Ruffer Regulatory News (RICA)

3 December 2021

RUFFER INVESTMENT COMPANY LIMITED

(a closed-ended investment company incorporated in Guernsey with registration number 41996)

(the "Company")

Result of Extraordinary General Meeting

The Board of the Company is pleased to announce that the resolution proposed at the extraordinary general meeting of the Company held earlier today (the "Resolution") was approved by shareholders on a poll. 

Terms used and not defined in this announcement shall have the meanings given to them in the circular to shareholders published by the Company on 15 November 2021 (the "Circular").

The number of shares voted in person or by proxy on the Resolution which was proposed as a special resolution was as follows:

Special Resolution

That the board of directors of the Company (or a duly authorised committee thereof) (the 'Board') be and is hereby empowered under the articles of incorporation of the Company (the 'Articles') to grant rights to subscribe for, to convert and to make offers or agreements to issue equity securities (as defined in the Articles) for cash as if the pre-emption rights contained in the Articles in respect of such equity securities did not apply to any such issue, provided that this power shall be limited to the issue of up to 56,190,854 redeemable participating preference shares of 0.01 pence each in the capital of the Company ('Shares') in connection with the Issue (as such term is defined in the circular to Shareholders dated 15 November 2021 (the 'Circular')) at a price of 296.5 pence per Share , and such authority will, unless previously revoked or varied, expire on 31 December 2021, save that the Company may, before such expiry, make an offer or agreement which would or might require Shares to be issued after such expiry and the Board may issue equity securities in pursuance of any such offer or agreement as if this power had not expired. The authority conferred by this resolution is in addition to any existing authority to allot equity securities (as defined in the Articles) on a non-pre-emptive basis.

59,669,524 votes were in favour of the Resolution (99.82% of votes cast) and 109,895 votes were against the Resolution (0.18% of votes cast). 80,924 votes were withheld on the Resolution and such votes have not been counted in determining the proportion of votes cast for or against the Resolution.

Total Voting Rights

On Admission of the Shares issued pursuant to the Issue, the Company's issued share capital will consist of 240,825,637 Shares with voting rights. This figure may be used by Shareholders in determining the denominator for the calculation by which they will establish if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Praxis Fund Services Limited

Company Secretary

Katrina Rowe

DDI: +44(0)1481 737673

Email: ric@praxisifm.com 

Investec Bank plc

Broker

David Yovichic

DDI: +44(0)20 7597 4952

Email: David.yovichic@investec.co.uk 

LEI 21380068AHZKY7MKNO47