Result of AGM

RNS Number : 1871O
Aberdeen Standard Equity Income Tst
05 February 2021
 

ABERDEEN STANDARD EQUITY INCOME TRUST PLC

Legal Entity Identifier (LEI): 21380015XPT7BZISSQ74

 

5 February 2021

 

Result of Annual General Meeting

 

Aberdeen Standard Equity Income Trust plc (the "Company") hereby gives notification that, at the Annual General Meeting of the Company held earlier today, Friday 5 February 2021, all the Resolutions as set out in full in the Notice of Meeting included within the Annual Report and available on the Company's website, www.aberdeenstandardequityincometrust.co.uk * were duly passed.

 

As set out in the Company's Annual Report to 30 September 2020, Mr Burns retired from the Board immediately following the Annual General Meeting and was succeeded by Mr White as Chairman. 

 

Mr White said "The Board wishes to thank Mr Burns for his service to the Board as a Director since 2006, and as Chairman since 2014.  During Mr Burns' tenure the Company's annual dividend has more than doubled from 9.5 pence per share paid in 2006 to the 20.6 pence per share paid last year." 

 

Ms Hitch will succeed Mr White as Chair of the Remuneration and Management Engagement Committee with immediate effect.

 

The total number of proxy votes lodged for the Annual General Meeting were 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. Receive Report & Accounts

7,804,442

99.95

4,152

0.05

13,282

7,808,594

2. Approve Directors' Remuneration Report

7,657,980

98.28

134,380

1.72

29,515

7,792,360

3. Approve Dividend Policy

7,789,013

99.81

14,760

0.19

18,103

7,803,773

4. Re-elect Ms C.M. Hitch  

7,720,623

99.37

48,737

0.63

52,516

7,769,360

5. Re-elect Ms S. Patel

7,729,668

99.33

52,337

0.67

39,871

7,782,005

6. Re-elect Mr J. J. Tigue

7,728,366

99.31

53,639

0.69

39,871

7,782,005

7. Re-elect Mr M.B.E White

6,792,578

87.29

989,426

12.71

39,871

7,782,004

8. Re-appoint KPMG LLP as Auditor

7,716,756

99.34

51,595

0.66

53,525

7,768,351

9. Remuneration of the Auditor

7,778,482

99.61

30,749

0.39

12,645

7,809,231

10. Allotment of new equity

7,737,017

99.33

52,221

0.67

32,638

7,789,238

11. Disapply  pre-emption rights

7,629,965

98.46

119,562

1.54

72,348

7,749,527

12. Authorise market purchases of ordinary shares

7,707,496

99.28

56,128

0.72

58,251

7,763,624

13. Notice of General Meeting

7,701,972

99.08

71,693

0.92

48,211

7,773,665

14. Adoption of new Articles of Association

7,668,989

99.03

75,433

0.97

77,454

7,744,422

 

A copy of the AGM resolutions which require to be lodged with the UKLA have been submitted to the National Storage
Mechanism (NSM) and will shortly be available for inspection at:


https://data.fca.org.uk/#/nsm/nationalstoragemechanism*

 

As shareholders were restricted from attending the Annual General Meeting, given the ongoing restrictions arising from the Covid-19 pandemic, a Presentation from the Manager will shortly be published on the Company's website.

 

* 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.

 

 

For Aberdeen Standard Equity Income Trust plc

Aberdeen Asset Management PLC

Company Secretary

 

5 February 2021

Tel: 0131 372 2200

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGSSMFEIEFSESE
UK 100

Latest directors dealings