Results of Extraordinary General Meeting

RNS Number : 2041N

Highbridge Multi-Strategy Fd Ltd £

21 October 2016

 

HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (the "Company")

RESULTS OF EXTRAORDINARY GENERAL MEETING

In accordance with Principle 19 of the AIC Code of Corporate Governance, the Company advises that for the Extraordinary General Meeting held on 21 October, 2016, valid proxy appointments were made in respect of 63,039,192 ordinary shares, being 48.69% of the ordinary shares of the Company in issue (excluding treasury shares) and voting was as follows:

IT WAS RESOLVED that the proposed terms of the off-market purchase agreement constituted by: (a) the circular dated 26 September 2016 (the "Circular") sent to all Shareholders in relation to the tender offer by the Company to purchase up to 20% of the issued Shares on the Record Date (excluding Shares held in treasury) at the Tender Price (the "Tender Offer") on the terms specified in the Circular; (b) the Tender Form issued by the Company for use by Shareholders in connection with the Tender Offer (in the case of Shares held in certificated form) or the CREST Holder Form (as defined in the Circular) (in the case of Shares held in uncertificated form), (together, the "Off-Market Purchase Agreement") and to be entered into between the Company and each of the Shareholders which validly tender Shares pursuant to the Tender Offer, be and were hereby approved.  The authority conferred by this resolution should expire on 31 December 2016, unless such authority was, before such date, varied, revoked or renewed by special resolution of the Company.

(62,825,999 votes cast, 59,684,684 in favour, 3,141,315 against and 213,193 withheld.)

IT WAS RESOLVED that, without prejudice to any authorities granted to the Directors at the annual general meeting on 20 July 2016, the Directors of the Company be and were hereby empowered to resell a number of Shares held by the Company as treasury shares equal to the lower of (a) 25,892,746 Shares and (b) 20 per cent. of the Shares in issue (excluding treasury shares) as at the Record Date, wholly for cash as if article 12(2)(a) of the Articles did not apply to any such sale provided that this power should (unless previously revoked) expire at the conclusion of the Company's Annual General Meeting to be held in 2017, but the Company should be entitled to make offers or agreements before the expiry of this authority which would or might require Shares to be resold after such expiry and the Directors might resell such Shares pursuant to any such offer or agreement as if the power conferred hereby had not expired.

(63,039,192 votes cast, 53,260,101 in favour, 9,779,091 against and none withheld.)

For further information contact:

JTC (Guernsey) Limited 

Secretary                                 

Tel: [phone]                                             

END OF ANNOUNCEMENT

E&OE - In Transmission

 

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