Henderson Opportunities Trust PLC Result of AGM (9355S)
15 March 2019 - 3:04AM
UK Regulatory
TIDMHOT
RNS Number : 9355S
Henderson Opportunities Trust PLC
14 March 2019
HENDERSON INVESTMENT FUNDS LIMITED
HENDERSON OPPORTUNITIES TRUST PLC
Legal Entity Identifier: 2138005D884NPGHFQS77
14 March 2019
HENDERSON OPPORTUNITIES TRUST PLC
Annual General Meeting held on Thursday 14 March 2019
Henderson Opportunities Trust plc announces that at the Annual
General Meeting held earlier today all resolutions proposed were
duly passed, 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
GBP197,529 (such amount being equivalent to 10% of the Company's
issued ordinary share capital (excluding treasury shares) as at
today's date); and
- market purchases of its own ordinary shares up to a maximum of
14.99% of the Company's issued ordinary share capital (excluding
treasury shares) (equivalent to 1,184,388 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 2020 Annual
General Meeting or within 15 months from 14 March 2019, 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.
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 James de Sausmarez
Fund Manager Director and Head of Investment
Henderson Opportunities Trust Trusts
plc Janus Henderson Investors
Telephone: 020 7818 4370 Telephone: 020 7818 3349
Laura Foll Laura Thomas
Fund Manager Investment Trust PR Manager
Henderson Opportunities Trust Janus Henderson Investors
plc Tel: 020 7818 2636
Telephone: 020 7818 6364
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
RAGSFFFMLFUSESD
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