Result of AGM

RNS Number : 1864J

Advance Developing Markets Fund Ltd

01 April 2015

 



Advance Developing Markets Fund Limited

Result of Annual General Meeting

The Board of Advance Developing Markets Fund Limited (the "Company") is pleased to announce that at the Company's Annual General Meeting held earlier today all resolutions were passed.

A summary of the resolutions and the proxy voting figures received in advance of the meeting are shown below:

		For		Discretionary		Against			Withheld
Resolution		Votes	%	Votes	%	Votes	%
1	To receive and adopt the financial statements for the year ended 31 October 2014, with the reports of the directors and auditors thereon.	43,689,375	99.96	15,104	0.03	1,815	0.01		0
2	To approve the directors' remuneration report for the year ended 31 October 2014.	43,175,922	98.79	0	0.00	530,372	1.21		0
3	To re-elect John Hawkins as a director.	41,116,884	99.97	0	0.00	12,206	0.03		2,577,202
4	To re-appoint KPMG Channel Islands Limited as auditor to the Company.	43,704,479	99.99	0	0.00	1,815	0.01		0
5	To authorise the directors to determine KPMG Channel Islands Limited's remuneration as auditor to the Company.	43,704,479	99.99	0	0.00	1,815	0.01		0
6	To give the Company authority to purchase its own shares.	43,704,479	99.99	0	0.00	1,815	0.01		0
7	To change the maximum aggregate remuneration payable to the directors of the Company to £200,000 per annum.	41,116,883	94.08	0	0.00	2,589,410	5.92		0

At the time of the above meeting the Company's share capital consisted of 51,926,229 ordinary shares with voting rights and a further 2,692,278 ordinary shares held in treasury.

Enquiries:

Lisa Garnham

Tel: [phone]

Orangefield Legis Fund Services Limited

Company Secretary to Advance Developing Markets Fund Limited

1 April 2015

END

 

END

 

 

RAGIBMBTMBJMBRA