European Opportunities Trust plc (the 'Company')
Legal Entity Identifier: 549300XN7RXQWHN18849
Result of Annual General Meeting
Following the Annual General Meeting ('AGM') of the Company held earlier today, the Board is pleased to announce that all ordinary and special resolutions put to shareholders were passed.
Details of the proxy votes cast will shortly be published on the Company's web site at www.europeanopportunities.com.
In accordance with Listing Rule 9.6.2, a copy of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The Board welcomes the passing of all resolutions, while acknowledging that significant votes, ranging between 15% and 25% of the issued share capital, were cast against the Directors' Remuneration Policy, the Directors' Remuneration Report, the re-elections of Directors and the Company's continuation as an investment trust. Accordingly, in accordance with paragraph 5.2.4 of the AIC Code of Corporate Governance, the Board will consult with shareholders in order to understand the reasons behind the result. An update on the views received from shareholders and actions taken will be published no later than six months after today's date.
The Board has instructed its advisers to commence preparations for the 25% tender offer announced on 6 November 2023 and will provide a further update as soon as practicable.
Final dividend of 3.5p
Resolution 4 at the AGM proposed the payment of a final dividend of 3.5p per ordinary share in respect of the financial year ended 31 May 2023. The dividend was approved and will be paid on 27 November 2023 to those shareholders on the Register of Members at close of business on 3 November 2023. The ex-dividend date was 2 November 2023.
Retirement of Virginia Holmes as a Director
Virginia Holmes retired as a Director of the Company at the conclusion of the AGM. The Board wish to thank Virginia for her invaluable contribution as a Director and, since June 2022, as Senior Independent Director to the Company during her term in office.
The Rt Hon Lord Lamont of Lerwick has been appointed as Senior Independent Director with immediate effect.
Monthly newsletter
Please use the following link to be added to the distribution list for the Company's monthly newsletter and factsheet: http://eepurl.com/gViVGD
For further information, please contact:
| Company Secretaries Richard Pavry / Charles Bilger | enquiries@devonem.com +44 (0)20 3985 0445 |
| Singer Capital Markets - Corporate broker Robert Peel / Angus Campbell (Investment Banking) Alan Geeves / James Waterlow / Sam Greatrex (Sales) |
+44 (0)20 7496 3000 |
| Buchanan Communications - PR Adviser Henry Wilson Helen Tarbet George Beale | eot@buchanancomms.co.uk +44 (0)7788 528143 +44 (0)7872 604453 +44 (0)7450 295099 |
15 November 2023
www.europeanopportunities.com
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