Result of AGM and Update

RNS Number : 8881P

Aberdeen New India Invest Trust PLC

05 September 2017

 

ABERDEEN NEW INDIA INVESTMENT TRUST PLC

RESULT OF ANNUAL GENERAL MEETING and UPDATE

5 September 2017

Result of Annual General Meeting ("AGM")

At the AGM of Aberdeen New India Investment Trust PLC ("the Company") held on 5 September 2017, all resolutions in the Notice of the Meeting as set out in the Annual Report for the year ended 31 March 2017 ("Annual Report"), were passed on a show of hands.

The total number of proxy votes lodged was as follows:

Resolution	For and Discretionary		Against		Votes	Total Votes
Number	No. of	% of	No. of	% of	Withheld	(excluding Votes Withheld)
	Votes	Votes Cast	Votes	Votes Cast
1	29,859,898	99.9	18,990	0.1	14,453	29,878,888
2	29,808,737	99.9	44,272	0.1	39,423	29,853,009
3	29,804,436	99.9	44,605	0.1	43,390	29,849,041
4	29,817,622	99.8	45,946	0.2	29,863	29,863,568
5	39,818,305	99.9	47,937	0.1	27,189	39,866,242
6	29,816,424	99.8	50,075	0.2	26,932	29,866,499
7	29,819,422	99.9	43,805	0.1	30,203	29,863,227
8	29,815,343	99.9	38,227	0.1	39,861	29,853,570
9	27,625,707	92.5	2,251,731	7.5	13,950	29,877,438
10	29,833,997	99.9	35,491	0.1	23,943	29,869,488
11	29,802,309	99.9	35,868	0.1	55,254	29,838,177
12	29,781,950	99.8	70,769	0.2	40,712	29,852,719

The full text of the resolutions can be found in the Annual Report, copies of which are available on the Company's website, www.aberdeen-newindia.co.uk *.

Copies of the resolutions passed under special business will shortly be submitted to the National Storage Mechanism and will be available for inspection at: www.morningstar.co.uk/uk/NSM *.

Update - Reduction in Management Fee

The Company announces that an amendment to the management fee has been agreed with Aberdeen Fund Managers Limited (the "Manager") which will become effective on 1 April 2018. From that date the Manager will be entitled to a management fee payable monthly in arrears based on an annual amount of 0.9% (previously 1.0%) of the Company's net assets, valued monthly, up to £350m, and 0.75% above £350m.

Enquiries:

Aberdeen Asset Management PLC

Secretary

Tel. [phone]

*Neither the Company's website nor the content of any website accessible from hyperlinks on that website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

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