Aberforth Smaller Companies Trust plc

AGM Information • Mar 2, 2023

National Storage Mechanism | Additional information

Aberforth Smaller Companies Trust Plc - Result of AGM

PR Newswire

London, March 2

Aberforth Smaller Companies Trust plc

Annual General Meeting held on 2 March 2023

The Board of Aberforth Smaller Companies Trust plc hereby reports that all the resolutions proposed at the Annual General Meeting held on 2 March 2023 were passed by Shareholders on a poll.  

The table below shows the results of the poll.

Resolution	Votes For	% Votes For	Votes Against	% Votes Against	Total Votes cast (excluding Votes Withheld)	Votes Withheld
1   That the Report and      Financial Statements for      the year ended 31      December 2022 be      adopted.	52,260,543	95.84%	2,268,467	4.16%	54,529,010	3,649
2   That the Directors’      Remuneration Report for      the year ended 31      December 2022 be      approved.	53,804,899	98.71%	705,899	1.29%	54,510,798	21,861
3   That the Directors’      Remuneration Policy be      approved.	53,799,099	98.69%	713,699	1.31%	54,512,798	19,861
4   That a final dividend of      26.95p per share and a      special dividend of 8.30p      per share be approved.	54,529,596	100.00%	440	0.00%	54,530,036	2,623
5   That Richard Davidson be      re-elected as a Director.	54,356,887	99.71%	157,570	0.29%	54,514,457	18,202
6   That Jaz Bains be elected      as a Director.	54,506,754	99.98%	10,503	0.02%	54,517,257	15,402
7   That Patricia Dimond be      elected as a Director.	54,513,100	99.99%	4,157	0.01%	54,517,257	15,402
8   That Victoria Stewart be       re-elected as a Director.	54,513,300	99.99%	3,957	0.01%	54,517,257	15,402
9   That Martin Warner be      re-elected as a Director.	54,516,300	100.00%	957	0.00%	54,517,257	15,402
10 To appoint Johnston      Carmichael LLP as      Independent Auditor of      the Company to hold      office until the      conclusion of the next      Annual General Meeting      at which the Financial      Statements are laid      before the Company.	54,513,644	99.99%	4,138	0.01%	54,517,782	14,877

11 That the Audit       Committee be       authorised to determine       the remuneration of the       Independent Auditor for       the year to 31 December       2023.	54,527,406	99.99%	3,164	0.01%	54,530,570	2,089
12 That the Company       continues to manage its       affairs as an investment       trust (as defined by       Section 1158 of the       Corporation Taxes Act       2010).	51,299,479	100.00%	1,233	0.00%	51,300,712	3,231,947
13 That the Company be       authorised to buy back       Ordinary Shares.	53,643,924	98.37%	886,846	1.63%	54,530,770	1,889

Notes

1. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
2. Proxy appointments which gave discretion to the Chairman have been included as votes for the resolution.
3. Resolutions 1 to 12 were ordinary resolutions and resolution 13 was a special resolution.
4. The total votes cast represented 63.97% of the 85,249,605 Ordinary Shares in issue at 28 February 2023.

The full text of the resolutions can be found in the Notice of the Annual General Meeting contained in the 2022 Annual Report and Financial Statements which is on the website www.aberforth.co.uk.  The report has been submitted to the National Storage Mechanism and is available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Contact

Michael Campbell, Aberforth Partners LLP, Secretaries

Telephone: 0131 220 0733

2 March 2023