16:00 Fri 29 Sep 2023
abrdn Japan IT - Result of First General Meeting & AGM
LEI: 5493007LN438OBLNLM64
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ABRDN
Results of First General Meeting and Annual General Meeting
Results of First General Meeting and Annual General Meeting
In connection with the proposals for the voluntary winding up of the Company and combination with Nippon Active Value Fund plc ("NAVF") by means of a scheme of reconstruction and winding up of the Company under section 110 of the Insolvency Act 1986 (the "Scheme"), the Board is pleased to announce that the special resolutions, which were put forward at the First General Meeting, and the ordinary and special resolutions put forward at the Annual General Meeting, both held today, have been approved by Shareholders. Please note that of the resolutions numbered 1 to 12 presented at the Annual General Meeting, numbers 11 and 12 were special resolutions.
As set out in the circular to shareholders dated
Details of the number of proxy 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: abrdnjapan.co.uk.
Resolutions Presented at the First General Meeting
|
|
|
For (inc Discretionary) |
Against |
Abstained |
Total |
|||
|
Resolution |
Votes |
% |
Votes |
% |
Votes |
% |
|
|
|
1 |
Reclassification of the shares in issue as shares with "A" rights or shares with "B" rights as the case may be in accordance with the terms of the Scheme and amendment of the Company's articles of association to give effect to the Scheme
|
6,182,834 |
99.96 |
2,226 |
0.04 |
2,622 |
0.04 |
6,185,060 |
|
2 |
Subject to the successful passing of resolution 1: the voluntary winding-up of the Company and the appointment of Liquidators, and amendment of the Articles of Association |
6,183,489
|
99.96 |
2,768 |
0.04 |
1,311 |
0.02 |
6,186,257 |
Resolutions Presented at the Annual General Meeting
|
|
|
For (inc Discretionary) |
Against |
Abstained |
Total |
|||
|
Resolution |
Votes |
% |
Votes |
% |
Votes |
% |
|
|
|
1 |
To receive and adopt the Directors' Report and Financial Statements and independent auditor's report thereon.
|
6,219,672 |
99.95% |
2,913 |
0.05% |
347 |
0.01 |
6,222,585 |
|
2 |
To receive and adopt the Directors' Remuneration Report
|
6,202,208 |
99.77% |
14,203 |
0.23% |
6,522 |
0.10 |
6,216,411 |
|
3 |
To approve the Remuneration Policy
|
6,196,053
|
99.77% |
14,078 |
0.23% |
12,802 |
0.21 |
6,210,131 |
|
4 |
To re-elect
|
6,215,747 |
99.92% |
5,115 |
0.08% |
2,070 |
0.03 |
6,220,862 |
|
5 |
To re-elect
|
6,212,073 |
99.87% |
8,380 |
0.13% |
2,479 |
0.04 |
6,220,453 |
|
6 |
To re-elect
|
6,208,579 |
99.80% |
12,224 |
0.20% |
2,129 |
0.03 |
6,220,803 |
|
7 |
To re-elect Sir
|
6,214,338 |
99.95% |
2,816 |
0.05% |
5,778 |
0.09 |
6,217,154 |
|
8 |
To appoint Johnston Carmichael LLP as independent auditor
|
6,210,381 |
100.00% |
198 |
0.00% |
12,353 |
0.20 |
6,210,579 |
|
9 |
To authorise the Directors to agree the remuneration of the independent auditor
|
6,221,639 |
100.00% |
198 |
0.00% |
1,095 |
0.02 |
6,221,837 |
|
10 |
To authorise the Directors of the Company to allot shares
|
6,117,172
|
98.33% |
103,916 |
1.67% |
1,844 |
0.03 |
6,221,088 |
|
11 |
To approve the disapplication of pre-emption rights
|
6,115,348 |
98.30% |
105,804 |
1.70% |
1,780 |
0.03 |
6,221,152 |
|
12 |
To authorise the Company to purchase own shares
|
6,218,168 |
99.97% |
1,731 |
0.03% |
3,033 |
0.05 |
6,219,899 |
The ordinary shares will be disabled for settlement in CREST from the close of business on
The full text of the special and ordinary resolutions can be found in the notice of First General Meeting contained in 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 abrdnjapan.co.uk/en-gb.
Pre-liquidation interim dividend
As announced on 1
Defined terms used in this announcement have the meanings given in the Circular unless the context otherwise requires.
Enquiries
|
abrdn |
|
|
|
Shore Capital
|
|
T: 020 7408 4090
|
abrdn Holly Kidd (Company Secretary) T: +44 131 372 2200
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