CT UK HIGH INCOME TRUST PLC

AGM Information • Jul 21, 2023

National Storage Mechanism | Additional information

RNS Number : 8115G

CT UK High Income Trust PLC

21 July 2023

To:                   RNS

From:              CT UK High Income Trust PLC

Date:               21 July 2023

LEI:                  213800B7D5D7RVZZPV45

Subject: Result of Annual General Meeting

CT UK High Income Trust PLC (the 'Company') announces that, at the Annual General Meeting held on 20 July 2023, a poll was held on each of the 13 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 £4,253 and new B shares of 0.1 pence each up to an aggregate nominal amount of £1,535 being approximately 5% of the Company's total issued Ordinary shares and approximately 5% of the Company's total issued B shares respectively (excluding shares held in treasury). 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 2024, 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 £4,253 and new B shares of 0.1 pence each up to an aggregate nominal amount of £1,535 being 4.2% of the Company's total issued Ordinary shares and 4.8% of the Company's total issued B shares respectively (including shares held in treasury) 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 2024, 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 12,752,300 Ordinary shares and 4,603,200 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 or on 30 September 2024, 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 £8,507 in respect of Ordinary shares and £3,070 in respect of B shares, representing approximately 8.3% of the Company's Ordinary share capital in issue and approximately 9.6% of the Company's B share capital in issue (including treasury shares).  This authority shall expire at the conclusion of the next Annual General Meeting of the Company or on 30 September 2024, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

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 Annual Report & Financial Statements for the year to 31 March 2023	27,417,242	99.77%	64,264	0.23%	58,566	27,481,506
2	Approve Directors' Remuneration Policy	26,529,377	97.52%	675,114	2.48%	335,581	27,204,491
3	Approve Directors' Remuneration Report for the year to 31 March 2023	26,483,426	97.33%	725,359	2.67%	331,287	27,208,785
4	To re-elect H M Galbraith as a Director	26,835,174	98.46%	420,428	1.54%	284,470	27,255,602
5	To re-elect S J Mitchell as a Director	26,828,775	98.54%	396,576	1.46%	314,721	27,225,351
6	To elect A W Pottinger as a Director	26,757,805	98.49%	411,557	1.51%	370,710	27,169,362
7	To re-elect A K Watkins as a Director	26,872,121	98.75%	339,651	1.25%	328,300	27,211,772
8	To re-appoint Deloitte LLP as Auditor and authority to determine its remuneration	26,808,976	98.18%	498,211	1.82%	232,885	27,307,187
9	Approval of the Company's dividend/capital repayment policy	27,271,529	99.72%	77,801	0.28%	190,742	27,349,330
10	Authorise the Directors to allot shares	27,105,536	99.16%	229,990	0.84%	204,546	27,335,526
11	Authority to allot shares without pre-emption rights	26,795,909	98.30%	462,278	1.70%	281,885	27,258,187
12	Authority to purchase own shares	26,974,724	98.79%	329,263	1.21%	236,085	27,303,987
13	Authority to sell treasury shares without pre-emption rights	26,860,354	98.64%	370,665	1.36%	309,053	27,231,019

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 2023, which was submitted to the National Storage Mechanism on 8 June 2023 and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website www.ctukhighincome.co.uk

At the time of the meeting the Company's issued share capital consists of 85,072,653 Ordinary shares carrying one vote each and 30,708,750 B shares carrying one vote each.  The Company holds 16,994,491 Ordinary shares and 1,367,953 B shares in treasury which do not carry voting rights. Therefore, the total voting rights in the Company were 115,781,403 votes.

For further information please contact:

Columbia Threadneedle Investment Business Limited                  0207 628 8000

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