Result of Meeting
Summary by AI BETAClose X
JANUS HENDERSON FUND MANAGEMENT UK LIMITED
THE EUROPEAN SMALLER COMPANIES TRUST PLC
Legal Entity Identifier: 213800N1B1HCQG2W4V90
3 October 2025
The European Smaller Companies Trust PLC
('ESCT' or the 'Company')
Result of General Meeting
In connection with the proposals for a combination of the assets of European Assets Trust PLC with the Company by means of a scheme of reconstruction, the Board is pleased to announce that all resolutions put to shareholders were passed by way of a poll at the General Meeting held today.
Resolutions 1 and 2 were proposed as ordinary resolutions and Resolution 3 as a special resolution.
Details of the number of poll votes cast for, against and withheld in respect of the resolutions are set out below and will also be published on the Company's website: www.europeansmallercompaniestrust.com.
|
Resolution |
Votes For (including discretionary) |
% |
Votes Against |
% |
Votes Total |
% of total voting rights |
Votes Withheld |
|
1. Authority to allot ordinary shares up to an aggregate nominal amount of £3,125,000
|
64,019,089 |
98.56 |
935,804 |
1.44 |
64,954,893 |
28.55% |
427,572 |
|
2. That the maximum aggregate fees payable to the Directors be increased from £250,000 to £500,000 per annum
|
60,420,485 |
94.04 |
3,829,404 |
5.96 |
64,249,889 |
28.24% |
1,132,576 |
|
3. That the Company be authorised to cancel the amount standing to the credit of the share premium account
|
63,703,246 |
98.72 |
825,955 |
1.28 |
64,529,201 |
28.36% |
853,264 |
On a poll, shareholders are entitled to one vote per share. Where shareholders appointed the Chairman of the General Meeting as their proxy with discretion as to voting, their votes were cast for the resolutions and their shares have been included in the "Votes For" column. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" or "against" a resolution.
The Company had 279,246,204 ordinary shares of 1.5625 pence each in issue at the voting record time for the General Meeting. The Company holds 51,733,676 shares in treasury. Therefore, the total voting rights in the Company for the purpose of the General Meeting comprised 227,512,528 votes.
The full text of the resolutions can be found in the notice of General Meeting contained in the Company's circular to Shareholders dated 9 September 2025 (the "Circular"). The Circular is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at www.europeansmallercompaniestrust.com.
In accordance with UK Listing Rule 6.4.2R a copy of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Defined terms used in this announcement have the meanings given in the Circular unless the context otherwise requires.
Enquiries:
Janus Henderson Secretarial Services UK Limited
Corporate Secretary to The European Smaller Companies Trust PLC
+44 (0)20 7818 1818
Winterflood Securities Limited
Neil Langford / Rose Ramsden / Sophia Bechev (Corporate Finance)
Darren Willis / Innes Urquhart (Corporate Sales)
+44 (0)20 3100 0000
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