HOT Henderson Opportunities Trust Plc

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

HENDERSON OPPORTUNITIES TRUST PLC

LEGAL ENTITY IDENTIFIER:  2138005D884NPGHFQS77

18 December 2024

HENDERSON OPPORTUNITIES TRUST PLC

Notice of Requisition of an EGM

The Board acknowledges the receipt of a requisition notice from Saba Capital Management, L.P., requesting the convening of a General Meeting to consider resolutions to remove the current directors and to appoint two new directors to the Board. 

The Board will convene the requisite meeting in accordance with the statutory timelines.  The Board does not believe these resolutions are in the best interests of shareholders and will be advising shareholders to vote against them.

Given the Company's performance and in light of the forthcoming continuation vote, the Board confirms that it had already instructed advisers to commence work on putting forward a scheme of reconstruction to give all shareholders choice between ongoing investment and a full cash exit.   The Board intends to continue with these plans and expects to be in a position to announce the detail in the short term. 

Accordingly, Shareholders are advised to take no action at this time.

Enquiries:

Janus Henderson Secretarial Services UK Limited

Corporate Secretary to Henderson Opportunities Trust plc

+44 (0)20 7818 1818

Dan Howe

Head of Investment Trusts, Janus Henderson Investors

+44 (0)20 7818 4458

J.P. Morgan Cazenove

Corporate Broker                

William Simmonds 

+44 (0)20 7742 4000

Edelman Smithfield

John Kiely/ Latika Shah
T: +44 (0)7785 275665 / +44 (0)7950 671 948