abrdn Equity Income Trust plc Result of AGM (7776O)

TIDMAEI

RNS Number : 7776O

abrdn Equity Income Trust plc

02 February 2023

abrdn EQUITY INCOME TRUST PLC

Legal Entity Identifier (LEI): 21380015XPT7BZISSQ74

2 February 2023

Result of Annual General Meeting

At the Annual General Meeting of abrdn Equity Income Trust plc (the "Company") held on Thursday, 2 February 2023, all the Resolutions as set out in full in the Notice of Meeting included within the Company's Annual Report for the year ended 30 September 2022, available on the Company's website www.abrdnequityincometrust.com*, were duly passed on a show of hands.

As set out in the Company's Annual Report to 30 September 2022, Mr White retired from the Board immediately following the Annual General Meeting and was succeeded by Ms Patel as Chair.

Ms Patel said "The Board wishes to formally thank Mr White for his service to the Board as a Director since 2013, and as Chairman since 2021. During Mr White's tenure the Company's annual dividend has increased from 13.4 pence per share paid in 2013 to the 22.7 pence per share paid last year."

Mr Little will succeed Ms Patel as Chair of the Audit Committee with immediate effect.

The total number of proxy votes lodged was as follows:

 
                              For and Discretionary        Against        Votes       Total Votes 
                            ------------------------  ---------------- 
        Resolution             No. of        % of      No. of    % of    Withheld      (excluding 
                                                                                     Votes Withheld) 
          Number               Votes      Votes Cast    Votes    Votes 
                                                                  Cast 
==========================  ===========  ===========  ========  ======  ========= 
 1. Approve Directors' 
  Report and Financial 
  Statements                  5,450,683        99.92     4,311    0.08     35,884          5,454,994 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 2. Approve Directors' 
  Remuneration Report         5,247,338        96.84   171,260    3.16     68,680          5,418,598 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 3. Approve Directors' 
  Remuneration Policy         5,271,576        97.34   143,809    2.66     75,493          5,415,385 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 4. Approve Dividend 
  Policy                      5,440,654        99.67    17,811    0.33     32,413          5,458,465 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 5. Approve aggregate 
  annual fees payable 
  to Directors.               5,378,362        98.69    71,271    1.31     41,245          5,449,633 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 6. Re-elect Ms C.M. 
  Hitch                       5,413,157        98.88    61,455    1.12     16,266          5,474,612 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 7. Re-elect Ms S. 
  Patel                       5,411,942        98.86    62,670    1.14     16,266          5,474,612 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 8. Re-elect Mr J. 
  J. Tigue                    5,383,640        98.72    69,971    1.28     37,266          5,453,611 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 9. Elect Mr M. Little        5,399,582        99.02    53,616    0.98     34,340          5,453,198 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 10. Re-appoint KPMG 
  LLP as Auditor              5,380,059        98.59    76,928    1.41     30,551          5,456,987 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 11. Remuneration 
  of the Auditor              5,401,958        99.20    43,351    0.80     42,229          5,445,309 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 12. Allotment of 
  shares                      5,381,909        98.94    57,435    1.06     48,194          5,439,344 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 13. Disapply pre-emption 
  rights                      5,255,065        97.15   154,012    2.85     78,461          5,409,077 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 14. Authorise market 
  purchases of ordinary 
  shares                      5,425,666        99.01    54,282    0.99      7,590          5,479,948 
--------------------------  -----------  -----------  --------  ------  ---------  ----------------- 
 15. Notice of General 
  Meetings                    5,229,410        95.60   240,595    4.40     17,533          5,470,005 
==========================  ===========  ===========  ========  ======  =========  ================= 
 

Copies of the resolutions passed under special business will shortly be submitted to the National Storage Mechanism and will be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism *.

* Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

2 February 2023

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February 02, 2023 09:10 ET (14:10 GMT)