abrdn European Logistics Income plc

AGM Information • Jun 24, 2024

National Storage Mechanism | Additional information

RNS Number : 6371T

abrdn European Logistics Income plc

24 June 2024

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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