RESULT OF GENERAL MEETING

RNS Number : 5698K

Acorn Income Fund Ld

22 August 2012

 



ACORN INCOME FUND LIMITED (THE "COMPANY")

RESULT OF GENERAL MEETING

In accordance with the provisions of E.2.2 of the UK Corporate Governance Code the Company advises that for the ordinary resolutions put to members at the General Meeting held on 22 August 2012 valid proxy appointments were made in respect of 732,847 voting shares and voting was as follows:

IT WAS RESOLVED to receive the Annual Financial Report for the year ended 31 December 2011.  (732,847 votes cast, all in favour, and none withheld.)

IT WAS RESOLVED to reappoint KPMG Channel Islands Limited as Auditor to the Company, to hold office from the conclusion of this meeting until the conclusion of the next  general meeting to be held in 2013 under section 199 of the Company's (Guernsey) Law, 2008, as amended and to authorise the directors to determine its remuneration. (732,847 votes cast, all in favour, and none withheld.)

IT WAS RESOLVED to re-elect John Nigel Ward as a director. (732,847 votes cast, all in favour, and none withheld.)

IT WAS RESOLVED that the Company be authorised to allot Ordinary Shares and to sell Ordinary Shares from treasury on the terms set out in the Notice of General Meeting dated 23 May 2012 (the "Notice of Meeting").  (732,847 votes cast, all in favour and none withheld.)

IT WAS RESOLVED that the Company be authorised to sell Ordinary Shares from treasury and to issue new Ordinary Shares on the terms set out in the Notice of Meeting. (732,847 votes cast, all in favour and none withheld.)

IT WAS RESOLVED thatthe Company be authorised to make market acquisitions of Zero Dividend Preference Shares in the Company on the terms set out in the Notice of Meeting. (732,847 votes cast, all in favour and none withheld.)

IT WAS RESOLVED that the Company be authorised to make market acquisitions of Ordinary Shares in the Company on the terms set out in the Notice of Meeting. (732,847 votes cast, all in favour and none withheld.)

The Company advises that for the special resolution put to members at the General Meeting held on 22 August 2012 valid proxy appointments were made in respect of 732,847 voting shares and voting was as follows:

The Special Resolution that the Company be empowered to sell Ordinary Shares for cash otherwise than pro rata to existing Ordinary Shareholders on the terms set out in the Notice of Meeting was not carried, with 732,847 votes cast, 532,847 in favour, 200,000 votes against and none withheld.

For further information contact:

Anson Fund Managers Limited

Secretary                               

Tel: [phone]

22 August 2012

E&OE - in transmission

 

END

 

 

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