Result of AGM

by Fundsmith | 22 May, 2019 17:06:46


Fundsmith Emerging

Result of AGM

RNS Number : 9044Z
Fundsmith Emerging Equities Tst PLC
22 May 2019
 

FUNDSMITH EMERGING EQUITIES TRUST plc

 

Results of the Annual General Meeting Held on 22 May 2019

 

The Board is pleased to announce that at the Annual General Meeting (AGM) held on Wednesday, 22 May 2019, all resolutions were duly passed by shareholders on a show of hands.  The proxy voting figures are shown below:

 

Resolutions (Ordinary unless stated otherwise)

Votes For

%

Votes Against

%

Total Votes Cast

Votes

Withheld

Ordinary Business


1.     To receive and accept the Annual Report for the year ended 31 December 2018.

 

3,421,744

100

0

0.00

3,421,744

85

2.     To approve the payment of a final dividend of 2 pence per ordinary share for the year ended 31 December 2018.

 

3,421,829

100

0

0.00

3,421,829

0

3.     To re-elect Martin Bralsford as a Director of the Company.

 

3,419,901

99.97

1,182

0.03

3,421,083

746

4.     To re-elect David Potter as a Director of the Company.

 

3,420,901

99.99

166

0.01

3,421,067

762

5.     To re-elect John Spencer as a Director of the Company.

 

3,418,618

99.93

2,449

0.07

3,421,067

762

6.     To elect Rachel de Gruchy as a Director of the Company.

 

3,408,848

99.93

2,283

0.07

3,411,131

10,698

7.     To approve the Directors' Remuneration Report for the year ended 31 December 2018.

 

3,417,380

99.93

2,234

0.06

3,419,614

2,215

8.     To re-appoint Deloitte LLP as Auditor to the Company and to authorise the Audit Committee to determine their remuneration.

 

3,418,847

99.94

1,941

0.06

3,420,788

1,041

Special Business

 


9.     To authorise the Directors to allot securities in the Company up to an amount representing 10% of the issued share capital.

 

3,419,203

99.94

1,905

0.06

3,421,108

721

10.  #To disapply the pre-emption rights in relation to the allotment of shares up to an amount representing 10% of the issued share capital.

 

3,413,558

99.78

7,566

0.22

3,421,124

705

11.  #To authorise the Directors to sell Treasury Shares on a non-pre-emptive basis and at a narrower discount to the net asset value per share at which they are bought in.

 

2,744,201

80.23

676,266

19.77

3,420,467

1,362

12.  #To authorise the Company to make market purchases of Ordinary shares in the Company.      

 

3,389,748

99.96

1,376

0.04

3,391,124

30,705

13.  #That the Directors be authorised to call general meetings (other than annual general meetings) on not less than 14 clear days' notice.

3,310,186

96.74

111,643

3.26

3,421,829

0

 

# - Special Resolution

 

Any proxy votes which are at the discretion of the Chairman have been included in the "for" total. A vote withheld is not a vote in law and is not counted in the calculations of votes cast by proxy.  At the date of the AGM the total number of Ordinary shares of 1p each in issue and the total number of voting rights was 26,640,056.

 

The proxy voting figures will shortly also be available on the Company's website at www.feetplc.co.uk  

 

In accordance with Listing Rule 9.6.2, the full text of the special business resolutions passed has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.  The special business resolutions will additionally be filed at Companies House.

 

22 May 2019

For further information please contact:

Katherine Manson               Frostrow Capital LLP - Company Secretary    020 3709 8734


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