NB Distressed Debt | Engage

The 2025 AGM will be held in Guernsey on 30 June 2025. The notice for the AGM will set out the ordinary and special resolutions to be proposed at the meeting. Separate resolutions are proposed for each substantive issue. Shareholders wishing to lodge questions in advance of the meeting and specifically related to the resolutions proposed are invited to do so by writing to the Company Secretary at the address given on page 89 .

Voting on all resolutions at the AGM will be on a poll. The proxy votes cast, including details of votes withheld are disclosed to those in attendance at the meeting and the results are published on the Company's website and announced via a Regulatory Information Service. Where a significant number of votes have been lodged against a proposed resolution (being greater than 20%), in accordance with the AIC Code published in February 2019, it is the Board's policy that the Board will identify those shareholders and further understand their views to address the concerns of the Company's shareholders. At the 2024 AGM a significant number of votes (42%) were cast against the resolution authorising the Company to make market acquisitions of its own shares. As it was not expected that this power would be used other than in exceptional circumstances it was not considered necessary to seek feedback and this will not be proposed again.