From the AGM results announcement for Henderson Opportunities:
While the board is pleased to see the 75.82% support for the continuation of the company from the shareholders who voted, it acknowledges the proportion of the vote against resolution 11 (the continuation vote). The board also notes that only 26.56% of total voting rights were cast (excluding votes withheld) in relation to this resolution. [So the actual percentage of shares in the company that were voted against continuation was 6.4%]
The board also acknowledges that whilst resolutions 12 (permission to issue shares) and 13 (permission to disapply pre-emption rights) were passed, votes against of 21.93% and 22.72% respectively were received.
The board, together with its advisers and the investment manager, will now assess the votes cast and engage with shareholders, as appropriate, to determine whether any further action is required. In line with the UK Corporate Governance Code, it will provide an update within 6 months of the AGM.
[This looks much worse than it is. For us, the real surprise is how few people bothered to vote on such an important resolution. There could have been a real upset here which would have wrongfooted most shareholders. Voting is important!]
HOT : Surprise largish vote against Henderson Opportunities continuation