Result of AGM
Liontrust Asset Management Plc announced that all resolutions presented at its Annual General Meeting on September 17, 2026, were passed by shareholders. While most resolutions received strong support, with votes for the Report & Accounts at 93.51% and appointing auditors at 99.21%, resolutions concerning the re-election of Miriam Greenwood (Resolution 7) and the disapplication of pre-emption rights (Resolutions 13 and 14) saw lower approval rates of 76.08% and 75.17% respectively. The company acknowledges these outcomes and will engage in further dialogue with shareholders, providing an update within six months as per the UK Corporate Governance Code. Rebecca Shelley retired from the Board at the conclusion of the meeting.
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Liontrust announces that, at its AGM held earlier today, all resolutions set out in the Notice of AGM 2026 issued on 13 August 2026 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 | 20,695,932 | 93.51 | 1,435,252 | 6.49 | 22,131,184 | 35.15% | 161,191 |
| 2 - Remuneration Report | 17,996,429 | 81.34 | 4,128,616 | 18.66 | 22,125,045 | 35.14% | 167,330 |
| 3 - Luke Savage | 20,242,404 | 91.04 | 1,992,754 | 8.96 | 22,235,158 | 35.31% | 57,217 |
| 4 - John Ions | 18,804,561 | 85.00 | 3,317,336 | 15.00 | 22,121,897 | 35.13% | 170,478 |
| 5 - Vinay Abrol | 18,916,639 | 85.03 | 3,329,258 | 14.97 | 22,245,897 | 35.33% | 46,478 |
| 6 - Mandy Donald | 21,774,449 | 97.87 | 473,822 | 2.13 | 22,248,271 | 35.33% | 44,104 |
| 7 - Miriam Greenwood | 16,925,312 | 76.08 | 5,322,282 | 23.92 | 22,247,594 | 35.33% | 44,781 |
| 8 - Martin Gilbert | 21,908,407 | 98.52 | 329,280 | 1.48 | 22,237,687 | 35.31% | 54,688 |
| 9- Appoint Auditors | 22,065,679 | 99.21 | 175,750 | 0.79 | 22,241,429 | 35.32% | 50,946 |
| 10 - Auditors' remuneration | 22,065,965 | 99.28 | 160,874 | 0.72 | 22,226,839 | 35.30% | 65,536 |
| 11 - Allot Shares | 20,384,321 | 91.67 | 1,853,238 | 8.33 | 22,237,559 | 35.31% | 54,816 |
| 12 - Political Expenditure | 20,153,291 | 91.09 | 1,972,006 | 8.91 | 22,125,297 | 35.14% | 167,078 |
| 13- Pre-emption rights | 16,671,328 | 75.17 | 5,508,181 | 24.83 | 22,179,509 | 35.22% | 112,866 |
| 14 - Further pre-emption rights | 16,726,970 | 75.24 | 5,503,143 | 24.76 | 22,230,113 | 35.30% | 62,262 |
| 15 - Purchase own shares | 22,121,107 | 99.40 | 132,575 | 0.60 | 22,253,682 | 35.34% | 38,693 |
| 16 - Short Notice GMs | 18,916,061 | 84.96 | 3,349,900 | 15.04 | 22,265,961 | 35.36% | 26,414 |
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 62,970,315 ordinary shares as at 17 September 2026.
The Board appreciates the support shown by shareholders for the resolutions at today's AGM.
We acknowledge the outcome of the vote on Resolution 7 relating to the re-election of Miriam Greenwood (Chair of the Remuneration Committee) and Resolutions 13 and 14 relating to the disapplication of pre-emption rights. The authority to disapply pre-emption rights under Resolutions 13 and 14 are drafted in accordance with the Pre-Emption Group's Statement of Principles.
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 to understand any concerns in relation to these resolutions. The Company will provide an update to shareholders within six months of today's meeting in accordance with the 2024 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 2026.
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
As previously reported, Rebecca Shelley retired from the Board at the conclusion of the AGM.
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