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25 May 2022 16:00
25 May 2022
SLF Realisation Fund Limited
(the "Company")
AGM Results Update Statement
LEI: 2138007S3YRY3IUU4W39
At the time of the AGM on 29 November 2021, the Company received votes against Resolution 6 (Approval of one-off bonus) and Resolution 7 (Approval of the Incentive Plan) which represented 27.47% and 27.05% of those shares voting at the meeting.
The Board believes that certain investors may have had some concerns regarding the payment of performance incentive arrangements. Some of these concerns were addressed in the RNS dated 22 November 2021. The Board is of the view that the policy is important in aligning the incentives of those responsible for implementing the investment policy of the Company with shareholder interests.
The Board has overseen the successful revision of the management arrangements now in place, further details of which were set out in the announcement on 10 January 2022. The Board is satisfied that the Company is now operating efficiently and whilst much work remains to be done, the realisation program has advanced significantly since shareholders approved the new investment policy.
The Board intends to take no further action.
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