MONTANARO EUROPEAN SMALLER C.TSTPLC

Declaration of Voting Results & Voting Rights Announcements • Sep 10, 2020

National Storage Mechanism | Additional information

RNS Number : 6586Y

Montanaro European Smaller C.TstPLC

10 September 2020

Montanaro European Smaller Companies Trust PLC

("the Company")

LEI: 213800CWSC5B8BG3RS21

Results of Annual General Meeting

Following the Annual General Meeting (the "AGM") which was held today, 10 September 2020, the Company is pleased to announce that all resolutions put to shareholders were duly passed on a show of hands.      

Valid proxy votes received were as follows:

	For	%	Against	%	% Of ISC# Voted	Votes Withheld
Resolution 1: To receive the Annual Report and Accounts.	4,564,690	100.00%	0	0.00%	27.28%	1,698
Resolution 2: To approve the Directors' Remuneration Policy.	4,550,195	99.84%	7,461	0.16%	27.24%	8,732
Resolution 3: To approve the Directors' Remuneration Report.	4,552,593	99.85%	6,861	0.15%	27.25%	6,934
Resolution 4: To declare a final dividend of 7.25p per Ordinary Share for the year ended 31 March 2020.	4,565,348	100.00%	200	0.00%	27.28%	840
Resolution 5: To re-elect Mr R M Curling as a Director of the Company.	4,465,147	99.96%	1,872	0.04%	26.70%	99,369
Resolution 6: To re-elect Mrs C A Roxburgh as a Director of the Company.	4,538,125	99.42%	26,255	0.58%	27.28%	2,008
Resolution 7: To re-elect Mrs M R Somerset Webb as a Director of the Company.	4,038,943	88.47%	526,155	11.53%	27.28%	1,290
Resolution 8: To re-appoint Ernst & Young LLP as auditor to the Company.	4,046,807	88.66%	517,843	11.34%	27.28%	1,738
Resolution 9: To authorise the Directors to determine the auditor's remuneration.	4,560,779	99.90%	4,344	0.10%	27.28%	1,265
Resolution 10: To authorise the Directors to allot ordinary shares.	4,559,655	99.91%	4,238	0.09%	27.27%	2,495
Resolution 11: To disapply statutory pre-emption rights.*	4,553,784	99.79%	9,751	0.21%	27.27%	2,853
Resolution 12: To authorise the Company to purchase its own ordinary shares.*	4,062,980	89.02%	501,228	10.98%	27.28%	2,180

# issued share capital

*special resolution

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 nor in the calculation of the proportion of "% of  ISC voted" for any resolution.
5.	The number of shares in issue at close of business on 9 September 2020 was 17,448,260 Ordinary Shares in issue of £0.50 each, including 715,000 Ordinary Shares of £0.50 each held in treasury. Each Ordinary Share (other than those held in treasury) carries one vote. The total voting rights in the Company as at 9 September 2020 were 16,733,260 votes.
6.	The proportion of "ISC voted" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the ISC.
7.	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 https://montanaro.co.uk/trust/montanaro-european-smaller-companies-trust/.
8.	In accordance with listing rule 9.6.2R, a copy of resolutions 10-12 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.

Link Company Matters Limited

Company Secretary

10 September 2020

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