Result of Warrantholders' Mee

RNS Number : 5218H

Midas Income & Growth Trust PLC

05 November 2008

 



MIDAS INCOME & GROWTH TRUST PLC (the 'Company')

5 November 2008

PROPOSED CANCELLATION OF THE COMPANY'S SHARE PREMIUM ACCOUNT - RESULT OF RECONVENED WARRANTHOLDERS' MEETING

Further to the Company's announcements on 10 October 2008 and 27 October 2008 regarding a proposal to cancel its Share Premium Account (the 'Proposal'), the Company announces that the extraordinary resolution to approve the Proposal was duly passed at today's reconvened Warrantholders' Meeting.  Accordingly, the special resolution passed by shareholders at the Extraordinary General Meeting of the Company held on 27 October 2008 has now become effective.

The total number of Warrant proxy votes lodged was as follows:

	FOR/DISCRETION		AGAINST		TOTAL
Resolution Number	No. of Votes		No. of Votes		No. of Votes
1	408,704		0		408,704

Implementation of the Proposal is subject to confirmation by the High Court and at this time it is envisaged that the Proposal will become effective on or around the 27 November 2008.

Enquiries:

Alan Borrows, Midas Capital Partners Limited

Tel: [phone]

Charles Mearns, Aberdeen Asset Management PLC

Tel: [phone]

 

END

 

 

REGFSLFLISASEDF