Result of 2018 Annual General Meeting

RNS Number : 1029R

India Capital Growth Fund Limited

12 June 2018

 

India Capital Growth Fund Limited

Results of 2018 Annual General Meeting held on Tuesday 12 June 2018.

All resolutions were passed by the requisite majority by a poll vote; resolutions 1 to 4 as ordinary resolutions and resolutions 5 and 6 as special resolutions.

The following votes were cast in respect of the AGM resolutions:

	Ordinary Resolutions	Total Votes For	% For	Total Votes Against	% Against	Total Votes Cast	% of Issued share capital	Votes Withheld
1.	To receive and adopt the 2017 Annual Report and Accounts	28,127,169	92.48%	2,287,436	7.52%	30,414,605	27.03%	36,388
2.	To re-appoint Deloitte LLP as auditor and to authorise the directors to determine the remuneration of the auditor	30,407,068	99.99%	2,588	0.01%	30,409,656	27.03%	41,337
3.	To elect Elisabeth Scott a director of the Company	30,414,605	99.90%	30,000	0.10%	30,444,605	27.06%	6,388
4.	To authorise the Board to allot shares (within prescribed limits)	30,401,044		30,000		30,431,044	27.02%	19,949
	Special Resolutions
5.	That, if resolution 4 is passed, pre-emption rights are disapplied in relation to allotments of equity securities up to 20% of issued share capital	28,704,897	94.32%	1,728,773	5.68%	30,433,670	27.05%	17,323
6.	That the Company be generally and unconditionally authorised to make market purchases of its own shares (within prescribed limits)	30,450,993	100.00%	0	0.00%	30,450,993	27.07%	0

NOTES:         

1.   'Total Votes For' include votes recorded as at the discretion of the appointed proxy.

2.   The 'vote withheld' option was provided to enable shareholders to refrain from voting on any particular resolution.  A vote withheld is not a vote in law and has not been counted in the calculation of the proportion of the vote 'For' and 'Against' a resolution.

3.   At the date of the AGM the issued share capital of the Company was 112,502,173 ordinary shares.

4.   The full text of the resolutions is detailed in the Notice of Meeting to be found on the Company website at www.indiacapitalgrowth.com/investor-relations/circulars

 

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