REG - North American IT - Result of AGM
03/06/2025 15:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250603:nRSC2680La&default-theme=true
RNS Number : 2680L North American Income Trust (The) 03 June 2025
JANUS HENDERSON FUND MANAGMENT UK LIMITED
THE NORTH AMERICAN INCOME TRUST PLC
LEGAL ENTITY IDENTIFIER: 5493007GCUW7G2BKY360
3 June 2025
THE NORTH AMERICAN INCOME TRUST PLC
("The Company")
Annual General Meeting held on
Tuesday 3 June 2025
The North American Income Trust plc announces that at the Annual General
Meeting held earlier today all resolutions proposed were duly passed on a
poll, three of which were special resolutions authorising:
- the Directors to allot or to sell from treasury up to 10% of the
issued ordinary share capital without first offering them to existing
shareholders in accordance with statutory pre-emption procedures;
- the Company to make market purchases of up to 14.99% of the
Company's ordinary share capital (excluding treasury shares); and
- the Company to hold general meetings other than an Annual General
Meeting on not less than 14 clear days' notice.
The full text of all the resolutions can be found in the Notice of Meeting on
pages 82 and 83 of the Annual Report for the year ending 31 January 2025,
copies of which are available for viewing at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .
The proxy votes received in relation to each resolution were as follows:
Resolutions Votes for (including at Chairman's discretion) % Votes against % Total votes cast (excluding votes withheld) Total Votes Cast (excluding votes withheld) as a percentage of total voting Votes withheld
rights
1. Annual Report and audited financial statements 39,584,633 99.99 3,374 0.01 39,588,007 32.63 31,178
2. Approve the Directors' Remuneration Report 39,338,329 99.55 177,018 0.45 39,515,347 32.57 103,838
3. To elect Bulbul Barrett as a Director 39,420,846 99.81 76,503 0.19 39,497,349 32.56 121,836
4. To re-elect Charles Park as a Director 38,608,712 97.71 906,436 2.29 39,515,148 32.57 104,037
5. To re-elect Patrick Edwardson as a Director 38,604,878 97.70 910,270 2.30 39,515,148 32.57 104,037
6. To re-elect Karyn Lamont as a Director 38,579,088 97.63 936,060 2.37 39,515,148 32.57 104,037
7. To re-elect Susannah Nicklin as a Director 38,598,292 97.63 935,057 2.37 39,533,349 32.59 85,836
8. To re-appoint PricewaterhouseCoopers LLP as statutory auditors 39,432,887 99.82 71,274 0.18 39,504,161 32.56 115,024
9. Authorise the Audit Committee to determine the statutory auditor's 39,494,973 99.93 27,740 0.07 39,522,713 32.58 96,472
remuneration
10. Approve the Company's dividend policy 39,538,293 100.00 - 0.00 39,538,293 32.59 80,892
11. Authority to allot relevant securities 39,472,985 99.84 64,272 0.16 39,537,257 32.59 81,928
12. *Authority to disapply pre-emption rights 39,418,060 99.66 133,566 0.34 39,551,626 32.60 67,559
13. *Authority to repurchase ordinary shares 39,486,198 99.81 76,691 0.19 39,562,889 32.61 56,296
14. *14 days' notice for a General Meeting 39,459,800 99.72 111,577 0.28 39,571,377 32.62 47,808
* special resolution
The number of ordinary shares in issue at the date of this announcement is
126,923,569, of which 5,613,733 shares are held in treasury. As at the date of
this announcement the Company's total voting rights therefore comprises
121,309,836 shares with one vote each.
A copy of the special business resolutions will be submitted to the National
Storage Mechanism ("NSM") and will shortly be available for inspection on the
NSM's website at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .
Further to the announcement of 29 July 2024 appointing Winterflood Investment
Trusts to continue to act as buy-back agent to effect market purchases at its
absolute discretion and of on behalf the Company from 1 August 2024, the Board
has ended this instruction with effect from today. Responsibility for
day-to-day operation of buyback instructions passes to Janus Henderson, which
aligns with the practice of other investment trust clients of Janus Henderson,
although the Board retains ultimate responsibility for buy back decisions and
the Company's discount management policy. Any shares repurchases will be
made pursuant to the Company's general buy back authority approved at the
Company's AGM today.
For further information, please call:
Janus Henderson Secretarial Services UK Limited
Corporate Secretary to The North American Income Trust plc
020 7818 1818
Harriet Hall
PR Director, Investment Trusts
Janus Henderson Investors
Telephone: 020 7818 2919
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END RAGFJMJTMTIMBAARecent news on North American Income Trust
See all newsREG - Janus Henderson NAV - Net Asset Value(s)
AnnouncementREG - North American IT - Net Asset Value(s)
AnnouncementREG - North American IT - Transaction in Own Shares
AnnouncementREG - Janus Henderson NAV - Net Asset Value(s)
AnnouncementREG - North American IT - Net Asset Value(s)
Announcement