Result of Extraordinary General Meeting

RNS Number : 6672F

Sequoia Economic Infra Inc Fd Ld

19 May 2017

 

19 May 2017

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 show of hands.

Defined terms have the meaning given to them in the circular to shareholders published by the Company on        3 May 2017 ("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 Ordinary Shares to the Related Party is approved on the basis described in the Circular.

303,352,219 votes were in favour of the resolution (99.17% of votes cast) and 2,547,395 votes were against (0.83% of votes cast). 21,937,890 votes were withheld.

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

303,352,219 votes were in favour of the resolution (99.17% of votes cast) and 2,547,395 votes were against (0.83% of votes cast). 21,937,890 votes were withheld.

3.             THAT the proposed investment policy set out in the Circular, be and is hereby adopted as the        investment policy of the Company to the exclusion of all previous investment policies of the Company.

327,782,572 votes were in favour of the resolution (100.00% of votes cast) and no votes were against. 54,932 votes were withheld.

The following were proposed as special resolutions:

4.             THAT in substitution for the existing authority it is approved to disapply pre-emption rights, in respect of       (i) up to 151,658,768 Ordinary Shares for the purposes of the Issue and (ii) up to 200 million Ordinary                Shares for the purposes of the Placing Programme on the basis described in the Circular.

324,897,977 votes were in favour of the resolution (99.22% of votes cast) and 2,547,395 votes were against (0.78% of votes cast). 392,132 votes were withheld.

5.             THAT certain amendments be made to the Articles, with the wording described in the Circular, to provide the Board of the Company with the requisite authority to implement a scrip dividend programme                 should it choose to do.

327,837,504 votes were in favour of the resolution (100.00% of votes cast) and no votes were against or 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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