REG - Henderson Opport Tst - Result of Meeting

Henderson Opportunities TrustAnnouncement

21/02/2025 15:15

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RNS Number : 0818Y  Henderson Opportunities Trust PLC  21 February 2025

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

 

HENDERSON OPPORTUNITIES TRUST PLC

 

LEGAL ENTITY INDENTIFIER (LEI):  2138005D884NPGHFQS77

 

21 February 2025

 

HENDERSON OPPORTUNITIES TRUST PLC

 

Results of First Scheme General Meeting and Scheme Elections

 

Results of First Scheme General Meeting

 

In connection with the proposals for the winding-up of the Company by way of a
scheme of reconstruction pursuant to Section 110 of the Insolvency Act 1986
(the "Scheme") and the issue of OEIC Shares to those Shareholders who have
elected, or are deemed to have elected, to roll over their investment into
Janus Henderson UK Equity Income & Growth Fund, the Board is pleased to
announce that the Resolutions which were put forward at the First Scheme
General Meeting held today and voted on a poll have been approved by
Shareholders.

 

The poll results were as follows:

 

 Resolution                                                                   Votes for  %      Votes against  %     Total votes cast  % Issued Share Capital  Votes withheld
 1. To reclassify the Ordinary Shares and amend the Articles.                 7,740,720  99.61  29,920         0.39  7,770,640         19.42                   22,120
 2. To approve the Scheme, to further amend the Articles and to instruct the  7,713,740  99.61  29,920         0.39  7,743,660         19.36                   49,100
 Liquidators to give effect to the Scheme.

 

These results will also be published on the Company's website
www.hendersonopportunitiestrust.com
(http://www.hendersonopportunitiestrust.com) .

 

For the purposes of section 341 of the Companies Act 2006, the votes validly
cast are expressed in the table above as a percentage of the Company's total
voting rights as at close of business on 19 February 2025 (39,491,875), being
the time at which a Shareholder had to be registered in the Register of
Members in order to vote at the First Scheme General Meeting.  A vote
"withheld" is not a vote in law and has not been counted as a vote "for" or
"against" a Resolution.

 

The number of Ordinary Shares in issue at the date of this announcement is
40,004,290. There are 502,415 shares held in treasury. Therefore, as at the
date of this announcement the number of voting rights in the Company are
39,491,875.

 

The full text of the Resolutions can be found in the notice of First Scheme
General Meeting contained in the Company's circular to Shareholders dated 3
February 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.hendersonopportunitiestrust.com
(http://www.hendersonopportunitiestrust.com) .

 

Result of Scheme Elections

 

The Board also announces the following Elections in connection with the
Scheme:

 

·    Rollover Options:17,083,005 Ordinary Shares / 43.3 per cent. of
issued share capital with voting rights

·    Cash Option: 22,408,870 Ordinary Shares / 56.7 per cent. of issued
share capital with voting rights

 

In accordance with the Scheme, Shareholders (other than Restricted
Shareholders) that made no Election (or no valid Election) will be deemed to
have elected for the relevant class of OEIC Shares.

 

The Shares will be reclassified as follows:

 

·    16,692,545 Shares with "A" rights, being the right to receive I Class
OEIC Shares; and

·    390,460 Shares with "B" rights, being the right to receive E Class
OEIC Shares; and

·    22,408,870 Shares with "C" rights, being the right to receive cash.

 

Applications have been made to the FCA and to the London Stock Exchange for
the Ordinary Shares to be reclassified for listing purposes with effect from
8.00 a.m. on 12 March 2025. The listing of, and dealings in, the Company's
Reclassified Shares are subsequently expected to be suspended at 7.00 a.m. on
14 March 2025.

 

The cancellation of the listing of the Reclassified Shares is expected to
occur as soon as practicable after the Effective Date.

 

Defined terms used in this announcement have the meanings given in the
Circular.

 

   For further information please contact:

 

 Henderson Opportunities Trust plc                via the Corporate Secretary
 Wendy Colquhoun (Chairman)

 J.P. Morgan Cazenove (Financial Adviser)         +44 (0)20 3493 8000
 William Simmonds / Rupert Budge

 Janus Henderson (Investment Manager)             +44 (0)20 7818 1818
 Dan Howe, Head of Investment Trusts

 Janus Henderson Secretarial Services UK Limited   +44 (0)20 7818 1818

 Corporate Secretary to the Company

 

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