AGM Statement

RNS Number : 7440W

Qatar Investment Fund PLC

16 November 2017

 

Legal Entity Identifier: 2138009DIENFWKC3PW84

16 November 2017

Qatar Investment Fund plc

(the "Company")

2017 Annual General Meeting Results

The Board of Qatar Investment Fund plc (QIF.L) announces that at the Annual General Meeting ("AGM") held today at 11.00 a.m., all resolutions were duly passed on a poll. The results are shown below.

ORDINARY BUSINESS

Resolution 1

The Report of the Investment Manager and Investment Adviser, Report of the Directors, Directors' Remuneration Report, Auditors' Report and the Audited Consolidated Financial Statements of the Company for the year ended 30 June 2017 be approved with 71,235,459 votes cast in favour, no votes cast against and no abstentions.

Resolution 2

The final dividend of USD 3.0 cents per ordinary share for the year ended 30 June 2017 was approved with 71,235,459 votes cast in favour, no votes cast against and no abstentions.

Resolution 3

KPMG Audit LLC Isle of Man was re-appointed as auditors of the Company for the year ending 30 June 2018 with 71,227,217 votes cast in favour, no votes cast against and 8,242 abstentions.

Resolution 4   

Mr David Humbles who retires in accordance with the Articles of Association be re-elected a director of the Company with 71,235,459 votes cast in favour, no votes cast against and no abstentions.

Resolution 5   

Mr Paul Macdonald who retires in accordance with the Articles of Association be re-elected a director of the Company with 71,235,459 votes cast in favour, no votes cast against and no abstentions.

Resolution 6   

Mr Nicholas Wilson who retires in accordance with the Articles of Association be re-elected a director of the Company with 71,235,459 votes cast in favour, no votes cast against and no abstentions.

Resolution 7   

Mr Neil Benedict who retires in accordance with the Articles of Association be re-elected a director of the Company with 71,235,459 votes cast in favour, no votes cast against and no abstentions.

SPECIAL BUSINESS

Resolution 8

That the Company generally and unconditionally be authorised to make market purchases of ordinary shares of US$0.01 each provided that: (a) the maximum aggregate number of ordinary shares that may be purchased is 15,399,933 (being the equivalent of 14.99% of the Company's issued share capital as at 6 September 2017); (b) the minimum price (excluding expenses) which may be paid for each ordinary share is US$0.01 being the nominal value per ordinary share; (c) the maximum price (excluding expenses) which may be paid for each ordinary share is the higher of: (i) 105 per cent of the average market value of an ordinary share in the Company for the five business days prior to the day the purchase is made; and (ii) the value of an ordinary share calculated on the basis of the higher of the price quoted for (I) the last independent trade of and (II) the highest current independent bid for, any number of the Company's ordinary shares on the trading venue where the purchase is carried out; and (d) the authority conferred by this resolution shall expire on 16 November 2018 or, if earlier, at the conclusion of the Company's next annual general meeting save that the Company may, before the expiry of the authority granted by this resolution, enter into a contract to purchase ordinary shares which will or may be executed wholly or partly after the expiry of such authority. All Shares purchased pursuant to the above authority shall be either: (i) held, sold, transferred or otherwise dealt with as treasury shares; or (ii) cancelled immediately upon completion of the purchase, with 71,235,459 votes cast in favour, no votes cast against and no abstentions.

Resolution 9

That the rights of holders of equity securities in the Company to receive a pre-emptive offer of equity securities pursuant to Article 5A.2 of the Company Articles of Association shall be and is hereby excluded in respect of 10,273,471 Ordinary shares, this exclusion to expire immediately prior to the annual general meeting of the Company to be held in 2018, was approved with 71,227,217 votes cast in favour, no votes cast against and 8,242 abstentions.

A copy of resolutions 8 and 9 will be submitted to the National Storage Mechanism and will be available for inspection at: http://www.morningstar.co.uk/uk/NSM

The total number of votes cast was 71,235,459 which represents 69.34% of the Company's total voting rights.

For further information:

Qatar Investment Fund Plc [phone]

Nick Wilson

Panmure Gordon [phone]

Richard Gray / Andrew Potts / Atholl Tweedie

Maitland [phone]

William Clutterbuck / Cebuan Bliss

Galileo Fund Services Limited [phone]

Ian Dungate

 

END

 

 

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