Mid Wynd International Investment Trust Plc - Result of AGM
PR Newswire
LONDON, United Kingdom, October 26
Mid Wynd International Investment Trust plc ('the Company')
Legal Entity Identifier: 549300D32517C2M3A561
Result of Annual General Meeting
Following the Annual General Meeting ('AGM') of the Company, held on 26 October 2023, the Board is pleased to announce that all ordinary and special resolutions were duly passed.
A copy of the Company's Annual Report & Accounts for the year ended 30 June 2023, which contains the full text of the resolutions in the Notice of Annual General Meeting is available for viewing at the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at www.midwynd.com.
Valid proxy votes received were as follows:
| Resolution | Total votes for/discretion | % | Total votes against | % | Total votes (exc. votes withheld) | Total votes withheld |
| Ordinary Resolutions |
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1 | To receive and adopt the Annual Financial Report of the Company for the financial year ended 30 June 2023 together with the Report of the Directors. | 12,143,458 | 99.97 | 3,110 | 0.03 | 12,146,568 | 6,071 |
2 | To approve the Directors' Remuneration Policy. | 11,979,324 | 99.00 | 121,061 | 1.00 | 12,100,385 | 52,254 |
3 | To approve the Director's Remuneration Report for the year ended 30 June 2023. | 12,009,491 | 99.21 | 95,334 | 0.79 | 12,104,825 | 47,814 |
4 | To approve a final dividend of 3.95 pence per ordinary share for the year ended 30 June 2023. | 12,144,877 | 99.97 | 3,110 | 0.03 | 12,147,987 | 4,652 |
5* | To re-elect Russell Napier as a Director of the Company. | 9,681,641 | 79.93 | 2,431,565 | 20.07 | 12,113,206 | 39,433 |
6 | To re-elect Diana Dyer Bartlett as a Director of the Company. | 11,773,026 | 97.16 | 344,026 | 2.84 | 12,117,052 | 35,587 |
7 | To re-elect David Kidd as a Director of the Company. | 11,772,490 | 97.16 | 343,970 | 2.84 | 12,116,460 | 36,179 |
8 | To re-elect Alan Scott as a Director of the Company. | 10,589,643 | 87.41 | 1,525,474 | 12.59 | 12,115,117 | 37,522 |
9 | To elect Hamish Baillie as a Director of the Company. | 12,113,834 | 99.93 | 8,262 | 0.07 | 12,122,096 | 30,543 |
10 | To re-appoint Johnston Carmichael LLP as Independent Auditors of the Company. | 12,128,680 | 99.93 | 9,055 | 0.07 | 12,137,735 | 14,904 |
11 | To authorise the Directors to determine the remuneration of the Independent Auditor. | 12,133,841 | 99.96 | 4,673 | 0.04 | 12,138,514 | 14,125 |
12 | To authorise the Directors to allot ordinary shares pursuant to section 551 of the Companies Act 2006. | 12,101,608 | 99.76 | 29,615 | 0.24 | 12,131,223 | 21,416 |
| Special Resolutions |
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13 | To authorise the Directors to make market purchases of up to 14.99 per cent of the Company's issued share capital. | 11,137,595 | 91.71 | 1,007,184 | 8.29 | 12,144,779 | 7,860 |
14 | To authorise the Directors to disapply statutory pre-emption rights when allotting ordinary shares. | 12,001,546 | 98.88 | 136,096 | 1.12 | 12,137,642 | 14,997 |
15 | To authorise the calling of a general meeting at 14 clear days' notice. | 12,019,058 | 99.00 | 121,904 | 1.00 | 12,140,962 | 11,677 |
*Resolution 5, the re-election of the Chairman of the Board received less than 80% of the votes cast in favour. As disclosed within the Company's Annual Report & Accounts for the year ended 30 June 2023, Mr Napier has signalled his intention to step down from the Board of the Company at the 2024 AGM. The Board does, however, intend to consult with shareholders to discuss any specific concerns that have influenced their voting and a statement detailing the outcome of this consultation, including views received from shareholders and any actions taken as a result, will be published by the Company no later than 26 April 2024 in accordance with the AIC Code of Corporate Governance.
As at the record date of 24 October 2023, the Company's issued ordinary share capital comprised of 66,381,114 ordinary shares of which 10,071,798 ordinary shares were held in Treasury. Therefore, the total number of ordinary shares with voting rights in the Company was 56,309,316.
In accordance with Listing Rule 9.6.2, copies of the special business resolutions passed at the AGM will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
All enquiries to:
Juniper Partners Limited, Company Secretary
0131 378 0500
26 October 2023
