16 July 2024
ASHOKA WHITEOAK EMERGING MARKETS TRUST
PLC (the
"Company")
Result
of 2024 Annual General Meeting (the "AGM")
Ashoka
WhiteOak Emerging Markets Trust plc announces that at the Company's
2024 AGM held today, all resolutions were passed by way of a poll
and the results of the poll are set out below.
Resolutions
1 to 10 (inclusive) were proposed as ordinary resolutions and
resolutions 11 to 13 (inclusive) were proposed as special
resolutions.
|
Resolution
|
Votes
For*
|
%
|
Votes
Against
|
%
|
Total
votes validly cast
|
Total
votes cast as % of issued share capital
|
Vote
Withheld **
|
|
1
|
Receive
and adopt the Annual Report and Financial Statements for the period
ended 31 March 2024
|
17,368,996
|
100.00
|
0
|
0.00
|
17,368,996
|
52.90%
|
0
|
|
2
|
Approve
Directors' Remuneration Report
|
17,368,996
|
100.00
|
0
|
0.00
|
17,368,996
|
52.90%
|
0
|
|
3
|
Approve
Directors' Remuneration Policy
|
17,368,996
|
100.00
|
0
|
0.00
|
17,368,996
|
52.90%
|
0
|
|
4
|
Appointment
of external auditor
|
17,366,996
|
100.00
|
0
|
0.00
|
17,366,996
|
52.90%
|
2,000
|
|
5
|
Authorise
the Directors to determine the auditor's remuneration
|
17,366,996
|
100.00
|
0
|
0.00
|
17,366,996
|
52.90%
|
2,000
|
|
6
|
Elect
Martin Shenfield as a Director
|
17,368,996
|
100.00
|
0
|
0.00
|
17,368,996
|
52.90%
|
0
|
|
7
|
Elect
Howard Pearce as a Director
|
17,368,996
|
100.00
|
0
|
0.00
|
17,368,996
|
52.90%
|
0
|
|
8
|
Elect
Tanit Curry as a Director
|
17,366,996
|
100.00
|
0
|
0.00
|
17,366,996
|
52.90%
|
2,000
|
|
9
|
Approval
of Dividend Policy
|
17,366,996
|
100.00
|
0
|
0.00
|
17,366,996
|
52.90%
|
2,000
|
|
10
|
To
authorise the allotment of Ordinary shares
|
17,366,996
|
100.00
|
0
|
0.00
|
17,366,996
|
52.90%
|
2,000
|
|
11
|
To
authorise the disapplication of statutory pre-emption
rights
|
17,007,308
|
99.97
|
4,688
|
0.03
|
17,011,996
|
51.82%
|
357,000
|
|
12
|
To
authorise the Company to make market purchases of its own Ordinary
shares
|
17,368,996
|
100.00
|
0
|
0.00
|
17,368,996
|
52.90%
|
0
|
|
13
|
That a
general meeting (other than an Annual General Meeting) may be
called on not less than 14 clear days' notice
|
17,366,996
|
99.99
|
2,000
|
0.01
|
17,368,996
|
52.90%
|
0
|
* Includes
discretionary votes
** A vote
withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.
For
further information, please contact:
|
Company
Secretary
AWEMT.Cosec@jtcgroup.com
|
+44 20
7409 0181
|
|
WhiteOak
Capital Partners Pte Ltd
Prashant
Khemka
Fadrique
Balmaseda
Lim Wen
Loong
Ben
Hayward
|
Via
Buchanan
|
|
Ellora
Partners
Mark
Thompson
Eddie
Nissen
Oliver
Kenyon
|
+44 (0) 20
7016 6711
+44 (0) 20
7016 6713
+44 (0) 20
7016 6704
|
|
Buchanan
|
|
|
Henry
Harrison-Topham
Henry
Wilson
George
Beale
Samuel
Adams
|
+44 (0) 20
7466 5000
AWEM@buchanancomms.co.uk
|
LEI: 254900Z4X5Y7NTODRI75
Notes:
Every
shareholder has one vote for every Ordinary Share held. As at
6.00 p.m. (UK time) on 12
July 2024,
the share capital of the Company consisted of 32,831,795 Ordinary
Shares with voting rights. The Company does not hold any shares in
Treasury.
In
accordance with Listing Rule 9.6.2 copies of all the resolutions
passed, other than ordinary business, will be submitted to the
National Storage Mechanism and will shortly be available for
inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
About Ashoka
WhiteOak Emerging Markets Trust plc
Ashoka
WhiteOak Emerging Markets Trust plc (AWEMT) is a UK investment
trust seeking to achieve long-term capital appreciation primarily
through investing in a multi-cap portfolio of equities that provide
exposure to global emerging markets. Advised by White Oak Capital
Partners Pte. Ltd, founded by Prashant
Khemka with leading Emerging Markets investment experience.
White Oak Capital Group has delivered an exceptional track record
for its other strategies, and has £5.9 billion in assets under
management or advisory1.
Analytical approach integral to disciplined research process
underpinned by proprietary frameworks OpcoFinco™ for
valuation and ABLExTM for
ESG research. The team at WhiteOak believes that emerging
markets present potential for higher alpha. EM markets remain
under-researched and inefficient. AWEM leverages WhiteOak's
investment approach to capture the higher alpha potential in these
markets. No fixed management fee. Manager remuneration is aligned
with alpha generation and hence shareholders' interest. The
Investment Manager is remunerated solely as a function of
outperformance over the benchmark.
1 Data
as at 30th
June 2024. AUM data refers
to aggregate assets under management or investment advisory for
White Oak Group.