Result of AGM

abrdn European Logistics Income plc

01 June 2026

 

abrdn European Logistics Income plc (LSE: ASLI) (the "Company" or "ASLI")

LEI: 213800I9IYIKKNRT3G50

1 June 2026

Result of Annual General Meeting

At the Annual General Meeting of the Company held on 1 June 2026, Resolutions 1 to 8 and 11 were duly passed and Resolutions 9 and 10 were not passed with all voting having been conducted on a poll. 

The result of the poll is as follows:

RES NO.	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% ISC *	VOTES WITHHELD
1	194,314,905	99.89	219,052	0.11	194,533,957	47.20%	983,977
2	121,384,311	62.11	74,040,843	37.89	195,425,154	47.41%	92,780
3	195,346,062	99.95	107,491	0.05	195,453,553	47.42%	64,381
4	120,630,883	61.73	74,786,062	38.27	195,416,945	47.41%	100,989
5	120,639,792	61.73	74,777,153	38.27	195,416,945	47.41%	100,989
6	119,847,349	61.33	75,569,596	38.67	195,416,945	47.41%	100,989
7	195,161,862	99.88	240,010	0.12	195,401,872	47.41%	116,062
8	195,223,807	99.91	185,414	0.09	195,409,221	47.41%	108,713
9	121,698,572	62.34	73,519,838	37.66	195,218,410	47.36%	299,524
10	121,758,127	62.29	73,717,107	37.71	195,475,234	47.43%	42,700
11	195,260,864	99.91	173,962	0.09	195,434,826	47.42%	83,108

(1) Any proxy arrangement which gave discretion to the Chair has been included in the 'For' totals.

(2) 'Vote Withheld' is not a vote in law and is not counted in the total votes cast or the calculation of the percentage of votes 'For' or 'Against' each resolution.

(3) The total number of ordinary shares of £0.01 each in issue is 412,174,356. The total number of voting rights is 412,174,356.

The Board notes that while Resolution 2 (relating to the Directors' Remuneration Report) and Resolutions 4, 5 and 6 (each relating to the re-election of Directors) were all passed as ordinary resolutions, more than 20% of votes cast were against the Board's recommendation on each resolution. The votes against were almost entirely exercised by DL Invest Group ISR SARL ("DL Invest"), the Company's largest Shareholder. DL Invest recently requisitioned a meeting of the Company to put forward proposals for the replacement of the Company's existing investment manager with DL Invest and for the Company to change its stated investment policy of completing a managed wind-down of its assets and going into liquidation. Those proposals were comprehensively voted down by Shareholders at the requisitioned general meeting on 20 February 2026.

DL Invest also voted against Resolution 9 (relating to the authority to make market purchases of Ordinary Shares), and Resolution 10 (relating to the authority to call general meetings on not less than 14 clear days' notice). As special resolutions, Resolutions 9 and 10 required the support of at least 75% of votes cast and were therefore not passed.

The Board is disappointed with the votes cast against its recommendations on these Resolutions; and in accordance with the AIC Code of Governance Code, the Board will seek to understand the reasons for the votes cast against the Board's recommendations.

Shareholder Engagement and Next Steps

The Board remains focused on progressing the disposal of the Company's sole remaining asset and returning all remaining capital to Shareholders as efficiently as possible.

The Board and its advisers intend to engage with the Company's larger Shareholders over the coming days to discuss the outcome of the AGM, the completion of the Company's Shareholder-approved managed wind-down and the proposed next steps.

Subject to the outcome of this engagement process, the Board intends to progress the documentation and other steps required to place the Company into liquidation as soon as practicable.

Passing of Resolution under Special Business

The full text of Special Resolution 11 can be found in the Notice of Meeting set out in the Annual Report and Financial Statements for the year ended 31 December 2025, copies of which are available on the Company's website, eurologisticsincome.co.uk*. A copy of Special Resolution 11 will shortly be available for inspection at the National Storage Mechanism ("NSM"): https://data.fca.org.uk/#/nsm/nationalstoragemechanism *.

* Neither the Company's website nor the NSM website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

abrdn Holdings Limited

Company Secretary

 

END