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7 Feb 2014 11:24
7 February 2014
John Laing Infrastructure Fund Limited ("the "Company")
Results of Extraordinary General Meeting
The Company is pleased to announce that at the extraordinary general meeting ("EGM") of the Company held at 10.30 am today, 7 February 2014, each of the resolutions listed below (each a "Resolution" and together the "Resolutions") was duly passed without amendment.
In accordance with UK Listing Rule 9.6.18R, details of those Resolutions passed are as follows:
Resolution | Votes For (including discretionary) | Votes Against | Votes Withheld* |
1 - Ordinary | 408,214,102 (99.97%) | 103,676 (0.03%) | 1,559,599 |
2 - Ordinary | 408,310,066 (99.99%) | 40,000 (0.01%) | 1,527,311 |
3 - Ordinary | 408,281,566 (99.99%) | 40,000 (0.01%) | 1,555,811 |
4 - Ordinary | 373,829,660 (99.99%) | 40,000 (0.01%) | 36,007,717 |
*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the Resolution.
The full wording of these Resolutions can be found below:-
Resolution 1 - Ordinary Resolution
THAT the Company's investment policy be amended to increase the limit on Investment Capital in projects under construction from 15 per cent. to 30 per cent. of Total Assets.
Resolution 2 - Ordinary Resolution
THAT the Company's investment policy be amended to allow the acquisition of infrastructure assets that are not government-backed PPP assets but that have substantially the same risk profile and characteristics as PPP assets, to a limit of up to 10 per cent. of Total Assets.
Resolution 3 - Ordinary Resolution
THAT, subject to the passing of Resolution 4, the Company adopt the proposed changes to the investment policy, other than the changes proposed by Resolution 1 and Resolution 2, as set out in Part III of the circular sent to Shareholders dated 21 January 2014 ("Circular").
Resolution 4- Ordinary Resolution
THAT the Amended Existing FOA and the New FOA as described in the Circular be approved.
The number of shares in respect of which proxies were received for the EGM of the Company was approximately 409,877,377. The number of shares currently in issue is 766,294,564.
In accordance with UK Listing Rule 9.6.2R copies of the Resolutions passed at the EGM have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.
For further information, please contact:
RLM Finsbury 020 7251 3801
Faeth Birch
Philip Walters
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