11 Jun 2020 13:26
11 June 2020
NB Global Floating Rate Income Fund Limited
("NB Global" or the "Company")
Result of Annual General Meeting and Director Resignation
The Board of NB Global is pleased to announce that at the Annual General Meeting of the Company held earlier today, all of the proposed resolutions were approved by shareholders on a poll.
The Board also announces that effective today, Mr Richard Battey has retired from his position on the Board. Following Mr Battey's resignation, Mr David Staples has been appointed as Senior Independent Director. The Board wishes to express thanks to Mr Battey for his invaluable contribution to the Board during his time as a Director.
The number of shares voted in person or by proxy on the resolutions, of which resolutions 1-11 were proposed as ordinary resolutions and resolution 12 was proposed as a special resolution, were as follows:
1. THAT the Financial Statements of the Company for the year ended 31 December 2019 with the Report of the Directors and Auditors thereon be received and adopted.
381,931,748 votes were in favour of the resolution (100.00% of votes cast) and 4,078 votes were against (nil% of votes cast). No votes were withheld.
No votes were cast against and no votes were withheld.
2. THAT the Directors' Remuneration Report for the year ended 31 December 2019 be approved.
381,880,608 votes were in favour of the resolution (100.00% of votes cast) and 16,426 votes were against (nil% of votes cast). 38,792 votes were withheld.
3. THAT the Directors' Remuneration Policy be received and approved.
381,818,544 votes were in favour of the resolution (99.98% of votes cast) and 78,490 votes were against (0.02% of votes cast). 38,792 votes were withheld.
4. THAT Rupert Dorey be re-elected as a Director of the Company.
379,846,528 votes were in favour of the resolution (99.46% of votes cast) and 2,050,505 votes were against (0.54% of votes cast). 38,792 votes were withheld.
5. THAT Sandra Platts be re-elected as a Director of the Company.
317,724,141 votes were in favour of the resolution (95.34% of votes cast) and 15,530,531 votes were against (4.66% of votes cast). 48,681,151 votes were withheld.
6. THAT David Staples be re-elected as a Director of the Company.
379,846,528 votes were in favour of the resolution (99.46% of votes cast) and 2,050,505 votes were against (0.54% of votes cast). 38,792 votes were withheld.
7. THAT PricewaterhouseCoopers CI LLP be re-appointed as Auditors of the Company for the year ended 31 December 2019.
370,700,569 votes were in favour of the resolution (99.98% of votes cast) and 77,415 votes were against (0.02% of votes cast). 11,157,840 votes were withheld.
8. THAT the directors be authorised to fix the remuneration of the external auditor.
381,902,932 votes were in favour of the resolution (100% of votes cast) and 9,457 votes were cast against (nil% of votes cast). 23,436 votes were withheld.
9. THAT the Company continues its business as a closed-ended investment company.
379,607,216 votes were in favour of the resolution (99.39% of votes cast). 2,328,610 votes were cast against (0.61% of votes cast). No votes were withheld.
10. THAT the Company's dividend policy be approved.
381,931,748 votes were in favour of the resolution (100.00% of votes cast). 4,078 votes were cast against (nil% of votes cast). No votes were withheld.
11. THAT the Company be authorised to make market acquisitions of up to 14.99 per cent. of each class of its own shares.
381,926,369 votes were in favour of the resolution (100% of votes cast). 9,457 votes were cast against (nil% of votes cast). No votes were withheld.
12. THAT to authorise the Directors of the Company to disapply pre-emption rights.
379,519,714 votes were in favour of the resolution (99.37% of votes cast) and 2,400,757 votes were against (0.63% of votes cast). 15,355 votes were withheld.
ENDS
Enquiries:
Praxis Fund Services Limited
Company Secretary
Matt Falla/Gemma Woods
Tel: +44 (0) 1481 737 600
LEI: 549300P4FSBHZFALLG04