Result of EGM (4690X)

TIDMCPE

RNS Number : 4690X

Charter European Trust plc

15 February 2012

CHARTER EUROPEAN TRUST PLC

RESULT OF GENERAL MEETING

15 February 2012

Charter European Trust plc (the "Company") refers to its circular (the "Circular") to shareholders dated 26 January 2012 which contained detailed proposals for the reconstruction and winding up of the Company and which convened a first general meeting held earlier today (the "First General Meeting").

At the First General Meeting resolutions were put to shareholders to approve, inter alia, the terms of the Scheme as set out in the Circular, to amend the Company's articles of association to give effect to the Scheme and to authorise the Liquidators to enter into and give effect to the Transfer Agreement with the rollover vehicle, BlackRock Greater Europe Investment Trust plc ("BRGE") to distribute BRGE Ordinary Shares and BRGE Subscription Shares to Eligible Shareholders in accordance with the Scheme, to purchase the interests of any dissentients to the Scheme and to cancel the listing of the Company's shares with effect from 25 February 2013 (or, in the event that the liquidation is concluded within one year of the Winding-up Date, such earlier date as the Liquidator shall determine) (the "Resolutions").

All the Resolutions put to Shareholders were passed.

The proxy votes received on the Resolutions were as follows:

Resolution 1 (to amend the Articles of Association)

   Votes for *:                        11,023,672 Ordinary Shares (92.61%) 
   Votes against:                   880,289 Ordinary Shares (7.39%) 
   Votes withheld**:          5,343 Ordinary Shares

Resolution 2 (to approve the Scheme, subject to the passing of Resolution 1 and the passing at a general meeting on 24 February 2012 of a resolution for the voluntary winding-up of the Company and the appointment of Liquidators)

   Votes for *:                        11,009,311 Ordinary Shares (92.57%) 
   Votes against:                   883,285 Ordinary Shares (7.43%) 
   Votes withheld**:          16,708 Ordinary Shares

Resolution 3 (to approve the cancellation of the Company's ordinary shares on the Official List and to trading on the London Stock Exchange, subject to the passing of Resolutions 1 and 2 and the passing at a general meeting on 24 February 2012 of a resolution for the voluntary winding-up of the Company and the appointment of Liquidators)

   Votes for *:                        11,010,265 Ordinary Shares (92.68%) 
   Votes against:                   869,837 Ordinary Shares (7.32%) 
   Votes withheld**:          29,202 Ordinary Shares 
   *              The "Votes for" include those votes giving the Chairman discretion.

** A "Vote withheld" is not a vote in law and is not counted in the calculation of the votes for or against the resolution.

Copies of the Resolutions have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.hemscott.com/nsm.do.

Suspension of Ordinary Shares

It is expected that the listing of the Company's ordinary shares of 1p each will be suspended at 7.30 a.m. on 24 February 2012.

The Scheme remains conditional on the passing of the special resolution which will be proposed at the Second General Meeting of the Company to be held at 10.00 a.m. on 24 February 2012.

Capitalised terms shall have the meanings given to them in the Circular unless otherwise defined.

Contacts:

Peter Ingram (Company Secretary) 020 7065 1467

Collins Stewart Europe Limited 020 7523 8000

Andrew Zychowski

Lucy Lewis

Collins Stewart Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as adviser to Charter European Trust plc and is acting for no-one else in connection with the contents of this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Collins Stewart Europe Limited nor for providing advice in connection with the contents of this announcement or any other matter referred to herein. Collins Stewart Europe Limited is not responsible for the contents of this announcement. This does not exclude or limit any responsibilities which Collins Stewart Europe Limited may have under the Financial Services and Markets Act 2000 or the regulatory regime established thereunder.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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