Result of Annual General Meeting
The Board of Advance Developing Markets Fund Limited (the "Company") is pleased to announce that at the Company's Annual General Meeting held earlier today all resolutions were passed.
A summary of the resolutions and the proxy voting figures received in advance of the meeting are shown below:
|
For |
Against |
Discretionary |
|
Withheld |
||||
Resolution |
Votes |
% |
Votes |
% |
Votes |
% |
|
|
|
1 |
To receive and adopt the financial statements for the year ended 31 October 2013, including the directors' and auditors reports.
|
47,690,673 |
98.8 |
592,051 |
1.2 |
0 |
0.0 |
|
0 |
2 |
To approve the directors' remuneration report for the year ended 31 October 2013.
|
48,279,949 |
100.0 |
2,775 |
0.0 |
0 |
0.0 |
|
0 |
3 |
To re-elect Mr AR Bonsor as a director.
|
48,123,192 |
99.7 |
159,532 |
0.3 |
0 |
0.0 |
|
0 |
4 |
To re-appoint KPMG Channel Islands Limited as auditors to the Company.
|
48,279,949 |
100.0 |
2,775 |
0.0 |
0 |
0.0 |
|
0 |
5 |
To authorise the directors to determine KPMG Channel Islands Limited's remuneration.
|
48,279,949 |
100.0 |
2,775 |
0.0 |
0 |
0.0 |
|
0 |
6 |
To give the Company the authority to purchase its own shares.
|
48,282,724 |
100.0 |
0 |
0.0 |
0 |
0.0 |
|
0 |
7 |
To adopt new Memorandum and Articles of Incorporation.* |
45,280,445 |
93.8 |
2,999,504 |
6.2 |
0 |
0.0 |
|
2,775 |
* Special resolution
At the time of the above meeting the Company's share capital consisted of 57,695,696 ordinary shares with voting rights and a further 2,692,278 ordinary shares held in treasury.
Enquiries:
Lisa Garnham
Tel: +44 (0)1481 726034
Legis Fund Services Limited
Company Secretary to Advance Developing Markets Fund Limited
10 April 2014
END