REG-Ashoka WhiteOak Emerging Markets Trust Plc: Result of AGM

Ashoka WhiteOak Emerging Markets TrustAnnouncement

22/07/2025 15:30

22 July 2025

 

ASHOKA WHITEOAK EMERGING MARKETS TRUST PLC (the "Company")

 

Result of 2025 Annual General Meeting (the "AGM")

 

Ashoka WhiteOak Emerging Markets Trust plc announces that at the Company's
2025 AGM held today, all resolutions were passed by way of a poll and the
results of the poll are set out below.

Resolutions 1 to 8 (inclusive) were proposed as ordinary resolutions and
resolutions 9 to 11 (inclusive) were proposed as special resolutions.

 

 Resolution                                                                                                                  Votes For   %      Votes Against  %     Total votes validly cast  Total votes cast as % of issued share capital  Vote Withheld *  
 1       Receive and adopt the Annual Report and Financial Statements for the period ended 31 March 2025                     12,106,975  99.98  0              0.00  12,106,975                33.47%                                         14,000           
 2       Approve Directors' Remuneration Report                                                                              12,102,775  99.94  4,200          0.03  12,106,975                33.47%                                         14,000           
 3       Appointment of external auditor                                                                                     12,076,957  99.73  30,018         0.25  12,106,975                33.47%                                         14,000           
 4       Authorise the Directors to determine the auditor's remuneration                                                     12,103,042  99.95  3,933          0.03  12,106,975                33.47%                                         14,000           
 5       Re-elect Martin Shenfield as a Director                                                                             12,106,975  99.98  0              0.00  12,106,975                33.47%                                         14,000           
 6       Re-elect Howard Pearce as a Director                                                                                12,103,953  99.95  3,022          0.02  12,106,975                33.47%                                         14,000           
 7       Re-elect Tanit Curry as a Director                                                                                  12,106,975  99.98  0              0.00  12,106,975                33.47%                                         14,000           
 8       To authorise the allotment of Ordinary shares                                                                       12,102,775  99.98  0              0.00  12,102,775                33.46%                                         18,200           
 9       To authorise the disapplication of statutory pre-emption rights                                                     12,097,565  99.94  5,210          0.04  12,102,775                33.46%                                         18,200           
 10      To authorise the Company to make market purchases of its own Ordinary shares                                        12,102,775  99.94  4,200          0.03  12,106,975                33.47%                                         14,000           
 11      That a general meeting (other than an Annual General Meeting) may be called on not less than 14 clear days' notice  12,070,520  99.68  36,455         0.30  12,106,975                33.47%                                         14,000           

* A vote withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.

 

For further information, please contact:

 Company Secretary AWEMT.Cosec@jtcgroup.com                                       +44 20 7409 0181                                                
 Ashoka WhiteOak Capital Pte. Ltd Prashant Khemka Fadrique Balmaseda Ben Hayward  Via Burson Buchanan                                             
 Marex Mark Thompson Eddie Nissen Priyan Rayatt                                   +44 (0) 20 7016 6711 +44 (0) 20 7016 6713 +44 (0) 20 7016 6724  
 Burson Buchanan                                                                                                                                  
 Henry Harrison-Topham Henry Wilson                                               +44 (0) 20 7466 5000 AWEM@buchanancomms.co.uk                   

 

LEI: 254900Z4X5Y7NTODRI75

 

Notes:

Every shareholder has one vote for every Ordinary Share held. As at 6.00 p.m.
(UK time) on 18 July 2025, the share capital of the Company consisted of
36,174,329 Ordinary Shares with voting rights. The Company does not hold any
shares in Treasury.

In accordance with UKLR 6.4.2 copies of all the resolutions passed, other than
ordinary business, will be submitted to the National Storage Mechanism and
will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

About Ashoka WhiteOak Emerging Markets Trust plc

Ashoka WhiteOak Emerging Markets Trust plc (AWEMT) is a UK investment trust
seeking to achieve long-term capital appreciation primarily through investing
in a multi-cap portfolio of equities that provide exposure to global emerging
markets. Advised by Ashoka WhiteOak Capital Pte. Ltd. (Singapore), founded by
Prashant Khemka with leading Emerging Markets investment experience.  White
Oak Capital Group has delivered an exceptional track record for its other
strategies, and has £5.3 billion in assets under management or advisory1.
Analytical approach integral to disciplined research process underpinned by
proprietary frameworks OpcoFinco™ for valuation and ABLEx™ for ESG
research.  The team at WhiteOak believes that emerging markets present
potential for higher alpha. EM markets remain under-researched and
inefficient. AWEM leverages WhiteOak's investment approach to capture the
higher alpha potential in these markets.  No fixed management fee. Manager
remuneration is aligned with alpha generation and hence shareholders'
interest.  The Investment Manager is remunerated solely as a function of
outperformance over the benchmark.

1 Data as at 30 June 2025. AUM data refers to aggregate assets under
management or investment advisory for WhiteOak Group.

 



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