Results of Annual General Meeting

RNS Number : 7732U

Sequoia Economic Infra Inc Fd Ld

31 July 2020

 

31 July 2020

Sequoia Economic Infrastructure Income Fund Limited

 (the "Company")

Results of Annual General Meeting

The Company is pleased to announce that at the Annual General Meeting of the Company held at 10.00am today, 31 July 2020, each of the proposed resolutions were duly passed without amendment.

Resolutions 1 to 9 were proposed as ordinary resolutions and resolutions 10 and 11 were proposed as special resolutions. The result of the voting was as follows:

1.  THAT the Financial Statements of the Company for the year ended 31 March 2020 with the Report of the Directors and Auditors thereon be received and adopted.

1,006,941,027 votes were in favour of the resolution (100.00% of votes cast) and 0 votes were against (0.00% of votes cast). No votes were withheld.

2.  THAT the Directors' Remuneration Report for the year ended 31 March 2020 be approved.

987,755,127 votes were in favour of the resolution (98.10% of votes cast) and 19,108,401 votes were against (1.90% of votes cast). 77,499 votes were withheld.

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

992,561,935 votes were in favour of the resolution (98.58% of votes cast) and 14,324,005 votes were against (1.42% of votes cast). 55,087 votes were withheld.

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

1,006,677,484 votes were in favour of the resolution (99.98% of votes cast) and 250,124 votes were against (0.02% of votes cast). 13,419 votes were withheld.

5.  THAT Jonathan Bridel be re-elected as a Director of the Company.

924,870,309 votes were in favour of the resolution (91.85% of votes cast) and 82,015,631 votes were against (8.15% of votes cast). 55,087 votes were withheld.

6.  THAT Jan Pethick be re-elected as a Director of the Company.

1,006,635,816 votes were in favour of the resolution (99.98% of votes cast) and 250,124 votes were against (0.02% of votes cast). 55,087 votes were withheld.

7.  THAT KPMG Channel Islands Limited be re-appointed as Auditors of the Company to hold office from the conclusion of this annual general meeting until the conclusion of the next annual general meeting of the Company.

980,813,115 votes were in favour of the resolution (99.99% of votes cast) and 73,276 votes were against (0.01% of votes cast). 26,054,636 votes were withheld.

8.  THAT the Directors be authorised to determine the remuneration of the Auditors for their next period of office.

1,006,904,902 votes were in favour of the resolution (100.00% of votes cast) and 36,125 votes were against (0.00% of votes cast). No votes were withheld.

9.  THAT the Company's dividend policy, set out in the prospectus published by the Company on 10 February 2020, be approved.

1,006,931,027 votes were in favour of the resolution (100.00% of votes cast) and 10,000 votes were against (0.00% of votes cast). No votes were withheld.

10.  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.

1,006,909,925 votes were in favour of the resolution (100.00% of votes cast) and 31,065 votes were against (0.00% of votes cast). 37 votes were withheld.

11.  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.

937,966,339 votes were in favour of the resolution (93.15% of votes cast) and 68,974,651 votes were against (6.85% of votes cast). 37 votes were withheld.

For further information please contact:

Sequoia Investment Management Company Steve Cook Dolf Kohnhorst Randall Sandstrom Greg Taylor	[phone]
Jefferies International Limited (Corporate Broker & Financial Adviser) Neil Winward Gaudi Le Roux	[phone]
Tulchan Communications (Financial PR) Elizabeth Snow  Martin Pengelley Deborah Roney	[phone]
Praxis Fund Services Limited (Company Secretary) Matt Falla Katrina Rowe	[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.

LEI: 2138006OW12FQHJ6PX91

 

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