Result of AGM

RNS Number : 7291W

Qatar Investment Fund PLC

11 November 2014

 



11 November 2014

Qatar Investment Fund plc

(the "Company")

2014 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 - ORDINARY RESOLUTIONS

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 2014.

 Resolution 2

The final dividend of USD 3.5 cents per ordinary share for the year ended 30 June 2014 was approved.

Resolution 3

KPMG Audit LLC Isle of Man was re-appointed as auditors of the Company for the year ending 30 June 2015.

Resolution 4

Mr Paul Macdonald, who retired in accordance with the Articles of Association, was re-elected a director of the Company.

Resolution 5

Mr Nicholas Wilson, who retired in accordance with the Articles of Association, was re-elected a director of the Company.

Resolution 6

Mr Neil Benedict, who retired in accordance with the Articles of Association, was re-elected a director of the Company.

Resolution 7

Mr Leonard O'Brien, who retired in accordance with the corporate governance codes adopted by the Nomination Committee of the Company, was re-elected a director of the Company.

SPECIAL BUSINESS - ORDINARY RESOLUTIONS

Resolution 8

The Company was generally and unconditionally 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 23,209,973 (being the equivalent of 14.99% of the Company's issued share capital at the date of Notice of Annual General Meeting); (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 23 December 2015 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.

SPECIAL BUSINESS - SPECIAL RESOLUTION

Resolution 9

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 15,483,638 ordinary shares, this exclusion to expire immediately prior to the annual general meeting of the Company to be held in 2015, was approved.

A copy of the ordinary resolution 8 and the special resolution 9 will be submitted to the National Storage Mechanism and will be available for inspection at: www.hemscott.com/nsm.do.

For further information:

Qatar Investment Fund plc [phone]

Nick Wilson

Panmure Gordon [phone]

Andrew Potts

Maitland [phone]

William Clutterbuck / Robbie Hynes

Galileo Fund Services Limited [phone]

Ian Dungate / David Parnell

 

END

 

 

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