Result of AGM

RNS Number : 0569W

Aberdeen Emerging Markets Inv Co Ld

20 April 2021

 

Aberdeen Emerging Markets Investment Company Limited (the "Company")

LEI: 213800RIA1NX8DP4P938

Result of Annual General Meeting ("AGM")

The Board of the Company announces that at the Company's AGM held earlier today all the resolutions were passed.

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

AGM			For / Discretionary		Against		Withheld
Ordinary resolutions			Votes	%	Votes	%
1	To receive and adopt the financial statements for the year ended 31 October 2020, with the reports of the Directors and auditor thereon.	41,929,524		99.99	90	0.01	0
2	To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the year ended 31 October 2020.	41,924,410		99.99	1,961	0.01	3,242
3	To approve a dividend policy to declare four interim dividends each year and to authorise the Directors to declare such dividends.	41,928,458		99.99	1,156	0.01	0
4	To re-elect Mr Hadsley-Chaplin as a Director.	27,041,754		64.50	14,884,617	35.50	3,242
5	To re-elect Mr Collins as a Director.	28,841,324		68.79	13,085,047	31.21	3,242
6	To re-elect Mrs Green as a Director.	26,258,534		62.63	15,667,407	37.37	3,672
7	To re-elect Ms de Rochechouart as a Director.	28,840,090		68.79	13,086,054	31.21	3,469
8	To re-appoint KPMG Channel Islands Limited as auditor to the Company.	40,125,750		95.70	1,802,012	4.30	1,852
9	To authorise the Directors to determine the remuneration of the auditor for the forthcoming financial year.	41,929,334		99.99	280	0.01	0
10	To give the Company the authority to purchase its own shares.	41,928,904		99.99	710	0.01	0
11	To give the Company the authority to allot new shares.	41,928,360		99.99	1,102	0.01	152
Special Resolution
12	To waive shareholders' rights of pre-emption or similar rights which they may have under the Company's Articles of Incorporation or otherwise.	41,926,681		99.99	2,557	0.01	376

The Board has noted that shareholder proxies representing 35.50%, 31.21%. 37.37% and 31.21% of the issued capital voted against the re-election of Mr Hadsley-Chaplin, Mr Collins, Mrs Green and Ms de Rochechouart respectively. The vast majority of these shares were voted by one institution. The Board notes the reasons why the shares were voted in this way, but supports the democratic process which saw substantial support from shareholders with proxies representing 64.50%, 68.79%, 62.63% and 68.79%, respectively, voting in favour of each of those Directors.

At the time of the above meeting the Company's share capital consisted of 45,965,159 ordinary shares with voting rights and a further 8,653,348 ordinary shares held in treasury.

20 April 2021

Enquiries:

Aberdeen Standard Fund Managers Limited (Alternative Investment Fund Manager to Aberdeen Emerging Markets Investment Company Limited)

William Hemmings

Tel: [phone]

Luke Mason

Tel [phone]

Vistra Fund Services (Guernsey) Limited (Company Secretary)

Tel: [phone]

Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment Funds

END

 

END

 

 

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