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LONDON - Schroder British Opportunities Trust plc (LON:SBO) announced Tuesday that shareholders have approved a new investment policy and articles of association during the company’s General Meeting.
The new investment policy received overwhelming support with 99.65% of votes cast in favor, representing 50,593,733 shares. Only 0.35% of votes, or 175,785 shares, were cast against the proposal.
Shareholders also approved new articles of association with an even stronger margin, with 99.82% voting in favor and just 0.18% against. This resolution was passed as a special resolution.
The meeting saw participation from shareholders representing 68.70% of the company’s issued share capital. A total of 1,000 votes were withheld on both resolutions.
Schroder British Opportunities Trust currently has 75,000,000 ordinary shares of 1p each in issue, with 1,100,000 shares held in treasury. The total number of voting rights stands at 73,900,000.
The company stated that copies of both resolutions will be filed at Companies House. In accordance with UK Listing Rules, the resolutions passed at the meeting will be submitted to the National Storage Mechanism and will be available for inspection.
The information in this article is based on a press release statement from the company.
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