Last checked at 
20 Dec 2022 07:00
Majedie Investments PLC
Publication of a Circular and Notice of a General Meeting
Majedie Investments plc (the "Company") has today published a circular (the "Circular") including notice of a general meeting (the " General Meeting"), to be held at City of London Club, 19 Old Broad Street, London EC2N 1DS on 25 January 2023 at 11.45 a.m., at which Shareholders will be asked to approve the New Investment Objective and Policy.
Background
On 10 November 2022, the Board announced that, following an extensive review of the Company's investment management arrangements, the Company had entered into a conditional agreement to appoint Marylebone Partners LLP ("Marylebone Partners") as the Company's investment manager. The Board further announced that, in connection with the proposed appointment of Marylebone Partners and subject to Shareholder approval, the Board was proposing to amend the Company's investment objective and policy to follow a liquid endowment investment strategy.
The purpose of the Circular is to set out further detail on the New Investment Objective and Policy and the proposed appointment of Marylebone Partners (the "Proposals"), and to convene a general meeting of the Company (the "General Meeting").
The Proposals
A resolution will be proposed at the General Meeting to approve the New Investment Objective and Policy (the "Resolution").
The appointment of Marylebone Partners as the Company's investment manager is conditional upon Shareholders voting in favour of the Resolution to adopt the New Investment Objective and Policy at the General Meeting.
The Board considers that the Proposals and the Resolution to be proposed at the General Meeting are in the best interests of the Company and its Shareholders as a whole. Accordingly, the Board unanimously recommends that Shareholders vote in favour of the Resolution.
Expected Timetable
Latest time and date for receipt of Forms of Proxy from shareholders 11.45 a.m. on 23 January 2023
General Meeting 11.45 a.m. on 25 January 2023
Results of General Meeting announced 25 January 2023
Subject to shareholder approval Marylebone Partners' appointment as investment manager will take effect from 11.59 p.m. on 25 January 2023 and its appointment as AIFM is expected to take place in Q2 2023.
Availability of the Circular
The Circular is being posted to Shareholders today.
A copy of the Circular will shortly be available to view on the Company's website at www.majedieinvestments.com. In accordance with LR 9.6.1R, a copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Defined terms in the announcement have the same meaning as set out in the Circular.
For further information please contact:
Majedie Investments PLC +44 (0)20 7382 8185
William Barlow
J.P. Morgan Cazenove +44 (0)20 7742 4000
William Simmonds
Rupert Budge
LEI: 2138007QEY9DYONC2723