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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Abrdn New Dawn Investment Trust Plc | LSE:ABD | London | Ordinary Share | GB00BBM56V29 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 226.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -19.43M | -23.5M | -0.2186 | -10.34 | 242.98M |
TIDMABD
RNS Number : 0076R
abrdn New Dawn Invest Trust plc
23 October 2023
23 October 2023
abrdn New Dawn Investment Trust plc
Legal Entity Identifier: 5493002K00AHWEME3J36
Result of First General Meeting and Annual General Meeting
In connection with the proposals for a combination of abrdn New Dawn Investment Trust plc ("ABD" or the "Company") with Asia Dragon Trust plc ("Asia Dragon" or "DGN") by way of a scheme of reconstruction of the Company under Section 110 of the Insolvency Act 1986 (the "Scheme"), the Company is pleased to announce the result of the First General Meeting and the Annual General Meeting ("AGM").
Result of First General Meeting
The Company announces the special resolutions, which were put forward at the First General Meeting held today, have been approved by Shareholders.
First General Votes For % Votes % Votes Votes Meeting Special (including Against Total Withheld Resolutions Discretionary) 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. 72,069,029 99.86% 100,185 0.14% 72,169,214 118,622 ---------------- ------- --------- ------ ----------- ---------- 2. To approve the Scheme subject to certain conditions being satisfied. 72,068,137 99.86% 99,073 0.14% 72,167,210 120,626 ---------------- ------- --------- ------ ----------- ----------
Result of AGM
The Company further announces that at the AGM held earlier today, all resolutions were passed.
In relation to Resolutions 11 and 12 (authorities to allot shares and to disapply pre-emption rights), the relevant figure was 10,440,634 Ordinary Shares, being the lower of 10% of the Ordinary Shares in issue as at the date of the AGM Notice and as at the date of passing of these two Resolutions at the AGM.
In relation to Resolution 13 (authority to make market purchases of Ordinary Shares), the relevant figure was 15,650,511 Ordinary Shares, being the lower of 14.99% of the Ordinary Shares in issue at the date of the AGM Notice and as at the date of passing of the Resolution at the AGM.
The total number of proxy votes lodged was as follows:
AGM Resolutions Votes % Votes % Votes Votes For (including Against Total Withheld Discretionary) 1. Annual Report and Financial Statements 71,591,525 99.94% 39,607 0.06% 71,631,132 9,788 ---------------- ------- ---------- ------ ----------- ---------- 2. Directors' Remuneration Report 71,431,262 99.78% 158,499 0.22% 71,589,761 51,159 ---------------- ------- ---------- ------ ----------- ---------- 3. Directors' Remuneration Policy 71,412,023 99.74% 184,503 0.26% 71,596,526 44,393 ---------------- ------- ---------- ------ ----------- ---------- 4. Re-election of Ms M Sears 69,208,085 96.65% 2,402,110 3.35% 71,610,195 30,725 ---------------- ------- ---------- ------ ----------- ---------- 5. Re-election of Mr S Souchon 71,455,049 99.83% 122,897 0.17% 71,577,946 62,974 ---------------- ------- ---------- ------ ----------- ---------- 6. Re-election of Mr D Workman 69,156,181 96.61% 2,427,933 3.39% 71,584,114 56,806 ---------------- ------- ---------- ------ ----------- ---------- 7. Re-election of Mr H Young 68,837,702 96.13% 2,773,732 3.87% 71,611,434 29,486 ---------------- ------- ---------- ------ ----------- ---------- 8. Re-election of Ms N Yuen 71,487,173 99.83% 122,352 0.17% 71,609,525 31,394 ---------------- ------- ---------- ------ ----------- ---------- 9. Reappointment of auditor 71,404,112 99.80% 140,391 0.20% 71,544,503 96,417 ---------------- ------- ---------- ------ ----------- ---------- 10. Approval of auditor's remuneration 71,479,535 99.89% 80,549 0.11% 71,560,084 80,836 ---------------- ------- ---------- ------ ----------- ---------- 11. Authority to allot shares 71,517,801 99.88% 86,054 0.12% 71,603,855 37,064 ---------------- ------- ---------- ------ ----------- ---------- 12. Disapplication of pre-emption rights 71,444,194 99.83% 119,676 0.17% 71,563,870 77,049 ---------------- ------- ---------- ------ ----------- ---------- 13. Share buybacks 71,416,503 99.75% 182,043 0.25% 71,598,546 42,373 ---------------- ------- ---------- ------ ----------- ----------
The Ordinary Shares will be disabled for settlement in CREST from 6:00 p.m. on 1 November 2023 and trading will be suspended from 7.30 a.m. on 2 November 2023. Following the classification of the Ordinary Shares on 7 November 2023, the Reclassified Shares will be suspended from listing at 7.30 a.m. on 8 November 2023.
The full text of the special resolutions of the First General Meeting and the resolutions of the AGM, are set out in the Notice of First General Meeting and the Notice of AGM, respectively, contained in the Company's circular to Shareholders dated 22 September 2023 (the "Circular").
The Circular is available for viewing on the Company's website, www.newdawn-trust.co.uk and at the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information please contact:
abrdn New Dawn Investment Trust plc Contact via AFML Donald Workman abrdn Fund Managers Limited Maria Allen +44 (0) 20 3680 0305 Stephanie Hocking +44 (0) 7514 064 988 Panmure Gordon (UK) Limited Alex Collins Ashwin Kohli Daphne Zhang +44 (0) 20 7886 2500
General
The content of the Company's web-pages and the content of any website or pages which may be accessed through hyperlinks on the Company's web-pages, other than the content of the document referred to above, is neither incorporated into nor forms part of the above announcement.
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END
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(END) Dow Jones Newswires
October 23, 2023 10:57 ET (14:57 GMT)
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