REG - Shires Income PLC - Result of First General Meeting and Class Meeting

Shires IncomeAnnouncement

09/03/2026 15:00

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RNS Number : 9184V  Shires Income PLC  09 March 2026

9 March 2026

 

Shires Income PLC

Legal Entity Identifier: 549300HVCIHNQNZAYA89

Result of First General Meeting and Class Meeting of Ordinary Shareholders

In connection with the proposals for a combination of Shires Income PLC
("SHRS" or the "Company") with Aberdeen Equity Income Trust plc ("AEI") by way
of a scheme of reconstruction of the Company under Section 110 of the
Insolvency Act 1986 (the "Scheme"), the Company is pleased to announce the
result of the First General Meeting and the Ordinary Shareholders' Class
Meeting.

Result of First General Meeting

The Company announces the special resolutions, which were put forward at the
First General Meeting held today, have been approved by Shareholders. Details
of the number of votes for, against and withheld in respect of the
resolutions, which were held on a poll, are set out below.

 First General Meeting Special Resolutions                                      Votes For (including Discretionary)  %      Votes Against  %     Votes Total  Votes Withheld(1)
 1.  To amend the Company's Articles regarding class meetings which are         5,485,897                            97.56  137,024        2.44  5,622,921    102,714
 adjourned for lack of quorum with effect from the passing of the Resolution.
 2. To reclassify the share capital of the Company and further amend the        5,479,374                            97.28  153,103        2.72  5,632,477    93,158
 articles of association of the Company.
 3. To approve the Scheme and further amend the articles of association of the  5,468,609                            97.28  153,103        2.72  5,621,712    103,923
 Company, subject to certain conditions being satisfied.

 

1.   A 'vote withheld' is not a vote in law and has not been counted in the
calculation of the proportion of votes for and against the resolutions.

Result of Ordinary Shareholders' Class Meeting

The Company further announces that the special resolution put forward at the
Ordinary Shareholders' Class Meeting held today has been approved by Ordinary
Shareholders. Details of the number of votes for, against and withheld in
respect of the resolution, which was held on a poll, are set out below:

 Ordinary Shareholders'                                                         Votes For (including Discretionary)  %      Votes Against  %     Votes Total  Votes Withheld(2)

 Class Meeting

 Special Resolution
 To sanction and consent to the passing of resolutions 2 and 3 at the First     5,499,161                            97.37  148,439        2.63  5,647,600
 General Meeting, and any and all variations or abrogations of the rights and

 privileges attached to the Ordinary Shares as a result of the passing and
 carrying into effect of such resolutions.

                                                                                                                                                              114,696

 

2.   A 'vote withheld' is not a vote in law and has not been counted in the
calculation of the proportion of votes for and against the resolution.

The Ordinary Shares will be disabled for settlement in CREST from 6.00 p.m. on
9 March 2025, and trading in the Ordinary Shares will be suspended from 7.30
a.m. on 10 March 2025. Following the reclassification of the Ordinary Shares
at 8.00 a.m. on 16 March 2025, the Reclassified Shares will be suspended from
listing at 7.30 a.m. on 17 March 2025.

As previously announced, Preference Shareholders will not be entitled to
participate in the Scheme, and will instead receive their entitlements in cash
in accordance with the provisions of the Company's Articles of Association
applicable to a winding-up of the Company (being the principal amount of the
Preference Shares outstanding plus accrued interest up to the date of the
winding-up).

The full text of the special resolutions of the First General Meeting and the
special resolution of the Ordinary Shareholders' Class Meeting, are set out in
the Notice of First General Meeting and the Notice of Ordinary Shareholders'
Class Meeting, respectively, and are contained in the Company's circular to
Shareholders dated 11 February 2026 (the "Circular").

The Circular is available for viewing on the Company's website,
www.shiresincome.co.uk (http://www.shiresincome.co.uk) and at the National
Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) . A copy of the
resolutions will be published on the Company's website and submitted to the
National Storage Mechanism, and will shortly be available for viewing at the
same web addresses set out above.

Unless otherwise defined, all capitalised terms used but not defined in this
announcement shall have the meaning given to them in the Circular.

 

For further information please contact:

 Shires Income plc            Contact via AFML

 Robin Archibald

 abrdn Fund Managers Limited

 Karen Drayton                +44 (0) 7827 984796

 Ben Heatley                  +44 (0) 7796 564 562

 

General

The content of the Company's web-pages and the content of any website or pages
which may be accessed through hyperlinks on the Company's web-pages, other
than the content of the document referred to above, is neither incorporated
into nor forms part of the above announcement.

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