Result of AGM

Fenikso Limited

03 July 2023

 

03 July 2023

Fenikso Limited

("Fenikso" or "the Company")

Results of Annual General Meeting

Fenikso Limited (AQSE: FNK), the Cayman Islands litigation asset company, announces the results of its Annual General Meeting ("AGM") of the Company held on 30 June 2023.

Following a vote by shareholders with a combined share capital of 220,575,789 ordinary shares representing 36.80% of the issued share capital of the Company, results on each of the resolutions put to the AGM are as set out below. Resolutions 1 to 8 were ordinary resolutions requiring a simple majority of votes cast to pass. Resolutions 9 and 10 were special resolutions requiring a majority of not less than 75% of votes cast to pass.  All of the resolutions put to the AGM were duly passed.

Resolution	Voting Result
	For		Against
1     Approve Annual Reports and Accounts	220,559,465	99.99%	16,324	0.01%
2     Re-elect Thomas Richardson as a director	220,550,222	99.99%	25,867	0.01%
3     Re-elect Marco D'Attanasio as a director	220,550,222	99.99%	25,867	0.01%
4     Re-elect Olapade Durotoye as a director	220,550,222	99.99%	25,867	0.01%
5     Re-appoint Bright Grahame Murray as auditors	220,550,222	99.99%	25,867	0.01%
6     Authorise remuneration of auditors	220,525,222	99.99%	25,867	0.01%
7     Approve electronic distribution of Annual Returns and Financial Statements	220,576,089	100.00%	0	0%
8     Authority for Directors to allot up to 198,000,000 ordinary shares	171,602,457	77.80%	48,973,632	22.20%
9     Disapplication of shareholder pre-emption rights in respect of up to 59,939,642 ordinary shares issued for cash consideration	171,602,457	77.80%	48,973,632	22.20%
10 Authority for Directors to make market purchases of up to 59,939,642 ordinary shares	220,576,089	100.00%	0	0%

The Company notes that more than 20% of the votes cast on resolutions 8 and 9 were voted against such resolutions (although such resolutions were validly passed). The Company intends to engage with its major shareholders to understand the basis for such votes.

For further information, please visit www.feniksoltd.com or contact:

Fenikso Limited Thomas Richardson, Chairman	[e-mail]
First Sentinel Corporate Finance (AQSE Corporate Adviser) Brian Stockbridge	[phone]

 

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