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The European Smaller Companies Trust PLC held a General Meeting on 07 May 2025, where shareholders passed a resolution on a poll. This resolution authorizes the directors to make market purchases of the Company's ordinary shares of 1.5625p each pursuant to a tender offer. The vote recorded 223,387,726 votes (99.21% of shares voted) for the resolution and 1,777,584 votes (0.79%) against, representing 57.18% of total voting rights.
| Date | 7 May 2025 |
| Time | 14:56:59 |
| Category | AGMs and other meetings |
| ID | 7437H |
JANUS HENDERSON FUND MANAGEMENT UK LIMITED
THE EUROPEAN SMALLER COMPANIES TRUST PLC
Legal Entity Identifier: 213800N1B1HCQG2W4V90
7 May 2025
THE EUROPEAN SMALLER COMPANIES TRUST PLC
(the "Company")
Results of General Meeting
The Board of The European Smaller Companies Trust PLC is pleased to announce that the resolution put forward at the General Meeting held earlier today was passed on a poll.
James Williams, Chairman of The European Smaller Companies Trust PLC said:
"The Board is pleased that shareholders have supported its proposed tender offer. This is the best course of action to protect the interests of those shareholders that wish to remain invested in the Company. It will allow the Board and the investment manager to continue to focus on delivering value for shareholders through its proven investment strategy of disciplined, long-term investment in European smaller companies."
Results of the General Meeting
The resolution was voted on by way of a poll and the results are shown in the table below:
|
Resolution |
Votes For* |
Votes Against |
Total Votes Cast |
Votes Withheld |
|||
|
Number |
% of Shares voted |
Number |
% of Shares voted |
Number |
% of total voting rights |
Number |
|
|
1. To authorise the directors to make market purchases of the Company's own ordinary shares of 1.5625p each pursuant to the tender offer |
223,387,726 |
99.21 |
1,777,584 |
0.79 |
225,165,310 |
57.18% |
187,185 |
* Includes discretionary votes.
On a poll, shareholders are entitled to one vote per share. Where shareholders appointed the Chairman of the General Meeting as their proxy with discretion as to voting, their votes were cast for the resolution and their shares have been included in the "Votes For" column. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" or "against" the resolution.
The Company had 394,632,326 ordinary shares of 1.5625 pence each in issue at the voting record time for the General Meeting. The Company holds 817,028 shares in treasury. Therefore, the total voting rights in the Company for the purpose of the General Meeting comprised 393,815,298 votes.
The results of the poll votes will shortly be available via the Company's website at www.europeansmallercompaniestrust.com.
The full text of the resolution is contained in the Notice of General Meeting set out in the circular published by the Company on 15 April 2025 (the "Circular"). The Circular is available for viewing on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website.
Enquiries:
Janus Henderson Secretarial Services UK Limited
Corporate Secretary to The European Smaller Companies Trust PLC
+44 (0)20 7818 1818
Winterflood Securities Limited
Neil Langford / Rose Ramsden / Sophia Bechev (Corporate Finance)
Darren Willis / Innes Urquhart (Corporate Sales)
+44 (0)20 3100 0000