Result of AGM

RNS Number : 0259V

Alternative Liquidity Fund Limited

08 December 2021

 

ALTERNATIVE LIQUIDITY FUND LIMITED

Registered in Guernsey - Number 60552

LEI NUMBER 213800R5CHD76J3LU713

Registered Office:

Sarnia House, Le Truchot,

St Peter Port, Guernsey, GY1 1GR

8 December 2021

2021 ANNUAL GENERAL MEETING VOTING RESULTS

Alternative Liquidity Fund Limited (the "Company") held its 2021 Annual General Meeting ("AGM") at the registered office of the Company at 9.00am on Wednesday 8  December 2021.  Resolutions 1-8 were proposed as ordinary resolutions and Resolution 9 as a special resolution.   The result of the voting was:

Resolution 1: THAT the Annual Report and Audited Financial Statements for the year ended 30 June 2021 be received and adopted.

Votes for: 49,572,915 (66.32%)

Votes against: 25,171,227 (33.68%)

Votes withheld: 1,534,523

Total Votes Cast: 74,744,142

Result: resolution passed

Resolution 2: THAT the Directors' Remuneration Report for the year ended 30 June 2021 be received and approved.

Votes for: 49,581,927 (66.34%)

Votes against:  25,162,215 (33.66%)

Votes withheld1,534,523

Total Votes Cast: 74,744,142

Result: resolution passed

Resolution 3: THAT the Directors' Remuneration Policy be received and approved.

Votes for: 49,581,927 (66.34%)

Votes against: 25,162,215 (33.66%)

Votes withheld: 1,534,523

Total Votes Cast: 74,744,142

Result: resolution passed

Resolution 4: THAT the Directors be authorised to appoint the Company's auditor and to fix the auditors' remuneration.

Votes for: 49,581,927 (66.34%)

Votes against: 25,162,215 (33.66%)

Votes withheld: 1,534,523

Total Votes Cast: 74,744,142

Result: resolution passed

Resolution 5: THAT Mr Quentin Spicer be re-elected as a Director of the Company.

Votes for: 49,581,927 (66.34%)

Votes against: 25,162,215 (33.66%)

Votes withheld: 1,534,523

Total Votes Cast: 74,744,142

Result: resolution passed

Resolution 6: THAT Dr Richard Berman be re-elected as a Director of the Company.

Votes for: 49,581,927 (66.34%)

Votes against: 25,162,215 (33.66%)

Votes withheld: 1,534,523

Total Votes Cast: 74,744,142

Result: resolution passed

Resolution 7: THAT Mr Anthony Pickford be re-elected as a Director of the Company. 

Votes for: 49,581,927 (66.34%)

Votes against: 25,162,215 (33.66%)

Votes withheld: 1,534,523

Total Votes Cast: 74,744,142

Result: resolution passed

Resolution 8: THAT the Company be generally and unconditionally authorised, in accordance with the Companies (Guernsey) Law, 2008 (as amended) (the "Law") to make market purchases (as defined in that Law) of Ordinary Shares of US$0.01 ("Ordinary Shares"), either for retention as treasury shares for future resale or transfer or cancellation.

Votes for: 49,581,927 (66.34%)

Votes against: 25,162,215 (33.66%)

Votes withheld: 1,534,523

Total Votes Cast: 74,744,142

Result: resolution passed

Resolution 9: THAT the Directors of the Company be and they are hereby generally empowered, to allot Ordinary Shares in the Company, in line with the provisions stated in the Notice of AGM. 

Votes for: 49,572,915 (66.32%)

Votes against: 25,171,227 (33.68%)

Votes withheld: 1,534,523

Total Votes Cast: 74,744,142

Result: resolution failed.

The Board notes the substantial proportion of votes cast against Ordinary  Resolutions 1-8, and Special Resolution 9 which was not passed by Shareholders. The Board intends to consult with shareholders who opposed these resolutions in order to understand the reasons behind their vote, with the findings from this and details of any subsequent actions taken by the Board being made available before 8 June 2022.

All Enquiries

Hindsight Solutions Limited                                                    Email: [e-mail]

Tel: [phone]

Sanne Fund Services (Guernsey) Limited    Email: [e-mail]

Tel: [phone]

 

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