LOWLAND INV CO PLC

AGM Information • Jan 27, 2021

National Storage Mechanism | Additional information

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:

Resolutions	Votes for	%	Votes against	%	Total votes cast	Votes cast (excluding votes withheld) as a percentage of total voting rights	Votes 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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