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Share Name Share Symbol Market Type Share ISIN Share Description
Henderson Alternative Strategies Trust Plc LSE:HAST London Ordinary Share GB0001216000 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 287.00 286.00 288.00 286.00 286.00 286.00 79,768 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.2 1.6 4.2 68.0 1,084

Henderson Alternative Strat Tst PLC Result of AGM

16/09/2020 1:55pm

UK Regulatory (RNS & others)


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Henderson Alternative Strat Tst PLC

16 September 2020

HENDERSON INVESTMENT FUNDS LIMITED

HENDERSON ALTERNATIVE STRATEGIES TRUST PLC

LEGAL ENTITY IDENTIFIER: 213800J6LLOCA3CUDF69

16 September 2020

HENDERSON ALTERNATIVE STRATEGIES TRUST PLC

Result of Annual General Meeting held on Wednesday 16 September 2020

Henderson Alternative Strategies Trust plc announces that at the Annual General Meeting held earlier today, all resolutions were duly passed on a poll.

In addition, the Chairman announced at the Annual General Meeting that cash now forms 60% of the Company's portfolio (as at 11 September). The Board is giving consideration as to how best to make an initial return of cash to shareholders and will make a further announcement on this in the near future. It should be noted that the investment manager is currently selling the Company's remaining liquid listed investments and has already made redemption requests in respect of its holding in funds with redemption rights. The investment manager expects the Company's cash level to rise to 70-75% by mid October 2020. The remaining portfolio, post the sale of liquid listed investments, will consist of funds without redemption rights and illiquid listed funds. These amount, in aggregate, to c.20% of the current NAV. Your investment manager is actively exploring liquidity options. There can, however, be no certainty as to the aggregate realisation proceeds which may be achieved for this remaining illiquid portfolio, or on the timeframe necessary to achieve a disposal.

The Board would like to thank the Fund Management team, who have worked hard to realise the Company's assets in line with the shareholder vote held at the beginning of July.

 
                                                                                                  Votes cast 
                                                                                                  (excluding 
                                                                                                       votes 
                                                                                                   withheld) 
                                                                                                        as a 
                                                                                                  percentage 
                                          Votes for                                       Total     of total 
                                         (including                 Votes                 votes       voting      Votes 
            Res'n   Description      discretionary)         %     against        %         cast       rights   withheld 
                    Annual Report 
                     and Financial 
        1            Statements          21,936,385     99.96       8,300     0.04   21,944,685       56.73%        198 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Directors' 
                     Remuneration 
        2            Policy              21,433,819     98.19     395,733     1.81   21,829,552       56.43%    115,331 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Remuneration 
        3            Policy              21,907,661     99.87      29,396     0.13   21,937,057       56.71%      7,826 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
        4           Final Dividend       21,944,883    100.00           -        -   21,944,883       56.73%          - 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Re-election 
                     of Richard 
        5            Gubbins             20,285,242     92.50   1,643,583     7.50   21,928,825       56.69%     16,057 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Re-election 
                    of Jamie 
        6           Korner               21,485,472     97.97     444,998     2.03   21,930,470       56.69%     14,413 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Re-election 
                     of Graham 
        7            Oldroyd             21,483,828     97.97     444,998     2.03   21,928,825       56.69%     16,057 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Re-appointment 
                    of Grant 
                    Thornton 
        8           LLP as Auditor       21,931,313     99.94      13,570     0.06   21,944,883       56.73%          - 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Authority 
                    for the 
                    Directors 
                    to Determine 
                    the Auditor's 
        9           Remuneration         21,927,489     99.92      17,394     0.08   21,944,883       56.73%          - 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Authority 
                    to Allot 
       10*          Shares               21,891,765     99.83      38,129     0.17   21,929,894       56.69%     14,989 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Authority 
                     to Dis-Apply 
                     Pre-Emption 
       11*           Rights              21,891,585     99.79      46,654     0.21   21,938,239       56.71%      6,644 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Authority 
                     to Repurchase 
                     the Company's 
       12*           Shares              21,933,396     99.97       6,486     0.03   21,939,882       56.71%      5,000 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Authority 
                    to Call a 
                    General 
                    Meeting 
                    on 14 Days' 
       13*          Notice               21,739,069     99.06     205,814     0.94   21,944,883       56.73%          - 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
                    Adopt new 
                     Articles of 
       14*           Association         19,802,587     90.26   2,136,227     9.74   21,938,814       56.71%      6,068 
                   ---------------  ---------------  --------  ----------  -------  -----------  -----------  --------- 
 

* Special resolution.

The full text of all the resolutions can be found in the Notice of Meeting, which is available for viewing at www.morningstar.co.uk/uk/nsm .

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 6.00 p.m. on 14 September 2020 (38,678,638), being the time at which a shareholder had to be registered in the register of members in order to vote at the 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 38,678,638. There are no shares held in treasury. Therefore, as at the date of this announcement the number of voting rights in the Company are 38,678,638.

A copy of the poll results will be available on the Company's website shortly at: www.hendersonalternativestrategies.com .

A copy of the 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 .

For further information please contact:

   Richard Gubbins                                             Alex Barr, Senior Portfolio Manager 
   Chairman                                                        Janus Henderson Investors 
   020 7818 2025                                                020 7818 6585 
   James de Sausmarez                                     Laura Thomas 
   Head of Investment Trusts                             Investment Trust PR Manager 
   Janus Henderson Investors                            Janus Henderson Investors 
   020 7818 3349                                                020 7818 2636 

Mark Bloomfield

Stifel Nicolaus Europe Limited

020 7710 7600

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END

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September 16, 2020 08:55 ET (12:55 GMT)

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