Henderson Opportunities Trust PLC Result of AGM (9020H)
March 15 2018 - 12:53PM
UK Regulatory
TIDMHOT
RNS Number : 9020H
Henderson Opportunities Trust PLC
15 March 2018
HENDERSON INVESTMENT FUNDS LIMITED
HENDERSON OPPORTUNITIES TRUST PLC
15 March 2018
Legal Entity Identifier: 2138005D884NPGHFQS77
HENDERSON OPPORTUNITIES TRUST PLC
Annual General Meeting held on Thursday 15 March 2018
Henderson Opportunities Trust plc announces that at the Annual
General Meeting held earlier today all resolutions proposed were
duly passed on a show of hands, three of which were special
resolutions authorising:
- the allotment of ordinary shares or sale of shares out of
treasury on a non pre-emptive basis up to a nominal value of
GBP200,021 (such amount being equivalent to 10% of the Company's
issued ordinary share capital as at today's date); and
- market purchases of its own ordinary shares up to a maximum of
14.99% (equivalent to 1,199,328 ordinary shares as at today's date)
at the maximum price per share (exclusive of expenses) not
exceeding the higher of:
i) 105% of the average middle market quotations for the five
business days preceding the date of purchase; and
ii) the higher of the last independent bid and the highest
current independent bid on the London Stock Exchange.
This authority will expire at the conclusion of the 2019 Annual
General Meeting or within 15 months from 15 March 2018, or where
expressly revoked by shareholders. The Company may cancel or hold
in treasury any shares bought back under this authority. Purchases
may be funded from the Company's own cash resources or, if
appropriate, from short term borrowings; and
- that a General Meeting other than an Annual General Meeting
may be called on not less than 14 clear days' notice.
The Company instructs J.P. Morgan Securities plc to act as its
broker in respect of its market purchase transactions. The Company
may utilise the authority to purchase shares by either a single
purchase or a series of purchases when market conditions allow when
they are trading at a discount to the underlying net asset value
per share, with the aim of maximising the benefit to shareholders.
This proposal does not indicate that the Company will purchase
shares at any particular time or price, nor imply any opinion on
the part of the Directors as to the market or other value of the
Company's shares.
This arrangement is in accordance with Chapter 12 of the UKLA
Listing Rules and the Company's general authority to repurchase
shares.
Mr Peter May retired as a non--executive director of the Company
at the conclusion of the AGM. The Board thanked him for his
contribution to the Company.
The full text of all the resolutions can be found in the Notice
of Meeting, copies of which are available for viewing at
www.morningstar.co.uk/uk/nsm.
For further information please contact:
James Henderson
Henderson Opportunities Trust plc
Telephone: 020 7818 4370
or
James de Sausmarez
Director and Head of Investment Trusts
Janus Henderson Investors
Telephone: 020 7818 3349
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGSFSFMIFASEID
(END) Dow Jones Newswires
March 15, 2018 12:53 ET (16:53 GMT)
Henderson Opportunities (LSE:HOT)
Historical Stock Chart
From Apr 2024 to May 2024
Henderson Opportunities (LSE:HOT)
Historical Stock Chart
From May 2023 to May 2024