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Chelverton UK Dividend Trust PLC issued an update on 09 April 2025 regarding its Annual General Meeting (AGM) held on 11 October 2024. Resolution 9, concerning the disapplication of pre-emption rights, was passed despite 20.8% of votes cast (160,000 Ordinary shares, representing 0.7% of issued share capital) being against the resolution. The Company was unable to identify the specific beneficial holders who voted against the resolution as shares are held via investment platforms.
| Date | 9 Apr 2025 |
| Time | 07:00:07 |
| Category | Miscellaneous |
| ID | 2107E |
CHELVERTON UK DIVIDEND TRUST PLC
LEI: 213800DAF47EJ2HT4P78
2024 AGM Voting Results Update Statement
In accordance with Provision 4 of the UK Corporate Governance Code, the Company today provides an update in respect of the results of its Annual General Meeting (AGM) held on 11 October 2024, where resolution 9 (to disapply pre-emption rights on the issue of Ordinary shares) was passed with the necessary majority but with more than 20% of votes cast against the resolution by shareholders.
The Company notes that, whilst the number of votes cast against the resolution represented 20.8% of the total votes cast, due to low shareholder engagement the number of votes against this resolution was 160,000 Ordinary shares, representing 0.7% of the issued share capital at the time of the AGM. The Company has sought to identify the dissenting shareholders in order to discuss their concerns; however, the shares are held via investment platforms and, as such, it has not been possible to identify the specific underlying beneficial holders that voted against the resolution.
Notwithstanding the foregoing, the Board welcomes engagement with shareholders and invites questions or concerns to be raised via the Company Secretary in the first instance at [email protected]
Apex Fund Administration Services (UK) Limited - Corporate Secretary
9 April 2025