25 October 2023
ASIA DRAGON TRUST PLC
Legal Entity Identifier: 549300W4KB0D75D1N730
Result of General Meeting
The Board of Asia Dragon Trust plc (the "Company") is pleased to announce that the following resolutions were approved by the Company's shareholders at the general meeting of the Company held today: (i) the ordinary resolution relating to the issue of New Shares in connection with the proposed combination of the assets of the Company with the assets of abrdn New Dawn Investment Trust plc ("New Dawn"); (ii) the ordinary resolution relating to the adoption of the New Investment Policy; and (iii) the special resolution relating to the adoption of amended articles of association.
The Issue remains conditional upon, amongst other things, the passing of the resolution to be proposed at the Second New Dawn General Meeting to be held on 8 November 2023.
Details of the number of proxy votes cast for, against and withheld in respect of the resolutions, which were voted on by way of poll, are set out below and will also be published on the Company's website: www.asiadragontrust.co.uk.
| Resolution | Votes For (including Discretionary) | % | Votes Against | % | Votes Total | % Issued Share Capital | Votes Withheld |
| Authority to allot New Shares in connection with the Issue | 85,677,340 | 99.93% | 58,936 | 0.07% | 85,736,276 | 75.93% | 30,521 |
| Adoption of the New Investment Policy | 85,676,081 | 99.93% | 61,573 | 0.07% | 85,737,654 | 75.93% | 29,143 |
| Adoption of amended articles of association | 85,687,831 | 99.95% | 43,235 | 0.05% | 85,731,066 | 75.92% | 35,732 |
The full text of the resolutions can be found in the notice of General Meeting contained in the Company's circular to Shareholders dated 22 September 2023 (the "Circular"). The Circular is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at www.asiadragontrust.co.uk.
In accordance with Listing Rule 9.6.2R, a copy of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for viewing 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 aFML |
| abrdn Fund Managers Limited | |
| William Hemmings | +44 (0) 20 7463 6223 |
| Stephanie Hocking | +44 (0) 7514 064 988 |
| Winterflood Securities Limited | +44 (0) 20 3100 0000
|
| Neil Langford | |
| Phoebe Pankhurst | |
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