Result of AGM
Liontrust Asset Management PLC held its Annual General Meeting on September 18, 2025, where shareholders voted on several resolutions. The report and accounts were approved with 19,894,046 votes for and 1,579,602 votes against. The remuneration report received 14,619,673 votes for and 5,525,591 votes against. Shareholders approved the allotment of shares with 19,096,374 votes for and 2,580,627 votes against. The resolution regarding the purchase of own shares passed with 21,591,050 votes for and 87,985 votes against. The total issued share capital used for calculating percentages was 63,764,615 ordinary shares.
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Liontrust announces that, at its AGM held earlier today, all resolutions set out in the Notice of AGM 2025 issued on 13 August 2025 were decided on a poll and duly passed by the requisite majority.
Details of the votes cast on each resolution are set out below:
| Resolutions | Votes For* | % of votes cast | Votes Against | % of votes cast | Votes Total | % of ISC voted*** | Votes Withheld** |
|---|---|---|---|---|---|---|---|
| 1 - Report & Accounts | 19,894,046 | 92.64 | 1,579,602 | 7.36 | 21,473,648 | 33.68% | 227,019 |
| 2 - Remuneration Report | 14,619,673 | 72.57 | 5,525,591 | 27.43 | 20,145,264 | 31.59% | 1,555,403 |
| 3 - Luke Savage | 21,165,929 | 97.69 | 500,367 | 2.31 | 21,666,296 | 33.98% | 34,371 |
| 4 - John Ions | 21,578,274 | 99.59 | 88,571 | 0.41 | 21,666,845 | 33.98% | 32,962 |
| 5 - Vinay Abrol | 21,570,919 | 99.54 | 98,827 | 0.46 | 21,669,746 | 33.98% | 30,921 |
| 6 - Mandy Donald | 21,162,538 | 97.68 | 503,434 | 2.32 | 21,665,972 | 33.98% | 33,835 |
| 7 - Rebecca Shelley | 19,502,987 | 96.85 | 633,399 | 3.15 | 20,136,386 | 31.58% | 1,563,421 |
| 8 - Miriam Greenwood | 17,779,197 | 82.06 | 3,885,981 | 17.94 | 21,665,178 | 33.98% | 35,489 |
| 9- Appoint Auditors | 21,602,675 | 99.67 | 72,350 | 0.33 | 21,675,025 | 33.99% | 24,782 |
| 10 - Auditors' remuneration | 21,587,000 | 99.59 | 89,559 | 0.41 | 21,676,559 | 33.99% | 23,248 |
| 11 - Allot Shares | 19,096,374 | 88.10 | 2,580,627 | 11.90 | 21,677,001 | 34.00% | 23,666 |
| 12 - Political Expenditure | 17,583,608 | 81.11 | 4,095,829 | 18.89 | 21,679,437 | 34.00% | 21,230 |
| 13- Pre-emption rights | 18,658,800 | 86.25 | 2,974,203 | 13.75 | 21,633,003 | 33.93% | 66,804 |
| 14 - Further pre-emption rights | 17,114,870 | 79.09 | 4,523,964 | 20.91 | 21,638,834 | 33.94% | 61,833 |
| 15 - Purchase own shares | 21,591,050 | 99.59 | 87,985 | 0.41 | 21,679,035 | 34.00% | 21,632 |
| 16 - Short Notice GMs | 20,235,734 | 93.33 | 1,445,300 | 6.67 | 21,681,034 | 34.00% | 18,773 |
Notes to the disclosure:
*Includes discretionary votes received
** A vote withheld is not a vote in law.
*** Based on a total issued share capital ("ISC") of 63,764,615 ordinary shares as at 18 September 2025.
The Board appreciates the support shown by shareholders for the resolutions at today's AGM. We acknowledge the outcome of the vote on Resolution 2 relating to the Directors Remuneration Report and Resolution 14 relating to the further disapplication of pre-emption rights. While we welcome the backing of the majority of our shareholders for these resolutions, we will continue to engage with shareholders in constructive and open dialogue and carefully consider any further shareholder feedback. The Company will provide an update to shareholders within six months of today's meeting in accordance with the UK Corporate Governance Code.
The full text of the resolutions passed at the AGM are contained in the Notice of Meeting sent to shareholders on 13 August 2025.
A copy of the resolutions passed as special business at the AGM have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
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