Result of AGM

RNS Number : 0751A

Henderson Far East Income Limited

17 December 2014

 



17 December 2014

HENDERSON FAR EAST INCOME LIMITED

Annual General Meeting Held on 17 December 2014

Henderson Far East Income Limited announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed, four of these were special resolutions as follows:

Resolution 7 - THAT, the Company be and is hereby generally and unconditionally authorised to make one or more market purchases on a stock exchange of, and to cancel, or (subject to Resolution 8) hold as treasury shares, ordinary shares of no par value in the capital of the Company ('shares'), pursuant to Article 57 of the Companies (Jersey) Law 1991, as amended (the "Law"), provided that:

(a)        the maximum number of shares hereby authorised to be purchased is 14.99 per cent. of the issued share capital of the Company as at the date of the passing of this Resolution;

(b)        the maximum price, exclusive of expenses, which may be paid for a share shall not be more than the higher of (i) an amount equal to 105 per cent. of the average of the middle market quotations for a share taken from the Official List for the five business days immediately preceding the day on which the share is purchased; and (ii) the higher of the last independent trade and the current highest independent bid on the trading venue where the purchase is carried out;

(c)        the minimum price, exclusive of expenses, which may be paid for a share is one penny;

(d)        the Directors of the Company can, prior to each such purchase, make the solvency statement required by the Law and fulfil all other requirements of the Law in relation to purchases of a company's own shares; and

(e)        the authority hereby conferred shall expire at the conclusion of the next Annual General Meeting of the Company or, if earlier, on the expiry of 15 months from the passing of this Resolution, unless such authority is renewed prior to such time.

Resolution 8 - THAT, the Company be and is hereby generally and unconditionally authorised to hold up to 10% of the Company's own shares (whether purchased pursuant to Resolution 7 or otherwise) as treasury shares pursuant and subject to Articles 58A and 58B of the Companies (Jersey) Law 1991, as amended.

Resolution 9 - THAT, the Company may disapply preemption rights and issue equity securities of up to a maximum of 10% of the total number of shares in issue as at the date of this resolution, provided that such disapplication of preemption rights shall expire (unless and to the extent previously revoked, varied or renewed by the Company in general meeting (by special resolution passed by three quarters of shareholders voting thereon) at the earlier of the conclusion of the Annual General Meeting of the Company to be held in 2015 or fifteen months from the date of this resolution but so that this power shall enable the Company to make offers or agreements before such expiry which would or might require equity securities to be issued after such expiry and the directors of the Company may issue equity securities in pursuance of any such offer or agreement as if such expiry had not occurred.

Resolution 10 - THAT, the aggregate of all fees paid to the Directors shall not exceed £200,000 per annum, and Article 84.1 of the Company's Articles of Association be amended accordingly.

The full text of the resolutions can be found in the Notice of Meeting, copies of which are available for viewing at the National Storage Mechanism at www.Hemscott.com/nsm.do.

For further information please contact:

Jeremy Hamon

Company Secretary & RNS Agent

BNP Paribas Securities Services S.C.A., Jersey Branch

Tel: [phone]

James de Sausmarez

Director of Investment Trusts

Henderson Global Investors

Tel: [phone]

Henderson Far East Income Limited has its registered office at Liberté House, 19-23 La Motte Street, St Helier, Jersey JE2 4SY and it is regulated by the Jersey Financial Services Commission

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

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