REG - CQS Natural Res - Result of General Meeting

CQS Natural Resources Growth and IncomeAnnouncement

25/06/2025 16:30

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RNS Number : 4283O  CQS Natural Resources Grwth&Inc PLC  25 June 2025

25 June 2025

 

CQS Natural Resources Growth and Income PLC

(the "Company")

Result of General Meeting

The Board is pleased to announce that, at the General Meeting of the Company
held on Wednesday, 25 June 2025, all Resolutions detailed below were duly
passed by shareholders on a poll.

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

 

"I am pleased that shareholders have voted in favour of the resolutions put to
the General Meeting held today and are thereby in support of the Board's
proposals for the Company's future.

 

As a Board of Directors, we believe that the value enhancing initiatives, as
set out in the Circular to shareholders dated 28 May 2025, and with the
support of its investment manager, put the Company in a strong position for
future growth. The Board is also pleased to be able to offer shareholders a
free choice between remaining invested in the Company and/or exiting for cash
through the Tender Offer.

 

We were also pleased to receive support of proxy advisor agencies, ISS and
PIRC, who recommended that shareholders vote in favour of both resolutions."

 

 

 Resolutions                                                                     Votes                        Votes Against             Total Votes Cast                      Votes

                                                                                 For                                                                                          Withheld
                                                                                 Number      % of votes cast  Number   % of votes cast  Number      % of total voting rights  Number
 1#. THAT, the Company be authorised to make market purchases of its Shares      25,077,530  99.34%           167,424  0.66%            25,244,954  39.35%                    13,889
 pursuant to the Tender Offer to all Eligible Shareholders in the Company
 (subject to the conditions set out in the Circular).

 2. THAT, subject to the passing of Resolution 1 above and completion of the     25,051,157  99.31%           173,049  0.69%            25,224,206  39.32%                    34,637
 Tender Offer, the Company move from proposing a continuation vote at every
 annual general meeting of the Company to proposing a continuation vote at its
 annual general meeting every two years, with the next continuation vote to be
 proposed at the annual general meeting of the Company in 2028 in respect of
 the financial year ending 30 June 2028.

 

Notes:

 

# - Special Resolution

 

Any proxy votes which are at the discretion of the Chair have been included in
the "Votes For" total. Please note a vote "Withheld" is not a vote in law and
is not counted in the calculation of the proportion of votes "For" and
"Against" a resolution.

 

As at the date of the General Meeting, the total number of voting rights in
the Company was 64,157,838.

 

The full text of the Resolutions can be found in the Notice of General Meeting
contained within the Circular. The Circular is available for viewing at the
National Storage Mechanism and can be located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) , on the Company's
website (https://ncim.co.uk/cqs-natural-resources-growth-and-income-plc/
(https://ncim.co.uk/cqs-natural-resources-growth-and-income-plc/) ) and
microsite (https://cynprotectyourinvestment.com/
(https://cynprotectyourinvestment.com/) ).

 

In accordance with UK Listing Rule 6.4.2 and UK Listing Rule 6.4.3, the full
text of the resolutions passed has been submitted to the National Storage
Mechanism and will shortly be available for inspection
at  https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) . The resolutions
will additionally be filed at Companies House.

 

For further information, please contact:

 

 CQS Natural Resources Growth and Income PLC    cnr@tavistock.co.uk (mailto:cnr@tavistock.co.uk)

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

 Robert Peel, Hamish Kennett, Andrew Worne
 Frostrow Capital LLP, Company Secretary        +44 203 709 2408

 Tasmin Arthurton                               cosec@frostrow.com (mailto:cosec@frostrow.com)
 Tavistock, Public Relations                    +44 20 7920 3150

 Jos Simson, Gareth Tredway, Tara Vivian-Neal   cnr@tavistock.co.uk (mailto:cnr@tavistock.co.uk)

 

Capitalised terms not otherwise defined in this announcement have the meaning
given to them in the Circular published by the Company on 28 May 2025.

 

This announcement is released by the Company and the information contained
within this announcement is deemed by the Company to constitute inside
information for the purposes of Article 7 of the UK version of the EU Market
Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement via a Regulatory Information Service, such
information is now considered to be in the public domain. The person
responsible for arranging for the release of this announcement on behalf of
the Company is Frostrow Capital LLP, the Company Secretary.

 

Saba Capital Management, L.P.'s latest publicly disclosed holding (as at 2
January 2025) was 18.6 million Shares, representing 29.07% of the Company's
total voting rights.

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