The Bankers Investment Trust PLC

AGM Information • Feb 22, 2024

National Storage Mechanism | Additional information

RNS Number : 1641E

Bankers Investment Trust PLC

22 February 2024

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE BANKERS INVESTMENT TRUST PLC

LEGAL ENTITY IDENTIFIER: 213800B9YWXL3X1VMZ69

22 February 2024

THE BANKERS INVESTMENT TRUST PLC

Annual General Meeting of the Company

held on Thursday, 22 February 2024

The Bankers Investment Trust PLC announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll. This included the following resolutions:

As Ordinary Resolutions:

-        Resolution 11: to authorise the Directors to allot ordinary shares up to 10% of the issued ordinary share capital;

As Special Resolutions:

-        Resolution 12: to authorise the Directors to allot or to sell from treasury up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;

-        Resolution 13: to authorise the Company to make market purchases of the Company's ordinary shares up to 14.99% of its issued ordinary share capital excluding treasury shares; and

-        Resolution 14: to authorise that a General Meeting other than an Annual General Meeting may be held on not less than 14 clear days' notice.

The full text of the resolutions can be found in the circular to shareholders dated 17 January 2024 which can be viewed on the Company's website at: www.bankersinvestmenttrust.com

The poll results were as follows:

Resolutions	Number of Votes FOR (including at Chair's discretion)	% of votes FOR	Number of Votes AGAINST	% of votes AGAINST	Total votes cast	Votes cast (excluding votes withheld) as a percentage of total voting rights	Number of votes withheld
1 To receive the annual report and the audited financial statements for the year ended 31 October 2023	322,048,609	99.99	47,517	0.01	322,096,126	26.55%	405,820
2 To approve the Directors' Remuneration Report for the year ended 31 October 2023	319,384,192	99.58	1,351,420	0.42	320,735,612	26.44%	1,766,334
3 To approve the final dividend of 0.66p per share	322,005,281	99.98	63,084	0.02	322,068,365	26.55%	433,581
4 To re-appoint Mr Simon Miller as a Director	320,604,524	99.84	503,699	0.16	321,108,223	26.47%	1,393,723
5 To re-appoint Ms Hannah Philp as a Director	320,434,514	99.80	645,509	0.20	321,080,023	26.47%	1,421,923
6 To re-appoint Ms Charlotte Valeur	320,369,974	99.79	670,053	0.21	321,040,027	26.46%	1,461,919
7 To re-appoint Me Richard West as a Director	320,671,858	99.86	461,669	0.14	321,133,527	26.47%	1,368,419
8 To appoint Mr Ankush Nandra as a Director	320,521,289	99.88	394,515	0.12	320,915,804	26.45%	1,586,142
9 To re-appoint Ernst & Young LLP as a statutory Auditor to the Company	320,639,367	99.76	778,499	0.24	321,417,866	26.49%	1,084,080
10 To authorise the Audit and Risk Assurance Committee to determine the Auditor's remuneration	321,076,321	99.83	547,648	0.17	321,623,969	26.51%	877,977
11 To give Directors authority to allot ordinary shares	320,742,332	99.79	677,143	0.21	321,419,475	26.49%	1,082,471
12 To give Directors authority to disapply pre-emption rights on allotment or sale of ordinary shares*	319,280,524	99.42	1,859,887	0.58	321,140,411	26.47%	1,361,535
13 To give the Company authority to make market purchases of ordinary shares in the capital of the Company*	321,195,422	99.83	534,836	0.17	321,730,258	26.52%	771,688
14 To approve that a general meeting may be called on not less than 14 clear days notice*	319,177,057	99.23	2,468,665	0.77	321,645,722	26.51%	856,224

*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 the close of business on 20 February 2024, 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 in the Company at the date of this announcement is 1,315,102,830.

A copy of the poll results will shortly be available on the Company's website at:

www.bankersinvestmenttrust.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.

The Company also announces that from the conclusion of the Annual General Meeting, Mr Julian Chillingworth, the Senior Independent Director, retired from the Board.

For further information please contact:

Alex Crooke

Fund Manager

The Bankers Investment Trust PLC

Telephone: 020 7818 4447

Dan Howe

Head of Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 4458

Harriet Hall

Investment Trust PR Director

Janus Henderson Investors

Telephone: 020 7818 2919

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