Result of AGM

RNS Number : 9224I

Secured Income Fund PLC

16 December 2020

 

Secured Income Fund plc

(the "Company")

LEI: 213800TR2S2TT6PKVH57

16 December 2020

Results of General Meeting

The Board of Secured Income Fund plc announces that, at the annual general meeting of the Company held earlier today, all of the proposed resolutions were approved by shareholders.

Defined terms have the meaning given to them in the Notice of AGM.

Details of the number of proxy votes cast for, against and withheld in respect of the Resolutions (each of which was held on a poll) are set out below and will also be published on the Company's website, https://kkvim.com/secured-income-fund/  

Resolution		For	Abstain	Against	Result
	As Ordinary Business
Ordinary Resolution 1	To receive annual report and accounts.	37,036,662	42,338	0	Resolution carried
Ordinary Resolution 2	To approve Directors' Remuneration Policy.	34,896,062	42,338	2,140,600	Resolution carried
Ordinary Resolution 3	To approve Directors' Remuneration Report.	37,036,062	42,338	600	Resolution carried
Ordinary Resolution 4	To re-elect RSM UK Audit LLP as auditor.	37,036,662	42,338	0	Resolution carried
Ordinary Resolution 5	To authorise Audit and Valuation Committee to determine auditor's remuneration.	37,036,662	42,338	0	Resolution carried
Ordinary Resolution 6	To re-elect Gaynor Coley as a Director.	37,036,662	42,338	0	Resolution carried
Ordinary Resolution 7	To re-elect David Stevenson as a Director.	33,278,662	42,338	3,758,000	Resolution carried
Ordinary Resolution 8	To elect Brett Miller as a Director.	31,523,662	42,338	5,513,000	Resolution carried
	As Special Business
Ordinary Resolution 9	To authorise market purchases by the Company of shares representing 14.99% of the Company's issued Ordinary Share capital.	18,571,496	0	18,485,404	Resolution carried

The Board has considered the results of the AGM today and notes the level of votes cast against resolution 9 (the buyback resolution) by a number of shareholders. Following the outcome of today's vote we will contact shareholders to discuss these matters. For the foreseeable future the Board has no intention of making any share buybacks.

Alternate Director Appointment

The Board announces the appointment of Mr Douglas Armstrong as an alternate independent, non-executive Director for Mr David Stevenson with effect from the start of the Annual General Meeting until the conclusion of the Annual General Meeting. Mr Armstrong is a solicitor at Dickson Minto W.S., the Company's lawyers. Mr Armstrong acted as Chairperson of the meeting.

There is no other information required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules in relation to this appointment.

Enquiries:

Directors David Stevenson (Chair) Susan Gaynor Coley Brett Miller	tel: [phone] tel: [phone] tel: [phone]
KKV Investment Management Ltd Catherine Halford Riera Nicola Bird	tel: [phone]
finnCap Ltd. Corporate Finance: William Marle / Giles Rolls Sales: Mark Whitfeld	tel: [phone]

Notes:

Neither the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

 

END

 

 

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