Annual report: Period Ended 31 December 2012 - Invesco Perpetual

58 City Merchants High Yield Trust Limited
THIS NOTICE OF ANNUAL GENERAL MEETING IS IMPORTANT AND REQUIRES YOUR
IMMEDIATE ATTENTION. If you are in any doubt as to what action to take, you should consult
your stockbroker, solicitor, accountant or other appropriate independent professional adviser
authorised under the Financial Services and Markets Act 2000. If you have sold or otherwise
transferred all your shares in City Merchants High Yield Trust Limited, please forward this
document and accompanying form of Proxy to the person through whom the sale or transfer was
effected, for transmission to the purchase or transferee.
NOTICE OF ANNUAL GENERAL MEETING
NOTICE IS GIVEN that the Annual General Meeting (AGM) of City Merchants High Yield Trust
Limited (the Company) will be held at 10.30 am on 13 June 2013 at R&H Fund Services (Jersey)
Limited, Ordnance House, 31 Pier Road, St Helier, Jersey, JE4 8PW, for the following purposes:
Ordinary Business
1. To receive the Annual Financial Report, including the financial statements and Auditor’s Report
for the period ended 31 December 2012.
2. To elect Mr Clive Nicholson a Director of the Company.
3. To elect Mr Philip Austin a Director of the Company.
4. To elect Mr John Boothman a Director of the Compnay.
5. To elect Ms Winifred Robbins a Director of the Company.
6. To elect Mr Philip Taylor a Director of the Company.
7. To reappoint the Auditor, Ernst & Young LLP, and authorise the Directors to determine their
remuneration.
Special Business
To consider and if thought fit, to pass the following resolutions, of which resolution 8 will be
proposed as an ordinary resolution and resolutions 9 to 11 will be proposed as special resolutions:
8. THAT, in accordance with Article 158 of the Company’s Articles of Association, the Directors of
the Company be and they are hereby released from their obligation pursuant to such Article to
convene a general meeting of the Company within six months of the AGM at which a special
resolution would be proposed to wind up the Company.
9. THAT, pursuant to Article 14.1 of the Company’s Articles of Association, the Directors be and
are hereby empowered to issue shares, up to 10% of the existing shares in issue at the time of
the AGM, without pre-emption.
10. THAT, pursuant to Article 8.2 of the Company’s Articles of Association and Article 57 of the
Companies (Jersey) Law 1991 as amended (the Law), the Company be generally and
unconditionally authorised:
(a)
to make purchases of its issued ordinary shares of no par value (Shares) to be cancelled or
held as treasury shares provided that:
(i)
the maximum number of Shares hereby authorised to be purchased shall be 14.99% of
the Company’s issued ordinary shares, this being 72,786,327 on the date of this notice;
(ii) the minimum price which may be paid for a Share is 1p;