Result of AGM

RNS Number : 3834W

Aberdeen Emerging Markets Inv Co Ld

16 April 2019

 

Aberdeen Emerging Markets Investment Company Limited (the "Company")

LEI: 213800RIA1NX8DP4P938

Result of Annual General Meeting ("AGM")

The Board of the Company announces that at the Company's AGM held earlier today all the resolutions were passed.

A summary of the resolutions and the proxy voting figures received in advance of the meeting are shown below:

AGM			For / Discretionary		Against		Withheld
Ordinary resolutions			Votes	%	Votes	%
1	To receive and adopt the financial statements for the year ended 31 October 2018, with the reports of the Directors and auditor thereon.	40,722,548		99.99	46	0.01	0
2	To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the year ended 31 October 2018.	40,716,990		99.99	5,521	0.01	83
3	To approve a dividend policy to declare four interim dividends each year and to authorise the Directors to declare such dividends.	40,722,548		99.99	46	0.01	0
4	To re-elect Mr M Hadsley-Chaplin as a Director.	26,976,223		66.24	13,746,371	33.76	0
5	To re-elect Mr J Hawkins as a Director.	26,976,567		66.24	13,746,027	33.76	0
6	To re-appoint KPMG Channel Islands Limited as auditor to the Company.	38,921,479		99.99	448	0.01	1,800,667
7	To authorise the Directors to determine the remuneration of the auditor for the forthcoming financial year.	40,721,881		99.99	46	0.01	667
8	To give the Company the authority to purchase its own shares.	40,722,548		99.99	46	0.01	0
9	To give the Company the authority to allot new shares.	40,720,405		99.99	46	0.01	2,143
Special resolution
10	To waive shareholders' rights of pre-emption or similar rights which they may have under the Company's Articles of Incorporation or otherwise.	40,715,368		99.99	5,000	0.01	2,226

The Board has noted that shareholder proxies representing 33.76% of the issued capital voted against the re-election of Mr Mark Hadsley-Chaplin and Mr John Hawkins. The vast majority of these shares were voted by one institution. The Board has recently met this institution and has some understanding of the reason why the shares were voted in this way, but supports the democratic process which saw substantial support from shareholders with proxies representing 66.24% voting in favour of each of Mr Hadsley-Chaplin and Mr Hawkins' re-election to the Board. 

At the time of the above meetings the Company's share capital consisted of 45,974,539 ordinary shares with voting rights and a further 8,643,968 ordinary shares held in treasury.

16 April 2019

Enquiries:

Aberdeen Standard Fund Managers Limited (Alternative Investment Fund Manager to Aberdeen Emerging Markets Investment Company Limited)

Colin Edge / William Hemmings

Tel: [phone]

Vistra Fund Services (Guernsey) Limited (Company Secretary)

Tel: [phone]

Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment Funds

END

 

END

 

 

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