Votes for/discretionary

142,587,300

99.83

Votes against

241,362

0.17

Total votes cast

142,828,662

100.00

Votes withheld

29,690


 

Resolution 10: To authorise the Audit Committee to determine the auditor's remuneration.

 


Number

Votes for/discretionary

142,854,875

100.00

Votes against

903

0.00

Total votes cast

142,855,778

100.00

Votes withheld

2,574


 

Resolution 11: To authorise the Directors to allot securities for up to 5% of the ordinary shares in issue

 


Number

Votes for/discretionary

142,623,182

99.84

Votes against

223,241

0.16

Total votes cast

142,846,423

100.00

Votes withheld

11,929


 

Resolution 12: To authorise the dis-application of pre-emption rights for up to 5% of the ordinary shares in issue

 


Number

Votes for/discretionary

142,604,240

99.82

Votes against

251,538

0.18

Total votes cast

142,855,778

100.00

Votes withheld

2,574


 

Resolution 13: To authorise the Company to make market purchases of ordinary shares for up to 14.99% of the ordinary shares in issue

 


Number

Votes for/discretionary

142,634,545

99.84

Votes against

223,807

0.16

Total votes cast

142,858,352

100.00

Votes withheld

0


 

In accordance with Listing Rule 9.6.3 (1), copies of the resolutions (other than those resolutions comprising ordinary business) will shortly be made available for inspection on the National Storage Mechanism at www.morningstar.co.uk/uk/NSM.

 

 

Name of contact and telephone number for enquiries:

ICM Investment Management Limited                                 +44(0)1372 271486

Charles Jillings / Alastair Moreton

 

Montfort Communications

Gay Collins, Mike Foster, Toto Reissland-Burghart              +44(0)203 770 7905 / 7907

utilico@montfort.london

 


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