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| TIDM | UEM |
| Share Price | 281.00p0.00% |
| Market Cap | £485.02m |
Utilico Emerging Markets Trust PLC (UEM) held a General Meeting on 16 September 2025, where both proposed resolutions were passed. Shareholders approved Resolution 1, to amend the Company's Articles of Association, with 112,646,800 votes (97.65%) for and 2,706,741 votes (2.35%) against. Resolution 2, to approve the continuation of the Company, was also passed with 112,693,109 votes (97.63%) for and 2,738,829 votes (2.37%) against.
| Date | 16 Sept 2025 |
| Time | 11:49:09 |
| Category | AGMs and other meetings |
| ID | 5518Z |
16 September 2025
UTILICO EMERGING MARKETS TRUST PLC
(LEI Number: 2138005TJMCWR2394O39)
Result of General Meeting
Utilico Emerging Markets Trust plc ("UEM" or the "Company") is pleased to announce the results of the General Meeting which was held earlier today. Both resolutions proposed at the meeting were passed on a show of hands.
On 7 August 2025 UEM announced a comprehensive suite of initiatives which seek to increase demand for its shares and enhance the rating of the Company's shares over time. On 15 August 2025, as part of these initiatives, UEM published a Circular containing a Notice of General Meeting seeking approval to amend the Company's existing articles of association and to approve the continuation of the Company as presently constituted.
Mark Bridgeman, Chairman of UEM, said, "Following a further period of strong performance, the Board is delighted with the overwhelming support that shareholders have shown in passing both resolutions today and looks forward to UEM continuing to build on its 20-year record of outperformance and its progressive dividend policy. The Board's announcement last month of a comprehensive suite of initiatives aims to enhance shareholder value and provide greater transparency, and the Board will continue to support the fund managers in their focus on delivering strong long-term performance through UEM's differentiated emerging markets strategy."
Charles Jillings & Jacqueline Broers, Joint Portfolio Managers of UEM, added, "We were pleased to welcome so many shareholders to UEM's meetings today and to make a presentation providing an overview of UEM's investment portfolio and strategy. We are always happy to meet investors and update them on the Company's performance and outlook."
A copy of the Circular and Notice of General Meeting is available at www.uemtrust.co.uk.
The proxy voting figures received in advance of the meeting are shown below.
|
Resolution |
Votes for/ |
% |
Votes against |
% |
Total votes cast |
Votes withheld |
|
Special Resolution |
|
|
|
|
|
|
|
1. To amend the Company's Articles of Association |
112,646,800 |
97.65 |
2,706,741 |
2.35 |
115,353,541 |
104,437 |
|
Ordinary Resolution |
|
|
|
|
|
|
|
2. To approve the continuation of the Company as presently constituted |
112,693,109 |
97.63 |
2,738,829 |
2.37 |
115,431,938 |
26,040 |
A copy of the full text of the resolutions will shortly be made available for inspection on the National Storage Mechanism at http://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Name of contact and telephone number for enquiries:
|
Joint Portfolio Manager and Company Secretary |
|
|
ICM Investment Management Limited |
+44 (0)1372 271486 |
|
Charles Jillings / Jacqueline Broers / Alastair Moreton |
|
|
|
|
|
Public Relations |
|
|
Montfort Communications |
+44 (0)7798 626282 |
|
Gay Collins / Alex Everett |
|
|
|
|
|
|
|
|
Joint Brokers |
|
|
Shore Capital |
+44 (0)20 7408 4050 |
|
Gillian Martin / Daphne Zhang / Matthew Walton - Corporate Advisory Fiona Conroy - Corporate Broking |
|
|
|
|
|
Barclays Bank PLC |
+44 (0)20 7623 2323 |
|
Dion Di Miceli / Stuart Muress / James Atkinson |
|
|
|