Result of General Meeting

Asia Dragon Trust PLC

25 October 2023

 

25 October 2023

ASIA DRAGON TRUST PLC

Legal Entity Identifier: 549300W4KB0D75D1N730

Result of General Meeting

The Board of Asia Dragon Trust plc (the "Company") is pleased to announce that the following resolutions were approved by the Company's shareholders at the general meeting of the Company held today: (i) the ordinary resolution relating to the issue of New Shares in connection with the proposed combination of the assets of the Company with the assets of abrdn New Dawn Investment Trust plc ("New Dawn"); (ii) the ordinary resolution relating to the adoption of the New Investment Policy; and (iii) the special resolution relating to the adoption of amended articles of association.

The Issue remains conditional upon, amongst other things, the passing of the resolution to be proposed at the Second New Dawn General Meeting to be held on 8 November 2023.

Details of the number of proxy votes cast for, against and withheld in respect of the resolutions, which were voted on by way of poll, are set out below and will also be published on the Company's website: www.asiadragontrust.co.uk.  

Resolution	Votes For (including Discretionary)	%	Votes Against	%	Votes Total	% Issued Share Capital	Votes Withheld
Authority to allot New Shares in connection with the Issue	85,677,340	99.93%	58,936	0.07%	85,736,276	75.93%	30,521
Adoption of the New Investment Policy	85,676,081	99.93%	61,573	0.07%	85,737,654	75.93%	29,143
Adoption of amended articles of association	85,687,831	99.95%	43,235	0.05%	85,731,066	75.92%	35,732

The full text of the resolutions can be found in the notice of General Meeting contained in the Company's circular to Shareholders dated 22 September 2023 (the "Circular"). The Circular is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at www.asiadragontrust.co.uk.

In accordance with Listing Rule 9.6.2R, a copy of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Defined terms used in this announcement have the meanings given in the Circular unless the context otherwise requires.

For further information:

Asia Dragon Trust plc
James Will	Contact via aFML
abrdn Fund Managers Limited
William Hemmings	[phone]
Stephanie Hocking	[phone]
Winterflood Securities Limited	[phone]
Neil Langford
Phoebe Pankhurst

 

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