abrdn European Logistics Income plc (LSE: ASLI) (the "Company" or "ASLI")
LEI: 213800I9IYIKKNRT3G50
24 June 2024
RESULT OF ANNUAL GENERAL MEETING
At the Annual General Meeting of the Company held on 24 June 2024, in accordance with the Board's recommendation, Resolutions 1 to 12 contained in the Notice of Meeting were duly passed and Resolution 13, the continuation of the Company, was not passed, with all voting having been conducted on a poll.
Following the AGM, the Board of Directors is pleased to note that shareholders have followed the Board's guidance in voting against the Continuation resolution. This allows the Company to move forward with the recently announced plan to place the Company into managed wind-down. The Company expects to issue a circular in the coming weeks which will provide details of a general meeting to be held which will seek shareholder approval for the required change to the Company's investment objective and policy in advance of the commencement of the managed wind-down process.
The total number of proxy votes lodged was as follows:
| | | | | | | | |
| RES NO. | VOTES FOR | % | VOTES AGAINST | % | VOTES TOTAL | % ISC | VOTES WITHHELD |
| 1 | 212,000,000 | 99.96 | 91,364 | 0.04 | 212,091,364 | 51.46% | 142,561 |
| 2 | 211,604,889 | 99.76 | 515,313 | 0.24 | 212,120,202 | 51.46% | 113,723 |
| 3 | 211,983,524 | 99.94 | 125,250 | 0.06 | 212,108,774 | 51.46% | 125,151 |
| 4 | 206,057,977 | 97.17 | 6,006,082 | 2.83 | 212,064,059 | 51.45% | 169,866 |
| 5 | 207,601,832 | 97.90 | 4,462,227 | 2.10 | 212,064,059 | 51.45% | 169,866 |
| 6 | 205,575,752 | 96.94 | 6,492,056 | 3.06 | 212,067,808 | 51.45% | 166,117 |
| 7 | 211,811,452 | 99.87 | 267,187 | 0.13 | 212,078,639 | 51.45% | 155,286 |
| 8 | 211,909,769 | 99.92 | 169,486 | 0.08 | 212,079,255 | 51.45% | 154,670 |
| 9 | 209,022,660 | 98.55 | 3,077,504 | 1.45 | 212,100,164 | 51.46% | 133,761 |
| 10 | 210,034,196 | 99.03 | 2,053,968 | 0.97 | 212,088,164 | 51.46% | 145,761 |
| 11 | 208,814,680 | 98.43 | 3,325,830 | 1.57 | 212,140,510 | 51.47% | 93,415 |
| 12 | 207,164,070 | 97.65 | 4,975,515 | 2.35 | 212,139,585 | 51.47% | 94,340 |
| 13 | 11,262,986 | 5.31 | 200,850,180 | 94.69 | 212,113,166 | 51.46% | 120,759 |
In relation to Resolution 10 (disapplication of pre-emption rights), 10% of the issued share capital amounts to 41,217,436 Ordinary shares and in relation to Resolution 11 (authority to purchase shares) 14.99% of the issued share capital as at today's date amounts to 61,784,936 Ordinary shares.
PASSING OF RESOLUTIONS UNDER SPECIAL BUSINESS
The full text of the resolutions can be found in the Notice of Meeting set out in the Annual Report and Financial Statements for the year ended 31 December 2023, copies of which are available on the Company's website, eurologisticsincome.co.uk*. Copies of the special resolutions will shortly be available for inspection at the National Storage Mechanism ("NSM"): https://data.fca.org.uk/#/nsm/nationalstoragemechanism *.
* Neither the Company's website nor the NSM 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.
abrdn Holdings Limited
Company Secretary
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