Henderson Opportunities

Result of AGM
RNS Number : 0073S
Henderson Opportunities Trust PLC
11 March 2021
 

HENDERSON INVESTMENT FUNDS LIMITED

 

HENDERSON OPPORTUNITIES TRUST PLC

 

LEGAL ENTITY IDENTIFIER: 2138005D884NPGHFQS77

 

11 March 2021

 

 

HENDERSON OPPORTUNITIES TRUST PLC

 

Annual General Meeting held on Thursday 11 March 2021

 

Henderson Opportunities Trust plc announces that at the Annual General Meeting ("AGM") held earlier today all resolutions proposed were duly passed on a poll and the results are as follows:

 

Resolution

For

%

Against

%

Total Votes Cast

Votes cast as a percentage of total voting rights

Withheld

1

Annual Report and audited financial statements

1,814,884

99.94

1,040

0.06

1,815,924

22.99

7,733

2

Directors' Remuneration Report

1,787,100

99.03

17,463

0.97

1,804,563

22.85

19,094

3

Approve a final dividend of 7.5p per share

1,809,406

99.95

0,840

0.05

1,810,246

22.92

13,411

4

Re-appoint Wendy Colquhoun as a Director

1,692,910

93.95

108,964

6.05

1,801,874

22.81

21,783

5

Re-appoint Davina Curling as a Director

1,696,764

93.87

110,725

6.13

1,807,489

22.88

16,168

6

Re-appoint Frances Daley as a Director

1,703,283

94.18

105,298

5.82

1,808,581

22.90

15,076

7

Re-appoint Chris Hills as a Director

1,702,171

94.18

105,210

5.82

1,807,381

22.88

16,276

8

Re-appoint BDO LLP as statutory auditors

1,798,025

99.60

7,138

0.40

1,805,163

22.85

18,494

9

Authorise Directors to determine the remuneration of the statutory auditor

1,799,896

99.91

1,675

0.09

1,801,571

22.81

22,086

10

Authority to allot relevant securities

1,810,087

99.79

3,763

0.21

1,813,850

22.96

9,807

11*

Authority to disapply pre-emption rights

1,773,468

98.98

18,347

1.02

1,791,815

22.69

31,842

12*

Authority to repurchase ordinary shares

1,793,376

98.91

19,837

1.09

1,813,213

22.96

10,444

13*

14 clear days' notice for a General Meeting

1,807,840

99.59

7,422

0.41

1,815,262

22.98

8,395

14*

Updated Articles of Association

1,479,642

82.03

324,137

17.97

1,803,779

22.84

19,878

 

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 9 March 2021 (7,898,375), being the time at which a shareholder had to be registered in the register of members in order to attend and vote at the AGM.  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 8,000,858, of which 102,483 ordinary shares are held in treasury.  As at the date of this announcement the Company's total voting rights therefore comprises 7,898,375 shares with one vote each.

 

Resolutions 11, 12, 13 and 14 were passed as special resolutions. Copies of resolutions 10, 11, 12, 13 and 14 will be filed at Companies House.

 

As announced on 10 December 2020, Peter Jones, who has served on the Board for 9 years, retired with effect from the conclusion of the Annual General Meeting. Wendy Colquhoun succeeded Peter Jones as Chairman of the Board and Chairman of the Board's Nominations, Management Engagement and Insider Committees.  Wendy Colquhoun will remain as a member of the Company's Audit and Risk Committee due to the small number of Directors on the Board.

 

The Company instructs J.P. Morgan Securities plc to act as its broker in respect of its market purchase transactions. The Company may utilise the authority to purchase shares by either a single purchase or a series of purchases when market conditions allow when they are trading at a discount to the underlying net asset value per share, with the aim of maximising the benefit to shareholders. This proposal does not indicate that the Company will purchase shares at any particular time or price, nor imply any opinion on the part of the Directors as to the market or other value of the Company's shares.  This arrangement is in accordance with Chapter 12 of the Financial Conduct Authority's Listing Rules and the Company's general authority to repurchase shares.

 

A copy of the poll results will shortly be available on the Company's website at:

www.hendersonopportunitiestrust.com

 

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:

 

James Henderson

Fund Manager

Henderson Opportunities Trust plc

Telephone: 020 7818 4370

 

James de Sausmarez

Director and Head of Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 3349

 

Laura Foll

Fund Manager

Henderson Opportunities Trust plc

Telephone: 020 7818 6364

 

Laura Thomas

Investment Trust PR Manager

Janus Henderson Investors

Tel: 020 7818 2636

 

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