REG-Premier Miton Global Renewables Trust Plc: Results of First General Meeting & Scheme Elections

Premier Miton Global Renewables TrustAnnouncement

25/11/2025 18:30

Premier Miton Global Renewables Trust PLC (the “Company”)

Legal Entity Identifier:                    2138004SR19RBRGX6T68

 

25 November 2025

Results of First General Meeting & Scheme Elections

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") as announced on 18 September 2025 and outlined in the circular
published on 6 November 2025 (the “Circular”), the Board is pleased to
announce that the Resolutions which were put forward at the First General
Meeting held today have been approved by Shareholders.

Details of the number of 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:

 Resolution                                                                                                                                                                                                     Votes for (incl. discretionary)  %       Votes against  %      Total votes cast  Votes cast (excl. votes withheld) 1  Votes withheld  
 1. To approve the reclassification of the shares in the capital of the Company as shares with "A" rights and shares with "B" rights and to approve changes required to the Company's articles of association.  4,248,264                        99.51%  20,769         0.49%  4,303,230         23.41%                               34,197          
 2. To approve the Scheme;   further amend the Company's articles of association in order to implement the Scheme; and to instruct the Liquidators to give effect to the Scheme.                                4,248,264                        99.51%  20,769         0.49%  4,303,230         23.41%                               34,197          

1                     As a percentage of total voting rights

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, being 18,238,480 as at                      close of business
on 21 November 2025, being the time and date at which a shareholder had to be
registered in the Register in order to vote at the First 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
18,238,480. There are no Ordinary Shares held in treasury. Therefore, as at
the date of this announcement the number of voting rights in the Company are
18,238,480.

The full text of the Resolutions is set out in the notice of First General
Meeting contained in 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                        
                 and on the Company's website at:                           
                https://www.globalrenewablestrust.com/documents/

Results of Scheme Elections

The Board also announces the following Elections in connection with the
Scheme:
*            Rollover Option: 8,959,628 Ordinary Shares / 49.12 per cent. of
issued share capital, which will be reclassified as Reclassified Shares with
"A" rights, being the right to receive Sub-Fund Shares; and          
*            Cash Option:                                   9,278,852
Ordinary Shares / 50.88 per cent. of issued share capital, which will be
reclassified as Reclassified Shares with "B" rights, being the right to
receive cash.          
*            The amendment of the listing of the Ordinary Shares to reflect
their reclassification as Reclassified Shares for the purpose of implementing
the Scheme will take effect on                       4 December 2025.
 

In accordance with the Scheme, Shareholders (other than Restricted
Shareholders) who made no valid Election for the Cash Option have been deemed
to have elected for the Rollover Option. Restricted Shareholders will receive
cash only.

           In accordance with the timetable, the Ordinary Shares were
disabled for settlement in CREST from                     6:00 p.m.         
           on                     24 November 2025                     and
trading was suspended from                     7.30 a.m.                    
on                     25 November 2025. Following the reclassification of
the Ordinary Shares on                     4 December 2025, the listing of,
and dealings in, the Reclassified Shares will be suspended                   
  at                     7.30 a.m.                     on                  
  5 December 2025.

The cancellation of the listing of the Reclassified Shares is expected to
occur as soon as practicable after the effective date of 5 December 2025.

Defined terms used in this announcement shall, unless the context requires
otherwise, have the meanings ascribed to them in the Circular.

 

For further information, please contact:

 Premier Portfolio Managers Limited  Claire Long                                          T: +44 (0) 1483 30 60 90  
                                                                                                                    
 Cavendish Capital Markets Limited   Tunga Chigovanyika (Corporate Finance)               T: +44 (0) 20 7397 1915   
                                     Pauline Tribe (Sales)  Justin Zawoda-Martin (Sales)  T: +44 (0) 20 7220  0500  
                                                                                                                    

 



Copyright (c) 2025 PR Newswire Association,LLC. All Rights Reserved