Premier Global Infrastructure Trust PLC
Results of General Meeting
The board of Premier Global Infrastructure Trust PLC (the
“Company”) announces the results of the General Meeting of the
Company’s shareholders held earlier today.
The ordinary resolution as set out in the Notice of General
meeting dated 16 September 2020 - to
amend the Company’s investment policy so that the portfolio
consists primarily of investments in companies operating in the
renewable energy sector as well as other sustainable infrastructure
investments - was put to the meeting and duly passed on a poll. The
results are detailed below:
| Resolution |
FOR
(No. of votes cast) |
FOR
(% of votes cast) |
AGAINST
(No. of votes cast) |
AGAINST
(% of votes cast) |
WITHHELD
(No. of votes cast) |
Total issued share capital
instructed (%) |
| 1. To amend the investment
policy |
2,666,469 |
57.84% |
1,943,380 |
42.16% |
13,751 |
25.56% |
As more than 20% of votes cast were against the resolution, due
in particular to the impact of a large shareholder whose vote
against the resolution had a significant effect given the low
voting turnout, the board intends to consult with those who have
voted against to understand the reasons for them doing so. An
update on the views received from shareholders and actions taken
will be published within six months as required by the AIC Code of
Corporate Governance.
The special resolution set out in the same Notice to rename the
Company in line with the change of investment policy (now approved
by shareholders as indicated above), which requires 75% of those
voting to cast their votes in favour, was voted on by way of a poll
and was not passed. The results are detailed
below:
| Resolution |
FOR
(No. of votes cast) |
FOR
(% of votes cast) |
AGAINST
(No. of votes cast) |
AGAINST
(% of votes cast) |
WITHHELD
(No. of votes cast) |
Total issued share capital
instructed (%) |
| 2. To change the name of the
Company |
2,665,165 |
57.71% |
1,952,782 |
42.29% |
5,653 |
25.56% |
The purpose of Resolution 2 was to bring the name of the Company
into alignment with the revised investment policy (subject to the
policy being approved by shareholders), as the board believes that
the name of the Company should appropriately reflect the Company’s
new investment mandate. The directors will consult with the
dissenting shareholders on this point, and will reconsider the
matter in due course.
| NOTES: |
|
|
|
| 1. |
Votes "For" and
"Against" any resolution are expressed as a percentage (rounded to
two decimal places) of votes validly cast in respect of that
resolution. |
|
| 2. |
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. |
|
| 3. |
The number of shares in issue at
close of business on 7 October 2020 was 18,088,480, with no shares
held in treasury. Therefore, the number of voting rights on that
date was 18,088,480. |
|
| 4. |
The full text of the resolution
passed at the meeting can be found in the Notice of General Meeting
which is available on the Company's website at
www.premierfunds.co.uk/premier-global-infrastructure-trust-plc. |
|
| 5. |
A copy of the resolution will be
made available for inspection from the National Storage Mechanism,
situated at: data.fca.org.uk/#/nsm/nationalstoragemechanism. |
|
| 6. |
These poll results
(inclusive of proxy results lodged before the meeting) will be
available shortly on the Company's website at
www.premierfunds.co.uk/premier-global-infrastructure-trust-plc. |
|
Contact:
Premier Fund Managers Limited
01483 306090
Claire Long
(claire.long@premiermiton.com)
James Smith
(james.smith@premiermiton.com)
N+1 Singer
020 7496 3000
James Maxwell
(james.maxwell@n1singer.com)
Iqra Amin
(iqra.amin@n1singer.com)
09 October 2020