LOWLAND INV CO PLC

AGM Information • Jan 26, 2022

National Storage Mechanism | Additional information

RNS Number : 7488Z

Lowland Investment Co PLC

26 January 2022

HENDERSON INVESTMENT FUNDS LIMITED

LOWLAND INVESTMENT COMPANY PLC

LEGAL ENTITY IDENTIFIER: 2138008RHG5363FEHV19

26 January 2022

LOWLAND INVESTMENT COMPANY PLC

Annual General Meeting held on 26 January 2022

Lowland Investment Company plc announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a show of hands. 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 £1,012,520 nominal value  of 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; and

-     that the Board be permitted to convene a General Meeting via electronic or hybrid means.

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

Proxy votes submitted were as follows:

Resolutions	Votes for (including at Chairman's discretion)	%	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	7,405,990	99.76	10,397	0.14	7,423,463	27.48	13,906
2.         Directors' Remuneration Report	7,355,099	99.32	42,921	0.58	7,405,096	27.41	32,273
3.         Approve a final dividend of 15.25p per share	7,405,035	99.69	16,092	0.22	7,428,203	27.49	9,166
4.         To re-elect Robert Robertson as a Director	7,386,666	99.60	22,249	0.30	7,415,991	27.45	21,378
5.         To re-elect Duncan Budge as a Director	7,387,572	99.63	20,637	0.28	7,415,285	27.45	22,084
6.         To re-elect Susan Gaynor Coley as a Director	7,382,257	99.64	19,443	0.26	7,408,776	27.42	28,593
7.         To re-elect Thomas Walker as a Director	7,378,580	99.58	23,716	0.32	7,409,372	27.42	27,997
8.         To elect Helena Vinnicombe as a Director	7,382,860	99.64	19,906	0.27	7,409,842	27.43	27,527
9.         Re-appoint Ernst & Young LLP as statutory auditor	7,344,106	99.28	46,306	0.63	7,397,488	27.38	39,881
10.       Authorise Directors to determine the remuneration of the statutory auditor	7,392,060	99.61	22,062	0.30	7,421,198	27.47	16,171
11.       To sub-divide each existing ordinary share into ten	7,342,264	99.25	48,246	0.65	7,397,586	27.38	39,783
12.       Authority to allot relevant securities	7,367,684	99.43	34,996	0.47	7,409,756	27.42	27,613
13.       Authority to disapply pre-emption rights*	7,315,646	98.86	77,528	1.05	7,400,250	27.39	37,119
14.       Authority to repurchase ordinary shares*	7,376,227	99.40	37,459	0.50	7,420,762	27.47	16,607
15.       14 days' notice for a General Meeting*	7,332,214	98.77	83,945	1.13	7,423,235	27.47	14,134
16.       Convene a General  Meeting via electronic or hybrid means*	7,312,815	98.65	93,328	1.26	7,413,219	27.44	24,150

* 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 close of business on 24 January 2022 (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 proxy 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:

Harriet Hall

PR Manager, Janus Henderson Investors

Telephone: 020 7818 2919

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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