Ashoka WhiteOak Emerging Markets Trust Plc - Result of AGM

16 July 2024 ASHOKA WHITEOAK EMERGING MARKETS TRUST PLC (the "Company") Result of 2024 Annual General Meeting (the "AGM") Ashoka WhiteOak Emerging Markets Trust plc announces that at the Company's 2024 AGM held today, all resolutions were passed by way of a poll and the results of the poll are set out below. Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and resolutions 11 to 13 (inclusive) were proposed as special resolutions. +--+--------------+----------+------+-------+----+----------+----------+------- -+ |Resolution |Votes For*|% |Votes |% |Total |Total |Vote | | | | |Against| |votes |votes cast|Withheld| | | | | | |validly |as % |** | | | | | | |cast |of issued | | | | | | | | |share | | | | | | | | |capital | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |1 |Receive and |17,368,996|100.00|0 |0.00|17,368,996|52.90% |0 | | |adopt the | | | | | | | | | |Annual Report | | | | | | | | | |and Financial | | | | | | | | | |Statements for| | | | | | | | | |the period | | | | | | | | | |ended 31 March| | | | | | | | | |2024 | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |2 |Approve |17,368,996|100.00|0 |0.00|17,368,996|52.90% |0 | | |Directors' | | | | | | | | | |Remuneration | | | | | | | | | |Report | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |3 |Approve |17,368,996|100.00|0 |0.00|17,368,996|52.90% |0 | | |Directors' | | | | | | | | | |Remuneration | | | | | | | | | |Policy | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |4 |Appointment of|17,366,996|100.00|0 |0.00|17,366,996|52.90% |2,000 | | |external | | | | | | | | | |auditor | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |5 |Authorise the |17,366,996|100.00|0 |0.00|17,366,996|52.90% |2,000 | | |Directors to | | | | | | | | | |determine the | | | | | | | | | |auditor's | | | | | | | | | |remuneration | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |6 |Elect Martin |17,368,996|100.00|0 |0.00|17,368,996|52.90% |0 | | |Shenfield as a| | | | | | | | | |Director | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |7 |Elect Howard |17,368,996|100.00|0 |0.00|17,368,996|52.90% |0 | | |Pearce as a | | | | | | | | | |Director | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |8 |Elect Tanit |17,366,996|100.00|0 |0.00|17,366,996|52.90% |2,000 | | |Curry as a | | | | | | | | | |Director | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |9 |Approval of |17,366,996|100.00|0 |0.00|17,366,996|52.90% |2,000 | | |Dividend | | | | | | | | | |Policy | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |10|To authorise |17,366,996|100.00|0 |0.00|17,366,996|52.90% |2,000 | | |the allotment | | | | | | | | | |of Ordinary | | | | | | | | | |shares | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |11|To authorise |17,007,308|99.97 |4,688 |0.03|17,011,996|51.82% |357,000 | | |the | | | | | | | | | |disapplication| | | | | | | | | |of statutory | | | | | | | | | |pre-emption | | | | | | | | | |rights | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |12|To authorise |17,368,996|100.00|0 |0.00|17,368,996|52.90% |0 | | |the Company to| | | | | | | | | |make market | | | | | | | | | |purchases of | | | | | | | | | |its own | | | | | | | | | |Ordinary | | | | | | | | | |shares | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ |13|That a general|17,366,996|99.99 |2,000 |0.01|17,368,996|52.90% |0 | | |meeting (other| | | | | | | | | |than an Annual| | | | | | | | | |General | | | | | | | | | |Meeting) may | | | | | | | | | |be called on | | | | | | | | | |not less than | | | | | | | | | |14 clear days'| | | | | | | | | |notice | | | | | | | | +--+--------------+----------+------+-------+----+----------+----------+------- -+ * Includes discretionary votes ** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution. For further information, please contact: +---------------------------------+------------------------+ |Company Secretary |+44 20 7409 0181 | | | | |AWEMT.Cosec@jtcgroup.com | | +---------------------------------+------------------------+ |WhiteOak Capital Partners Pte Ltd|Via Buchanan | | | | |Prashant Khemka | | | | | |Fadrique Balmaseda | | | | | |Lim Wen Loong | | | | | |Ben Hayward | | +---------------------------------+------------------------+ |Ellora Partners |+44 (0) 20 7016 6711 | | | | |Mark Thompson |+44 (0) 20 7016 6713 | | | | |Eddie Nissen |+44 (0) 20 7016 6704 | | | | |Oliver Kenyon | | +---------------------------------+------------------------+ |Buchanan | | +---------------------------------+------------------------+ |Henry Harrison-Topham |+44 (0) 20 7466 5000 | | | | |Henry Wilson |AWEM@buchanancomms.co.uk| | | | |George Beale | | | | | |Samuel Adams | | +---------------------------------+------------------------+ LEI: 254900Z4X5Y7NTODRI75 Notes: Every shareholder has one vote for every Ordinary Share held. As at 6.00 p.m. (UK time) on 12 July2024, the share capital of the Company consisted of 32,831,795 Ordinary Shares with voting rights. The Company does not hold any shares in Treasury. In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. AboutAshoka WhiteOak Emerging Markets Trust plc Ashoka WhiteOak Emerging Markets Trust plc (AWEMT) is a UK investment trust seeking to achieve long-term capital appreciation primarily through investing in a multi-cap portfolio of equities that provide exposure to global emerging markets. Advised by White Oak Capital Partners Pte. Ltd, founded by Prashant Khemka with leading Emerging Markets investment experience. White Oak Capital Group has delivered an exceptional track record for its other strategies, and has £5.9 billion in assets under management or advisory1. Analytical approach integral to disciplined research process underpinned by proprietary frameworks OpcoFinco(TM)for valuation and ABLExTMfor ESG research. The team at WhiteOak believes thatemerging markets present potential for higher alpha. EM markets remain under-researched and inefficient. AWEM leverages WhiteOak's investment approach to capture the higher alpha potential in these markets. No fixed management fee. Manager remuneration is aligned with alpha generation and hence shareholders' interest. The Investment Manager is remunerated solely as a function of outperformance over the benchmark. 1Data as at 30th June 2024. AUM datarefers to aggregate assets under management or investment advisory for White Oak Group. 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