Manchester & London Investment Trust plc

Declaration of Voting Results & Voting Rights Announcements • Nov 1, 2023

National Storage Mechanism | Additional information

Manchester & London Investment Trust Plc - Result of AGM

PR Newswire

LONDON, United Kingdom, November 01

MANCHESTER AND LONDON INVESTMENT TRUST PLC

(the "Company")

Results of Annual General Meeting

1 November 2023

The Company announces that, at the Annual General Meeting ("AGM") of the Company held today, Resolutions 1 to 15 contained in the Notice of AGM were duly passed on a poll.

M&M Investment Company, the controlling shareholder of the Company undertook not to vote on the resolutions dealing with the re-election and election of the independent Directors and Mr Brett Miller. The proxy votes below therefore reflect the votes submitted by independent shareholders as indicated.

The proxy votes received in relation to the resolutions passed were as follows:

Resolution	For (No. of shares)	For (%)	Against (No. of shares)	Against (%)	Votes Withheld (No. of shares)	Total Votes	% of ISC Voted
1. To receive and accept the Annual Report	27,102,988	99.99	2,532	0.01	474,324	27,579,844	69
2. To approve the Directors' Remuneration Report (including the Directors' Remuneration Policy)	25,875,799	95.47	1,227,943	4.53	476,102	27,579,844	69
3.To declare a final ordinary dividend of 7.0p per Ordinary Share	27,102,988	99.99	2,532	0.01	474,324	27,579,844	69
4. To re-elect Daniel Wright as a Director (independent shareholders)	3,524,143	89.96	393,208	10.04	23,183,838	27,101,189	67
5. To re-elect Brett Miller as a Director	3,840,458	98.01	78,019	1.99	23,182,712	27,101,189	67
6. To re-elect Daren Morris as a Director (independent shareholders)	3,840,458	98.04	76,893	1.96	23,183,838	27,101,189	67
7. To re-elect James Waterlow as a Director (independent shareholders)	3,837,858	97.97	79,493	2.03	23,183,838	27,101,189	67
8. To re-appoint Deloitte LLP as Auditor of the Company	27,098,554	99.96	10,707	0.04	470,583	27,579,844	69
9. To authorise the Directors to determine the Auditor's Remuneration	27,100,828	99.99	2,912	0.01	476,104	27,579,844	69
10. To authorise the Directors to offer holders the right to elect to receive newly issued Ordinary Shares	27,097,203	99.95	12,812	0.05	469,829	27,579,844	69
11. To authorise the Directors to allot Ordinary Shares	27,097,723	99.95	12,292	0.05	469,829	27,579,844	69
12. To disapply statutory pre-emption rights in relation to the issue of Ordinary Shares	27,070,878	99.87	34,642	0.13	474,324	27,579,844	69
13. To authorise the Directors to sell, transfer and allot Ordinary Shares from Treasury at a discount to the net asset value	27,063,189	99.84	42,331	0.16	474,324	27,579,844	69
14. To authorise the Company to make market purchases of Ordinary Shares	26,818,342	98.92	291,673	1.08	469,829	27,579,844	69
15. To authorise the Company to hold general meetings on 14 clear days' notice	27,077,728	99.88	32,287	0.12	469,829	27,579,844	69

NOTES:
1.	All resolutions were passed.
2.	Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.
3.	Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.
4.	A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.
5.	The number of shares in issue on 30 October 2023 was 40,193,018 ordinary shares, carrying one vote each.  At that time, the Company held 335,220 shares in treasury.
6.	The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at www.mlcapman.com.
7.	In accordance with listing rule 9.6.2R, a copy of resolutions 11 to 15 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

LEI: 213800HMBZXULR2EEO10

---

---