25th Jun 2025 16:24
25 June 2025
CQS Natural Resources Growth and Income PLC
(the "Company")
Result of General Meeting
The Board is pleased to announce that, at the General Meeting of the Company held on Wednesday, 25 June 2025, all Resolutions detailed below were duly passed by shareholders on a poll.
Christopher Casey, Chairman of CQS Natural Resources Growth and Income PLC, commented:
"I am pleased that shareholders have voted in favour of the resolutions put to the General Meeting held today and are thereby in support of the Board's proposals for the Company's future.
As a Board of Directors, we believe that the value enhancing initiatives, as set out in the Circular to shareholders dated 28 May 2025, and with the support of its investment manager, put the Company in a strong position for future growth. The Board is also pleased to be able to offer shareholders a free choice between remaining invested in the Company and/or exiting for cash through the Tender Offer.
We were also pleased to receive support of proxy advisor agencies, ISS and PIRC, who recommended that shareholders vote in favour of both resolutions."
Resolutions | Votes For | Votes Against
| Total Votes Cast | Votes Withheld | |||
Number | % of votes cast | Number | % of votes cast | Number | % of total voting rights | Number | |
1#. THAT, the Company be authorised to make market purchases of its Shares pursuant to the Tender Offer to all Eligible Shareholders in the Company (subject to the conditions set out in the Circular).
| 25,077,530 | 99.34% | 167,424 | 0.66% | 25,244,954 | 39.35% | 13,889 |
2. THAT, subject to the passing of Resolution 1 above and completion of the Tender Offer, the Company move from proposing a continuation vote at every annual general meeting of the Company to proposing a continuation vote at its annual general meeting every two years, with the next continuation vote to be proposed at the annual general meeting of the Company in 2028 in respect of the financial year ending 30 June 2028.
| 25,051,157 | 99.31% | 173,049 | 0.69% | 25,224,206 | 39.32% | 34,637 |
Notes:
# - Special Resolution
Any proxy votes which are at the discretion of the Chair have been included in the "Votes For" total. Please note a vote "Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against" a resolution.
As at the date of the General Meeting, the total number of voting rights in the Company was 64,157,838.
The full text of the Resolutions can be found in the Notice of General Meeting contained within the Circular. The Circular is available for viewing at the National Storage Mechanism and can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism, on the Company's website (https://ncim.co.uk/cqs-natural-resources-growth-and-income-plc/) and microsite (https://cynprotectyourinvestment.com/).
In accordance with UK Listing Rule 6.4.2 and UK Listing Rule 6.4.3, the full text of the resolutions passed has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The resolutions will additionally be filed at Companies House.
For further information, please contact:
CQS Natural Resources Growth and Income PLC Christopher Casey, Chairman | (c/o Tavistock Communications) |
Cavendish, Corporate Broker Robert Peel, Hamish Kennett, Andrew Worne | +44 20 7908 6000 |
Frostrow Capital LLP, Company Secretary Tasmin Arthurton | +44 203 709 2408 |
Tavistock, Public Relations Jos Simson, Gareth Tredway, Tara Vivian-Neal | +44 20 7920 3150 |
Capitalised terms not otherwise defined in this announcement have the meaning given to them in the Circular published by the Company on 28 May 2025.
This announcement is released by the Company and the information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Article 7 of the UK version of the EU Market Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of the Company is Frostrow Capital LLP, the Company Secretary.
Saba Capital Management, L.P.'s latest publicly disclosed holding (as at 2 January 2025) was 18.6 million Shares, representing 29.07% of the Company's total voting rights.
Related Shares:
CQS Natural Resources Growth & Income