To:
RNS
From:
CT UK High Income Trust PLC
Date:
26 July 2024
LEI:
213800B7D5D7RVZZPV45
Information disclosed in accordance
with LR 9.6.18
Subject: Result of Annual General Meeting
CT UK High Income Trust PLC (the
'Company') announces that, at the Annual General Meeting held on 26
July 2024, a poll was held on each of the 13 resolutions proposed
and all were duly passed, including those detailed
below:
·
An ordinary resolution renewing the Directors'
authority to allot new Ordinary shares of 0.1 pence each up to an
aggregate nominal amount of £4,166 and new B shares of 0.1 pence
each up to an aggregate nominal amount of £1,535 being
approximately 5% of the Company's total issued Ordinary shares and
approximately 5% of the Company's total issued B shares
respectively (excluding shares held in treasury). This authority
will expire at the conclusion of the Company's next Annual General
Meeting to be held after the passing of this resolution or on 30
September 2025, whichever is earlier, unless previously revoked,
varied or extended by the Company in general meeting.
·
A special resolution renewing the Directors'
authority to allot new Ordinary shares of 0.1 pence each up to an
aggregate nominal amount of £4,166 and new B shares of 0.1 pence
each up to an aggregate nominal amount of £1,535 being 4.1% of the
Company's total issued Ordinary shares and 4.8% of the Company's
total issued B shares respectively (including shares held in
treasury) for cash without first offering such shares to existing
shareholders pro rata to their existing holdings. This authority
will expire at the conclusion of the Company's next Annual General
Meeting to be held after the passing of this resolution or on 30
September 2025, whichever is earlier unless previously varied,
revoked or renewed by the Company in general meeting.
·
A special resolution renewing the Directors'
authority to make market purchases of up to 12,490,000 Ordinary
shares and 4,603,200 B shares being approximately 14.99% of the
issued Ordinary shares and 14.99% of the issued B shares (excluding
Ordinary shares and B shares held in treasury). This authority will
expire at the conclusion of the Company's next Annual General
Meeting or on 30 September 2025, whichever is the earlier, unless
previously varied, revoked or renewed by the Company in general
meeting.
·
A special resolution renewing the Directors'
authority to sell shares from treasury without having first to make
a pro rata offer to existing shareholders limited up to an
aggregate nominal amount of £8,332 in respect of Ordinary shares
and £3,070 in respect of B shares, representing approximately 8.2%
of the Company's Ordinary share capital in issue and approximately
9.6% of the Company's B share capital in issue (including treasury
shares). This authority shall expire at the conclusion of the
next Annual General Meeting of the Company or on 30 September 2025,
whichever is the earlier, unless previously varied, revoked or
renewed by the Company in general meeting.
The results of the poll were as
follows:
|
|
|
For and
Discretionary
|
Against
|
Withheld
|
Total Votes (excluding Votes
Withheld)
|
|
|
Resolution
|
No of Votes
|
% of Votes
Cast
|
No of Votes
|
% of Votes
Cast
|
No of
Votes
|
|
|
1
|
Receive and adopt the Annual Report
& Financial Statements for the year to 31 March 2024
|
25,817,678
|
99.39%
|
159,607
|
0.61%
|
61,744
|
25,977,285
|
|
2
|
Approve Directors' Remuneration
Report for the year to 31 March 2024
|
25,036,176
|
97.52%
|
636,825
|
2.48%
|
366,028
|
25,673,001
|
|
3
|
To re-elect H M Galbraith as a
Director
|
25,333,928
|
98.23%
|
456,423
|
1.77%
|
248,678
|
25,790,351
|
|
4
|
To re-elect S J Mitchell as a
Director
|
25,279,570
|
98.09%
|
491,136
|
1.91%
|
268,323
|
25,770,706
|
|
5
|
To re-elect A W Pottinger as a
Director
|
25,312,329
|
98.32%
|
431,249
|
1.68%
|
295,451
|
25,743,578
|
|
6
|
To re-elect A K Watkins as a
Director
|
25,313,337
|
98.23%
|
457,369
|
1.77%
|
268,323
|
25,770,706
|
|
7
|
To re-appoint Deloitte LLP as
Auditor
|
25,333,268
|
97.99%
|
520,947
|
2.01%
|
184,814
|
25,854,215
|
|
8
|
That the Directors be authorised to
determine the remuneration of the Auditor
|
25,619,713
|
99.13%
|
225,038
|
0.87%
|
194,278
|
25,844,751
|
|
9
|
Approval of the Company's
dividend/capital repayment policy
|
25,748,967
|
99.33%
|
173,031
|
0.67%
|
117,031
|
25,921,998
|
|
10
|
Authorise the Directors to allot
shares
|
25,550,415
|
99.22%
|
201,459
|
0.78%
|
287,155
|
25,751,874
|
|
11
|
Authority to allot shares without
pre-emption rights
|
25,048,032
|
97.46%
|
653,461
|
2.54%
|
337,536
|
25,701,493
|
|
12
|
Authority to purchase own
shares
|
24,358,589
|
94.41%
|
1,441,203
|
5.59%
|
239,237
|
25,799,792
|
|
13
|
Authority to sell treasury shares
without pre-emption rights
|
25,067,417
|
97.74%
|
579,313
|
2.26%
|
392,299
|
25,646,730
|
The full text of all the resolutions
can be found in the Notice of Annual General Meeting set out in the
Annual Report and Financial Statements of CT UK High Income Trust
PLC for the year ended 31 March 2024, which
was submitted to the National Storage Mechanism on 7 June 2024 and
is available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
and on the Company's website
www.ctukhighincome.co.uk
At the time of the
meeting the Company's issued share capital consists of 83,322,653
Ordinary shares carrying one vote each and 30,708,750 B shares
carrying one vote each. The Company holds 18,744,491 Ordinary
shares and 1,367,953 B shares in treasury which do not carry voting
rights. Therefore, the total voting rights in the Company were
114,031,403 votes.
For further information please
contact:
Columbia Threadneedle Investment
Business Limited
0131 573 8300