Results of the Annual General Meeting Held on Tuesday, 28 June 2022
The Board is pleased to announce that at the Annual General Meeting (AGM) held on Tuesday, 28 June 2022, all resolutions as detailed below were duly passed by shareholders on a show of hands. The proxy voting figures are shown below:
Resolutions
Votes For
%
Votes Against
%
Total Votes Cast
Votes
Withheld
Ordinary Resolutions
1. To receive the Report of the Directors and the financial statements for the year ended 31 January 2022 and the Auditor’s Report thereon.
63,127,487
100.00%
1,000
0.00%
63,128,487
2,856
2. To approve the Directors’ Remuneration Report for the year ended 31 January 2022.
63,074,702
99.92%
50,353
0.08%
63,125,055
6,288
3. To approve payment of a final dividend of 1.9p per share for the year ended 31 January 2022.
63,131,343
100.00%
0
0.00%
63,131,343
0
4. To re-elect Charlotta Ginman as a Director.
62,751,391
99.42%
365,682
0.58%
63,117,073
14,270
5. To re-elect Sian Hansen as a Director.
62,752,460
99.42%
364,613
0.58%
63,117,073
14,270
6. To re-elect Robert Talbut as a Director.
62,746,840
99.41%
370,233
0.59%
63,117,073
14,270
7. To re-elect Edward Troughton as a Director.
62,675,400
99.30%
441,673
0.70%
63,117,073
14,270
8. To re-elect James Williams as a Director.
62,753,345
99.42%
363,728
0.58%
63,117,073
14,270
9. To re-appoint BDO LLP as Auditor.
63,091,501
99.96%
24,582
0.04%
63,116,083
15,260
10. To authorise the Audit Committee to determine the remuneration of the Auditor.
63,118,935
100.00%
1,943
0.0%
63,120,878
10,465
SPECIAL BUSINESS
11. To authorise the Directors to allot shares up to an amount representing 10% of the issued share capital of the Company.
63,109,232
99.98%
9,789
0.02%
63,119,021
12,322
12#. To disapply the pre-emption rights in relation to the allotment of shares up to an amount representing 10% of the issued share capital of the Company.
63,064,397
99.91%
54,224
0.09%
63,118,621
12,722
13#. To authorise the Company to make market purchases of the Company’s ordinary shares.
63,097,823
99.95%
32,977
0.05%
63,130,800
543
14#. To authorise the Directors to call general meetings (other than the AGM) on not less than 14 clear days’ notice.
62,875,433
99.60%
250,013
0.40%
63,125,446
5,897
15. To approve a change to the Company’s investment policy.
63,124,215
100.00%
20
0.00%
63,124,235
7,108
# - Special Resolution
Any proxy votes which are at the discretion of the Chairman have been included in the "for" total. A vote withheld is not a vote in law and is not counted in the calculations of votes cast by proxy.
At the date of the AGM the total number of Ordinary shares of 12.5p each in issue and the total number of voting rights was 120,958,386.
The proxy voting figures will shortly also be available on the Company’s website at www.pacific-assets.co.uk
In accordance with Listing Rule 9.6.2, the full text of the special business resolutions passed has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The special business resolutions will also be filed at Companies House.
Pacific Assets Trust plc (the Trust) is a United Kingdom-based externally managed investment trust. The Trustâs investment objective is to achieve long-term capital growth through investment in selected companies in the Asia Pacific region and the Indian sub-continent, but excluding Japan, Australia and New Zealand (the Asia Pacific Region). Up to a maximum of 20% of the Trust's total assets (at the time of investment) may be invested in companies incorporated and/or listed outside the Asia Pacific Region (as defined). It invests principally in listed equities and other securities, including preference shares, debt instruments, convertible securities and warrants. In addition, it invests in open and closed-ended investment funds and companies. It invests in various sectors, including industrials, information technology, consumer staples, consumer discretionary, financials, health care and communication services. Its alternative investment fund manager is Frostrow Capital LLP.
PACIFIC ASSETS TRUST PLC 
