Board Changes and Result of AGM
Updated : 16:31
10 December 2024
CQS Natural Resources Growth and Income PLC
(the "Company")
Board Changes and Result of Annual General Meeting
The Board announces that Mrs Helen Green retired as Chair and non-executive director and Mr Alun Evans retired as non-executive director at the conclusion of the Annual General Meeting. Mr Christopher Casey has succeeded Mrs Green as Chair of the Board, Mrs Seema Paterson has succeeded Mr Casey as Chair of the Audit Committee and Ms Cable has succeeded Mr Evans as Chair of the Management Engagement Committee with immediate effect.
The Board is pleased to announce that at the Annual General Meeting of the Company held on Tuesday, 10 December 2024, all resolutions as detailed below were duly passed by shareholders on a poll.
Resolutions | Votes For | % | Votes Against | % | Total Votes Cast | Votes Withheld |
1. To receive the Annual Report and Financial Statements for the year ended 30 June 2024. | 5,215,277 | 99.95% | 2,753 | 0.05% | 5,218,030 | 1,346,223 |
2. To approve the Company's Dividend Policy. | 5,228,924 | 99.95% | 2,753 | 0.05% | 5,231,677 | 1,332,576 |
3. To approve the Directors' Remuneration Report for the year ended 30 June 2024. | 5,026,197 | 98.25% | 89,757 | 1.75% | 5,115,954 | 1,448,299 |
4. To approve the Directors' Remuneration Policy for the year ended 30 June 2024. | 5,019,962 | 98.28% | 87,952 | 1.72% | 5,107,914 | 1,456,339 |
5. To elect Louise Hall as a Director of the Company. | 5,158,777 | 99.55% | 23,130 | 0.45% | 5,181,907 | 1,382,346 |
6. To elect Seema Paterson as a Director of the Company. | 5,122,174 | 98.95% | 54,151 | 1.05% | 5,176,325 | 1,387,928 |
7. To re-elect Carole Cable, who retires annually, as a Director of the Company. | 5,115,303 | 99.06% | 48,321 | 0.94% | 5,163,624 | 1,400,629 |
8. To re-elect Paul Cahill, who retires annually, as a Director of the Company. | 5,113,413 | 99.03% | 50,211 | 0.97% | 5,163,624 | 1,400,629 |
9. To re-elect Christopher Casey, who retires annually, as a Director of the Company. | 5,141,297 | 99.22% | 40,610 | 0.78% | 5,181,907 | 1,382,346 |
10. To re-appoint BDO LLP as Independent Auditor of the Company. | 5,133,536 | 99.06% | 48,804 | 0.94% | 5,182,340 | 1,381,913 |
11. To authorise the Audit Committee to determine the remuneration of the Independent Auditor. | 5,220,128 | 99.93% | 3,438 | 0.07% | 5,223,566 | 1,340,687 |
12. That the Company continues as an investment trust pursuant to the undertaking given by the Board in 2003. | 6,526,598 | 99.45% | 36,160 | 0.55% | 6,562,758 | 1,495 |
13. To authorise the Directors to allot securities in the Company. | 5,131,319 | 98.21% | 93,482 | 1.79% | 5,224,801 | 1,339,452 |
14#. To disapply the rights of pre-emption in relation to the allotment of securities. | 5,001,932 | 95.73% | 222,869 | 4.27% | 5,224,801 | 1,339,452 |
15#. To authorise the Company to make market purchases of Ordinary shares in the Company. | 5,142,988 | 98.73% | 66,025 | 1.27% | 5,209,013 | 1,355,240 |
16#. That the Directors be permitted to call General Meetings (excluding the AGM) on not less than 14 clear days' notice. | 5,065,296 | 98.19% | 93,613 | 1.81% | 5,158,909 | 1,405,344 |
# - Special Resolution
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.
Notes:
Any proxy votes which are at the discretion of the Chair have been included in the "for" total. A vote withheld is not a vote in law and is not counted in the votes for or against a resolution.
As at the date of the Annual 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 Annual General Meeting, which is available for viewing at the National Storage Mechanism and can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website, https://ncim.co.uk/cqs-natural-resources-growth-and-income-plc/.
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. Resolutions 12 to 16 will additionally be filed at Companies House.
Terms not otherwise defined in this announcement have the meaning given to them in the Notice of Meeting.
For further information, please contact:
Frostrow Capital LLP Eleanor Cranmer, Company Secretary | +44 (0)203 008 4613 |
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