REG - CQS Natural Res - Glass Lewis Voting Recommendation

CQS Natural Resources Growth and IncomeAnnouncement

21/01/2025 12:00

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RNS Number : 1527U  CQS Natural Resources Grwth&Inc PLC  21 January 2025

CQS Natural Resources Growth and Income PLC

LEI: 549300ES8CNIK2CQR054

21 January 2025

 

Proxy adviser recommends shareholders vote AGAINST Saba's Requisitioned
Resolutions

The Board of CQS Natural Resources Growth and Income PLC (the
"Company") notes the publication of a voting recommendation from independent
proxy adviser, Glass Lewis, in relation to the Company's forthcoming general
meeting to be held at 11 a.m. on 4 February 2025 (the "General Meeting").

Glass Lewis recommends that shareholders in the Company vote AGAINST the
resolutions proposed by Saba Capital Management, L.P. ("Saba") for
consideration at the General Meeting to remove the current Directors and to
appoint Saba nominees in their place (the "Requisitioned Resolutions").

This is in line with the unanimous recommendation of the Company's Board,
which continues to urge shareholders to VOTE AGAINST the proposed
Requisitioned Resolutions for the reasons set out in the Circular posted to
shareholders on 7 January 2025, and available on the Company's website at
https://cynprotectyourinvestment.com/ (https://cynprotectyourinvestment.com/)
.

 

Christopher Casey, Chair of CQS Natural Resources Growth and Income PLC,
commented:

"The Board welcomes the recommendation from Glass Lewis for shareholders to
vote against the resolutions proposed by Saba at the upcoming General Meeting.
Such proxy adviser recommendation underscores our view that Saba's proposals
are without merit, introduce new and significant risk to your investment and
are not in the best interests of ALL shareholders.

It is vital that shareholders vote at the General Meeting on 4 February and
vote AGAINST Saba's Requisitioned Resolutions."

 

General Meeting and How to Vote

The General Meeting to vote on the Requisitioned Resolutions will be held on 4
February 2025 at 11 a.m. at the offices of Dentons UK and Middle East LLP at
One Fleet Place, London, EC4M 7RA.

To be valid, proxy appointments must be completed in accordance with the
instructions accompanying it and transmitted so received by the Registrar as
soon as possible and, in any event, by no later than 11 a.m. on 31 January
2025.

Investors who hold their shares through an investment platform provider or
nominee are encouraged to contact their investment platform provider or
nominee as soon as possible to arrange for VOTES AGAINST each of the
Requisitioned Resolutions to be lodged on their behalf. Please note: customers
of online share ownership platforms may have voting deadlines as early as 23
January.

Further information on how to vote through platforms can be found at the
following link: https://www.theaic.co.uk/how-to-vote-your-shares
(https://www.theaic.co.uk/how-to-vote-your-shares) .

 

 

For further information, please contact:

 CQS Natural Resources Growth and Income PLC     cnr@tavistock.co.uk

 Christopher Casey, Chairman                     (c/o Tavistock Communications)
 Cavendish, Corporate Broker                     +44 20 7908 6000

 Robert Peel, Andrew Worne, Tunga Chigovanyika
 Frostrow Capital LLP, Company Secretary         +44 20 3008 4613

 Eleanor Cranmer                                 cosec@frostrow.com
 Tavistock, Public Relations                     +44 20 7920 3150

 Jos Simson, Gareth Tredway, Tara Vivian-Neal    cnr@tavistock.co.uk

 

 

 

 

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