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LONDON - Henderson European Trust PLC (LSE:HET) announced Wednesday that shareholders have approved the company’s voluntary winding-up and combination with Fidelity European Trust PLC (LSE:FEV).
According to a press release statement, 70.96% of issued shares elected for the Rollover Option, which will be reclassified with "A" rights to receive New Fidelity European Trust shares. The remaining 29.04% of shares opted for the Cash Option, which will be reclassified with "B" rights to receive cash.
The Cash Option was limited to 33.3% of issued shares excluding treasury shares as of September 9, 2025. All shareholders who elected for the Cash Option will have their election satisfied in full, including any excess applications beyond their basic entitlement.
Shareholders who made no election were automatically defaulted to the Rollover Option under the terms of the scheme.
Applications have been submitted to the Financial Conduct Authority and London Stock Exchange for the shares to be reclassified for listing purposes effective September 25, 2025, at 8:00 a.m. Trading in the company’s reclassified shares is expected to be suspended at 7:30 a.m. on September 26, 2025.
The announcement follows the company’s circular to shareholders dated August 21, 2025, which outlined the details of the proposed scheme.
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