REG - abrdn New Dawn IT - Results of GM and AGM

Abrdn New Dawn Investment TrustAnnouncement

23/10/2023 16:00

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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 Meeting Special Resolutions                                       Votes For (including Discretionary)  %       Votes Against  %      Votes Total  Votes Withheld
 1. To approve the reclassification of the shares in the capital of the Company  72,069,029                           99.86%  100,185        0.14%  72,169,214   118,622
 as shares with "A" rights and shares with "B" rights and to approve changes
 required to the Company's articles of association.
 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 For (including Discretionary)  %       Votes Against  %      Votes Total  Votes Withheld
 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 (http://www.newdawn-trust.co.uk) and at the National
Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(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                         +44 (0) 20 7886 2500

 Ashwin Kohli

 Daphne Zhang

 

General

The content of the Company's web-pages and the content of any website or pages
which may be accessed through hyperlinks on the Company's web-pages, other
than the content of the document referred to above, is neither incorporated
into nor forms part of the above announcement.

 

 

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