9th May 2025 07:00
RIGHTS AND ISSUES INVESTMENT TRUST PLC
("the Company")
LEI: 2138002AWAM93Z6BP574
Rights and Issues Investment Trust plc announces that at the General Meeting of the Company duly convened and held on 8 May 2025, a special resolution to authorise the Company to buy back its own shares was defeated on a poll.
The full text of the resolution can be found in the Shareholder Circular dated 11 April 2025 which is available at www.jupiteram.com/ uk/en/individual/rights-and-issues-investment-trust-plc
The results of the poll were as follows:
Votes for | % | Votes against | % | Total | Votes withheld | |
Resolution 1 | 2,121,522 | 73.84% | 751,544 | 26.16% | 2,873,066 | 426 |
The Board is disappointed at the result of the General Meeting which was the result of opposition from a single material shareholder. Notwithstanding the outcome of the vote, the Board still strongly believes that the share buyback authority is fundamental to the Company's discount management policy and is considering all options.
The poll results will also shortly be available on the Company's website at: www.jupiteram.com/ uk/en/individual/rights-and-issues-investment-trust-plc
For further information please contact:
Cavendish Capital Markets Limited | |
Andrew Worne / Tunga Chigovanyika - Corporate Finance | +44 (0) 207 908 6000 |
Pauline Tribe - Sales | +44 (0) 207 908 6000 |
Apex Fund Administration Services (UK) Limited | |
+44 (0) 1245 398950 | |
Related Shares:
Rights &iss.