Result of AGM

Source: RNS
RNS Number : 0952Y
CT UK High Income Trust PLC
26 July 2024
 

To:                   RNS

From:              CT UK High Income Trust PLC

Date:               26 July 2024

LEI:                  213800B7D5D7RVZZPV45

 

Information disclosed in accordance with LR 9.6.18

 

Subject: Result of Annual General Meeting

 

CT UK High Income Trust PLC (the 'Company') announces that, at the Annual General Meeting held on 26 July 2024, a poll was held on each of the 13 resolutions proposed and all were duly passed, including those detailed below:

 

·    An ordinary resolution renewing the Directors' authority to allot new Ordinary shares of 0.1 pence each up to an aggregate nominal amount of £4,166 and new B shares of 0.1 pence each up to an aggregate nominal amount of £1,535 being approximately 5% of the Company's total issued Ordinary shares and approximately 5% of the Company's total issued B shares respectively (excluding shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on 30 September 2025, whichever is earlier, unless previously revoked, varied or extended by the Company in general meeting.

 

·    A special resolution renewing the Directors' authority to allot new Ordinary shares of 0.1 pence each up to an aggregate nominal amount of £4,166 and new B shares of 0.1 pence each up to an aggregate nominal amount of £1,535 being 4.1% of the Company's total issued Ordinary shares and 4.8% of the Company's total issued B shares respectively (including shares held in treasury) for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on 30 September 2025, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.

 

·    A special resolution renewing the Directors' authority to make market purchases of up to 12,490,000 Ordinary shares and 4,603,200 B shares being approximately 14.99% of the issued Ordinary shares and 14.99% of the issued B shares (excluding Ordinary shares and B shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting or on 30 September 2025, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

 

·    A special resolution renewing the Directors' authority to sell shares from treasury without having first to make a pro rata offer to existing shareholders limited up to an aggregate nominal amount of £8,332 in respect of Ordinary shares and £3,070 in respect of B shares, representing approximately 8.2% of the Company's Ordinary share capital in issue and approximately 9.6% of the Company's B share capital in issue (including treasury shares).  This authority shall expire at the conclusion of the next Annual General Meeting of the Company or on 30 September 2025, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

 

 

The results of the poll were as follows:

 



For and Discretionary

Against

Withheld

Total Votes (excluding Votes Withheld)

 

Resolution

No of Votes

% of Votes Cast

No of Votes

% of Votes Cast

   No of     

   Votes

 

1

Receive and adopt the Annual Report & Financial Statements for the year to 31 March 2024

25,817,678

99.39%

159,607

0.61%

61,744

25,977,285

2

Approve Directors' Remuneration Report for the year to 31 March 2024

25,036,176

97.52%

636,825

2.48%

366,028

25,673,001

3

To re-elect H M Galbraith as a Director

25,333,928

98.23%

456,423

1.77%

248,678

25,790,351

4

To re-elect S J Mitchell as a Director

25,279,570

98.09%

491,136

1.91%

268,323

25,770,706

5

To re-elect A W Pottinger as a Director

25,312,329

98.32%

431,249

1.68%

295,451

25,743,578

6

To re-elect A K Watkins as a Director

25,313,337

98.23%

457,369

1.77%

268,323

25,770,706

7

To re-appoint Deloitte LLP as Auditor

25,333,268

97.99%

520,947

2.01%

184,814

25,854,215

8

That the Directors be authorised to determine the remuneration of the Auditor

25,619,713

99.13%

225,038

0.87%

194,278

25,844,751

9

Approval of the Company's dividend/capital repayment policy

25,748,967

99.33%

173,031

0.67%

117,031

25,921,998

10

Authorise the Directors to allot shares

25,550,415

99.22%

201,459

0.78%

287,155

25,751,874

11

Authority to allot shares without pre-emption rights

25,048,032

97.46%

653,461

2.54%

337,536

25,701,493

12

Authority to purchase own shares

24,358,589

94.41%

1,441,203

5.59%

239,237

25,799,792

13

Authority to sell treasury shares without pre-emption rights

25,067,417

97.74%

579,313

2.26%

392,299

25,646,730

The full text of all the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Financial Statements of CT UK High Income Trust PLC for the year ended 31 March 2024, which was submitted to the National Storage Mechanism on 7 June 2024 and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website www.ctukhighincome.co.uk  At the time of the meeting the Company's issued share capital consists of 83,322,653 Ordinary shares carrying one vote each and 30,708,750 B shares carrying one vote each.  The Company holds 18,744,491 Ordinary shares and 1,367,953 B shares in treasury which do not carry voting rights. Therefore, the total voting rights in the Company were 114,031,403 votes.

For further information please contact:

Columbia Threadneedle Investment Business Limited                  0131 573 8300

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