Result of EGM

RNS Number : 9699Z

HICL Infrastructure Company Ld

23 March 2012

 



23 March 2012

HICL Infrastructure Company Limited (the "Company")

Result of Extraordinary General Meeting

The Board of the Company is pleased to announce that each of the special resolutions put to shareholders at the Extraordinary General Meeting held on 23 March 2012 were passed.  The details of each such resolution are as follows: 

ORDINARY RESOLUTION 1	The Chairman reported that the following votes had been received: Nominal Percentage In Favour 202,695,856 99.99 Against 11,183 0.01 IT WAS RESOLVED THAT the allotment by the Directors of up to 250 million C Shares be and is hereby approved, provided that such approval shall expire on 30 April 2012, and provided further that the Company may, before such expiry, make an offer or agreement which would or might require C Shares to be allotted after such expiry and C Shares may be allotted in pursuance of such an offer or agreement as if the approval under this had not expired.
ORDINARY RESOLUTION 2	The Chairman reported that the following votes had been received: Nominal Percentage In Favour 201,450,537 99.67 Against 669,544 0.33 IT WAS RESOLVED THAT the proposed purchase by the Group from InfraRed Principal Book Limited Partnership of a 19.5 per cent. stake in the Connect Project on such terms as may be agreed by the Group  and InfraRed Principal Book Limited Partnership, subject to all other actions necessary to effect such purchase, be and is hereby approved.
SPECIAL RESOLUTION 1	The Chairman reported that the following votes had been received: Nominal Percentage In Favour 202,615,850 99.96 Against 91,189 0.04 IT WAS RESOLVED THAT the authorised share capital of the Company be and is hereby increased from £100,000 divided into 100 Management Shares of 0.01 pence each and 999,999,900 unclassified shares of 0.01 pence each to £200,000, divided into 100 Management Shares of 0.01 pence each and 1,999,999,900 unclassified shares of 0.01 pence each and that the Company's memorandum of incorporation and the Articles be and hereby are amended accordingly.
SPECIAL RESOLUTION 2	The Chairman reported that the following votes had been received: Nominal Percentage In Favour 202,561,164 99.93 Against 145,875 0.07 IT WAS RESOLVED THAT the Directors be and hereby are empowered to allot up to 10.0 per cent. of the Ordinary Shares of the Company in issue immediately following the conversion into Ordinary Shares of the C Shares issued under the Issue for cash as if Article 9 of the Company's Articles did not apply to the allotment for the period expiring on the date falling 15 months after the date of the passing of this resolution or the conclusion of the next annual general meeting of the Company, whichever is the earlier, provided that the Company may before such expiry, make an offer or agreement which would or might require Ordinary Shares to be allotted after such expiry and Ordinary Shares may be allotted in pursuance of such an offer or agreement as if the power conferred by this resolution had not expired. The Chairman noted that a vote withheld is not a vote in law and had not been counted in the calculation of the proportion of the votes for or against a resolution.

 In accordance with Listing Rule 9.6.2, a copy of the special resolutions above have been forwarded to the National Storage Mechanism.

For further information, please contact:

Gillian Newton/Christopher Copperwaite Dexion Capital (Guernsey) Limited

[phone]/732815

 

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