NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN, NEW
ZEALAND AND THE REPUBLIC OF SOUTH
AFRICA.
This
announcement is not an offer to sell, or a solicitation of an offer
to acquire, securities in the United
States or in any other jurisdiction in which the same would
be unlawful. Neither
this announcement, nor any part of it, shall form the basis of, or
be relied upon in connection with, or act as an inducement to enter
into, any contract or commitment whatsoever.
20 June 2024
Aberforth
Split Level Income Trust plc
Legal
Entity Identifier:
21380013QYWO82NZV529
Result
of First General Meeting
In
connection with the proposals for the voluntary winding up of
Aberforth Split Level Income Trust plc (the "Company"
or "ASLIT") and
combination with Aberforth
Geared Value & Income Trust plc ("AGVIT")
by way of a scheme of reconstruction of the Company under section
110 of the Insolvency Act 1986 (the "Scheme"),
the Company is pleased to announce the result of the First General
Meeting.
The
Company announces that the special resolution proposed at the First
General Meeting held today has been passed by Shareholders.
Details
of the number of votes cast for, against and withheld in respect of
the resolution, which was held on a poll, is set out below and will
also be published on the Company's website
https://www.aberforth.co.uk/trusts-and-funds/aberforth-split-level-income-trust-plc.
|
Special Resolution
|
Votes For (including Discretionary)
|
%
|
Votes Against
|
%
|
Votes Total
|
% Issued Share Capital represented by Votes
Total1
|
Votes Withheld2
|
|
To approve (i) the Scheme; (ii) the reclassification of the
Company's shares; (iii) the changes required to be made to the
Company's articles of association in order to implement the Scheme;
and (iv) the granting of certain powers to the proposed
liquidators.
|
102,532,360
|
99.87
|
128,980
|
0.13
|
102,661,340
|
53.96
|
2,256
|
-
Only
Ordinary Shareholders were entitled to vote on this
resolution. The
number of Ordinary Shares in issue as at the voting record time of
6.30 p.m. (London time) on 18 June
2024 (the "Voting Record Time") was 190,250,000.
As
at that date no Ordinary Shares were held in treasury.
Therefore,
the total number of voting rights in the Company as at the Voting
Record Time was 190,250,000.
-
A
"vote withheld" is not a vote in law and will not be counted in the
calculation of the proportion of the votes for and against the
resolution.
In
accordance with the Scheme, the Shares will be disabled for
settlement in CREST from 6.00 p.m. on
21 June 2024 and trading will be
suspended from 7.30 a.m. on
24 June 2024. Following
the reclassification of the Shares and admission of the
Reclassified Shares to the London Stock Exchange on 27 June 2024, the Reclassified Shares will be
suspended from listing at 7.30 a.m.
on 28 June 2024.
The full
text of the special resolution proposed at the First General
Meeting is set out in the Notice of First General Meeting contained
in the Company's circular to Shareholders dated 28 May 2024 (the "Circular").
The
Circular is available for viewing on the Company's website
at https://www.aberforth.co.uk/trusts-and-funds/aberforth-geared-value-income-trust-plc
and at the
National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Defined
terms used in this announcement have the meanings given in the
Circular unless the context otherwise requires.
For
further information please contact:
|
Aberforth
Partners LLP
Euan
Macdonald
Peter
Shaw
|
+44 (0)
131 220 0733
|
|
J.P.
Morgan Cazenove (JPMC)
William
Simmonds
Rupert
Budge
|
+44 (0)
203 493 8000
|