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03 June 2025 23:11:33
- Source: Sharecast
JANUS HENDERSON FUND MANAGMENT UK LIMITED
THE NORTH AMERICAN INCOME TRUST PLC
LEGAL ENTITY IDENTIFIER: 5493007GCUW7G2BKY360
3 June 2025
THE NORTH AMERICAN INCOME TRUST PLC
("The Company")
Annual General Meeting held on
Tuesday 3 June 2025
The North American Income Trust plc announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll, three of which were special resolutions authorising:
- the Directors to allot or to sell from treasury up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;
- the Company to make market purchases of up to 14.99% of the Company's ordinary share capital (excluding treasury shares); and
- the Company to hold general meetings other than an Annual General Meeting on not less than 14 clear days' notice.
The full text of all the resolutions can be found in the Notice of Meeting on pages 82 and 83 of the Annual Report for the year ending 31 January 2025, copies of which are available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The proxy votes received in relation to each resolution were as follows:
|
Resolutions |
Votes for (including at Chairman's discretion) |
% |
Votes against |
% |
Total votes cast (excluding votes withheld) |
Total Votes Cast (excluding votes withheld) as a percentage of total voting rights |
Votes withheld |
|
1. Annual Report and audited financial statements |
39,584,633 |
99.99 |
3,374 |
0.01 |
39,588,007 |
32.63 |
31,178 |
|
2. Approve the Directors' Remuneration Report |
39,338,329 |
99.55 |
177,018 |
0.45 |
39,515,347 |
32.57 |
103,838 |
|
3. To elect Bulbul Barrett as a Director |
39,420,846 |
99.81 |
76,503 |
0.19 |
39,497,349 |
32.56 |
121,836 |
|
4. To re-elect Charles Park as a Director |
38,608,712 |
97.71 |
906,436 |
2.29 |
39,515,148 |
32.57 |
104,037 |
|
5. To re-elect Patrick Edwardson as a Director |
38,604,878 |
97.70 |
910,270 |
2.30 |
39,515,148 |
32.57 |
104,037 |
|
6. To re-elect Karyn Lamont as a Director |
38,579,088 |
97.63 |
936,060 |
2.37 |
39,515,148 |
32.57 |
104,037 |
|
7. To re-elect Susannah Nicklin as a Director |
38,598,292 |
97.63 |
935,057 |
2.37 |
39,533,349 |
32.59 |
85,836 |
|
8. To re-appoint PricewaterhouseCoopers LLP as statutory auditors |
39,432,887 |
99.82 |
71,274 |
0.18 |
39,504,161 |
32.56 |
115,024 |
|
9. Authorise the Audit Committee to determine the statutory auditor's remuneration |
39,494,973 |
99.93 |
27,740 |
0.07 |
39,522,713 |
32.58 |
96,472 |
|
10. Approve the Company's dividend policy |
39,538,293 |
100.00 |
- |
0.00 |
39,538,293 |
32.59 |
80,892 |
|
11. Authority to allot relevant securities |
39,472,985 |
99.84 |
64,272 |
0.16 |
39,537,257 |
32.59 |
81,928 |
|
12. *Authority to disapply pre-emption rights |
39,418,060 |
99.66 |
133,566 |
0.34 |
39,551,626 |
32.60 |
67,559 |
|
13. *Authority to repurchase ordinary shares |
39,486,198 |
99.81 |
76,691 |
0.19 |
39,562,889 |
32.61 |
56,296 |
|
14. *14 days' notice for a General Meeting |
39,459,800 |
99.72 |
111,577 |
0.28 |
39,571,377 |
32.62 |
47,808 |
* special resolution
The number of ordinary shares in issue at the date of this announcement is 126,923,569, of which 5,613,733 shares are held in treasury. As at the date of this announcement the Company's total voting rights therefore comprises 121,309,836 shares with one vote each.
A copy of the special business resolutions will be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Further to the announcement of 29 July 2024 appointing Winterflood Investment Trusts to continue to act as buy-back agent to effect market purchases at its absolute discretion and of on behalf the Company from 1 August 2024, the Board has ended this instruction with effect from today. Responsibility for day-to-day operation of buyback instructions passes to Janus Henderson, which aligns with the practice of other investment trust clients of Janus Henderson, although the Board retains ultimate responsibility for buy back decisions and the Company's discount management policy. Any shares repurchases will be made pursuant to the Company's general buy back authority approved at the Company's AGM today.
For further information, please call:
|
Janus Henderson Secretarial Services UK Limited Corporate Secretary to The North American Income Trust plc 020 7818 1818 |
|
Harriet Hall PR Director, Investment Trusts Janus Henderson Investors Telephone: 020 7818 2919 |
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