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Aberdeen Pvt Eqt Fnd (APEF)

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Friday 15 September, 2017

Aberdeen Pvt Eqt Fnd

Result of AGM

RNS Number : 9095Q
Aberdeen Private Equity Fund Ltd
15 September 2017
 

15 September 2017

Aberdeen Private Equity Fund Limited

Results of Annual General Meeting

 

The Board of Aberdeen Private Equity Fund Limited announces that, at the Annual General Meeting of the Company held today, 15 September 2017, Ordinary Resolutions 1 to 7 and Special Resolution 9 put to the meeting were approved by shareholders by way of poll.

 

Special Resolution 8 was approved by a majority of shareholders but failed to achieve the requisite 75% majority and therefore, did not pass.

 

Details of the proxy votes lodged are set out below:

 

Ordinary Resolutions

For*

Against

Withheld**

1. To receive and adopt the Financial Statements of the Company for the year ended 31 March 2017

91,898,362

58

2,891,340

2. To receive and adopt the Directors' Remuneration Report

91,865,358

33,062

2,891,340

3.  To approve the Directors' Remuneration Policy

91,865,358

33,062

2,891,340

4.  To approve the payment of a final dividend of 2.0 pence per share

91,898,362

58

2,891,340

4. To re-elect Mr D Copperwaite as a Director

91,896,449

1,058

2,892,253

6.  To appoint PricewaterhouseCoopers CI LLP as Auditors to the Company

73,190,373

18,704,047

2,895,340

7.  To approve that the Company continue its business as a closed-ended investment company

66,736,677

28,053,083

0

Special Resolutions




8. To authorise the Directors to allot shares in the Company

64,154,337

27,740,083

2,895,340

9. To authorise the Company to make market purchases of its own shares

91,866,174

28,246

2,895,340

 

The Board of Directors notes the votes against Resolution 6 and will engage further with those shareholders to understand their views.

 

The Board of Directors further notes the votes against Resolutions 7 and 8. These votes were cast by a small number of shareholders and predominantly by one shareholder who recently came onto the Company's register. The Board will engage further with this shareholder.

 

The full text of the resolutions may be found in the Notice of Annual General Meeting contained in the Report and Financial Statements for the year ended 31 March 2017, copies of which are available on both the Company's website www.aberdeenprivateequity.co.uk and on the National Storage Mechanism www.morningstar.co.uk/uk/NSM***


A copy of the Special Resolution passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM***

 

 

* Includes discretionary votes received

** A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution

*** Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement

 

Enquiries:

Company Secretary and Administrator

Ipes (Guernsey) Limited

Nicholas Robilliard

01481 713843


This information is provided by RNS
The company news service from the London Stock Exchange
 
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