REG - European Smaller Co. - Result of Meeting

European Smaller Companies TrustAnnouncement

03/10/2025 13:15

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RNS Number : 0486C  European Smaller Companies Tst PLC  03 October 2025

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE EUROPEAN SMALLER COMPANIES TRUST PLC

Legal Entity Identifier: 213800N1B1HCQG2W4V90

3 October 2025

 

The European Smaller Companies Trust PLC

('ESCT' or the 'Company')

 

Result of General Meeting

 

In connection with the proposals for a combination of the assets of European
Assets Trust PLC with the Company by means of a scheme of reconstruction, the
Board is pleased to announce that all resolutions put to shareholders were
passed by way of a poll at the General Meeting held today.

 

Resolutions 1 and 2 were proposed as ordinary resolutions and Resolution 3 as
a special resolution.

 

Details of the number of poll votes cast for, against and withheld in respect
of the resolutions are set out below and will also be published on the
Company's website:   www.europeansmallercompaniestrust.com
(http://www.europeansmallercompaniestrust.com) .

 

 Resolution                                                                       Votes For (including discretionary)  %      Votes Against  %     Votes Total  % of total voting rights  Votes Withheld
                                                                                  64,019,089                           98.56  935,804        1.44  64,954,893   28.55%                    427,572

 1.   Authority to allot ordinary shares up to an aggregate nominal amount of
 £3,125,000

                                                                                  60,420,485                           94.04  3,829,404      5.96  64,249,889   28.24%                    1,132,576

 2.   That the maximum aggregate fees payable to the Directors be increased
 from £250,000 to £500,000 per annum

                                                                                  63,703,246                           98.72  825,955        1.28  64,529,201   28.36%                    853,264

 3.   That the Company be authorised to cancel the amount standing to the
 credit of the share premium account

 

 

On a poll, shareholders are entitled to one vote per share. Where shareholders
appointed the Chairman of the General Meeting as their proxy with discretion
as to voting, their votes were cast for the resolutions and their shares have
been included in the "Votes For" column. A vote withheld is not a vote in law
and is not counted in the calculation of the proportion of votes "for" or
"against" a resolution.

The Company had 279,246,204 ordinary shares of 1.5625 pence each in issue at
the voting record time for the General Meeting. The Company holds 51,733,676
shares in treasury.  Therefore, the total voting rights in the Company for
the purpose of the General Meeting comprised 227,512,528 votes.

The full text of the resolutions can be found in the notice of General Meeting
contained in the Company's circular to Shareholders dated 9 September 2025
(the "Circular"). The Circular is available for viewing at the National
Storage Mechanism which can be located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and on the Company's
website at www.europeansmallercompaniestrust.com
(http://www.europeansmallercompaniestrust.com) .

 

In accordance with UK Listing Rule 6.4.2R a copy of the resolutions will be
submitted to the National Storage Mechanism and will shortly be available for
viewing 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.

 

Enquiries:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary to The European Smaller Companies Trust PLC

 +44 (0)20 7818 1818

 

 

Winterflood Securities Limited

Neil Langford / Rose Ramsden / Sophia Bechev (Corporate Finance)

Darren Willis / Innes Urquhart (Corporate Sales)

+44 (0)20 3100 0000

 

 

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