22 Mar 2022 14:14
STANDARD LIFE PRIVATE EQUITY TRUST PLC
Legal Entity Identifier (LEI): 2138004MK7VPTZ99EV13
22 March 2022
Result of Annual General Meeting
Standard Life Private Equity Trust plc announces that, at the Annual General Meeting held today, all resolutions were duly passed on a show of hands. The proxy votes received in respect of the resolutions proposed at the meeting are shown in the table below:
For and Discretionary | Against | Votes | Total Votes | |||
Resolution Number | No. of Votes | % of Votes Cast | No. of Votes | % of Votes Cast | Withheld | (excluding Votes Withheld) |
1. Receive the Annual Report and Financial Statements | 109,488,763 | 100.00% | 2,363 | 0.00% | 11,772 | 109,491,126 |
2. Approve the Directors' Remuneration Policy | 109,312,494 | 99.88% | 132,091 | 0.12% | 58,312 | 109,444,585 |
3. Approve the Directors' Remuneration Report | 109,324,664 | 99.88% | 127,247 | 0.12% | 50,987 | 109,451,911 |
4. Approve the Dividend Policy | 109,481,736 | 100.00% | 594 | 0.00% | 20,569 | 109,482,330 |
5. Elect Mr Agble | 109,395,324 | 99.95% | 58,922 | 0.05% | 48,652 | 109,454,246 |
6. Re-elect Mr Devine | 109,415,160 | 99.97% | 37,878 | 0.03% | 49,859 | 109,453,038 |
7. Re-elect Ms Seymour-Williams | 109,413,746 | 99.96% | 39,264 | 0.04% | 49,888 | 109,453,010 |
8. Elect Ms Stillhart | 109,392,701 | 99.94% | 61,604 | 0.06% | 48,592 | 109,454,305 |
9. Re-elect Mr Thomson | 109,335,703 | 99.90% | 109,054 | 0.10% | 58,141 | 109,444,757 |
10. Re-appoint BDO LLP as Auditor | 109,423,966 | 99.96% | 47,023 | 0.04% | 31,909 | 109,470,989 |
11. Remuneration of the Auditor | 109,455,206 | 99.99% | 11,544 | 0.01% | 30,681 | 109,466,750 |
12. Allotment of new equity | 109,412,632 | 99.93% | 72,318 | 0.07% | 17,947 | 109,484,950 |
13. Disapply pre-emption rights | 109,345,572 | 99.89% | 119,847 | 0.11% | 37,479 | 109,465,419 |
14. Authorise market purchases of ordinary shares | 107,295,750 | 98.00% | 2,191,188 | 2.00% | 15,959 | 109,486,938 |
15. Approve holding meetings on less than 14 days' notice | 109,227,395 | 99.76% | 260,590 | 0.24% | 14,913 | 109,487,985 |
16. Change the Company's name to abrdn Private Equity Opportunities Trust plc | 109,071,964 | 99.63% | 410,252 | 0.37% | 20,682 | 109,482,216 |
As previously announced, Christina McComb retired from the Board and as Chair of the Company at the conclusion of the AGM. Alan Devine succeeded Ms McComb as Chair and Calum Thomson was appointed as the Senior Independent Director.
In relation to Resolution 16, to change the name of the Company to "abrdn Private Equity Opportunities Trust plc", the Company will submit the appropriate documentation to Companies House and anticipates that the change of name will be effective within the next few days. A further announcement will be made by the Company at that time.
The Manager's presentation is available on the Company's website.
The full text of the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Financial Statements for the year ended 30 September 2021, as previously submitted to the National Storage Mechanism.
Under listing rule 9.6.2 a copy of the resolutions has been submitted to the National Storage Mechanism, and will shortly be made available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
*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 Standard Life Private Equity Trust plc
Aberdeen Asset Management PLC
Company Secretary
22 March 2022