Henderson Alternative Strat Tst PLC Result of AGM (8184C)
January 24 2018 - 7:28AM
UK Regulatory
TIDMHAST
RNS Number : 8184C
Henderson Alternative Strat Tst PLC
24 January 2018
HENDERSON INVESTMENT FUNDS LIMITED
HENDERSON ALTERNATIVE STRATEGIES TRUST PLC
Legal Entity Identifier: 213800J6LLOCA3CUDF69
24 January 2018
HENDERSON ALTERNATIVE STRATEGIES TRUST PLC
Annual General Meeting held on Wednesday 24 January 2018
Henderson Alternative Strategies Trust plc announces that at the
Annual General Meeting held earlier today, all resolutions were
duly passed on a show of hands. This included three Special
Resolutions authorising:
- the allotment of ordinary shares for cash on a non-pre-emptive
basis up to a nominal value of GBP483,480 (equivalent to 5% of the
issued ordinary share capital at today's date);
- market purchases of the Company's ordinary shares up to a
maximum of 14.99% of the issued ordinary share capital (equivalent
to 5,797,927 ordinary shares as at today's date) at the maximum
price per share (exclusive of expenses) not exceeding the higher
of: i) 105% of the average middle market quotations for the five
business days preceding the date of purchase; and ii) the higher of
the last independent bid and the highest current independent bid on
the London Stock Exchange;
- That a General Meeting other than an Annual General Meeting
may be called on not less than 14 clear days' notice.
Continuation Vote
The Board is very pleased with the continuing support shown by
over 76% of our voting shareholders to approve the Resolution for
Continuation of the Company. The Board does not however take such
support for granted and will seek to look for continuing
performance from our repositioned portfolio and to increase the net
asset value of the Company from where it is today.
Prior to the holding of the AGM today, the Board engaged with a
number of shareholders to discuss their concerns. Such discussions
are continuing to ensure the Board has as wide an understanding as
possible of the issues which are of interest to the Company's
shareholder base. The Company notes that some shareholders have
declined to support the continuation vote. Whilst acknowledging
this, the Board believes that the Company has made substantial
progress in repositioning itself since Janus Henderson became
Investment Manager in 2013 and is well-placed now to answer
investors' aspirations. However, we recognise that the improvement
in returns must continue to be sustained to satisfy all our
shareholders.
The full text of all the resolutions can be found in the Notice
of Meeting, which is available for viewing at
www.morningstar.co.uk/uk/nsm.
For further information please contact:
Ian Barrass James de Sausmarez
Fund Manager Director and Head of Investment Trusts
Henderson Alternative Strategies Trust plc Janus Henderson Investors
Telephone: 020 7818 2964 Telephone: 020 7818 3349
James de Bunsen
Fund Manager
Henderson Alternative Strategies Trust plc
Telephone: 020 7818 3869
This information is provided by RNS
The company news service from the London Stock Exchange
END
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