REG - European Smaller Co. - Result of Meeting

European Smaller Companies TrustAnnouncement

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RNS Number : 7437H  European Smaller Companies Tst PLC  07 May 2025

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE EUROPEAN SMALLER COMPANIES TRUST PLC

Legal Entity Identifier:  213800N1B1HCQG2W4V90

7 May 2025

 

THE EUROPEAN SMALLER COMPANIES TRUST PLC

(the "Company")

 

Results of General Meeting

 

The Board of The European Smaller Companies Trust PLC is pleased to announce
that the resolution put forward at the General Meeting held earlier today was
passed on a poll.

 

James Williams, Chairman of The European Smaller Companies Trust PLC said:

"The Board is pleased that shareholders have supported its proposed tender
offer. This is the best course of action to protect the interests of those
shareholders that wish to remain invested in the Company. It will allow the
Board and the investment manager to continue to focus on delivering value for
shareholders through its proven investment strategy of disciplined, long-term
investment in European smaller companies."

 

 

Results of the General Meeting

The resolution was voted on by way of a poll and the results are shown in the
table below:

 

 Resolution                                                                   Votes For*                       Votes Against                  Total Votes Cast                        Votes Withheld
                                                                              Number        % of Shares voted  Number      % of Shares voted  Number        % of total voting rights  Number
 1. To authorise the directors to make market purchases of the Company's own
 ordinary shares of 1.5625p each pursuant to the tender offer

                                                                              223,387,726   99.21              1,777,584   0.79               225,165,310   57.18%                    187,185

* Includes discretionary votes.

 

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 resolution 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" the resolution.

 

The Company had 394,632,326 ordinary shares of 1.5625 pence each in issue at
the voting record time for the General Meeting. The Company holds 817,028
shares in treasury.  Therefore, the total voting rights in the Company for
the purpose of the General Meeting comprised 393,815,298 votes.

 

The results of the poll votes will shortly be available via the Company's
website at www.europeansmallercompaniestrust.com
(https://www.janushenderson.com/en-gb/uk-investment-trusts/trust/the-european-smaller-companies-trust-plc/)
.

 

The full text of the resolution is contained in the Notice of General Meeting
set out in the circular published by the Company on 15 April 2025 (the
"Circular"). The Circular is available for viewing on the National Storage
Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and on the Company's
website.

 

 

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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