Result of AGM

RNS Number : 3817K

Aberdeen Emerging Markets Inv Co Ld

21 April 2020

 

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 2019, with the reports of the Directors and auditor thereon.	41,212,904		99.99	65	0.01	0
2	To approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy) for the year ended 31 October 2019.	41,207,912		99.99	4,814	0.01	243
3	To approve the Directors' Remuneration Policy for the three years ended 31 October 2022.	41,205,719		99.99	4,856	0.01	2,394
4	To approve a dividend policy to declare four interim dividends each year and to authorise the Directors to declare such dividends.	41,212,904		99.99	65	0.01	0
5	To elect Ms de Rochechouart as a Director.	41,205,263		99.99	4,439	0.01	3,267
6	To re-elect Mrs Green as a Director.	25,618,180		62.16	15,593,091	37.84	1,697
7	To re-elect Mr Hawkins as a Director.	25,810,017		62.63	15,401,254	37.37	1,697
8	To re-appoint KPMG Channel Islands Limited as auditor to the Company.	39,410,699		95.63	1,800,700	4.37	1,570
9	To authorise the Directors to determine the remuneration of the auditor for the forthcoming financial year.	41,212,904		99.99	65	0.01	0
10	To give the Company the authority to purchase its own shares.	41,212,904		99.99	65	0.01	0
11	To give the Company the authority to allot new shares.	41,212,904		99.99	65	0.01	0
Special Resolution
12	To waive shareholders' rights of pre-emption or similar rights which they may have under the Company's Articles of Incorporation or otherwise.	41,200,850		99.99	3,532	0.01	8,587

The Board has noted that shareholder proxies representing 37.84% and 37.37% of the issued capital voted against the re-election of Mrs Green and Mr Hawkins respectively. The vast majority of these shares were voted by one institution. The Board notes the reasons why the shares were voted in this way, but supports the democratic process which saw substantial support from shareholders with proxies representing 62.16% and 62.63% voting in favour of each of Mrs Green and Mr Hawkins' re-elections to the Board respectively.

At the time of the above meeting the Company's share capital consisted of 45,965,159 ordinary shares with voting rights and a further 8,653,348 ordinary shares held in treasury.

21 April 2020

Enquiries:

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

William Hemmings

Tel: [phone]

Luke Mason

Tel [phone]

Vistra Fund Services (Guernsey) Limited (Company Secretary)

Tel: [phone]

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

END

 

END

 

 

RAGSEFFDFESSEIL