Aberforth Geared Income Trust plc
Result of General Meeting
The Board of Aberforth Geared Income Trust plc ("AGIT") hereby report that the
special resolution proposed at the General Meeting (the "meeting") held on 15
June 2017 was passed by Shareholders on a show of hands.
A total of 53.9 million proxy votes were received, representing 49.2% of the
109.5 million Ordinary shares in issue, in respect of the resolution at the
meeting. Of the proxy votes cast in favour or against the resolution proposed
at the meeting, over 99% were cast in favour of the resolution.
The table below shows the result of the proxy voting:
Special Resolution In Favour Against Total Votes Withheld
To approve the 53,863,353 63,333 53,926,686 166,713
reclassification of the
shares in the capital
of the Company as
shares with "A" rights,
shares with "B" rights,
shares with "C" rights,
shares with "D" rights
and shares with "E"
rights, to approve
changes required to the
Company's articles of
association, to approve
the scheme of
reconstruction and
winding up of the
Company (the "Scheme")
and to implement the
Scheme.
It should be noted that despite the passing of the resolution, the Scheme
remains conditional on:
1. the passing of the First Resolution to be proposed at the Second Meeting
and on any conditions of such resolution being satisfied;
2. the UK Listing Authority amending the listing of the Company's Shares to
reflect their reclassification as Reclassified Shares;
3. the satisfaction of the Admission Condition;
4. the minimum share subscription amount of 80 million ASLIT Ordinary Shares
and 20 million ASLIT ZDP Shares being received by ASLIT pursuant to the
Scheme and/or the ASLIT Placing and Offer; and
5. the Directors not having resolved to abandon the Scheme or exercised their
right, in accordance with paragraph 15.2 of Part 4 of the Circular not to
proceed with the Scheme.
Terms used in this announcement shall have the same meaning as set out in the
circular sent to Shareholders on 19 May 2017.
Gary Tait
Aberforth Partners LLP, Secretaries
0131 220 0733
15 June 2017