11 Apr 2018 12:00
BIOPHARMA CREDIT PLC
(THE "COMPANY")
RESULT OF EXTRAORDINARY GENERAL MEETING
On 16 March 2018, the Board of Directors of the Company published a circular with recommended proposals for Independent Shareholders to approve certain Related Party Transactions arising with respect to certain Shareholders in the Company may wish to participate in the proposed issue of Issue Shares pursuant to the Placing Programme and Offer which was announced on 8 March 2018 and launched under the Prospectus published on 14 March 2018 (the "Issue").
The Company is pleased to announce that, at the Extraordinary General Meeting held today, all resolutions were passed on a show of hands.
Resolution 1 (ordinary resolution): to approve the related party transaction involving Invesco Asset Management Limited and its associates.
Resolution 2 (ordinary resolution): to approve the related party transaction involving Prudential plc and its associates.
The proxy votes received in relation to these resolutions were as follows:
Resolutions | Votes For | Votes Against | Votes at Chairman's Discretion | Votes Withheld |
|
|
|
|
|
Resolution 1 | 213,135,733 | 0 | 313,616 | 317,261,250 |
Resolution 2 | 393,138,463 | 0 | 313,616 | 137,258,520 |
A copy of the resolutions has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM
11 April 2018
Enquiries:
Buchanan
David Rydell / Mark Court / Jamie Hooper / Henry Wilson
+44 (0) 20 7466 5000
Biopharmacredit@buchanan.uk.com
Notes to Editors:
BioPharma Credit PLC is London's only listed specialist debt investor to the life sciences industry and joined the LSE in March 2017. The Company seeks to provide long-term shareholder returns, principally in the form of sustainable income distributions from exposure to the life sciences industry. The Company seeks to achieve this objective primarily through investments in debt assets secured by royalties or other cash flows derived from the sales of approved life sciences products.
LEI: 213800AV55PYXAS7SY24