Share Name Share Symbol Market Type Share ISIN Share Description
Perpetual Income And Growth Investment Trust Plc LSE:PLI London Ordinary Share GB0006798424 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 244.50 243.50 244.50 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 40.5 37.2 16.0 15.3 523

Perpetual Inc&Growth Result of Meeting

09/11/2020 2:35pm

UK Regulatory (RNS & others)

9 November 2020 
           Results of First General Meeting and Results of Elections 
Results of First General Meeting 
In connection with the proposals for a combination of the assets of the Company 
with Murray Income Trust plc ("Murray Income" or "MUT") by means of a scheme of 
reconstruction and winding up of the Company under section 110 of the 
Insolvency Act 1986 (the "Scheme"), the Board is pleased to announce that the 
special resolutions, which were put forward at the First General Meeting held 
today, have been approved by Shareholders. 
Resolution number  Votes For       %     Votes      %      Votes   % ISC    Votes 
                                       Against             Total         Withheld 
1. To approve the 70,247,488   99.50   352,012   0.50 70,599,500   33.01   65,775 
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 
2. To approve the 70,246,720   99.49   356,701   0.51 70,603,421   33.01   61,854 
scheme of 
and winding up of 
the Company (the 
"Scheme") subject 
to certain 
conditions being 
The full text of the special resolutions can be found in the notice of First 
General Meeting contained in the Company's circular to Shareholders dated 12 
October 2020 (the "Circular"). The Circular is available for viewing at the 
National Storage Mechanism which can be located at 
nsm/nationalstoragemechanism and on the Company's website,   https:// 
Results of Elections 
The Company received the following elections (including deemed elections) in 
connection with the Scheme: 
  * Rollover Option: 141,052,192 Shares 
  * Cash Option: 72,801,139 Shares 
The Cash Option, which is limited to 20 per cent. of the Shares in issue 
(excluding Shares held in treasury), was therefore oversubscribed. Accordingly, 
the Basic Entitlement of all Shareholders who have validly elected or deemed to 
have elected for the Cash Option will be accepted in full and Excess 
Applications for the Cash Option will be scaled back into New MUT Shares on a 
pro rata basis. Excess Applications will be satisfied to the extent of 
approximately 40.1 per cent. of the excess Applications made. 
In accordance with the Scheme, eligible Shareholders that made no Election have 
been deemed to have elected for the Rollover Option. 
Accordingly, after scaling back Excess Applications, 80 per cent. of the 
Company's Shares will rollover into Murray Income, with the balance taking the 
Cash Option. 
Therefore, the Shares will be reclassified as follows: 
  * 171,082,665 Shares with "A" rights, being the right to receive New MUT 
    Shares; and 
  * 42,770,666 Shares with "B" rights, being the right to receive cash. 
The amendment to the listing of the Shares has been requested and dealings in 
the Reclassified Shares are expected to commence at 8:00 a.m. on 16 November 
2020, and the listing and dealings in Reclassified Shares is subsequently 
expected to be suspended at 7:30 am on 17 November 2020. 
Defined terms used in this announcement have the meanings given in the Circular 
unless the context otherwise requires. 
Richard Laing, Chairman 
Contact through Winterflood 
Winterflood Investment Trusts (Corporate Broker) 
Neil Morgan 
Telephone 020 3100 0292 
Invesco Fund Managers Limited 
Angus Pottinger 
Telephone 020 3753 0714 
Note: 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. 

(END) Dow Jones Newswires

November 09, 2020 09:35 ET (14:35 GMT)

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