Result of AGM

abrdn Equity Income Trust plc
20 February 2024
 

ABRDN EQUITY INCOME TRUST PLC

Legal Entity Identifier (LEI): 21380015XPT7BZISSQ74

 

20 February 2024

 

Result of Annual General Meeting

 

At the Annual General Meeting of abrdn Equity Income Trust plc (the "Company") held on Tuesday, 20 February 2024, all the Resolutions as set out in full in the Notice of Meeting included within the Company's Annual Report for the year ended 30 September 2023, available on the Company's website www.abrdnequityincometrust.com*, were duly passed on a show of hands.

 

As set out in the Company's Annual Report to 30 September 2023, Mr Tigue retired from the Board immediately after the Annual General Meeting. 

 

Ms Patel said "The Board wishes to formally thank Mr Tigue for his service to the Board as a Director since 2014, and as Senior Independent Director since 2016." 

 

Ms Hitch will take on the role of Senior Independent Director with immediate effect and Mr Timberlake will take on the role of Chair of the Remuneration & Management Engagement Committee with immediate effect. 

 

The total number of proxy votes lodged was 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. Approve Directors' Report and Financial Statements

5,810,213

99.8

11,793

0.2

44,180

5,822,006

2. Approve Directors' Remuneration Report

5,539,683

95.7

246,332

4.3

80,171

5,786,015

3. Approve Dividend Policy

5,791,836

99.5

26,863

0.5

47,487

5,818,699

4. Re-elect Ms C.M. Hitch 

5,646,905

97.8

126,366

2.2

92,915

5,773,271

5. Re-elect Mr M. Little

5,638,215

98.2

103,477

1.8

124,494

5,741,692

6. Re-elect Ms S. Patel

5,644,964

97.8

128,368

2.2

92,854

5,773,332

7. Elect Mr N. Timberlake

5,661,828

98.6

79,152

1.4

125,206

5,740,980

8. Appoint Johnston Carmichael LLP as Auditor

5,700,418

99.4

35,986

0.6

129,782

5,736,404

9. Remuneration of the Auditor

5,700,540

99.0

57,879

1.0

107,767

5,758,419

10. Allotment of shares

5,724,742

98.0

114,447

2.0

26,997

5,839,189

11. Disapply pre-emption rights

5,607,929

96.6

200,165

3.4

58,092

5,808,094

12. Authorise market purchases of ordinary shares

5,771,791

98.9

65,258

1.1

29,137

5,837,049

13. Notice of General Meetings

5,653,778

97.7

132,929

2.3

79,479

5,786,707

 

Copies of the resolutions passed under special business will shortly be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism*.

 

*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.

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