F&C Managed Portfolio Trust PLC Result of AGM (3164B)
20 September 2018 - 1:54AM
UK Regulatory
TIDMFMPG
RNS Number : 3164B
F&C Managed Portfolio Trust PLC
19 September 2018
To: RNS
Date: 19 September 2018
Company: F&C Managed Portfolio Trust plc
LEI: 213800ZA6TW45NM9YY31
Subject: Result of Annual General Meeting
F&C Managed Portfolio Trust plc (the "Company") announces
that, at the Annual General Meeting held on 19 September 2018, all
16 resolutions proposed were duly passed, including those detailed
below:
-- An ordinary resolution renewing the Directors' authority to
allot new Income shares up to an aggregate nominal amount of
GBP430,500 (equating to 4,305,000 Income shares) and new Growth
shares up to an aggregate nominal amount of GBP353,600 (equating to
3,536,000 Growth shares) being approximately 10% of the Company's
total issued Income shares and approximately 10% of the Company's
total issued Growth shares respectively (excluding shares held in
treasury). This authority will expire at the conclusion of the
Company's next Annual General Meeting to be held after the passing
of this resolution or on the expiry of 15 months from the passing
of this resolution, whichever is earlier, unless previously
revoked, varied or extended by the Company in general meeting.
-- A special resolution renewing the Directors' authority to
allot new Income shares up to an aggregate nominal amount of
GBP430,500 (equating to 4,305,000 Income shares) and new Growth
shares up to an aggregate nominal amount of GBP353,600 (equating to
3,536,000 Growth shares) being approximately 10% of the Company's
total issued Income shares and approximately 10% of the Company's
total issued Growth shares respectively (including shares held in
treasury) for cash without first offering such shares to existing
shareholders pro rata to their existing holdings. This authority
will expire at the conclusion of the Company's next Annual General
Meeting to be held after the passing of this resolution or on the
expiry of 15 months from the passing of this resolution, whichever
is earlier unless previously varied, revoked or renewed by the
Company in general meeting.
-- A special resolution renewing the Directors' authority to
make market purchases of up to 6,453,900 Income shares and
5,301,500 Growth shares being approximately 14.99% of the issued
Income shares and 14.99% of the issued Growth shares (excluding
Income shares and Growth shares held in treasury). This authority
will expire at the conclusion of the Company's next Annual General
Meeting or on 19 December 2019, whichever is the earlier, unless
previously varied, revoked or renewed by the Company in general
meeting.
-- An ordinary resolution authorising the Directors to sell
Income shares and/or Growth shares held in treasury at a discount
to net asset value subject to set conditions.
-- A special resolution renewing the Directors' authority to
sell shares from treasury without having first to make a pro rata
offer to existing shareholders limited up to an aggregate nominal
amount of GBP430,500 in respect of Income shares (equating to
4,305,000 Income shares) and GBP353,600 in respect of Growth shares
(equating to 3,536,000 Growth shares). This authority shall expire
at the conclusion of the next Annual General Meeting of the Company
or on 19 December 2019, whichever is the earlier, unless previously
varied, revoked or renewed by the Company in general meeting.
-- A special resolution to approve the proposed Purchase
Contract to enable the Company to make off-market purchases of its
own deferred shares.
-- A special resolution to adopt new Articles of Association.
-- An ordinary resolution approving the continuation of the Company.
The full text of all the resolutions can be found in the Notice
of Annual General Meeting set out in the Annual Report and
Financial Statements for the year ended 31 May 2018 which was
submitted to the National Storage Mechanism on 6 August 2018 and is
available for inspection at www.morningstar.co.uk/uk/nsm
A summary of the proxy votes received will shortly be available
on the Company's website www.fcmanagedportfolio.co.uk.
For further information please contact:
F&C Investment Business Limited
Company Secretary
Telephone: 0131 718 1010
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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