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UK Investment Trusts

Henderson Opportunities Trust plc

Members' voluntary liquidation of Henderson Opportunities Trust plc

Following the passing of the special resolutions of the Company’s members on 14 March 2025, the scheme of reconstruction offering shareholders a cash exit or to roll over their investment to the Janus Henderson UK Equity Income & Growth Fund became effective and the Company was placed into members’ voluntary liquidation under the provisions of the Insolvency Act 1986.
Read the RNS announcement

Derek Hyslop and Richard Barker of Ernst & Young LLP, both licensed insolvency practitioners, have been appointed as joint liquidators for this purpose.

All enquiries should be directed to the joint liquidators at:
The Joint Liquidators
Henderson Opportunities Trust plc (In Members’ Voluntary Liquidation)
Ernst & Young LLP
1 More London Place
London    SE1 2AF
United Kingdom
Telephone:  + 44 (0)131 460 2388
Email:  HOT@parthenon.ey.com

FAQs

  • The Board proposed a scheme of reconstruction offering shareholders the choice of rolling over their investment in a vehicle which offers a similar strategy or a cash exit. Under the proposals, shareholders were offered, in respect of the whole or part of their shareholding in HOT:

    • a roll-over of their investment at residual net asset value into the Janus Henderson UK Equity Income & Growth Fund (‘the OEIC Sub-Fund’), receiving either I Class OEIC shares (available to corporate investors, i.e. companies, corporate nominees, custodian banks, fund supermarkets and fund platforms) or E Class OEIC shares (available to individual investors who hold their shares directly and where no bundled commission payments are made); or
    • to receive their entitlement upon the winding up of the Company in cash (‘the cash option’).

    Shareholders approved the scheme of reconstruction at the general meeting held on 21 February 2025 and the Company was placed into members’ voluntary liquidation, and the scheme became effective, on 14 March 2025.

  • Two interim dividends were declared prior to the liquidation: a fourth interim dividend in respect of the financial year to 31 October 2024 of 2.6 pence per share and a first interim dividend in respect of the quarter from 1 November 2024 to 31 January 2025 in the amount of 1.5 pence per share. These dividends were paid on 11 March 2025 to shareholders on the register of members at the close of business on 21 February 2025. The shares traded ex-dividend on 20 February 2025.

  • Shareholders with a registered address, or those generally resident, outside of the UK, or who were otherwise untraceable, and who took no action, automatically received the cash option. Any cash entitlements not paid out to untraceable shareholders are held by the liquidators (see above for the liquidators’ contact details, email: HOT@parthenon.ey.com).

    UK shareholders who took no action were automatically rolled over to the Janus Henderson UK Equity Income & Growth Fund. These shareholders were issued either I Class OEIC shares or E Class OEIC shares. A welcome letter has been sent to all shareholders detailing the number of Janus Henderson UK Equity Income & Growth Fund shares received, their account number and new contact details. Shareholders will also receive an account statement twice a year in August and February.

  • Payments to shareholders electing for the cash exit were made during the week commencing 17 March 2025. For questions relating to the receipt of your cash, contact the liquidators at: HOT@parthenon.ey.com

  • Shareholders holding their new OEIC Sub-Fund shares through a nominee account or share dealing platform such as Hargreaves Lansdown, AJ Bell, Interactive Investor, Halifax Share Dealing and similar, should contact their nominee or share dealing platform.

    Shareholders formerly holding their shares directly on the HOT register of members should contact the OEIC Sub-Fund administrator on 0800 832 832 or on support@janushenderson.com. Welcome letters to the new OEIC Sub-Fund shareholders were sent during the week commencing 17 March 2025. The letter set out the number of OEIC Sub-Fund shares each shareholder received, along with their new account number and contact details for the OEIC Sub-Fund administrator which replaces the HOT registrar.

  • Shareholders rolling over to the Janus Henderson UK Equity Income & Growth Fund will have received either:

    • I Class OEIC Shares which are available to corporate investors, i.e. companies, corporate nominees, custodian banks, fund supermarkets and fund platforms; or
    • E Class OEIC shares which are available to individual investors who hold their shares directly and where no bundled commission payments are made.

Documents

Disclaimer

Please read all scheme documents before investing. Before entering into an investment agreement in respect of an investment referred to in this document, you should consult your own professional and/or investment adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Tax assumptions and reliefs depend upon an investor’s particular circumstances and may change if those circumstances or the law change. If you invest through a third party provider you are advised to consult them directly as charges, performance and terms and conditions may differ materially. Nothing in this document is intended to or should be construed as advice. This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. Any investment application will be made solely on the basis of the information contained in the OEIC prospectus (including all relevant covering documents), which will contain investment restrictions. This document is intended as a summary only and potential investors must read the OEIC prospectus, and where relevant, the key investor information document before investing.

This communication is issued and has been prepared by Henderson Opportunities Trust PLC and is distributed by Janus Henderson Fund Management UK Limited (reg. no. 2678531 at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial Conduct Authority) on behalf of the Company for information purposes only. The information on the links provided relates to shareholder resolutions of Henderson Opportunities Trust PLC, and is subject to the terms set out therein. You should not access the links above if you are resident in a jurisdiction where access to them is restricted under securities law. If you are in any doubt about this communication, the information on the links or the action you should take, you should seek your own financial advice from an authorised independent financial adviser.

 

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