19 Oct 2012 15:45
19 October 2012
PME African Infrastructure Opportunities plc
("PME" or "the Company")
(AIM: PMEA.L)
Result of AGM held 19 October 2012
PME African Infrastructure Opportunities plc, the AIM listed fund, announces that the following six resolutions were duly passed at the Annual General Meeting held earlier today.
ORDINARY BUSINESS
1. That the Report of the Directors, the Auditors' Report and the Audited Consolidated Financial Statements of the Company for the financial year ended 31 December 2011 be adopted.
2. That PricewaterhouseCoopers, Isle of Man be re-appointed as Auditors of the Company for the year to 31 December 2012 and that the directors be authorised to determine the remuneration of the Auditors.
3. That Mr Lawrence Kearns be re-appointed a Director of the Company.
4. That the recommendations of the remuneration committee be accepted.
SPECIAL BUSINESS
5. That the Company's stated investing policy be amended as follows:
"The directors of the Company (the "Directors") will seek to realise the remaining assets of the Company at a time and under such conditions as the Directors may determine in order to maximise value on behalf of the shareholders of the Company ("Shareholders") and to return both existing cash reserves and the proceeds of realisation of the remaining assets to Shareholders."
6. That the return of capital to shareholders of the Company by means of one or more tender offers for shares be approved
Further enquiries:
Smith & Williamson Corporate Finance Limited | Azhic Basirov Siobhan Sergeant | +44 (0) 20 7131 4000 |
Oriel Securities Limited | Joe Winkley Neil Winward
| +44 (0) 20 7710 7800 |