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LONDON - Shareholders of CQS Natural Resources Growth and Income PLC (LSE:CYN) voted to approve all resolutions at the company’s General Meeting held on Wednesday, according to a statement based on a press release from the firm.
The approved measures include authorization for the company to make market purchases of its shares through a tender offer to eligible shareholders, which passed with 99.34% support. Shareholders also backed a proposal to reduce the frequency of continuation votes from annual to biennial, with the next vote scheduled for 2028.
Christopher Casey, Chairman of CQS Natural Resources Growth and Income, said shareholders’ approval supports the board’s future plans for the company.
"As a Board of Directors, we believe that the value enhancing initiatives, as set out in the Circular to shareholders dated 28 May 2025, and with the support of its investment manager, put the Company in a strong position for future growth," Casey stated.
The tender offer will provide shareholders the option to either maintain their investment in the company or exit for cash.
The company noted that proxy advisor agencies ISS and PIRC had recommended shareholders vote in favor of both resolutions.
Out of 64,157,838 total voting rights in the company, votes representing approximately 39.35% of total voting rights were cast on the first resolution, while 39.32% were cast on the second resolution.
The full text of the resolutions has been submitted to the National Storage Mechanism and will be filed at Companies House, according to the company statement.
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