Result of AGM
Summary by AI BETAClose X
JANUS HENDERSON FUND MANAGMENT UK LIMITED
THE NORTH AMERICAN INCOME TRUST PLC
LEGAL ENTITY IDENTIFIER: 5493007GCUW7G2BKY360
17 June 2026
THE NORTH AMERICAN INCOME TRUST PLC
("The Company")
Annual General Meeting held on
Wednesday 17 June 2026
The North American Income Trust plc announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll, five of which were special resolutions authorising:
- the Directors to allot or to sell from treasury up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;
- the Company to make market purchases of up to 14.99% of the Company's ordinary share capital (excluding treasury shares);
- the Company to hold general meetings other than an Annual General Meeting on not less than 14 clear days' notice;
- the Company, subject to the approval of the High Court of Justice, to cancel the amount standing to the credit of the share premium account of the Company and that amount be credited to a reserve of the Company; and
- the Company, subject to the approval of the High Court of Justice, to cancel the amount standing to the credit of the capital redemption reserve of the Company and that amount be credited to a reserve of the Company.
The full text of all the resolutions can be found in the Notice of Meeting on pages 86 and 87 of the Annual Report for the year ending 31 January 2026, copies of which are available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The proxy votes received in relation to each resolution were as follows:
|
Resolutions |
Votes for (including at Chairman's discretion) |
% |
Votes against |
% |
Total votes cast (excluding votes withheld) |
Total Votes Cast (excluding votes withheld) as a percentage of total voting rights |
Votes withheld |
|
1. Annual Report and audited financial statements |
41,022,158 |
99.92 |
34,891 |
0.08 |
41,057,049 |
35.79% |
27,892 |
|
2. Approve the Directors' Remuneration Report |
40,786,698 |
99.54 |
189,205 |
0.46 |
40,975,903 |
35.72% |
109,038 |
|
3. Approve the Directors' Remuneration Policy |
40,765,987 |
99.62 |
155,774 |
0.38 |
40,921,761 |
35.67% |
138,180 |
|
4. To elect John Adebiyi as a Director |
40,883,696 |
99.75 |
102,614 |
0.25 |
40,986,310 |
35.73% |
98,631 |
|
5. To re-elect Bulbul Barrett as a Director |
40,850,248 |
99.66 |
137,773 |
0.34 |
40,988,021 |
35.73% |
96,920 |
|
6. To re-elect Patrick Edwardson as a Director |
40,917,452 |
99.83 |
70,493 |
0.17 |
40,987,945 |
35.73% |
96,996 |
|
7. To re-elect Karyn Lamont as a Director |
40,896,463 |
99.76 |
97,094 |
0.24 |
40,993,557 |
35.74% |
91,384 |
|
8. To re-elect Susannah Nicklin as a Director |
40,909,488 |
99.73 |
109,145 |
0.27 |
41,018,633 |
35.76% |
66,308 |
|
9. To re-appoint PricewaterhouseCoopers LLP as statutory auditors |
40,810,080 |
99.58 |
172,322 |
0.42 |
40,982,402 |
35.73% |
102,539 |
|
10. Authorise the Audit Committee to determine the statutory auditor's remuneration |
40,963,166 |
99.92 |
31,835 |
0.08 |
40,995,001 |
35.74% |
89,940 |
|
11. Approve the Company's dividend policy |
41,014,831 |
100.00 |
1,960 |
0.00 |
41,016,791 |
35.76% |
68,150 |
|
12. Authority to allot relevant securities |
40,981,969 |
99.86 |
55,409 |
0.14 |
41,037,378 |
35.77% |
47,563 |
|
13. *Authority to disapply pre-emption rights |
40,910,689 |
99.74 |
107,593 |
0.26 |
41,018,282 |
35.76% |
66,659 |
|
14. *Authority to repurchase ordinary shares |
40,938,842 |
99.72 |
116,433 |
0.28 |
41,055,275 |
35.79% |
29,666 |
|
15. *14 days' notice for a General Meeting |
40,935,681 |
99.74 |
104,668 |
0.26 |
41,040,349 |
35.78% |
44,592 |
|
16. *Cancellation of share premium account |
40,969,822 |
99.95 |
21,431 |
0.05 |
40,991,253 |
35.73% |
93,688 |
|
17. *Capital redemption reserve |
40,944,746 |
99.89 |
46,507 |
0.11 |
40,991,253 |
35.73% |
93,688 |
* special resolution
The number of ordinary shares in issue at the date of this announcement is 126,923,569, of which 12,239,752 shares are held in treasury. As at the date of this announcement the Company's total voting rights therefore comprises 114,683,817 shares with one vote each.
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.
As announced on 9 February 2026, Charles Park, who has served on the Board for 9 years, retired with effect from the conclusion of the Annual General Meeting. Patrick Edwardson succeeded Charles Park as Chairman of the Board and Chairman of the Board's Nominations and Management Engagement Committees.
The Company is pleased to announce that Susannah Nicklin succeeds Patrick Edwardson as the Senior Independent Director with immediate effect.
For further information, please call:
|
Janus Henderson Secretarial Services UK Limited Corporate Secretary to The North American Income Trust plc 020 7818 1818 |
|
Harriet Hall PR Director, Investment Trusts Janus Henderson Investors Telephone: 020 7818 2919 |
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