REG - Asia Dragon Trust - Results of First General Meeting

Asia Dragon TrustAnnouncement

04/02/2025 14:45

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RNS Number : 8887V  Asia Dragon Trust PLC  04 February 2025

4 February 2025

 

Asia Dragon Trust plc

 

Legal Entity Identifier: 549300W4KB0D75D1N730

 

Results of First General Meeting

 

In connection with the proposals for the voluntary winding-up of Asia Dragon
Trust plc ("Asia Dragon" or the "Company") and combination with Invesco Asia
Trust plc ("Invesco Asia" or "IAT") 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 results of the First General Meeting.

 

The Company announces the resolutions proposed at the First General Meeting
held today, have been approved by Shareholders. Details of the number of
votes cast for, against and withheld in respect of the resolutions, which were
both held on a poll, is set out below and will also be published on the
Company's website https://www.abrdn.com/en-gb/dgn
(https://www.abrdn.com/en-gb/dgn)

 

 RES.  VOTES FOR (INCLUDING DISCRETIONARY)  %      VOTES AGAINST  %     VOTES TOTAL  % ISC REPRESENTED BY TOTAL VOTES CAST((1))  VOTES WITHHELD((2))

 NO.
 1     105,941,744                          99.90  105,135        0.10  106,046,879  67.88                                       32,585
 2     105,961,726                          99.92  88,478         0.08  106,050,204  67.88                                       29,260

 

 

(1.     )The number of Ordinary Shares in issue as at the voting record
time of 6.00 p.m. (London time) on 31 January 2025 (the "Voting Record Time")
was 156,225,283. As at that date 56,282,064 Ordinary Shares were held in
treasury. Therefore, the total number of voting rights in the Company as at
the Voting Record Time was 156,225,283.

(2.     )A 'vote withheld' is not a vote in law and will not be counted
in the calculation of the proportion of the votes for and against a
resolution.

 

On 9 January 2025 the Board announced that, subject to the passing of the
Resolutions proposed at the First General Meeting, a pre-liquidation interim
dividend of 2.5 pence per Ordinary Share would be paid to Shareholders (on the
register as at close of business on 17 January 2025) on 5 February 2025. This
condition has been satisfied.

 

The Ordinary Shares will be disabled for settlement in CREST from 6:00 p.m. on
5 February 2025 and trading will be suspended from 7.30 a.m. on 6 February
2025. Following the reclassification of the Ordinary Shares on 12 February
2025, the Reclassified Shares will be suspended from listing at 7.30 a.m. on
13 February 2025.

 

The full text of the Resolutions are set out in the Notice of First General
Meeting, contained in the Company's circular to Shareholders dated 18 December
2024 (the "Circular"). The Circular is available for viewing on the Company's
website, https://www.abrdn.com/en-gb/dgn (https://www.abrdn.com/en-gb/dgn)
 and at the National Storage Mechanism
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Defined terms used in this announcement have the meanings given in the
Circular unless the context otherwise requires.

 

For further information:

 

 Asia Dragon Trust plc           Contact via Winterflood

 James Will

 Winterflood Securities Limited  +44 (0) 20 3100 0000

 Neil Langford

 Sophia Bechev

 

Important Information

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from
registration. No public offering of securities is being made in the United
States.

 

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