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: [phone]

 

END

 

 

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