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European Assets Trust plc shareholders approved two special resolutions at a First General Meeting held on 3 October 2025. The first resolution, concerning share reclassification and article changes, passed with 96.55% of votes for, and the second, regarding the scheme of reconstruction and further article amendments, passed with 96.54% of votes for. Ordinary Shares will be disabled for settlement from 6:00 p.m. on 8 October 2025, trading will be suspended from 7:30 a.m. on 9 October 2025, and reclassified shares will be suspended from listing at 7:30 a.m. on 15 October 2025.
| Date | 3 Oct 2025 |
| Time | 15:19:15 |
| Category | AGMs and other meetings |
| ID | 0577C |
3 October 2025
Legal Entity Identifier: 213800N61H8P3Z4I8726
European Assets Trust plc (the "Company")
Result of First General Meeting
In connection with the proposals for the combination of European Assets Trust plc with The European Smaller Companies Trust plc by way of a scheme of reconstruction and voluntary winding up of the Company under section 110 of the Insolvency Act 1986 (the "Scheme"), the Board of the Company is pleased to announce the result of the First General Meeting.
The Company announces the special resolutions, which were put forward at the First General Meeting held today, have been approved by Shareholders. Details of the number of votes for, against and withheld in respect of the resolutions, which were held on a poll, are set out below and will also be published on the Company's website at www.europeanassets.co.uk.
|
First General Meeting Special Resolutions |
Votes For (including Discretionary) |
% |
Votes Against |
% |
Votes Total |
% of total voting rights1 |
Votes Withheld2 |
|
1. To approve the reclassification 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 association. |
94,283,844 |
96.55 |
3,369,200 |
3.45 |
97,653,044 |
27.12 |
1,002,547 |
|
2. To approve the Scheme and further amend the articles of association of the Company, subject to certain conditions being satisfied. |
94,441,839 |
96.54 |
3,384,972 |
3.46 |
97,826,811 |
27.17 |
828,780 |
1. The number of Ordinary Shares in issue as at the voting record time of 6.30 p.m. (London Time) on 1 October 2025 (the "Voting Record Time") was 360,069,279. As at that date no Ordinary Shares were held in treasury. Therefore, the total number of voting rights in the Company as at the Voting Record Time was 360,069,279.
2. A 'vote withheld' is not a vote in law and will not be counted in the calculation of the proportion of the votes for and against the resolutions.
The Ordinary Shares will be disabled for settlement in CREST from 6.00 p.m. on 8 October 2025 and trading will be suspended from 7.30 a.m. on 9 October 2025. Following the reclassification of the Ordinary Shares at 8.00 a.m. on 14 October 2025, the Reclassified Shares will be suspended from listing at 7.30 a.m. on 15 October 2025.
The full text of the special resolutions of the First General Meeting are set out in the Notice of First General Meeting, contained in the Company's Circular to Shareholders dated 9 September 2025 (the "Circular").
The Circular is available for viewing on the Company's website, www.europeanassets.co.uk and at the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A copy of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Unless otherwise defined, all capitalised terms used but not defined in this announcement shall have the meaning as given to them in the Circular.
For more information please use the contact details below.
European Assets Trust PLC
Contact via Panmure Liberum Limited
Panmure Liberum Limited
Alex Collins / Ashwin Kohli (Corporate Advisory)
Tom Scrivens (Corporate Broking)
+44 (0)20 3100 2000
Corporate Secretary to European Assets Trust PLC
Columbia Threadneedle Investment Business Limited
+44 (0)131 573 8300