Result of AGM

European Smaller Companies Tst PLC
27 November 2023
 

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE EUROPEAN SMALLER COMPANIES TRUST PLC

LEGAL ENTITY IDENTIFIER: 213800N1B1HCQG2W4V90

27 November 2023

 

THE EUROPEAN SMALLER COMPANIES TRUST PLC (the 'Company')

 

Annual General Meeting held on 27 November 2023

 

The Company announces that at the 33rd Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll. This included three special resolutions:

 

-     Resolution 13:  to authorise the directors to allot up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;

 

-     Resolution 14:  to authorise the Company to make market purchases of its own ordinary shares;

 

-     Resolution 15:  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 16 October 2023 which can be viewed on the Company's website at: www.europeansmallercompaniestrust.com.

 

The poll results were as follows:

Resolution

Votes for

%

Votes against

%

Total votes cast

%

Votes withheld

1.   Receive the annual report and financial statements for the year ended 30 June 2023

173,468,466

99.95

79,563

0.05

173,548,029

43.35

397,760

2.   Approve the Company's Remuneration Policy

172,446,850

99.63

648,741

0.37

173,095,591

43.24

850,198

3.   Approve the Directors' Remuneration Report

172,418,694

99.61

679,905

0.39

173,098,599

43.24

847,190

4.   Approve the final dividend

173,419,408

99.95

80,035

0.05

173,499,443

43.34

446,346

5.   Election of James Williams as a director

173,059,668

99.86

247,107

0.14

173,306,775

43.29

639,014

6.   Re-election of Christopher Casey as a director

151,574,698

98.33

2,569,359

1.67

154,144,057

38.51

19,801,732

7.   Re-election of Daniel Burgess as a director

170,767,909

98.52

2,568,982

1.48

173,336,891

43.30

608,898

8.   Re-election of Ann Grevelius as a director

170,525,772

98.33

2,888,584

1.67

173,414,356

43.32

531,433

9.   Re-election of Simona Heidempergher as a director

148,387,790

96.19

5,871,849

3.81

154,259,639

38.53

19,686,150

10.  Re-appointment of Ernst & Young LLP as auditor

172,907,746

99.82

303,197

0.18

173,210,943

43.27

734,846

11.  Audit Committee to determine the auditor's remuneration

173,242,765

99.93

112,941

0.07

173,355,706

43.30

590,083

12.  Authority to allot ordinary shares

173,221,398

99.88

216,680

0.12

173,438,078

43.32

507,711

13.  Authority to disapply pre-emption rights on allotment of ordinary shares*

172,658,017

99.71

498,243

0.29

173,156,260

43.25

789,529

14.  Authority to make market purchases of own shares*

171,108,363

98.64

2,364,172

1.36

173,472,535

43.33

473,254

15.  Authority to call a general meeting on 14 clear days' notice*

172,402,418

99.35

1,134,947

0.65

173,537,365

43.35

408,424

 

* Special resolution.

 

 

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 23 November 2023 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 and total voting rights at the date of this announcement is 400,321,188.  Each share carries the entitlement to one vote per share.

 

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

Janus Henderson Secretarial Services UK Limited

Corporate Secretary

Telephone: 020 7818 5919

 


Harriet Hall

PR Manager, Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 2919

 

 

 

 

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