5 Feb 2021 12:08
ABERDEEN STANDARD EQUITY INCOME TRUST PLC
Legal Entity Identifier (LEI): 21380015XPT7BZISSQ74
5 February 2021
Result of Annual General Meeting
Aberdeen Standard Equity Income Trust plc (the "Company") hereby gives notification that, at the Annual General Meeting of the Company held earlier today, Friday 5 February 2021, all the Resolutions as set out in full in the Notice of Meeting included within the Annual Report and available on the Company's website, www.aberdeenstandardequityincometrust.co.uk * were duly passed.
As set out in the Company's Annual Report to 30 September 2020, Mr Burns retired from the Board immediately following the Annual General Meeting and was succeeded by Mr White as Chairman.
Mr White said "The Board wishes to thank Mr Burns for his service to the Board as a Director since 2006, and as Chairman since 2014. During Mr Burns' tenure the Company's annual dividend has more than doubled from 9.5 pence per share paid in 2006 to the 20.6 pence per share paid last year."
Ms Hitch will succeed Mr White as Chair of the Remuneration and Management Engagement Committee with immediate effect.
The total number of proxy votes lodged for the Annual General Meeting were as follows:
For and Discretionary | Against | Votes | Total Votes | |||
Resolution | No. of | % of | No. of | % of | Withheld | (excluding Votes Withheld) |
Number | Votes | Votes Cast | Votes | Votes Cast | ||
1. Receive Report & Accounts | 7,804,442 | 99.95 | 4,152 | 0.05 | 13,282 | 7,808,594 |
2. Approve Directors' Remuneration Report | 7,657,980 | 98.28 | 134,380 | 1.72 | 29,515 | 7,792,360 |
3. Approve Dividend Policy | 7,789,013 | 99.81 | 14,760 | 0.19 | 18,103 | 7,803,773 |
4. Re-elect Ms C.M. Hitch | 7,720,623 | 99.37 | 48,737 | 0.63 | 52,516 | 7,769,360 |
5. Re-elect Ms S. Patel | 7,729,668 | 99.33 | 52,337 | 0.67 | 39,871 | 7,782,005 |
6. Re-elect Mr J. J. Tigue | 7,728,366 | 99.31 | 53,639 | 0.69 | 39,871 | 7,782,005 |
7. Re-elect Mr M.B.E White | 6,792,578 | 87.29 | 989,426 | 12.71 | 39,871 | 7,782,004 |
8. Re-appoint KPMG LLP as Auditor | 7,716,756 | 99.34 | 51,595 | 0.66 | 53,525 | 7,768,351 |
9. Remuneration of the Auditor | 7,778,482 | 99.61 | 30,749 | 0.39 | 12,645 | 7,809,231 |
10. Allotment of new equity | 7,737,017 | 99.33 | 52,221 | 0.67 | 32,638 | 7,789,238 |
11. Disapply pre-emption rights | 7,629,965 | 98.46 | 119,562 | 1.54 | 72,348 | 7,749,527 |
12. Authorise market purchases of ordinary shares | 7,707,496 | 99.28 | 56,128 | 0.72 | 58,251 | 7,763,624 |
13. Notice of General Meeting | 7,701,972 | 99.08 | 71,693 | 0.92 | 48,211 | 7,773,665 |
14. Adoption of new Articles of Association | 7,668,989 | 99.03 | 75,433 | 0.97 | 77,454 | 7,744,422 |
A copy of the AGM resolutions which require to be lodged with the UKLA have been submitted to the National StorageMechanism (NSM) and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism*
As shareholders were restricted from attending the Annual General Meeting, given the ongoing restrictions arising from the Covid-19 pandemic, a Presentation from the Manager will shortly be published on the Company's website.
*Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.
For Aberdeen Standard Equity Income Trust plc
Aberdeen Asset Management PLC
Company Secretary
5 February 2021
Tel: 0131 372 2200