Result of AGM
29 April 2014
The Renewables Infrastructure Group Limited (the "Company")
Result of Annual General Meeting
The Board of the Company is pleased to announce that each of the resolutions put to shareholders at the Annual General Meeting held on 29 April 2014 were passed. The details of each resolution are as follows:
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ORDINARY BUSINESS
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ORDINARY RESOLUTION 1
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To receive and consider the audited accounts, the Directors' report, the Directors' remuneration, and the Auditors' report for the period ended 31 December 2013.
The Chairman advised that the following votes on a poll had been received:
15,807,526 votes received were directed to be withheld. A vote withheld is not a vote in law and not counted in the calculation of the proportion of the votes for or against the resolution.
IT WAS RESOLVED THAT Ordinary Resolution 1 be and is hereby approved.
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ORDINARY RESOLUTION 2
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To re-elect Helen Mahy as a Director.
The Chairman advised that the following votes on a poll had been received:
5,640 votes received were directed to be withheld. A vote withheld is not a vote in law and not counted in the calculation of the proportion of the votes for or against the resolution.
IT WAS RESOLVED THAT Ordinary Resolution 2 be and is hereby approved.
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ORDINARY RESOLUTION 3
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To re-elect Jon Bridel as a Director.
The Chairman advised that the following votes on a poll had been received:
5,640 votes received were directed to be withheld. A vote withheld is not a vote in law and not counted in the calculation of the proportion of the votes for or against the resolution.
IT WAS RESOLVED THAT Ordinary Resolution 3 be and is hereby approved.
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ORDINARY RESOLUTION 4
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To re-elect Klaus Hammer as a Director.
The Chairman advised that the following votes on a poll had been received:
1,299,858 votes received were directed to be withheld. A vote withheld is not a vote in law and not counted in the calculation of the proportion of the votes for or against the resolution.
IT WAS RESOLVED THAT Ordinary Resolution 4 be and is hereby approved.
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ORDINARY RESOLUTION 5
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ORDINARY RESOLUTION 6
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THAT Deloitte LLP be re-appointed as auditors of the Company.
The Chairman advised that the following votes on a poll had been received:
5,122 votes received were directed to be withheld. A vote withheld is not a vote in law and not counted in the calculation of the proportion of the votes for or against the resolution.
IT WAS RESOLVED THAT Ordinary Resolution 6 be and is hereby approved.
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ORDINARY RESOLUTION 7
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THAT the Directors be authorised to agree the remuneration of the auditors.
The Chairman advised that the following votes on a poll had been received:
5,000 votes received were directed to be withheld. A vote withheld is not a vote in law and not counted in the calculation of the proportion of the votes for or against the resolution.
IT WAS RESOLVED THAT Ordinary Resolution 7 be and is hereby approved.
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ORDINARY RESOLUTION 8
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TO approve the proposed annual remuneration for routine business for each Director, as set out in the Report and Financial Statements, for the year ending 31 December 2014.
The Chairman advised that the following votes on a poll had been received:
72,715 votes received were directed to be withheld. A vote withheld is not a vote in law and not counted in the calculation of the proportion of the votes for or against the resolution.
IT WAS RESOLVED THAT Ordinary Resolution 8 be and is hereby approved.
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SPECIAL BUSINESS
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ORDINARY RESOLUTION 9
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THAT the Directors be, and hereby are, authorised to exercise their discretion under and in accordance with the Company's Articles of Incorporation and The Companies (Guernsey) Law, 2008, as amended to make market acquisitions (within the meaning of The Companies (Guernsey) Law, 2008, as amended) of the Ordinary Shares issued or to be issued by the Company, PROVIDED THAT: (i) the maximum number of Ordinary Shares authorised to be acquired is 14.99 per cent. of the Ordinary Shares in issue on the date of this resolution (excluding treasury shares); (ii) the minimum price (exclusive of expenses) which may be paid for any Ordinary Share is 0.01p; (iii) the maximum price (exclusive of expenses) which may be paid for any Ordinary Share is the amount equal to the higher of (i) 105 per cent. of the average of the middle market quotations for an Ordinary Share as derived from the Daily Official List of the London Stock Exchange for the five business days immediately preceding the day on which the share is acquired (ii) the price of the last independent trade and (iii) the highest current independent bid at the time of acquisition; (iv) the authority hereby conferred shall (unless previously renewed or revoked) expire on the date falling 18 months after the passing of this resolution or the next annual general meeting of the Company, whichever is the earlier; and (v) the Company may make a contract to purchase its own Ordinary Shares under the authority hereby conferred prior to the expiry of such authority which will or may be executed wholly or partly after the expiry of such authority, and may make a purchase of its own Ordinary Shares in pursuance of any such contract.
The Chairman advised that the following votes on a poll had been received:
5,122 votes received were directed to be withheld. A vote withheld is not a vote in law and not counted in the calculation of the proportion of the votes for or against the resolution.
IT WAS RESOLVED THAT Ordinary Resolution 9 be and is hereby approved.
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SPECIAL RESOLUTION 10 |
THAT the Directors be, and hereby are, empowered to allot (or sell Ordinary Shares held as treasury shares) up to 10 per cent of the Ordinary Shares of the Company in issue as at the date of this resolution, increasing to up to 10 per cent. of the Ordinary Shares of the Company in issue immediately after the conversion of the C shares issued pursuant to the Prospectus of the Company published on 10 March 2014, in each case for cash as if Article 7 of the Company's Articles of Incorporation did not apply to the allotment or sale for the period expiring on the date falling 15 months after the date of 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 or sold after such expiry and Ordinary Shares may be allotted or sold in pursuance of such an offer or agreement as if the power conferred by this resolution had not expired.
The Chairman advised that the following votes on a poll had been received:
11,269 votes received were directed to be withheld. A vote withheld is not a vote in law and not counted in the calculation of the proportion of the votes for or against the resolution.
IT WAS RESOLVED THAT Special Resolution 10 be and is hereby approved.
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In accordance with Listing Rule 9.6.2, a copy of the special business resolutions above has been forwarded to the National Storage Mechanism.
For further information, please contact:
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Christopher Copperwaite Dexion Capital (Guernsey) Limited
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+44 (0)1481 743940 |
This information is provided by RNS
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