ROCKWOOD STRATEGIC PLC

Net Asset Value • Sep 19, 2019

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RNS Number : 0333N

Gresham House Strategic PLC

19 September 2019

19 September 2019

GRESHAM HOUSE STRATEGIC PLC

(The "Company")

Results of Annual General Meeting

The Company announces that at its Annual General Meeting ("AGM") held earlier today, all the resolutions put to Shareholders were passed by the requisite majority. Resolutions 1 to 8 were passed as ordinary resolutions and Resolutions 9 and 10 were passed as special resolutions. The results of the proxy votes received were as follows:

Resolution	For	%	Against	%	Withheld
1.    To receive the annual report and accounts for the year ended 31 March 2019.	1,619,754	78.97	431,470	21.03	8
2.    Declare a final dividend of 11.1p per share.	1,619,757	78.97	431,474	21.03	1
3.    To re-elect Charles Berry as a director.	1,418,955	76.67	431,741	23.33	200,536
4.    To re-elect Ken Lever as a director.	1,619,472	78.95	431,745	21.05	15
5.    To re-elect David Potter as a director.	1,619,743	78.96	431,477	21.04	12
6.    To re-elect Helen Sinclair as a director.	1,619,721	78.96	431,483	21.04	28
7.    To re-appoint BDO (UK) LLP as auditor and authorise the determination of their fees.	1,619,744	78.96	431,485	21.04	3
8.    To authorise the Directors to allot shares.	1,619,724	78.96	431,497	21.04	11
9.    To authorise the Directors to disapply pre-emption rights.	1,619,027	78.93	432,161	21.07	44
10.  To authorise the Company to purchase its own shares.	1,619,698	78.96	431,496	21.04	38

The Board has noted that the votes cast against all resolutions were slightly greater than 20% of those exercised in total by the Company's shareholders. The vast majority of these shares, however, were voted by only one institution. The Board engages with that shareholder on an ongoing basis (as it does with others) and reflects carefully upon the feedback received.  While disappointed, the Board recognises the reasons behind the voting stance taken and will continue to engage with that shareholder, and others, during the coming year.

Notes:

1.    Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" total.

2.    Votes "For" and "Against" any resolution are expressed as a percentage (rounded to two decimal places) of votes validly cast for that resolution.

3.    A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

4.    The Company's total ordinary shares in issue (total voting rights) as at 19 September 2019 was 3, 555,330 ordinary shares of 50 pence each. Ordinary shareholders are entitled to one vote per ordinary share held.

For further information please contact:

Gresham House Strategic plc	David Potter	07711 450 391
Gresham House Asset Management Ltd Investment Manager	Graham Bird	0203 837 6270
finnCap Ltd Nominated Adviser and  Broker	Matt Goode / William Marle	0207 220 0500

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