28th Jul 2025 17:00
To: RNS
From: CT UK High Income Trust PLC
Date: 28 July 2025
LEI: 213800B7D5D7RVZZPV45
Information disclosed in accordance with UKLR 6.4.13
Subject: Result of Annual General Meeting
CT UK High Income Trust PLC (the 'Company') announces that, at the Annual General Meeting held on 28 July 2025, a poll was held on each of the 14 resolutions proposed and all were duly passed, including those detailed below:
· An ordinary resolution renewing the Directors' authority to allot new Ordinary shares of 0.1 pence each up to an aggregate nominal amount of £8,547 (which equates to 8,547,000 Ordinary shares) and allot new B shares of 0.1 pence each up to an aggregate nominal amount of £1,522 (which equates to 1,522,000 B shares), being approximately 10.0% of the Company's total issued Ordinary shares (excluding shares held in treasury) and approximately 5.0% of the Company's total issued B shares respectively (excluding shares held in treasury) as at 29 May 2025. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on 30 September 2026, whichever is earlier, unless previously revoked, varied or extended by the Company in general meeting.
· A special resolution renewing the Directors' authority to allot new Ordinary shares of 0.1 pence each up to an aggregate nominal amount of £8,547 (which equates to 8,547,000 Ordinary shares) and allot new B shares of 0.1 pence each up to an aggregate nominal amount of £1,522 (which equates to 1,522,000 B shares) being approximately 8.4% of the Company's total issued Ordinary shares (including shares held in treasury) and approximately 4.7% of the Company's total issued B shares respectively (including shares held in treasury) as at 29 May 2025, for cash without first offering such shares to existing shareholders pro rata to their existing holdings. This authority will expire at the conclusion of the Company's next Annual General Meeting to be held after the passing of this resolution or on 30 September 2026, whichever is earlier unless previously varied, revoked or renewed by the Company in general meeting.
· A special resolution renewing the Directors' authority to make market purchases of up to 12,812,300 Ordinary shares and 4,565,700 B shares being approximately 14.99% of the issued Ordinary shares and 14.99% of the issued B shares (excluding Ordinary shares and B shares held in treasury). This authority will expire at the conclusion of the Company's next Annual General Meeting held after the passing of this resolution or on 30 September 2026, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.
· A special resolution renewing the Directors' authority to sell shares from treasury without having first to make a pro rata offer to existing shareholders limited up to an aggregate nominal amount of £8,547 in respect of Ordinary shares and £3,045 in respect of B shares, representing approximately 8.4% of the Company's Ordinary share capital in issue (including treasury shares) and approximately 9.5% of the Company's B share capital in issue (including treasury shares) as at 29 May 2025. This authority shall expire at the conclusion of the next Annual General Meeting of the Company held after the passing of this resolution or on 30 September 2026, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.
· An ordinary resolution that the aggregate limit, contained within the Company's articles of association for directors' fees, that the directors may be paid be increased from £175,000 per annum to £200,000 per annum.
The results of the poll were as follows:
For and Discretionary | Against | Withheld | Total Votes (excluding Votes Withheld) | ||||
| Resolution | No of Votes | % of Votes Cast | No of Votes | % of Votes Cast | No of Votes |
|
1 | Receive and adopt the Annual Report & Financial Statements for the year ended 31 March 2025 | 71,068,327 | 99.99 | 6,253 | 0.01 | 605,278 | 71,074,580 |
2 | Approve Directors' Remuneration Report for the year ended 31 March 2025 | 64,719,973 | 95.84 | 2,808,950 | 4.16 | 4,150,935 | 67,528,923 |
3 | To re-elect H M Galbraith as a Director | 66,663,267 | 96.48 | 2,430,063 | 3.52 | 2,586,528 | 69,093,330 |
4 | To re-elect S J Mitchell as a Director | 66,051,373 | 95.60 | 3,041,957 | 4.40 | 2,586,528 | 69,093,330 |
5 | To re-elect A W Pottinger as a Director | 66,973,377 | 96.93 | 2,122,167 | 3.07 | 2,584,314 | 69,095,544 |
6 | To re-elect A K Watkins as a Director | 66,316,241 | 95.95 | 2,796,018 | 4.05 | 2,567,599 | 69,112,259 |
7 | To re-appoint Deloitte LLP as Auditor | 66,165,851 | 94.56 | 3,803,148 | 5.44 | 1,710,859 | 69,968,999 |
8 | To authorise the Directors to determine the remuneration of the Auditor | 69,229,251 | 99.25 | 525,650 | 0.75 | 1,924,957 | 69,754,901 |
9 | Approval of the Company's dividend/capital repayment policy | 69,032,057 | 99.61 | 273,043 | 0.39 | 2,374,758 | 69,305,100 |
10 | Authorise the Directors to allot shares | 68,235,248 | 98.87 | 776,585 | 1.13 | 2,668,025 | 69,011,833 |
11 | Authority to allot shares without pre-emption rights | 66,265,320 | 95.99 | 2,770,795 | 4.01 | 2,643,743 | 69,036,115 |
12 | Authority to purchase own shares | 66,922,332 | 96.64 | 2,325,549 | 3.36 | 2,431,977 | 69,247,881 |
13 | Authority to sell treasury shares without pre-emption rights | 65,824,899 | 96.01 | 2,737,987 | 3.99 | 3,116,972 | 68,562,886 |
14 | That the aggregate limit, in the Company's Articles for directors' fees, be increased to £200,000 p.a. | 58,175,264 | 88.93 | 7,242,415 | 11.07 | 6,262,179 | 65,417,679 |
The full text of all the resolutions can be found in the Notice of Annual General Meeting set out in the Annual Report and Financial Statements of CT UK High Income Trust PLC for the year ended 31 March 2025, which was submitted to the National Storage Mechanism on 5 June 2025 and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website www.ctukhighincome.co.uk A copy of the poll results will also be available on the Company's website.
At the time of the meeting the Company's issued share capital consisted of 85,472,653 Ordinary shares carrying one vote each and 30,458,750 B shares carrying one vote each. The Company holds 16,594,491 Ordinary shares and 1,617,953 B shares in treasury which do not carry voting rights. Therefore, the total voting rights in the Company were 115,931,403 votes.
For further information please contact:
Columbia Threadneedle Investment Business Limited 0131 573 8300
Related Shares:
Ct Uk HighCt Uk High B