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LONDON - European Assets Trust PLC (LSE:EAT) announced Friday that shareholders have approved the company’s proposed combination with The European Smaller Companies Trust PLC through a scheme of reconstruction and voluntary winding up.
At a First General Meeting held Friday, shareholders passed two special resolutions with over 96% approval. The first resolution authorized the reclassification of shares in the company’s capital as shares with "A" rights and shares with "B" rights, along with required changes to the company’s articles of association. The second resolution approved the scheme itself and further amendments to the articles, subject to certain conditions.
The company reported that 27.12% of the total voting rights participated in the first resolution, with 94,283,844 votes in favor and 3,369,200 against. For the second resolution, 27.17% of voting rights were exercised, with 94,441,839 votes supporting the measure and 3,384,972 opposing it.
Following the shareholder approval, European Assets Trust shares will be disabled for settlement in CREST from 6:00 p.m. on October 8, with trading suspended from 7:30 a.m. on October 9. After reclassification of the ordinary shares on October 14, the reclassified shares will be suspended from listing at 7:30 a.m. on October 15.
The full details of the special resolutions were included in the company’s circular to shareholders dated September 9, 2025, which is available on the company’s website and at the National Storage Mechanism.
This information was provided in a press release issued by European Assets Trust PLC.
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