TIDMLWI
RNS Number : 1235N
Lowland Investment Co PLC
27 January 2021
HENDERSON INVESTMENT FUNDS LIMITED
LOWLAND INVESTMENT COMPANY PLC
LEGAL ENTITY IDENTIFIER: 2138008RHG5363FEHV19
27 January 2021
LOWLAND INVESTMENT COMPANY PLC
Annual General Meeting held on 27 January 2021
Lowland Investment Company plc announces that at the Annual
General Meeting held earlier today all resolutions proposed were
duly passed on a poll. This included four Special Resolutions
authorising:
- up to 10% of the share capital to be issued or sold out of treasury without first
offering them to existing shareholders in accordance with
statutory
pre-emption procedures;
- market purchases of the Company's ordinary shares up to a
maximum of 14.99% of the issued ordinary share capital (equivalent
to 4,050,082 ordinary shares as at today's date) at the maximum
price per share (exclusive of expenses) not exceeding the higher
of:
i) 105% of the average middle market quotations for the five
business days preceding the date of purchase; and
ii) the higher of the last independent bid and the highest
current independent bid on the London Stock Exchange; and
- that a General Meeting other than an Annual General Meeting
may be called on not less than 14 clear days' notice.
- The adoption of new Articles of Association
The full text of all the resolutions can be found in the Notice
of Meeting, copies of which are available for viewing at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
.
The poll results were as follows:
Votes cast
(excluding
votes withheld)
as a percentage
of total
Votes Total votes voting Votes
Resolutions Votes for % against % cast rights withheld
1. Annual Report
and audited financial
statements 6,931,080 99.90 6,914 0.10 6,937,994 26 9,058
---------- ------ --------- ----- ------------ ----------------- ----------
2. Directors'
Remuneration Report 6,868,429 99.64 24,518 0.36 6,892,947 26 54,105
---------- ------ --------- ----- ------------ ----------------- ----------
3. Approve a final
dividend of 15.0p
per share 6,940,108 99.99 819 0.01 6,940,927 26 6,125
---------- ------ --------- ----- ------------ ----------------- ----------
4. To re-elect
Robert Robertson
as a Director 6,889,989 99.57 29,548 0.43 6,919,537 26 27,514
---------- ------ --------- ----- ------------ ----------------- ----------
5. To re-elect
Duncan Budge as
a Director 6,883,290 99.49 35,038 0.51 6,918,328 26 28,724
---------- ------ --------- ----- ------------ ----------------- ----------
6. To re-elect
(Susan) Gaynor
Coley as a Director 6,893,452 99.58 29,000 0.42 6,922,452 26 24,600
---------- ------ --------- ----- ------------ ----------------- ----------
7. To re-elect
Karl Sternberg
as a Director 6,791,845 98.24 121,435 1.76 6,913,280 26 33,771
---------- ------ --------- ----- ------------ ----------------- ----------
8. To re-elect
Thomas Walker
as a Director 6,891,462 99.61 26,866 0.39 6,918,328 26 28,724
---------- ------ --------- ----- ------------ ----------------- ----------
9. Re-appoint
Ernst & Young
LLP as statutory
auditor 6,882,025 99.42 40,313 0.58 6,922,338 26 24,714
---------- ------ --------- ----- ------------ ----------------- ----------
10. Authorise
Directors to determine
the remuneration
of the statutory
auditor 6,910,819 99.85 10,191 0.15 6,921,010 26 26,042
---------- ------ --------- ----- ------------ ----------------- ----------
11. Authority
to allot relevant
securities 6,894,726 99.60 28,003 0.41 6,922,729 26 24,323
---------- ------ --------- ----- ------------ ----------------- ----------
12. Authority
to disapply pre-emption
rights* 6,835,310 98.97 71,328 1.04 6,906,638 26 40,414
---------- ------ --------- ----- ------------ ----------------- ----------
13. Authority
to repurchase
ordinary shares* 6,884,535 99.37 43,333 0.63 6,927,868 26 19,183
---------- ------ --------- ----- ------------ ----------------- ----------
14. 14 days' notice
for a General
Meeting* 6,877,597 99.33 46,727 0.68 6,924,324 26 22,728
---------- ------ --------- ----- ------------ ----------------- ----------
15. Updated Articles
of Association* 6,345,099 92.03 549,374 8.00 6,894,473 26 50,578
---------- ------ --------- ----- ------------ ----------------- ----------
* special resolution
For the purposes of section 341 of the Companies Act 2006, the
votes validly cast are expressed in the table above as a percentage
of the Company's total voting rights as at 3.30 p.m. on 25 January
2021 (27,018,565), being the time at which a shareholder had to be
registered in the register of members in order to vote at the
Annual General Meeting. A vote "withheld" is not a vote in law and
has not been counted as a vote "for" or "against" a resolution.
The number of ordinary shares in issue at the date of this
announcement is 27,018,565, and no shares are held in treasury. As
at the date of this announcement the Company's total voting rights
therefore comprises 27,018,565 shares with one vote each.
A copy of the poll results will shortly be available on the
Company's website at:
www.lowlandinvestment.com
A copy of the special business resolutions will be submitted to
the National Storage Mechanism ("NSM") and will shortly be
available for inspection on the NSM's website at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information please contact:
Laura Thomas
Investment Trust PR Manager
Henderson Investment Funds Limited
Telephone: 020 7818 2636
Helena Harvey
For and on behalf of Henderson Secretarial Services Limited
Lowland Investment Company plc
Tel: 020 7818 2025
Neither the contents of the Company's website nor the contents
of any website accessible from hyperlinks on the Company's website
(or any other website) is incorporated into, or forms part of, this
announcement.
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END
RAGEAPFXAEAFEFA
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