TIDMAEI
RNS Number : 7776O
abrdn Equity Income Trust plc
02 February 2023
abrdn EQUITY INCOME TRUST PLC
Legal Entity Identifier (LEI): 21380015XPT7BZISSQ74
2 February 2023
Result of Annual General Meeting
At the Annual General Meeting of abrdn Equity Income Trust plc
(the "Company") held on Thursday, 2 February 2023, all the
Resolutions as set out in full in the Notice of Meeting included
within the Company's Annual Report for the year ended 30 September
2022, available on the Company's website
www.abrdnequityincometrust.com*, were duly passed on a show of
hands.
As set out in the Company's Annual Report to 30 September 2022,
Mr White retired from the Board immediately following the Annual
General Meeting and was succeeded by Ms Patel as Chair.
Ms Patel said "The Board wishes to formally thank Mr White for
his service to the Board as a Director since 2013, and as Chairman
since 2021. During Mr White's tenure the Company's annual dividend
has increased from 13.4 pence per share paid in 2013 to the 22.7
pence per share paid last year."
Mr Little will succeed Ms Patel as Chair of the Audit Committee
with immediate effect.
The total number of proxy votes lodged was as follows:
For and Discretionary Against Votes Total Votes
------------------------ ----------------
Resolution No. of % of No. of % of Withheld (excluding
Votes Withheld)
Number Votes Votes Cast Votes Votes
Cast
========================== =========== =========== ======== ====== =========
1. Approve Directors'
Report and Financial
Statements 5,450,683 99.92 4,311 0.08 35,884 5,454,994
-------------------------- ----------- ----------- -------- ------ --------- -----------------
2. Approve Directors'
Remuneration Report 5,247,338 96.84 171,260 3.16 68,680 5,418,598
-------------------------- ----------- ----------- -------- ------ --------- -----------------
3. Approve Directors'
Remuneration Policy 5,271,576 97.34 143,809 2.66 75,493 5,415,385
-------------------------- ----------- ----------- -------- ------ --------- -----------------
4. Approve Dividend
Policy 5,440,654 99.67 17,811 0.33 32,413 5,458,465
-------------------------- ----------- ----------- -------- ------ --------- -----------------
5. Approve aggregate
annual fees payable
to Directors. 5,378,362 98.69 71,271 1.31 41,245 5,449,633
-------------------------- ----------- ----------- -------- ------ --------- -----------------
6. Re-elect Ms C.M.
Hitch 5,413,157 98.88 61,455 1.12 16,266 5,474,612
-------------------------- ----------- ----------- -------- ------ --------- -----------------
7. Re-elect Ms S.
Patel 5,411,942 98.86 62,670 1.14 16,266 5,474,612
-------------------------- ----------- ----------- -------- ------ --------- -----------------
8. Re-elect Mr J.
J. Tigue 5,383,640 98.72 69,971 1.28 37,266 5,453,611
-------------------------- ----------- ----------- -------- ------ --------- -----------------
9. Elect Mr M. Little 5,399,582 99.02 53,616 0.98 34,340 5,453,198
-------------------------- ----------- ----------- -------- ------ --------- -----------------
10. Re-appoint KPMG
LLP as Auditor 5,380,059 98.59 76,928 1.41 30,551 5,456,987
-------------------------- ----------- ----------- -------- ------ --------- -----------------
11. Remuneration
of the Auditor 5,401,958 99.20 43,351 0.80 42,229 5,445,309
-------------------------- ----------- ----------- -------- ------ --------- -----------------
12. Allotment of
shares 5,381,909 98.94 57,435 1.06 48,194 5,439,344
-------------------------- ----------- ----------- -------- ------ --------- -----------------
13. Disapply pre-emption
rights 5,255,065 97.15 154,012 2.85 78,461 5,409,077
-------------------------- ----------- ----------- -------- ------ --------- -----------------
14. Authorise market
purchases of ordinary
shares 5,425,666 99.01 54,282 0.99 7,590 5,479,948
-------------------------- ----------- ----------- -------- ------ --------- -----------------
15. Notice of General
Meetings 5,229,410 95.60 240,595 4.40 17,533 5,470,005
========================== =========== =========== ======== ====== ========= =================
Copies of the resolutions passed under special business will
shortly be submitted to the National Storage Mechanism and will be
available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism *.
* Neither the NSM website nor the Company's website nor the
content of any website accessible from hyperlinks on those websites
(or any other website) is (or is deemed to be) incorporated into,
or forms (or is deemed to form) part of this announcement.
2 February 2023
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END
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