Result of AGM (0977D)

TIDMHCFT

RNS Number : 0977D

Highcroft Investments PLC

10 May 2012

HIGHCROFT INVESTMENTS PLC

("Highcroft" or "the Company")

Result of Annual General Meeting ("AGM")

Highcroft announces that at its AGM, which was held at 12.00 today, Resolutions 1 through 8, comprising all ordinary business proposed by the Company, were duly passed on a show of hands. Following a poll requested by the Chairman, Resolutions A through C, comprising resolutions requisitioned by certain shareholders representing at least 5 per cent. of the issued share capital of the Company, were not passed. The results of the voting by poll were as follows:

 
 RESOLUTION                            FOR         %      AGAINST     %      WITHHELD 
 A - THAT in view of the 
  difficulty the Board is 
  having in finding suitable 
  investment properties for 
  the Company to purchase, 
  that the Board should formulate 
  a policy for distributing 
  excess net cash to shareholders 
  in a tax efficient manner.-          1,016,649   26.9   2,769,760   73.1   0 
                                      ----------  -----  ----------  -----  --------- 
 B - THAT there appears 
  no need for the Company 
  to retain its portfolio 
  of equity investments which 
  should be realised and 
  the proceeds distributed 
  to shareholders in a tax 
  efficient manner.                    1,011,649   26.7   2,774,760   73.3   0 
                                      ----------  -----  ----------  -----  --------- 
 C - THAT if shareholders 
  do not agree to the Company's 
  equity portfolio being 
  realised as mentioned above 
  that the Board give consideration 
  to the payment of a dividend 
  to shareholders out of 
  the income received from 
  such portfolio.                      1,018,149   27.0   2,756,660   73.0   11,600 
                                      ----------  -----  ----------  -----  ---------

Enquiries:

John Hewitt / Roberta Miles 01865 840 023

Highcroft Investments PLC

Dugald J. Carlean / Karri Vuori 020 7149 6000

Charles Stanley Securities

This information is provided by RNS

The company news service from the London Stock Exchange

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