Update re: Extraordinary General Meeting

RNS Number : 6047Y

Qatar Investment Fund PLC

06 December 2017

 

This announcement contains inside information for the purposes of Article 17 of Regulation (EU) No. 596/2014.

Legal Entity Identifier: 2138009DIENFWKC3PW84

6 December 2017

Qatar Investment Fund PLC ("QIF" or the "Company")

Update re Extraordinary General Meeting

The board of Qatar Investment Fund plc (the "Board") wishes to provide an update ahead of the extraordinary general meeting to be held at 10.30am on 7 December 2017 (the "EGM"). As at 10.30am on 5 December 2017, the closing time and date for receipt of proxies (the "Closing Date"), the Board had received proxies totalling 33,749,638 shares in the Company, representing approximately 32.85 per cent. of the Company's total voting rights.

Two of the four resolutions were special resolutions requiring approval by 75 per cent. of those shares that voted. Insufficient proxies were received by the Closing Date in order to pass these resolutions and given that the four resolutions were inter-conditional, the resolutions would not be approved by the Company's shareholders at the EGM.

During the afternoon of 5 December 2017, a proxy agent acting on behalf of a number of registered shareholders submitted proxies totalling 53,874,065, all of which were in favour of the four resolutions.

If such proxies had been received earlier that day, then the special resolutions would have passed the 75 per cent. required to approve such resolutions (approximately 86 per cent. in favour), and as such, all resolutions would have been passed by shareholders.

Given this outcome, and in accordance with the Company's articles of association, the Board has indicated that it is likely that a poll will be called within 48 hours of the EGM to count the votes cast and at the poll corporate representatives and individual members shall be entitled to vote at the poll. The poll will therefore likely be called at 5.30 pm on 8 December 2017 (the "Poll Date") at the offices of Galileo Fund Services Limited, Millennium House, 46 Athol Street, Douglas, Isle of Man, IM1 1JB.

All validly submitted proxies remain in effect. Any registered shareholder who did not validly submit a proxy prior to the Closing Date and who wishes to vote on the poll may appoint a corporate representative to attend the poll provided the appointment is made no later than 24 hours prior to the Poll Date.

For further information:

Nicholas Wilson [phone]

Qatar Investment Fund plc

Ian Dungate/Suzanne Jones [phone]

Galileo Fund Services Limited

Richard Gray/Andrew Potts/Atholl Tweedie [phone]

Panmure Gordon

William Clutterbuck/Cebuan Bliss [phone]

Maitland

 

END

 

 

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