REG - Tatton Asset Mgt PLC - Result of AGM

Tatton Asset ManagementAnnouncement

31/07/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240731:nRSe4760Ya&default-theme=true

RNS Number : 4760Y  Tatton Asset Management PLC  31 July 2024

30 July 2024

Tatton Asset Management plc

(the "Company")

 

Result of Annual General Meeting

("AGM")

 

Tatton Asset Management plc (AIM: TAM), the investment management and IFA
support services group, announces that all of the resolutions set out in the
Notice of AGM were passed by the requisite majority at the Company's AGM, held
earlier today.

 

The number of proxy votes 'for' and 'against' each of the resolutions put
before the AGM and the number of votes 'withheld' were as follows.

 

                                                                                      For                    Against               Withheld

                                                                                      No. of votes  %        No. of votes  %       No. of votes
 1   To receive and adopt the audited accounts                                        46,165,001    100%     -             0.00%   2,941
 2   To approve the Directors' Remuneration Report                                    44,279,960    98.31%   760,482       1.69%   1,127,500
 3   To re-appoint Roger Cornick                                                      38,052,078    83.30%   7,628,360     16.70%  487,504
 4   To re-appoint Paul Edwards                                                       46,149,920    99.96%   18,022        0.04%   -
 5   To re-appoint Paul Hogarth                                                       46,167,935    100.00%  7             0.00%   -
 6   To re-appoint Lothar Mentel                                                      46,007,347    100.00%  7             0.00%   160,588
 7   To re-appoint Christopher Poil                                                   45,424,927    98,39%   743,015       1.61%   -
 8   To re-appoint Lesley Watt                                                        46,165,617    100.00%  -             0.00%   2,325
 9   To re-appoint Deloitte as auditor                                                46,167,942    100.00%  -             0.00%   -
 10  To approve a final dividend of 8p per ordinary share in respect of the year      46,167,942    100.00%  -             0.00%   -
     ended 31 March 2024
 11  To authorise the Directors to allot relevant shares                              44,946,459    97.35%   1,221,483     2.65%   -
 12  To authorise the Company to make political donations and incur political         40,877,102    88.54%   5,290,840     11.46%  -
     expenditure
 13  To authorise the capitalisation of £10,000, representing the nominal value of    46,154,792    99.97%   13,150        0.03%   -
     50,000 ordinary shares issued for the Awards (as defined in the Notice of AGM)
     and to apply this sum in paying up the nominal value of the shares issued and
     allotted on exercise of the Awards

 14  To authorise the Directors to allot equity securities for cash without making    43,822,215    94.92%   2,345,727     5.08%   -
     a pre-emptive offer to shareholders*
 15  To authorise the Directors in addition to resolution 14 to allot equity          45,022,320    97.52%   1,145,622     2.48%   -
     securities for cash without making a pre-emptive offer to Shareholders*
 16  To authorise the Company to make market purchases of its ordinary shares*        46,149,927    99.96%   18,015        0.04%   -
 17  To ratify the Interim Dividends (as defined in the Notice of AGM) paid by the    39,910,796    100.00%  -             0.00%   6,257,146
     Company.

     This special resolution authorises the appropriation of distributable profits
     to the payment of these Interim Dividends and the corresponding entries in the
     financial statements. Additionally, it authorises the Company to enter deeds
     of release for shareholders on the relevant record dates for each interim
     dividend payment and any of the directors and former directors of the Company
     in relation to such Interim Dividends.*

 18  Authorise the appropriation of distributable profits (as per interim accounts    39,747,883    100.00%  -             0.00%   6,420,059
     dated 30 September 2021) for the payment of the Final Dividend (as defined in
     the Notice of AGM) in excess of the distributable reserves paid on 28 July
     2021 by reference to the same record date as  the original accounting entries
     for such dividend and to authorise the Company to enter a deed of release for
     shareholders on the relevant record date for the Final Dividend, in relation
     to the Final Dividend.*

 

*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".
 5.  The number of shares in issue on 30 July 2024 was 60,511,400 with no shares in
     treasury.
 6.  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
     www.tattonassetmanagement.com (http://www.tattonassetmanagement.com)

 

For further information please contact:

 

 Tatton Asset Management PLC

 Paul Hogarth (Chief Executive Officer)

 Paul Edwards (Chief Financial Officer)

 Lothar Mentel (Chief Investment Officer)                                     +44 (0) 161 486 3441

 Zeus - Nomad and Broker

 Martin Green

 Dan Bate                                                                     +44 (0) 20 3829 5000

 Singer Capital Markets- Joint Broker                                         +44 (0) 20 7496 3061

 Peter Steel, Rachel Hayes (Investment Banking)                               +44 (0) 20 7496 3189

 Belvedere Communications - Financial PR

 John West / Llew Angus (media)                                               +44 (0) 7407 023147

 Cat Valentine / Keeley Clarke (investors)                                    +44 (0) 7715 769078

                                                                              tattonpr@belvederepr.com

 Trade Media Enquiries                                                        +44 (0) 20 7139 1452

 Roddi Vaughan Thomas

 

 

For more information, please visit: www.tattonassetmanagement.com
(http://www.tattonassetmanagement.com)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGSDEFASELSEDW