BlackRock Income and Growth Investment Trust Plc - Result of AGM
March 07, 2024 at 11:37 am EST
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BlackRock Income and Growth Investment Trust plc
(the Company)
(LEI:5493003YBY59H9EJLJ16)
Results of AGM
Following the Annual General Meeting which was held today, we are pleased to announce that all resolutions put to shareholders were passed on a poll, including ordinary resolutions 9 and special resolutions 10, 11 and 12 under special business of the Company:
(Resolution 9) To grant the Directors’ authority to allot shares
(Resolution 10) To authorise the Directors to dissaply pre-emption rights in respect of issues of new shares or the sale of ordinary shares out of treasury.
(Resolution 11) To authorise the Directors to purchase the Company’s ordinary shares for cancellation or to be held in treasury.
(Resolution 12) 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’ notice
Under listing rule 9.6.2 a copy of the resolutions has been submitted to the National Storage Mechanism, and will shortly be made available for inspection at:
http://www.morningstar.co.uk/uk/NSM
Proxy votes received in favour of the resolutions were as follows:
Votes For
%
Votes Against
%
% of Available Voting Rights*
Votes Withheld
Resolution 1
4,158,999
100.00%
0
0.00%
20.40%
5,681
Resolution 2
4,138,144
99.70%
12,355
0.30%
20.35%
14,181
Resolution 3
4,158,999
100.00%
0
0.00%
20.40%
5,681
Resolution 4
4,142,487
99.90%
4,019
0.10%
20.33%
18,174
Resolution 5
4,142,487
99.90%
4,019
0.10%
20.33%
18,174
Resolution 6
3,696,716
89.15%
449,790
10.85%
20.33%
18,174
Resolution 7
4,144,028
99.74%
10,751
0.26%
20.38%
9,901
Resolution 8
4,158,889
100.00%
110
0.00%
20.40%
5,681
Resolution 9
4,147,927
99.78%
9,123
0.22%
20.39%
7,630
Resolution10
4,137,650
99.51%
20,573
0.49%
20.39%
6,457
Resolution 11
4,153,129
99.87%
5,200
0.13%
20.39%
6,351
Resolution 12
4,148,090
99.83%
7,102
0.17%
20.38%
9,488
Disclosure of Share Buy Back Authority Renewal
In accordance with the Commission Delegated Regulation (EU) 2016/1052 of 8.3.2016(theBuy-back and Stabilisation RTS).
BlackRock Income and Growth Investment Trust plc (the Company) is hereby disclosing to a regulatory information services (RIS) details of its share buyback authority which it renews annually. This authority was last renewed at the Company’s Annual General Meeting held on 7 March 2024 when a special resolution was approved by shareholders authorising the Company to make market purchases of its own shares of up to a maximum of 14.99% of the Company’s shares in issue (excluding any shares held in treasury).
The Company has authority to repurchase a maximum of 3,079,167 of its ordinary shares (being the outstanding shareholder authority at the date of this announcement). Such authority lasts until the next shareholder authority granted, or where expressly revoked by shareholders. The share buybacks may be funded from the Company’s resources (including redemptions on funds the Company has invested in and debt facilities). No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares pursuant to the buy-back which would equate to a premium to the prevailing net asset value.
The Company has appointed J.P. Morgan Securities plc to act as its broker in respect of the Company’s share buy-back programme.
The share buy-backs will be undertaken pursuant the Company’s discount management programme.
This arrangement is in accordance with Chapter 12 of the FCA Listing Rules and the Company’s general authority to repurchase shares.
7 March 2024
Enquiries:
Mr K Mayger
For and on behalf of BlackRock Investment Management (UK) Limited, Secretary Telephone: 020 7743 3000
BlackRock Income and Growth Investment Trust plc is a United Kingdom-based investment trust company. The Company's principal activity is portfolio investment. The Company's objective is to provide growth in capital and income over the long-term through investment in a diversified portfolio of principally United Kingdom listed equities. The Company invests in various sectors, including financial services; pharmaceuticals and biotechnology; support services; household goods and home construction; media; food producers; mining; banks; gas, water and multiutilities; tobacco; oil and gas producers; food and drug retailers; health care equipment and services; non-life insurance; travel and leisure, industrial engineering, and others. The Company's investment manager is BlackRock Investment Management (UK) Limited. The Company's alternative investment fund manager is BlackRock Fund Managers Limited.