TIDMABD
RNS Number : 0076R
abrdn New Dawn Invest Trust plc
23 October 2023
23 October 2023
abrdn New Dawn Investment Trust plc
Legal Entity Identifier: 5493002K00AHWEME3J36
Result of First General Meeting and Annual General Meeting
In connection with the proposals for a combination of abrdn New
Dawn Investment Trust plc ("ABD" or the "Company") with Asia Dragon
Trust plc ("Asia Dragon" or "DGN") by way of a scheme of
reconstruction of the Company under Section 110 of the Insolvency
Act 1986 (the "Scheme"), the Company is pleased to announce the
result of the First General Meeting and the Annual General Meeting
("AGM").
Result of First General Meeting
The Company announces the special resolutions, which were put
forward at the First General Meeting held today, have been approved
by Shareholders.
First General Votes For % Votes % Votes Votes
Meeting Special (including Against Total Withheld
Resolutions Discretionary)
1. To approve the
reclassification
of the shares in
the capital of
the Company as
shares with "A"
rights and shares
with "B" rights
and to approve
changes required
to the Company's
articles of association. 72,069,029 99.86% 100,185 0.14% 72,169,214 118,622
---------------- ------- --------- ------ ----------- ----------
2. To approve the
Scheme subject
to certain conditions
being satisfied. 72,068,137 99.86% 99,073 0.14% 72,167,210 120,626
---------------- ------- --------- ------ ----------- ----------
Result of AGM
The Company further announces that at the AGM held earlier
today, all resolutions were passed.
In relation to Resolutions 11 and 12 (authorities to allot
shares and to disapply pre-emption rights), the relevant figure was
10,440,634 Ordinary Shares, being the lower of 10% of the Ordinary
Shares in issue as at the date of the AGM Notice and as at the date
of passing of these two Resolutions at the AGM.
In relation to Resolution 13 (authority to make market purchases
of Ordinary Shares), the relevant figure was 15,650,511 Ordinary
Shares, being the lower of 14.99% of the Ordinary Shares in issue
at the date of the AGM Notice and as at the date of passing of the
Resolution at the AGM.
The total number of proxy votes lodged was as follows:
AGM Resolutions Votes % Votes % Votes Votes
For (including Against Total Withheld
Discretionary)
1. Annual Report
and Financial Statements 71,591,525 99.94% 39,607 0.06% 71,631,132 9,788
---------------- ------- ---------- ------ ----------- ----------
2. Directors' Remuneration
Report 71,431,262 99.78% 158,499 0.22% 71,589,761 51,159
---------------- ------- ---------- ------ ----------- ----------
3. Directors' Remuneration
Policy 71,412,023 99.74% 184,503 0.26% 71,596,526 44,393
---------------- ------- ---------- ------ ----------- ----------
4. Re-election of
Ms M Sears 69,208,085 96.65% 2,402,110 3.35% 71,610,195 30,725
---------------- ------- ---------- ------ ----------- ----------
5. Re-election of
Mr S Souchon 71,455,049 99.83% 122,897 0.17% 71,577,946 62,974
---------------- ------- ---------- ------ ----------- ----------
6. Re-election of
Mr D Workman 69,156,181 96.61% 2,427,933 3.39% 71,584,114 56,806
---------------- ------- ---------- ------ ----------- ----------
7. Re-election of
Mr H Young 68,837,702 96.13% 2,773,732 3.87% 71,611,434 29,486
---------------- ------- ---------- ------ ----------- ----------
8. Re-election of
Ms N Yuen 71,487,173 99.83% 122,352 0.17% 71,609,525 31,394
---------------- ------- ---------- ------ ----------- ----------
9. Reappointment
of auditor 71,404,112 99.80% 140,391 0.20% 71,544,503 96,417
---------------- ------- ---------- ------ ----------- ----------
10. Approval of
auditor's remuneration 71,479,535 99.89% 80,549 0.11% 71,560,084 80,836
---------------- ------- ---------- ------ ----------- ----------
11. Authority to
allot shares 71,517,801 99.88% 86,054 0.12% 71,603,855 37,064
---------------- ------- ---------- ------ ----------- ----------
12. Disapplication
of pre-emption rights 71,444,194 99.83% 119,676 0.17% 71,563,870 77,049
---------------- ------- ---------- ------ ----------- ----------
13. Share buybacks 71,416,503 99.75% 182,043 0.25% 71,598,546 42,373
---------------- ------- ---------- ------ ----------- ----------
The Ordinary Shares will be disabled for settlement in CREST
from 6:00 p.m. on 1 November 2023 and trading will be suspended
from 7.30 a.m. on 2 November 2023. Following the classification of
the Ordinary Shares on 7 November 2023, the Reclassified Shares
will be suspended from listing at 7.30 a.m. on 8 November 2023.
The full text of the special resolutions of the First General
Meeting and the resolutions of the AGM, are set out in the Notice
of First General Meeting and the Notice of AGM, respectively,
contained in the Company's circular to Shareholders dated 22
September 2023 (the "Circular").
The Circular is available for viewing on the Company's website,
www.newdawn-trust.co.uk and at the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information please contact:
abrdn New Dawn Investment Trust plc Contact via AFML
Donald Workman
abrdn Fund Managers Limited
Maria Allen +44 (0) 20 3680 0305
Stephanie Hocking +44 (0) 7514 064 988
Panmure Gordon (UK) Limited
Alex Collins
Ashwin Kohli
Daphne Zhang +44 (0) 20 7886 2500
General
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referred to above, is neither incorporated into nor forms part of
the above announcement.
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END
RAGEALEDASSDFFA
(END) Dow Jones Newswires
October 23, 2023 10:57 ET (14:57 GMT)
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