15 Mar 2017 15:00
15 MARCH 2017
CHENAVARI CAPITAL SOLUTIONS LIMTED
RESULT OF EXTRAORDINARY GENERAL MEETING
Chenavari Capital Solutions Limited (the Company) announces that, at the extraordinary general meeting held today, the special resolution set out in the notice of meeting was duly passed by shareholders with a majority of 99.95%.
The passing of the resolution means that the Company's articles of incorporation are now changed to allow the compulsory redemption of Shares in connection with the return of unencumbered cash during the Company's realisation period.
The Board will declare on an ad hoc basis such compulsory partial redemptions of Ordinary Shares as it deems, in its absolute discretion, to be appropriate in order to return surplus capital to Shareholders on a timely basis and in a cost efficient manner.
The Company expects to announce details of the first compulsory redemption of Shares on or around 17 March 2017.
Details of the proxy votes lodged are set out below:
Special Resolution | For | Against | Withheld |
1 That the articles of incorporation in the form produced to the meeting and initialled by the Chairman of the meeting for the purposes of identification be and are hereby approved and adopted as the articles of incorporation of the Company in substitution for, and to the exclusion of, the existing articles of incorporation of the Company.
| 71,271,566 | 34,066 | 0 |
Further information in relation to the Company is available at:
http://www.chenavaricapitalsolutions.com/
Enquiries:
Chenavari Investment Managers
Kirstie Sumarno
Email: ccslir@chenavari.com
Telephone: +44 20 7259 3600
Fidante Capital
Robert Peel, Corporate Broking
Email: rpeel@fidante.com
Telephone: +44 20 7832 0983
CCSL.L (CCSL)