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Henderson Alt Strat (HAST)

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Friday 03 July, 2020

Henderson Alt Strat

Result of Meeting

RNS Number : 0223S
Henderson Alternative Strat Tst PLC
03 July 2020
 

HENDERSON INVESTMENT FUNDS LIMITED

HENDERSON ALTERNATIVE STRATEGIES TRUST PLC

LEGAL ENTITY IDENTIFIER: 213800J6LLOCA3CUDF69

 

 

3 July 2020

 

HENDERSON ALTERNATIVE STRATEGIES TRUST PLC (the ″Company″ or ″HAST″)

 

Result of Meeting

 

The Company announces that, at the general meeting held on 3 July 2020, the ordinary resolution set out in the notice of general meeting dated 17 June 2020 (summarised below) was duly passed on a poll.

 

Resolution - THAT the proposed new investment policy of the Company as described in Part 1 of the circular to Shareholders dated 24 February 2020 (the "Circular") be adopted as the investment policy of the Company with immediate effect and the existing investment policy be and is hereby replaced.

 

Proposals:

 

to modify the investment objective and policy of the Company with a view to realising the Company's assets in an orderly manner that achieves a balance between returning cash to Shareholders promptly and maximising value; and to amend the terms of the Investment Management Agreement between the Company and the Manager in order to reduce the management fee payable during the realisation process

The votes cast were as follows:

 


Votes for (including discretionary)

%

Votes against

%

Total votes cast

Votes cast (excluding votes withheld) as a percentage of total voting rights

Votes withheld

Resolution

23,419,600

99.89

24,813

0.11

23,444,413

60.61

4,610

 

 

Details on the commencement of the asset realisation programme, together with the Fund Managers' expected timeframe, will be given in the Company's forthcoming Report and Accounts, and details will additionally be given monthly in the Company factsheets.

 

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 11.00 a.m. on 1 July 2020 (38,678,638), being the time at which a shareholder had to be registered in the register of members in order to vote at the General Meeting.  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 38,678,638. There are no shares held in treasury. Therefore, as at the date of this announcement the number of voting rights in the Company are 38,678,638.

 

A copy of the poll results will be available on the Company's website shortly at: www.hendersonalternativestrategies.com  

 

A copy of the resolution will be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

For further information please contact:

 

Richard Gubbins

Chairman: Henderson Alternative Strategies Trust plc

Telephone: 020 7818 2025

 

James de Sausmarez

Director and Head of Investment Trusts

Telephone: 020 7818 3349

 

Alex Barr

Senior Portfolio Manager

Telephone: 020 7818 2824

 

Mark Bloomfield

Corporate Broker: Stifel Nicolaus Europe Ltd

Telephone: 020 7710 7600

 

Laura Thomas

Investor Relations and PR Manager

Henderson Investment Funds Limited

Telephone: 020 7818 2636


 


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