4 February
2025
Asia Dragon Trust plc
Legal
Entity Identifier: 549300W4KB0D75D1N730
Results of First General
Meeting
In connection with the proposals for
the voluntary winding-up of Asia Dragon Trust plc ("Asia Dragon" or the "Company") and combination with Invesco
Asia Trust plc ("Invesco
Asia" or "IAT") 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 results of the First General Meeting.
The Company announces the
resolutions proposed at the First General Meeting held today, have
been approved by Shareholders. Details of the number of votes
cast for, against and withheld in respect of the resolutions, which
were both held on a poll, is set out below and will also be
published on the Company's website https://www.abrdn.com/en-gb/dgn
|
RES.
NO.
|
VOTES FOR (INCLUDING
DISCRETIONARY)
|
%
|
VOTES
AGAINST
|
%
|
VOTES TOTAL
|
% ISC REPRESENTED BY TOTAL
VOTES CAST(1)
|
VOTES
WITHHELD(2)
|
|
1
|
105,941,744
|
99.90
|
105,135
|
0.10
|
106,046,879
|
67.88
|
32,585
|
|
2
|
105,961,726
|
99.92
|
88,478
|
0.08
|
106,050,204
|
67.88
|
29,260
|
1. The
number of Ordinary Shares in issue as at the voting record time of
6.00 p.m. (London time) on 31 January 2025 (the "Voting Record Time") was 156,225,283.
As at that date 56,282,064
Ordinary Shares were held in treasury. Therefore,
the total number of voting rights in the Company as at the Voting
Record Time was 156,225,283.
2. 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 a
resolution.
On 9 January 2025
the Board announced that, subject to the passing
of the Resolutions proposed at the First General Meeting, a
pre-liquidation interim dividend of 2.5 pence
per Ordinary Share would be paid to Shareholders
(on the register as at close of business on 17 January
2025) on 5 February 2025.
This condition has been satisfied.
The Ordinary Shares will be disabled
for settlement in CREST from 6:00 p.m. on 5 February 2025 and
trading will be suspended from 7.30 a.m. on 6 February 2025.
Following the reclassification of the Ordinary Shares on 12
February 2025, the Reclassified Shares will be suspended from
listing at 7.30 a.m. on 13 February 2025.
The full text of the Resolutions are
set out in the Notice of First General Meeting, contained in the
Company's circular to Shareholders dated 18 December 2024 (the
"Circular"). The Circular
is available for viewing on the Company's
website, https://www.abrdn.com/en-gb/dgn
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:
|
Asia Dragon
Trust plc
James Will
|
Contact via Winterflood
|
|
Winterflood
Securities Limited
Neil Langford
Sophia Bechev
|
+44 (0) 20 3100 0000
|
Important
Information
This announcement is not for publication or
distribution, directly or indirectly, in or into the United States
of America. This announcement is not an offer of securities for
sale into the United States. The securities referred to herein have
not been and will not be registered under the U.S. Securities Act
of 1933, as amended, and may not be offered or sold in the United
States, except pursuant to an applicable exemption from
registration. No public offering of securities is being made
in the United States.
