Result of AGM

RNS Number : 5567L

Sequoia Economic Infra Inc Fd Ld

19 July 2017

 

19 July 2017

Sequoia Economic Infrastructure Income Fund Limited (the "Company")

Result of Annual General Meeting

The board of the Company is pleased to announce that, at the Annual General Meeting of the Company held earlier today, all of the proposed resolutions were approved by shareholders on a poll.

The number of Shares voted in person or by proxy on the resolutions, each of which was proposed as an ordinary resolution, was as follows.

1.             THAT the Financial Statements of the Company for the year ended 31 March 2017 with the Report of the Directors and Auditors thereon be received and adopted.

298,841,043 votes were in favour of the resolution (100.00% of votes cast) and no votes were against. No votes were withheld.

2.             THAT Sandra Platts be re-elected as a Director of the Company.

298,839,316 votes were in favour of the resolution (100.00% of votes cast) and no votes were against. 1,727 votes were withheld.

3.             THAT Robert Jennings be re-elected as a Director of the Company.

298,839,316 votes were in favour of the resolution (100.00% of votes cast) and no votes were against. 1,727 votes were withheld.

4.             THAT KPMG Channel Islands Limited be re-appointed as Auditors of the Company for the year ended 31 March 2018.

298,841,043 votes were in favour of the resolution (100.00% of votes cast) and no votes were against. No votes were withheld.

5.             THAT the Directors be authorised to fix the remuneration of the Auditors for their next period of office.

298,841,043 votes were in favour of the resolution (100.00% of votes cast) and no votes were against. No votes were withheld.

6.             THAT the Company's dividend policy, set out in the prospectus published by the Company on 3 May 2017, be approved.

298,841,043 votes were in favour of the resolution (100.00% of votes cast) and no votes were against. No votes were withheld.

The following were proposed as special resolutions:

7.             THAT the Company be and is hereby generally authorised, for the purposes of the Companies (Guernsey) Law, 2008, as amended (the "Law") to make market purchases (as identified in the Law) of its Ordinary Shares in issue.

298,839,506 votes were in favour of the resolution (99.99% of votes cast) and 1,537 (0.01% of votes cast) were against. No votes were withheld.

8.             THAT in substitution for all existing authorities to disapply pre-emptions rights the Directors be and are      hereby authorised to allot and issue equity securities.

298,841,043 votes were in favour of the resolution (100.00% of votes cast) and no votes were against. No votes were withheld.

For further information please contact:

Sequoia Investment Management Company Steve Cook Dolf Kohnhorst Randall Sandstrom Greg Taylor	[phone]
Stifel Nicolaus Europe Limited Neil Winward Mark Bloomfield Gaudi Le Roux	[phone]
Praxis Fund Services Limited (Company Secretary) Shona Darling	[phone]

About Sequoia Economic Infrastructure Income Fund Limited

The Company is a Guernsey registered closed-ended investment company that seeks to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments. The Company is advised by Sequoia Investment Management Company Limited.

 

END

 

 

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