Result of AGM

RNS Number : 9007V

CQS Natural Resources Grwth&Inc PLC

06 December 2019

 

CQS NATURAL RESOURCES GROWTH AND INCOME PLC ("the Company")

Results of AGM

Following the Annual General Meeting (the "AGM") which was held yesterday, 5 December 2019, the Company is pleased to announce that all resolutions put to shareholders on a show of hands, except resolution 13 which was put to a poll, were passed, including ordinary resolutions 10, 11 and 12 and special resolutions 14 and 15 as special business of the Company:

Resolution 10 Resolution 11 Resolution 12	To amend the Articles of Association. That the Company continues as an investment trust. To grant the Directors authority to allot shares.
Resolution 13	To authorise the Directors to disapply pre-emption rights in respect of issues of new shares or the sale of shares out of treasury (defeated).
Resolution 14	To authorise the Directors to purchase the Company's shares.
Resolution 15	To authorise a General Meeting, other than an Annual General Meeting to be called on not less than 14 clear days' notice.

The full text of each resolution can be found in the Annual Report and Accounts for the year ended 30 June 2019, which is available at

https://ncim.co.uk/wp/wp-content/uploads/2019/10/177778-CNR-AR-WEB-compressed.pdf

In accordance with listing rule 9.6.2 a copy of the resolutions has been submitted to the National Storage Mechanism, and will shortly be available for inspection.

Proxy votes received for and against the resolution and the number of votes withheld, were as follows:

	Votes For and Discretion	% (of votes cast excl. withheld)	Votes Against	% (of votes cast excl. withheld)	Total (excl. withheld)	Votes Withheld
Resolution 1	17,986,301	99.99%	1,960	0.01%	17,988,261	203,032
Resolution 2	18,016,749	99.41%	107,272	0.59%	18,124,021	67,272
Resolution 3	18,154,435	99.99%	2,638	0.01%	18,157,073	34,220
Resolution 4	17,814,493	98.28%	310,913	1.72%	18,125,406	65,887
Resolution 5	18,110,630	99.92%	14,776	0.08%	18,125,406	65,887
Resolution 6	18,123,200	99.99%	2,206	0.01%	18,125,406	65,887
Resolution 7	18,121,240	99.99%	2,206	0.01%	18,123,446	67,847
Resolution 8	18,123,300	99.99%	2,106	0.01%	18,125,406	65,887
Resolution 9	18,134,718	99.88%	21,522	0.12%	18,156,240	35,053
Resolution 10	18,086,426	99.86%	25,377	0.14%	18,111,803	79,490
Resolution 11	15,967,276	87.84%	2,210,633	12.16%	18,177,909	13,384
Resolution 12	18,126,975	99.84%	29,546	0.16%	18,156,521	34,772
Resolution 13	9,075,182	49.76%	9,162,473	50.24%	18,237,655	69,737
Resolution 14	18,070,323	99.52%	87,230	0.48%	18,157,553	33,740
Resolution 15	18,151,755	99.97%	4,766	0.03%	18,156,521	34,772

The Company notes that a significant number of votes were cast against resolution 13. The Company will engage with the relevant shareholders shortly and, in accordance with the UK Corporate Governance Code 2018, expects to provide an update on this consultation process within six months.

Maitland Administration Services Limited

Corporate Secretary

6 December 2019

 

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