LONDON – Schroder BSC Social Impact Trust plc announced today that its shareholders have unanimously passed a resolution to adopt a new investment objective and policy. The decision came as a result of a general meeting held earlier today, where the resolution was voted on by poll.
The resolution, which was detailed in a circular published on November 8, 2024, received 65,006,598 votes in favor, representing 100% of the votes cast and 78.89% of the issued share capital. No votes were cast against the resolution, and no votes were withheld. The total number of voting rights in the company is 82,359,717, excluding the treasury shares which do not carry voting rights.
The company’s issued share capital consists of 85,316,586 ordinary shares, with 2,956,869 ordinary shares held in treasury. The votes in favor included discretionary votes, where shareholders appointed the Chairman as their proxy with discretion as to voting.
The details of the new investment objective and policy have been previously made available to shareholders in the circular and have also been submitted to the National Storage Mechanism. The company has stated that full results of the poll conducted at the general meeting will be available shortly on the company’s website.
This development is significant for the shareholders and potential investors as it indicates a strategic shift in the company’s investment approach. The unanimous support for the resolution reflects shareholder alignment with the board’s proposed direction.
The information provided in this article is based on a press release statement from Schroder BSC Social Impact Trust plc.
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