Result of AGM - Replacement

RNS Number : 6905T
HICL Infrastructure Company Ld
21 July 2015
 



Replacement of RNS Number: 6866T

Date of RNS changed to 2015

 

21 July 2015

 

HICL Infrastructure Company Limited (the "Company")

 

Result of the Annual General Meeting

 

The Board of the Company is pleased to announce that the resolutions put to shareholders at the Annual General Meeting of the Company held on 21 July 2015 were passed.  The details of the resolutions are as follows: 

 

1. ORDINARY RESOLUTION

Report and Accounts

To receive and consider the audited accounts, the Directors' report and the Auditors' report for the year ended 31 March 2015.

 

The Chairman reported that the following votes had been received:

 

For

526,952,742

98.58%

Against

7,602,954

1.42%

Withheld

Nil

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED that the audited accounts, the Directors' report and the Auditors' report for the year ended 31 March 2015 be received and adopted.

 

 

2. ORDINARY RESOLUTION

Re-election of Director

To re-elect Sarah Evans as a Director

 

The Chairman reported that the following votes had been received:

 

For

534,236,390

99.95%

Against

267,399

0.05%

Withheld

51,907

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

IT WAS RESOLVED that Sarah Evans be re-elected as a Director.

 

3. ORDINARY RESOLUTION

 

Re-election of Director

To re-elect Sally-Ann Farnon as a Director.

 

The Chairman reported that the following votes had been received:

 

For

534,488,940

100.00%

Against

12,849

0.00%

Withheld

53,907

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED that Sally-Ann Farnon be re-elected as a Director.

 

4. ORDINARY RESOLUTION

 

Re-election of Director

To re-elect John Hallam as a Director.

 

The Chairman reported that the following votes had been received:

 

For

526,884,283

98.57%

Against

7,617,506

1.43%

Withheld

53,907

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED that John Hallam be re-elected as a Director.

 

5. ORDINARY RESOLUTION

 

Election of Director

To elect Frank Nelson as a Director.

 

The Chairman reported that the following votes had been received:

 

For

534,492,535

100.00%

Against

7,254

0.00%

Withheld

55,907

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED that Frank Nelson is elected as a Director.

 

6. ORDINARY RESOLUTION

 

Re-election of Director

To re-elect Graham Picken as a Director.

 

The Chairman reported that the following votes had been received:

 

For

531,918,053

99.52%

Against

2,559,986

0.48%

Withheld

77,657

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED that Graham Picken be re-elected as a Director.

 

7. ORDINARY RESOLUTION

 

Re-election of Director

To re-elect Christopher Russell as a Director.

 

The Chairman reported that the following votes had been received:

 

For

534,489,497

100.00%

Against

5,292

0.00%

Withheld

60,907

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED that Christopher Russell be re-elected as a Director.

 

8. ORDINARY RESOLUTION

 

Re-election of Director

To re-elect Ian Russell as a Director.

 

The Chairman reported that the following votes had been received:

 

For

534,468,513

99.99%

Against

31,276

0.01%

Withheld

55,907

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED that Ian Russell be re-elected as a Director.

 

9. ORDINARY RESOLUTION

 

Directors Remuneration

To approve the Directors' remuneration report including the proposed annual remuneration of each Director for routine business of the Company, for the year ended 31 March 2016, as set out in the Annual Report.

 

The Chairman reported that the following votes had been received:

 

For

526,728,844

98.55%

Against

7,752,841

1.45%

Withheld

74,011

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED to approve the Directors' remuneration report including the proposed annual remuneration of each Director for routine business of the Company, for the year ended 31 March 2016, as set out in the Annual Report.

 

10. ORDINARY RESOLUTION

 

Re-appointment of Auditors

That KPMG Channel Islands Limited be re-appointed as auditors of the Company.

 

The Chairman reported that the following votes had been received:

 

For

527,643,185

99.98%

Against

87,229

0.02%

Withheld

6,825,282

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED that KPMG Channel Islands Limited be re-appointed as auditors of the Company.

 

11. ORDINARY RESOLUTION

 

Remuneration of Auditors

That the Directors be authorised to agree the remuneration of the auditors.

 

The Chairman reported that the following votes had been received:

 

For

534,505,423

100.00%

Against

9,263

0.00%

Withheld

41,010

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED that the Directors be authorised to agree the remuneration of the auditors.

SPECIAL BUSINESS


12. SPECIAL RESOLUTION

Annual Remuneration Cap

To approve the proposed increase in the Directors' aggregate annual remuneration cap from £350,000 to £450,000, with effect from 1 April 2015.

 

The Chairman reported that the following votes had been received:

 

For

526,533,724

98.52%

Against

7,928,450

1.48%

Withheld

93,522

Nil

 

IT WAS RESOLVED that the proposed increase in the Directors' aggregate annual remuneration cap from £350,000 to £450,000, with effect from 1 April 2015 be approved.



13. SPECIAL RESOLUTION

Annual Remuneration Cap

To re-approve the partial disapplication of the pre-emption rights under Article 9 of the Company's Articles of Incorporation, which was approved at the AGM held on 22 July 2014, thereby giving the Directors the power to allot and issue up to 10.0 per cent. of the Ordinary Shares at a premium to current net asset value per share by way of tap issues.

 

The Chairman reported that the following votes had been received:

 

For

534,309,156

99.97%

Against

179,742

0.03%

Withheld

66,798

Nil

 

IT WAS RESOLVED the partial disapplication of the pre-emption rights under Article 9 of the Company's Articles of Incorporation, which was approved at the AGM held on 22 July 2014, thereby giving the Directors the power to allot and issue up to 10.0 per cent. of the Ordinary Shares at a premium to current net asset value per share by way of tap issues be approved.

.



14. ORDINARY RESOLUTION

Dividend Option

That the Board may, in respect of dividends declared for any financial period or periods of the Company ending prior to the next annual general meeting of the Company, offer shareholders the right to elect to receive further shares, credited as fully paid, in respect of all or any part of such dividend or dividends declared in respect of any such financial period or periods.

 

The Chairman reported that the following votes had been received:

 

For

534,518,254

100.00%

Against

25,967

0.00%

Withheld

11,475

Nil

 

IT WAS RESOLVED that the Board may, in respect of dividends declared for any financial period or periods of the Company ending prior to the next annual general meeting of the Company, offer shareholders the right to elect to receive further shares, credited as fully paid, in respect of all or any part of such dividend or dividends declared in respect of any such financial period or periods.

 

15.  ORDINARY RESOLUTION

Market Acquisitions

To authorise the Company to make market acquisitions of up to 14.99 per cent. of its own issued Ordinary Shares and to make or arrange tender offers for up to 15 per cent. of its own issued Ordinary Shares.

 

The Chairman advised that the following votes had been received:

 

For

534,437,073

99.98%

Against

92,336

0.02%

Withheld

26,287

Nil

 

The Chairman noted that a vote Withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 

IT WAS RESOLVED the Company be authorised to make market acquisitions of up to 14.99 per cent. of its own issued Ordinary Shares and to make or arrange tender offers for up to 15 per cent. of its own issued Ordinary Shares.

 

 

 

  

For further information, please contact:

 

 

Chris Copperwaite

Dexion Capital (Guernsey) Limited

Company Secretary

 

+ 44 (0) 1481 743940

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RAGDMGZNKMKGKZM
UK 100

Latest directors dealings