24 Jan 2018 13:28
HENDERSON INVESTMENT FUNDS LIMITED
HENDERSON ALTERNATIVE STRATEGIES TRUST PLC
Legal Entity Identifier: 213800J6LLOCA3CUDF69
24 January 2018
HENDERSON ALTERNATIVE STRATEGIES TRUST PLC
Annual General Meeting held on Wednesday 24 January 2018
Henderson Alternative Strategies Trust plc announces that at the Annual General Meeting held earlier today, all resolutions were duly passed on a show of hands. This included three Special Resolutions authorising:
- the allotment of ordinary shares for cash on a non-pre-emptive basis up to a nominal value of £483,480 (equivalent to 5% of the issued ordinary share capital at today's date);
- market purchases of the Company's ordinary shares up to a maximum of 14.99% of the issued ordinary share capital (equivalent to 5,797,927 ordinary shares as at today's date) at the maximum price per share (exclusive of expenses) not exceeding the higher of: i) 105% of the average middle market quotations for the five business days preceding the date of purchase; and ii) the higher of the last independent bid and the highest current independent bid on the London Stock Exchange;
- That a General Meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice.
Continuation Vote
The Board is very pleased with the continuing support shown by over 76% of our voting shareholders to approve the Resolution for Continuation of the Company. The Board does not however take such support for granted and will seek to look for continuing performance from our repositioned portfolio and to increase the net asset value of the Company from where it is today.
Prior to the holding of the AGM today, the Board engaged with a number of shareholders to discuss their concerns. Such discussions are continuing to ensure the Board has as wide an understanding as possible of the issues which are of interest to the Company's shareholder base. The Company notes that some shareholders have declined to support the continuation vote. Whilst acknowledging this, the Board believes that the Company has made substantial progress in repositioning itself since Janus Henderson became Investment Manager in 2013 and is well-placed now to answer investors' aspirations. However, we recognise that the improvement in returns must continue to be sustained to satisfy all our shareholders.
The full text of all the resolutions can be found in the Notice of Meeting, which is available for viewing at www.morningstar.co.uk/uk/nsm.
For further information please contact:
Ian Barrass James de Sausmarez
Fund Manager Director and Head of Investment Trusts
Henderson Alternative Strategies Trust plc Janus Henderson Investors
Telephone: 020 7818 2964 Telephone: 020 7818 3349
James de Bunsen
Fund Manager
Henderson Alternative Strategies Trust plc
Telephone: 020 7818 3869