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Result of AGM
RNS
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RNS Number : 2344G
TR European Growth Trust PLC
23 November 2020
HENDERSON INVESTMENT FUNDS LIMITED
TR EUROPEAN GROWTH TRUST PLC
LEGAL ENTITY IDENTIFIER: 213800N1B1HCQG2W4V90
23 November 2020
TR EUROPEAN GROWTH TRUST PLC
Annual General Meeting held on 23 November 2020
TR European Growth Trust PLC (the 'Company') announces that at the 30th Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll. This included three special resolutions:
-
Resolution 14: to authorise the directors to allot up to 5% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;
-
Resolution 15: to authorise the Company to make market purchases of its own ordinary shares;
-
Resolution 16: to hold general meetings other than an annual general meeting on not less than 14 clear days' notice.
The full text of the resolutions can be found in the circular to shareholders dated 14 October 2020 which can be viewed on the Company's website at:
www.treuropeangrowthtrust.com
.
The poll results were as follows:
|
Resolution
|
Votes for
|
%
|
Votes against
|
%
|
Total votes cast
|
%
|
Votes withheld
|
|
1. Annual report and financial statements
|
10,845,497
|
100.00
|
77
|
0.00
|
10,845,574
|
43.29
|
14,253
|
|
2. Company's Remuneration Policy
|
10,766,897
|
99.46
|
58,796
|
0.54
|
10,825,693
|
43.21
|
34,134
|
|
3. Directors' Remuneration Report
|
10,771,855
|
99.53
|
51,249
|
0.47
|
10,823,104
|
43.20
|
36,723
|
|
4. Final dividend
|
10,843,190
|
100.00
|
77
|
0.00
|
10,843,267
|
43.28
|
16,560
|
|
5. Re-election of Mr Christopher Casey
|
8,243,875
|
76.16
|
2,580,535
|
23.84
|
10,824,410
|
43.20
|
35,414
|
|
6. Re-election of Mr Daniel Burgess
|
10,663,910
|
98.56
|
156,192
|
1.44
|
10,820,102
|
43.19
|
39,724
|
|
7. Re-election of Ms Ann Grevelius
|
10,672,948
|
98.54
|
158,290
|
1.46
|
10,831,238
|
43.23
|
28,589
|
|
8. Re-election of Ms Simona Heidempergher
|
10,641,544
|
98.25
|
189,977
|
1.75
|
10,831,521
|
43.23
|
28,305
|
|
9. Re-election of Mr Andrew Martin Smith
|
10,626,396
|
98.15
|
199,829
|
1.85
|
10,826,225
|
43.21
|
33,603
|
|
10. Re-election of Mr Alexander Mettenheimer
|
10,614,006
|
98.13
|
202,809
|
1.87
|
10,816,815
|
43.17
|
43,012
|
|
11. Re-appointment of Ernst & Young LLP as auditors
|
10,818,241
|
99.87
|
14,348
|
0.13
|
10,832,589
|
43.24
|
27,238
|
|
12. Directors to determine the auditor's remuneration
|
10,834,204
|
99.98
|
2,533
|
0.02
|
10,836,737
|
43.25
|
23,090
|
|
13. Authority to allot ordinary shares
|
10,832,563
|
99.95
|
5,789
|
0.05
|
10,838,352
|
43.26
|
16,475
|
|
14. Authority to disapply pre-emption rights on allotment of ordinary shares*
|
10,781,324
|
99.65
|
38,352
|
0.35
|
10,819,676
|
43.19
|
35,152
|
|
15. Authority to make market purchases of own shares*
|
10,815,725
|
99.90
|
10,606
|
0.10
|
10,826,331
|
43.21
|
28,496
|
|
16. Authority to call a general meeting on 14 clear days' notice*
|
10,757,524
|
99.29
|
76,473
|
0.71
|
10,833,997
|
43.24
|
20,829
|
|
* Special resolution.
The Board notes the votes against Resolution 5, representing 23.8% of the shares voted at the meeting. This represents 5.2% of the Company's issued share capital and 10.3% of the voting rights in issue. The Board understands that the majority of the votes against this resolution were from a single shareholder and relates to the number of directorships held by the Chairman of the Board.
The Board is aware of the Chairman's other commitments, all of which are non-executive, and believe that he has sufficient capacity to devote to the Company's affairs. Nevertheless, the Board
will be seeking engagement with this shareholder, and any others that it can identify as having voted against the resolution, and will provide a further update in due course.
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 19 November 2020 (25,054,198), being the time at which a shareholder had to be registered in the register of members in order to vote at the annual 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 50,108,397. On a poll the voting rights are one vote for every two shares held. The number of voting rights is therefore 25,054,198.
A copy of the special business resolutions 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:
|
Colleen Sutcliffe
Henderson Secretarial Services Limited
Corporate Secretary
Telephone: 020 7818 5919
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James de Sausmarez
Director and Head of Investment Trusts
Janus Henderson Investors
Tel: 020 7818 3349
|
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Laura Thomas
Investment Trust PR Manager
Janus Henderson Investors
Tel: 020 7818 2636
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