20 Mar 2017 11:36
20 March 2017
HICL Infrastructure Company Limited
Results of Extraordinary General Meeting
The Directors of the Company are pleased to announce the results of voting at the extraordinary general meeting of the Company held at 9:30 AM on Monday, 20 March 2017 at the offices of Aztec Group, East Wing, Trafalgar Court, Les Banes, St Peter Port, Guernsey (the "EGM").
The notice of the EGM and proposed agenda and resolutions were circulated to shareholders and announced to the market on 23 February 2017.
Each of the resolutions proposed at the EGM were duly passed. Voting was conducted by a show of hands and inclusive of votes received by the Company by way of proxy, either by post, web voting or via CREST, by no later than 9:30 AM on Thursday, 16 March 2017.
Total votes of 715,170,794 were cast at the EGM1. The results of the voting2 are noted as follows:
Special Resolutions3
Resolution | Votes For | Votes Against | Votes Withheld4 |
To approve the Issue and the allotment of up to 163,522,013 New Ordinary Shares in connection with the Issue | 98.95% | 1.05% | Less than 0.01% |
To waive pre-emption rights in connection with the allotment of up to 10 per cent. of the Ordinary Shares in issue immediately following completion of the Issue until the sooner of the Company's next AGM or 15 months from the passing of the resolution. | 99.99% | 0.01% | Less than 0.01% |
A copy of this announcement will be available on the Company's website and, in accordance with Listing Rule 9.6.2, the full text of the resolutions passed at the EGM has been submitted to the National Storage Mechanism and will be available at http://www.morningstar.co.uk/uk/NSM
Notes:
1. The latest total voting rights of the Company were disclosed on 30 December 2016 and were unchanged at the time of issuing the notice of and convening the EGM, being 1,458,943,663 voting rights.
2. Pursuant to sections 176(3) and 1784(4) of the Companies (Guernsey) Law, 2008, ordinary and special resolutions of the members of the Company are passed on a show of hands if passed by members who vote in person and by persons who vote as duly appointed proxies of members entitled to vote. This means that the resolutions are passed by the requisite majority of votes cast at the EGM, not as a majority of the total voting rights.
3. Special resolutions are passed if more than 75% of votes are cast in favour of the resolution.
4. A vote withheld is not a vow in law and is not counted in the calculation of the proportion of votes "for" and "against" a particular resolution.
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Enquiries
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Tony RoperKeith PickardHarry Seekings
Tulchan Communications +44 (0) 20 7353 4200
David AllchurchLatika Shah
Canaccord Genuity Limited +44 (0) 20 7523 8000
Dominic WatersNeil BrierleyWill BarnettDavid Yovichic
HICL Infrastructure Company Limited
HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "HICL Group") is a long term investor in infrastructure assets which are predominantly operational and yielding steady returns. It was the first infrastructure investment company to be listed on the London Stock Exchange. With a current portfolio of 114 infrastructure investments, HICL is seeking further suitable opportunities, which are positioned at the lower end of the risk spectrum, in three target markets segments: PPPs; regulated assets; and demand-based assets.
Further details can be found on the HICL website, www.hicl.com.
Investment Adviser
The Investment Adviser to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in over 200 infrastructure projects since 1997. InfraRed is a leading international investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney. With over 120 professionals it manages in excess of USD 9bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe. InfraRed is authorised and regulated by the Financial Conduct Authority.
The infrastructure investment team at InfraRed consists of 60 investment professionals, all with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.
InfraRed implements best-in-class practices to underpin asset management and investment decisions, promotes ethical behaviour and has established community engagement initiatives to support good causes in the wider community. InfraRed is a signatory of the Principles of Responsible Investment.
Further details can be found on InfraRed's website, www.ircp.com.
HICL Infrastructure (HICL)