REG-BlackRock Energy and Resources Income Trust Plc: Result of AGM

Blackrock Energy and Resources Income TrustAnnouncement

20/03/2025 15:30

BlackRock Energy and Resources Income Trust plc (LEI: 54930040ALEAVPMMDC31)

Results of AGM

Following the Annual General Meeting which was held today, we are pleased to
announce that all resolutions put to shareholders were passed on a vote on
poll, including ordinary resolution 10, and special resolutions 11, 12, 13
under special business of the Company:

(Resolution 10) To grant the Directors’ authority to allot shares.

(Resolution 11) To authorise the Directors to disapply pre-emption rights in
respect of resolution 10.

(Resolution 12) To authorise the Directors to purchase the Company’s
ordinary shares for cancellation or to be held in treasury.

(Resolution 13) To authorise the Directors to convene General Meetings (other
than AGMs) on not less than 14 days’ notice.

A copy of the resolutions has been submitted to the National Storage
Mechanism, and will shortly be made available for inspection at: 

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Proxy votes received in favour of the resolutions were as follows:
 

                 Votes for & Discretionary  (%)    Votes       (%)    Withheld  
                                                    against                     
 Resolution 1:   25,337,983                 99.91  22,330      0.09   52,542    
 Resolution 2:   14,627,535                 57.92  10,628,636  42.08  156,684   
 Resolution 3:   25,340,111                 99.80  51,139      0.20   21,605    
 Resolution 4:   24,993,104                 98.86  288,092     1.14   131,659   
 Resolution 5:   25,006,253                 99.02  248,626     0.98   157,976   
 Resolution 6:   24,979,268                 98.85  290,153     1.15   143,434   
 Resolution 7:   25,001,019                 98.89  280,017     1.11   131,819   
 Resolution 8:   24,934,338                 98.67  336,495     1.33   142,022   
 Resolution 9:   25,160,418                 99.60  101,921     0.40   150,516   
 Resolution 10:  25,041,412                 98.69  331,741     1.31   39,702    
 Resolution 11:  24,590,373                 97.03  752,161     2.97   70,321    
 Resolution 12:  23,319,911                 91.80  2,082,243   8.20   10,701    
 Resolution 13:  25,019,947                 98.65  342,275     1.35   50,633    

 

The Board notes the strong support from shareholders for all except one of the
resolutions but acknowledges the material votes against resolution 2 (to
approve the Directors’ Remuneration Report for the year ended 30 November
2024), which the Board believes were substantially cast by a single
shareholder.  The Board takes the views of all of its shareholders seriously
and intends to engage with the shareholder in question to understand better
their concerns with a view to identifying how such concerns may be addressed.
The Board will provide an update on the results of this engagement and actions
taken in due course.

 

 

 

20 March 2025

 

Enquiries:
Graham Venables 
BlackRock Investment Management (UK) Limited, Secretary
Telephone: 0203 649 3432

 Release (https://mb.cision.com/Main/22395/4122000/3333545.pdf)  



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