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The Merchants Trust PLC held its Annual General Meeting (AGM) on 19 May 2026, where all proposed resolutions were passed on a poll. These resolutions included the declaration of a final dividend of 7.5p per ordinary share, the re-election/election of Directors Colin Clark, Lisa Edgar, Neil Galloway, Karen McKellar, and Mal Patel, and the appointment of PricewaterhouseCoopers LLP as Auditor. The votes cast represented 13.89% of the issued share capital with voting rights, which comprised 147,632,870 ordinary shares and 1,178,000 cumulative preference stock.
| Date | 19 May 2026 |
| Time | 16:02:16 |
| Category | AGMs and other meetings |
| ID | 9658E |
The Merchants Trust PLC (the Company)
LEI: 5299008VJFXCUD2EG312
Result of Annual General Meeting (AGM) held on 19 May 2026
At the AGM held on 19 May 2026 at 12 noon all resolutions proposed were passed on a poll. The resolutions proposed at the AGM can be found in the Notice of AGM which is available on the Company's website.
The following table indicates the number of votes cast on the poll at the meeting, including those votes cast by proxy in advance of the meeting for each resolution. It should be noted that votes withheld do not constitute votes in law. The number of ordinary shares in issue with voting rights at the date of the AGM was 147,632,870 ordinary shares and 1,178,000 cumulative preference stock.
|
|
Resolution |
In favour & discretionary |
Against |
Withheld |
|
|
|
Number of shares |
Number of shares |
Number of shares |
|
1 |
To receive the Directors' Report and the Financial Statements for the year ended 31 January 2026 |
20,763,749 |
19,875 |
23,368 |
|
2 |
To declare a final dividend of 7.5p per ordinary share |
20,779,944 |
17,693 |
9,355 |
|
3 |
To re-elect Colin Clark as a Director |
20,549,420 |
144,471 |
113,101 |
|
4 |
To re-elect Lisa Edgar as a Director |
20,553,488 |
142,368 |
111,136 |
|
5 |
To elect Neil Galloway as a Director |
20,486,691 |
133,358 |
186,943 |
|
6 |
To re-elect Karen McKellar as a Director |
20,577,294 |
147,740 |
81,958 |
|
7 |
To re-elect Mal Patel as a Director |
20,459,225 |
215,653 |
132,114 |
|
8 |
To approve the Directors' Remuneration Policy |
20,191,671 |
349,288 |
266,033 |
|
9 |
To approve the Directors' Remuneration Implementation Report |
20,188,617 |
359,414 |
258,961 |
|
10 |
To appoint PricewaterhouseCoopers LLP as Auditor of the company, to hold office until the conclusion of the next general meeting at which financial statements are laid before the company |
20,464,466 |
216,111 |
126,415 |
|
11 |
To authorise the Directors to determine the remuneration of the Auditor |
20,582,736 |
99,779 |
124,477 |
|
12 |
To renew the authority to allot ordinary shares |
20,507,107 |
116,176 |
183,709 |
|
13 |
To disapply pre-emption rights |
20,435,289 |
157,221 |
190,184 |
|
14 |
To authorise the purchase of ordinary shares |
20,610,213 |
116,176 |
183,709 |
The above figures represent 13.89% of the issued share capital with voting rights.
For further information please contact:
Nira Mistry
Allianz Global Investors
07554 224 339
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