Result of EGM

RNS Number : 2651Z

Sequoia Economic Infra Inc Fd Ld

25 May 2016

 

25 May 2016

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

Result of Extraordinary General Meeting

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

Defined terms have the meaning given to them in the circular to shareholders published by the Company on        6 May 2016 ("Circular"). 

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 issue of any new C Shares to the Related Party is approved on the basis described in the Circular.

66,632,120 votes were in favour of the resolution (99.99% of votes cast) and 4,080 votes were against (0.01% of votes cast). 203,612 votes were withheld.

2.             THAT the issue of any Placing Programme Shares to the Related Party is approved on the basis described in                  Circular.

66,632,120 votes were in favour of the resolution (99.99% of votes cast) and 4,080 votes were against (0.01% of votes cast). 203,612 votes were withheld.

3.             THAT in substitution for the existing authority it is approved to disapply pre-emption rights, in respect of  (i) up                   to 200 million C Shares and (ii) up to 120 million Ordinary Shares for the purposes of the Placing                                Programme on the basis described in the Circular.

66,483,057 votes were in favour of the resolution (99.77% of votes cast) and 153,143 votes were against (0.23% of votes cast). 203,612 votes were withheld.

4.             THAT the definition of "Calculation Time" in Article 1 of the Articles be amended by deleting the existing                        definition in its entirety and replacing it with the wording described in the Circular.

66,832,012 votes were in favour of the resolution (99.99% of votes cast) and 4,080 votes were against (0.01% of votes cast). 3,720 votes were withheld.

5.             THAT pursuant to Article 35.4 of the Articles the Company continues its business as a closed-ended                           investment company.

66,832,012 votes were in favour of the resolution (99.99% of votes cast) and 4,080 votes were against (0.01% of votes cast). 3,720 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.

 

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