TIDMTRG
RNS Number : 2344G
TR European Growth Trust PLC
23 November 2020
HENDERSON INVESTMENT FUNDS LIMITED
TR EUROPEAN GROWTH TRUST PLC
LEGAL ENTITY IDENTIFIER: 213800N1B1HCQG2W4V90
23 November 2020
TR EUROPEAN GROWTH TRUST PLC
Annual General Meeting held on 23 November 2020
TR European Growth Trust PLC (the 'Company') announces that at
the 30(th) Annual General Meeting held earlier today all
resolutions proposed were duly passed on a poll. This included
three special resolutions:
- Resolution 14: to authorise the directors to allot up to 5% of
the issued ordinary share capital without first offering them to
existing shareholders in accordance with statutory pre-emption
procedures;
- Resolution 15: to authorise the Company to make market purchases of its own ordinary shares;
- Resolution 16: to hold general meetings other than an annual
general meeting on not less than 14 clear days' notice.
The full text of the resolutions can be found in the circular to
shareholders dated 14 October 2020 which can be viewed on the
Company's website at: www.treuropeangrowthtrust.com .
The poll results were as follows:
Total
Votes votes Votes
Resolution Votes for % against % cast % withheld
------- ------
1. Annual
report and
financial
statements 10,845,497 100.00 77 0.00 10,845,574 43.29 14,253
---------------- ------- ------ ------ ---------
2. Company's
Remuneration
Policy 10,766,897 99.46 58,796 0.54 10,825,693 43.21 34,134
---------------- ------- ------ ------ ---------
3. Directors'
Remuneration
Report 10,771,855 99.53 51,249 0.47 10,823,104 43.20 36,723
---------------- ------- ------ ------ ---------
4. Final
dividend 10,843,190 100.00 77 0.00 10,843,267 43.28 16,560
---------------- ------- ------ ------ ---------
5. Re-election
of Mr
Christopher
Casey 8,243,875 76.16 2,580,535 23.84 10,824,410 43.20 35,414
---------------- ------- ------ ------ ---------
6. Re-election
of Mr
Daniel Burgess 10,663,910 98.56 156,192 1.44 10,820,102 43.19 39,724
---------------- ------- ------ ------ ---------
7. Re-election
of Ms
Ann Grevelius 10,672,948 98.54 158,290 1.46 10,831,238 43.23 28,589
---------------- ------- ------ ------ ---------
8. Re-election
of Ms
Simona
Heidempergher 10,641,544 98.25 189,977 1.75 10,831,521 43.23 28,305
---------------- ------- ------ ------ ---------
9. Re-election
of Mr
Andrew Martin
Smith 10,626,396 98.15 199,829 1.85 10,826,225 43.21 33,603
---------------- ------- ------ ------ ---------
10. Re-election
of Mr
Alexander
Mettenheimer 10,614,006 98.13 202,809 1.87 10,816,815 43.17 43,012
---------------- ------- ------ ------ ---------
11.
Re-appointment
of
Ernst & Young
LLP as
auditors 10,818,241 99.87 14,348 0.13 10,832,589 43.24 27,238
---------------- ------- ------ ------ ---------
12. Directors
to determine
the auditor's
remuneration 10,834,204 99.98 2,533 0.02 10,836,737 43.25 23,090
---------------- ------- ------ ------ ---------
13. Authority
to allot
ordinary
shares 10,832,563 99.95 5,789 0.05 10,838,352 43.26 16,475
---------------- ------- ------ ------ ---------
14. Authority
to disapply
pre-emption
rights on
allotment of
ordinary
shares* 10,781,324 99.65 38,352 0.35 10,819,676 43.19 35,152
---------------- ------- ------ ------ ---------
15. Authority
to make
market
purchases of
own
shares* 10,815,725 99.90 10,606 0.10 10,826,331 43.21 28,496
---------------- ------- ------ ------ ---------
16. Authority
to call
a general
meeting on
14 clear days'
notice* 10,757,524 99.29 76,473 0.71 10,833,997 43.24 20,829
---------------- ------- ------ ------ ---------
* Special resolution.
The Board notes the votes against Resolution 5, representing
23.8% of the shares voted at the meeting. This represents 5.2% of
the Company's issued share capital and 10.3% of the voting rights
in issue. The Board understands that the majority of the votes
against this resolution were from a single shareholder and relates
to the number of directorships held by the Chairman of the Board.
The Board is aware of the Chairman's other commitments, all of
which are non-executive, and believe that he has sufficient
capacity to devote to the Company's affairs. Nevertheless, the
Board will be seeking engagement with this shareholder, and any
others that it can identify as having voted against the resolution,
and will provide a further update in due course.
For the purposes of section 341 of the Companies Act 2006, the
votes validly cast are expressed in the table above as a percentage
of the Company's total voting rights as at the close of business on
19 November 2020 (25,054,198), being the time at which a
shareholder had to be registered in the register of members in
order to vote at the annual general meeting. A vote "withheld" is
not a vote in law and has not been counted as a vote "for" or
"against" a resolution.
The number of ordinary shares in issue at the date of this
announcement is 50,108,397. On a poll the voting rights are one
vote for every two shares held. The number of voting rights is
therefore 25,054,198.
A copy of the special business resolutions will be submitted to
the National Storage Mechanism ("NSM") and will shortly be
available for inspection on the NSM's website at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information please contact:
Colleen Sutcliffe James de Sausmarez
Henderson Secretarial Services Limited Director and Head of Investment Trusts
Corporate Secretary Janus Henderson Investors
Telephone: 020 7818 5919 Tel: 020 7818 3349
Laura Thomas
Investment Trust PR Manager
Janus Henderson Investors
Tel: 020 7818 2636
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