Montanaro Regulatory News (MTE)

For

%

Against

%

% Of ISC#

Voted

VotesWithheld

Resolution 1: To receive the Annual Report and Accounts.

4,564,690

100.00%

0

0.00%

27.28%

1,698

Resolution 2: To approve the Directors' Remuneration Policy.

4,550,195

99.84%

7,461

0.16%

27.24%

8,732

Resolution 3: To approve the Directors' Remuneration Report.

4,552,593

99.85%

6,861

0.15%

27.25%

6,934

Resolution 4: To declare a final dividend of 7.25p per Ordinary Share for the year ended 31 March 2020.

4,565,348

100.00%

200

0.00%

27.28%

840

Resolution 5: To re-elect Mr R M Curling as a Director of the Company.

4,465,147

99.96%

1,872

0.04%

26.70%

99,369

Resolution 6: To re-elect Mrs C A Roxburgh as a Director of the Company.

4,538,125

99.42%

26,255

0.58%

27.28%

2,008

Resolution 7: To re-elect Mrs M R Somerset Webb as a Director of the Company.

4,038,943

88.47%

526,155

11.53%

27.28%

1,290

Resolution 8: To re-appoint Ernst & Young LLP as auditor to the Company.

4,046,807

88.66%

517,843

11.34%

27.28%

1,738

Resolution 9: To authorise the Directors to determine the auditor's remuneration.

4,560,779

99.90%

4,344

0.10%

27.28%

1,265

Resolution 10: To authorise the Directors to allot ordinary shares.

4,559,655

99.91%

4,238

0.09%

27.27%

2,495

Resolution 11: To disapply statutory pre-emption rights.*

4,553,784

99.79%

9,751

0.21%

27.27%

2,853

Resolution 12: To authorise the Company to purchase its own ordinary shares.*

4,062,980

89.02%

501,228

10.98%

27.28%

2,180

1.

All resolutions were passed.

2.

Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution.

3.

Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution.

4.

A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "% of  ISC voted" for any resolution.

5.

The number of shares in issue at close of business on 9 September 2020 was 17,448,260 Ordinary Shares in issue of £0.50 each, including 715,000 Ordinary Shares of £0.50 each held in treasury. Each Ordinary Share (other than those held in treasury) carries one vote. The total voting rights in the Company as at 9 September 2020 were 16,733,260 votes.

6.

The proportion of "ISC voted" for any resolution is the total of votes validly cast for that resolution (i.e. the total votes "For" and "Against" that resolution) expressed as a percentage of the ISC.

7.

The full text of the resolutions passed at the AGM can be found in the Notice of Annual General Meeting which is available on the Company's website at https://montanaro.co.uk/trust/montanaro-european-smaller-companies-trust/.

8.

In accordance with listing rule 9.6.2R, a copy of resolutions 10-12 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.