REG - abrdn Euro Logistics - Result of AGM

abrdn European Logistics IncomeAnnouncement

24/06/2024 14:30

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RNS Number : 6371T  abrdn European Logistics Income plc  24 June 2024

abrdn European Logistics Income plc (LSE: ASLI) (the "Company" or "ASLI")

LEI: 213800I9IYIKKNRT3G50

24 June 2024

 

RESULT OF ANNUAL GENERAL MEETING

 

At the Annual General Meeting of the Company held on 24 June 2024, in
accordance with the Board's recommendation, Resolutions 1 to 12 contained in
the Notice of Meeting were duly passed and Resolution 13, the continuation of
the Company, was not passed, with all voting having been conducted on a
poll.

 

Following the AGM, the Board of Directors is pleased to note that shareholders
have followed the Board's guidance in voting against the Continuation
resolution.  This allows the Company to move forward with the recently
announced plan to place the Company into managed wind-down.  The Company
expects to issue a circular in the coming weeks which will provide details of
a general meeting to be held which will seek shareholder approval for the
required change to the Company's investment objective and policy in advance of
the commencement of the managed wind-down process.

 

The total number of proxy votes lodged was as follows:

 

 RES NO.  VOTES FOR    %      VOTES AGAINST  %      VOTES TOTAL  % ISC   VOTES WITHHELD
 1        212,000,000  99.96  91,364         0.04   212,091,364  51.46%  142,561
 2        211,604,889  99.76  515,313        0.24   212,120,202  51.46%  113,723
 3        211,983,524  99.94  125,250        0.06   212,108,774  51.46%  125,151
 4        206,057,977  97.17  6,006,082      2.83   212,064,059  51.45%  169,866
 5        207,601,832  97.90  4,462,227      2.10   212,064,059  51.45%  169,866
 6        205,575,752  96.94  6,492,056      3.06   212,067,808  51.45%  166,117
 7        211,811,452  99.87  267,187        0.13   212,078,639  51.45%  155,286
 8        211,909,769  99.92  169,486        0.08   212,079,255  51.45%  154,670
 9        209,022,660  98.55  3,077,504      1.45   212,100,164  51.46%  133,761
 10       210,034,196  99.03  2,053,968      0.97   212,088,164  51.46%  145,761
 11       208,814,680  98.43  3,325,830      1.57   212,140,510  51.47%  93,415
 12       207,164,070  97.65  4,975,515      2.35   212,139,585  51.47%  94,340
 13       11,262,986   5.31   200,850,180    94.69  212,113,166  51.46%  120,759

 

In relation to Resolution 10 (disapplication of pre-emption rights), 10% of
the issued share capital amounts to 41,217,436 Ordinary shares and in relation
to Resolution 11 (authority to purchase shares) 14.99% of the issued share
capital as at today's date amounts to 61,784,936 Ordinary shares.

 

PASSING OF RESOLUTIONS UNDER SPECIAL BUSINESS

 

The full text of the resolutions can be found in the Notice of Meeting set out
in the Annual Report and Financial Statements for the year ended 31 December
2023, copies of which are available on the Company's website,
eurologisticsincome.co.uk*. Copies of the special resolutions will shortly be
available for inspection at the National Storage Mechanism ("NSM"):
https://data.fca.org.uk/#/nsm/nationalstoragemechanism *.

 

 

* Neither the Company's website nor the NSM 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.

 

abrdn Holdings Limited

Company Secretary

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