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16 Dec 2020 18:13
Secured Income Fund plc
(the "Company")
LEI: 213800TR2S2TT6PKVH57
16 December 2020
Results of General Meeting
The Board of Secured Income Fund plc announces that, at the annual general meeting of the Company held earlier today, all of the proposed resolutions were approved by shareholders.
Defined terms have the meaning given to them in the Notice of AGM.
Details of the number of proxy votes cast for, against and withheld in respect of the Resolutions (each of which was held on a poll) are set out below and will also be published on the Company's website, https://kkvim.com/secured-income-fund/
Resolution | For | Abstain | Against | Result | |
As Ordinary Business | |||||
Ordinary Resolution 1 | To receive annual report and accounts. | 37,036,662 | 42,338 | 0 | Resolution carried |
Ordinary Resolution 2 | To approve Directors' Remuneration Policy. | 34,896,062 | 42,338 | 2,140,600 | Resolution carried |
Ordinary Resolution 3 | To approve Directors' Remuneration Report. | 37,036,062 | 42,338 | 600 | Resolution carried |
Ordinary Resolution 4 | To re-elect RSM UK Audit LLP as auditor. | 37,036,662 | 42,338 | 0 | Resolution carried |
Ordinary Resolution 5 | To authorise Audit and Valuation Committee to determine auditor's remuneration. | 37,036,662 | 42,338 | 0 | Resolution carried
|
Ordinary Resolution 6 | To re-elect Gaynor Coley as a Director. | 37,036,662 | 42,338 | 0 | Resolution carried
|
Ordinary Resolution 7 | To re-elect David Stevenson as a Director. | 33,278,662 | 42,338 | 3,758,000 | Resolution carried
|
Ordinary Resolution 8 | To elect Brett Miller as a Director. | 31,523,662 | 42,338 | 5,513,000 | Resolution carried
|
As Special Business | |||||
Ordinary Resolution 9 | To authorise market purchases by the Company of shares representing 14.99% of the Company's issued Ordinary Share capital. | 18,571,496 | 0 | 18,485,404 | Resolution carried
|
The Board has considered the results of the AGM today and notes the level of votes cast against resolution 9 (the buyback resolution) by a number of shareholders. Following the outcome of today's vote we will contact shareholders to discuss these matters. For the foreseeable future the Board has no intention of making any share buybacks.
Alternate Director Appointment
The Board announces the appointment of Mr Douglas Armstrong as an alternate independent, non-executive Director for Mr David Stevenson with effect from the start of the Annual General Meeting until the conclusion of the Annual General Meeting. Mr Armstrong is a solicitor at Dickson Minto W.S., the Company's lawyers. Mr Armstrong acted as Chairperson of the meeting.
There is no other information required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules in relation to this appointment.
Enquiries:
Directors David Stevenson (Chair)
Susan Gaynor Coley
Brett Miller |
tel: +44 7973 873785
tel: +44 7977 130673
tel: +44 7770 447338
|
KKV Investment Management Ltd Catherine Halford Riera Nicola Bird
| tel: +44 20 7429 2200 |
finnCap Ltd. Corporate Finance: William Marle / Giles Rolls Sales: Mark Whitfeld | tel: +44 20 7220 0500 |
Notes:
Neither the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.
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