Invesco Income Growth Trust plc
LEI: 549300DI4285Q8ZFO135
Result of AGM
Result of the Annual General Meeting of Invesco Income Growth
Trust plc held on
11 September 2019:
All of the resolutions put to shareholders at the Meeting were
decided by poll and were passed.
The results of the poll were as follows:
Resolution |
Votes For |
Votes Against |
Votes Withheld |
|
(including votes
at |
|
|
|
the discretion of |
|
|
|
the Chairman) |
|
|
Ordinary resolutions:
1. |
14,251,041 |
0 |
0 |
2. |
14,183,009 |
55,506 |
12,526 |
3. |
14,251,041 |
0 |
0 |
4. |
13,770,853 |
438,329 |
41,858 |
5. |
12,871,201 |
1,336,042 |
43,797 |
6. |
12,599,539 |
1,609,643 |
41,858 |
7. |
14,203,526 |
5,657 |
41,858 |
8. |
14,197,600 |
5,314 |
48,127 |
9. |
14,205,569 |
3,614 |
41,858 |
10. |
14,205,426 |
45,615 |
0 |
11. |
14,135,597 |
105,579 |
9,865 |
Special resolutions:
12. |
13,853,490 |
357,686 |
39,865 |
13. |
14,204,465 |
36,711 |
9,865 |
14. |
13,958,835 |
292,206 |
0 |
Total Voting Rights were 58,551,530.
The full text of the resolutions passed was as follows:
Resolutions:
The following Ordinary Resolutions were passed at the Annual
General Meeting held on 11 September
2019:
1. To receive the Annual Financial Report for the
year ended 31 March 2019.
2. To approve the Annual Statement and Report on
Remuneration.
3. To approve the Company’s Dividend Payment Policy
to declare four dividends in respect of each accounting year, with
one payment in respect of each calendar quarter.
4. To re-elect Hugh
Twiss a Director of the Company.
5. To re-elect a Jonathan Silver Director of the
Company.
6. To re-elect Roger
Walsom a Director of the Company.
7. To re-elect Davina
Curling a Director of the Company.
8. To re-elect Mark
Dampier a Director of the Company.
9. To re-elect Tim
Woodhead a Director of the Company.
10. To appoint Ernst & Young LLP as the Company’s auditor
and to authorise the Audit Committee to determine the Auditor’s
remuneration.
11. THAT:-
the Directors be generally and
unconditionally authorised in accordance with section 551 of the
Companies Act 2006 as amended from time to time prior to the date
of the passing of this resolution (‘the Act’) to exercise all
powers of the Company to allot relevant securities (as defined in
that section) up to an aggregate nominal amount (within the meaning
of sections 551(3) and (6) of the Act) of £4,879,294, such
authority to expire at the conclusion of the next AGM of the
Company or the date fifteen months after the passing of this
resolution, whichever is the earlier, but so that this authority
shall allow the Company to make offers or agreements before the
expiry of this authority which would or might require relevant
securities to be allotted after such expiry as if the authority
conferred by this resolution had not expired.
The following Special Resolutions were passed at the Annual
General Meeting held on 11 September
2019:
12. THAT:-
the Directors be and they are
hereby empowered, in accordance with sections 570 and 573 of the
Companies Act 2006 as amended from time to time prior to the date
of the passing of this resolution (‘the Act’) to allot equity
securities for cash, either pursuant to the authority given by the
preceding resolution 9 or (if such allotment constitutes the sale
of relevant shares which, immediately before the sale, were held by
the Company as treasury shares) otherwise, as if section 561 of the
Act did not apply to any such allotment, provided that this power
shall be limited:
(a) to the allotment of equity
securities in connection with a rights issue in favour of all
holders of a class of equity securities where the equity securities
attributable respectively to the interests of all holders of
securities of such class are either proportionate (as nearly as may
be) to the respective numbers of relevant equity securities held by
them or are otherwise allotted in accordance with the rights
attaching to such equity securities (subject in either case to such
exclusions or other arrangements as the Directors may deem
necessary or expedient in relation to fractional entitlements or
legal, regulatory or practical problems under the laws of, or the
requirements of, any regulatory body or any stock exchange in any
territory or otherwise); and
(b) to the allotment (otherwise
than pursuant to a rights issue) of equity securities up to an
aggregate nominal amount of £1,463,788
and this power shall expire at
the conclusion of the next AGM of the Company or the date fifteen
months after the passing of this resolution, whichever is the
earlier, unless the authority is renewed or revoked at any other
general meeting prior to such time, but so that this power shall
allow the Company to make offers or agreements before the expiry of
this power which would or might require equity securities to be
allotted after such expiry as if the power conferred by this
resolution had not expired; and so that words and expressions
defined in or for the purposes of Part 17 of the Act shall bear the
same meanings in this resolution.
13. THAT:-
the Company be generally and subject as hereinafter appears
unconditionally authorised in accordance with section 701 of the
Companies Act 2006 (‘the Act’) to make market purchases (within the
meaning of section 693(4) of the Act) of its issued ordinary shares
of 25p each in the capital of the Company (‘Shares’) PROVIDED
ALWAYS THAT
(i) the maximum number of Shares hereby authorised
to be purchased shall be 8,776,874 shares;
(ii) the minimum price which may be paid for a Share shall
be 25p;
(iii) the maximum price which may be paid for a Share must
not be more than the higher of: (a) 5% above the average of the
mid-market values of the Shares for the five business days before
the purchase is made; or (b) the higher of the price of the last
independent trade in the Shares and the highest then current
independent bid for the Shares on the London Stock Exchange;
(iv) any purchase of Shares will be made in the market for cash
at prices below the prevailing net asset value per Share (as
determined by the Directors);
(v) the authority hereby conferred shall expire at the
conclusion of the next AGM of the Company or, if earlier, on the
expiry of 15 months from the passing of this resolution unless the
authority is renewed at any other general meeting prior to such
time;
(vi) the Company may make a contract to purchase Shares under
the authority hereby conferred prior to the expiry of such
authority which will be executed wholly or partly after the
expiration of such authority and may make a purchase of Shares
pursuant to any such contract; and
(vii) any shares so purchased shall be cancelled or, if the
Directors so determine and subject to the provisions of Sections
724 to 731 of the Act and any applicable regulations of the United
Kingdom Listing Authority, be held (or otherwise dealt with in
accordance with Section 727 or 729 of the Act) as treasury
shares.
14. THAT:-
the period of notice required for
general meetings of the Company (other than Annual General
Meetings) shall be not less than 14 clear days.
Invesco Asset Management Limited
11 September 2019