Result of AGM

RNS Number : 8781G

Henderson Opportunities Trust PLC

19 March 2020

 

HENDERSON INVESTMENT FUNDS LIMITED

HENDERSON OPPORTUNITIES TRUST PLC

Legal Entity Identifier: 2138005D884NPGHFQS77

19 March 2020

HENDERSON OPPORTUNITIES TRUST PLC

Annual General Meeting held on Thursday 19 March 2020

Henderson Opportunities Trust plc announces that at the Annual General Meeting ("AGM") held earlier today all resolutions proposed were duly passed on a poll and the results are as follows:

Resolution	Description	For (including discretionary)	%	Against	%	Withheld	Votes cast as a percentage of total voting rights
1	Annual Report and audited financial statements	2,510,528	99.74	6,550	0.26	4,319	31.87
2	Directors' Remuneration Policy	2,483,567	99.02	24,512	0.98	13,318	31.75
3	Directors' Remuneration Report	2,486,179	99.09	22,796	0.91	12,422	31.77
4	Final dividend of 19.0p per share	2,509,821	99.71	7,349	0.29	4,227	31.87
5	Appoint Davina Curling as a Director	2,487,653	99.21	19,726	0.79	14,018	31.75
6	Re-appoint Peter Jones as a Director	2,495,038	99.39	15,253	0.61	11,106	31.78
7	Re-appoint Wendy Colquhoun as a Director	2,486,164	99.03	24,235	0.96	10,998	31.78
8	Re-appoint Frances Daley as a Director	2,484,262	98.96	26,137	1.04	10,998	31.78
9	Re-appoint Chris Hills as a Director	2,496,949	99.47	13,342	0.53	11,106	31.78
10	Re-appoint BDO LLP as statutory auditors	2,498,479	99.5	12,538	0.5	10,380	31.79
11	Remuneration of the statutory auditors	2,498,690	99.68	7,949	0.32	14,758	31.74
12	Continuation as an Investment Trust	2,501,442	99.23	19,467	0.77	488	31.92
13	Authority to allot relevant securities	2,498,064	99.43	14,355	0.57	6,978	31.81
14*	Authority to disapply pre-emption rights	2,491,582	99.43	14,221	0.57	13,594	31.73
15*	Authority to repurchase ordinary shares	2,492,246	99.13	21,783	0.87	5,368	31.83
16*	14 clear days' notice for a General Meeting	2,501,997	99.56	11,054	0.44	6,346	31.82

For the purposes of section 341 of the Companies Act 2006, the votes validly cast are expressed in the table above as a percentage of the Company's total voting rights as at the close of business on 17 March 2020, being the time at which a shareholder had to be registered in the register of members in order to attend and vote at the AGM.  A vote "withheld" is not a vote in law and has not been counted as a vote "for" or "against" a resolution.

The number of ordinary shares in issue at the date of this announcement is 8,000,858, of which 102,483 ordinary shares are held in treasury.  As at the date of this announcement the Company's total voting rights therefore comprises 7,898,375 shares with one vote each.

Resolutions 14, 15 and 16 were passed as special resolutions. Copies of resolutions 13, 14, 15 and 16 will be filed at Companies House.

As announced on 26 September 2019, Max King, who has served on the Board for more than 14 years, retired with effect from the conclusion of the Annual General Meeting . 

The Company instructs J.P. Morgan Securities plc to act as its broker in respect of its market purchase transactions. The Company may utilise the authority to purchase shares by either a single purchase or a series of purchases when market conditions allow when they are trading at a discount to the underlying net asset value per share, with the aim of maximising the benefit to shareholders. This proposal does not indicate that the Company will purchase shares at any particular time or price, nor imply any opinion on the part of the Directors as to the market or other value of the Company's shares.  This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.

In accordance with the Financial Conduct Authorities Listing Rule 9.6.2, copies of all the resolutions passed other than resolutions concerning ordinary business have been submitted today to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at www.morningstar.co.uk/uk/nsm .

For further information, please contact:

James Henderson Fund Manager Henderson Opportunities Trust plc Telephone: [phone]	James de Sausmarez Director and Head of Investment Trusts Janus Henderson Investors Telephone: [phone]
Laura Foll Fund Manager Henderson Opportunities Trust plc Telephone: [phone]	Laura Thomas Investment Trust PR Manager Janus Henderson Investors Tel: [phone]

 

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