CT UK HIGH INCOME TRUST PLC

AGM Information • Jul 21, 2022

National Storage Mechanism | Additional information

RNS Number : 3154T

CT UK High Income Trust PLC

21 July 2022

To:                   RNS

From:              CT UK High Income Trust PLC

Date:               21 July 2022

LEI:                  213800B7D5D7RVZZPV45

Subject: Result of Annual General Meeting

CT UK High Income Trust PLC (the 'Company') (previously called BMO UK High Income Trust PLC) announces that, at the Annual General Meeting held on 20 July 2022, 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 £4,258 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 2023, 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 £4,258 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 2023, 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 12,767,300 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 2023, 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 £8,517 in respect of Ordinary shares and £3,070 in respect of B shares, representing approximately 8.3 per cent of the Company's Ordinary share capital in issue and approximately 9.6 per cent 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 2023, whichever is the earlier, unless previously varied, revoked or renewed by the Company in general meeting.

·    A special resolution to adopt new Articles of Association.

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 2022	17,999,101	99.61%	69,956	0.39%	132,114	18,069,057
2	Approve Directors' Remuneration Report for the year to 31 March 2022	16,767,703	94.76%	926,940	5.24%	506,532	17,694,643
3	To re-elect H M Galbraith as a Director	17,308,155	97.86%	378,977	2.14%	514,047	17,687,132
4	To re-elect S J Mitchell as a Director	17,312,023	98.00%	353,879	2.00%	535,273	17,665,902
5	To re-elect A K Watkins as a Director	17,291,855	97.88%	374,047	2.12%	535,273	17,665,902
6	To re-appoint Deloitte LLP as Auditor and authority to determine its remuneration	17,454,850	97.33%	479,630	2.67%	266,696	17,934,480
7	Approval of the Company's dividend/capital repayment policy	17,968,093	99.58%	75,020	0.42%	158,062	18,043,113
8	Authorise the Directors to allot shares	17,434,818	98.35%	291,908	1.65%	474,449	17,726,726
9	Authority to allot shares without pre-emption rights	17,123,225	97.02%	525,696	2.98%	552,254	17,648,921
10	Authorise the Company to purchase own shares	17,524,000	98.53%	262,197	1.47%	414,973	17,786,197
11	Authority to sell treasury shares without pre-emption rights	17,189,292	97.39%	461,046	2.61%	550,836	17,650,338
12	That the Company continues in existence	17,566,508	97.45%	458,790	2.55%	175,873	18,025,298
13	Approval of new Articles of Association	17,226,483	96.57%	612,490	3.43%	362,202	17,838,973

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 BMO UK High Income Trust PLC for the year ended 31 March 2022, which was submitted to the National Storage Mechanism on 9 June 2022 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 85,172,653 Ordinary shares carrying one vote each and 30,708,750 B shares carrying one vote each.  The Company holds 16,894,491 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 115,881,403 votes.

For further information please contact:

Columbia Threadneedle Investment Business Limited                  0207 628 8000

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