18 December 2018
Annual general meeting/board succession
Schroder Income Growth Fund plc (the "Company") announces that at the annual general meeting of the Company held on Tuesday, 18 December 2018 at 12.00 noon at 1 London Wall Place, EC2Y 5AU, resolutions numbered 1 to 11 as set out in the notice of meeting were duly passed.
While the majority of the resolutions were passed by a significant majority, the board has noted significant votes cast against resolutions 3 and 5 in relation to the re-election of the Chairman, Ian Barby, and David Causer, predominantly from a single institutional shareholder. The board will seek to engage with relevant shareholders to fully understand their views in relation to the re-appointment of these long-serving directors. It would also like to take the opportunity to provide an update on the board's progress with regard to board refreshment and succession planning.
In line with previous discussions with the board regarding his retirement, the Chairman has confirmed his intention to step down at the Company's 2019 annual general meeting. Prior to this, the board will be focusing on the appointment of an additional director in the first half of 2019.
The full proxy voting results will be available on the Company's webpage shortly.
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Enquiries:
Matthew Riley
Schroder Investment Management Limited
020 7658 6596
