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Form of Proxy

THE MERCANTILE INVESTMENT TRUST PLC

Notes

No. Proposition For Against Abstain
1

TO RECEIVE THE DIRECTORS REPORT, THE ANNUAL ACCOUNTS AND THE AUDITORS REPORT FOR THE YEAR ENDED 31ST JANUARY 2026

2

TO APPROVE THE COMPANYS REMUNERATION POLICY

3

TO APPROVE THE DIRECTORS REMUNERATION REPORT FOR THE YEAR ENDED 31ST JANUARY 2026

4

TO REAPPOINT RACHEL BEAGLES AS A DIRECTOR OF THE COMPANY

5

TO REAPPOINT JULIA GOH AS A DIRECTOR OF THE COMPANY

6

TO REAPPOINT HEATHER HOPKINS AS A DIRECTOR OF THE COMPANY

7

TO REAPPOINT GRAHAM KITCHEN AS A DIRECTOR OF THE COMPANY

8

TO REAPPOINT DAMIEN MALTARP AS A DIRECTOR OF THE COMPANY

9

THAT BDO LLP BE REAPPOINTED AS AUDITORS OF THE COMPANY TO HOLD OFFICE UNTIL THE CONCLUSION OF THE NEXT GENERAL MEETING AT WHICH ACCOUNTS ARE LAID BEFORE THE COMPANY AND THAT THEIR REMUNERATION BE FIXED BY THE DIRECTORS

10

AUTHORITY TO ALLOT NEW SHARES

11

AUTHORITY TO DISAPPLY PRE-EMPTION RIGHTS ON ALLOTMENT OF RELEVANT SECURITIES

12

AUTHORITY TO REPURCHASE THE COMPANYS SHARES

13

APPROVAL OF DIVIDEND POLICY

14

AUTHORITY TO HOLD GENERAL MEETINGS

15

APPROVAL OF INCREASE OF THE DIRECTORS AGGREGATE ANNUAL REMUNERATION CAP