TIDMSEQI
RNS Number : 0892I
Sequoia Economic Infra Inc Fd Ld
02 August 2023
2 August 2023
Sequoia Economic Infrastructure Income Fund Limited
(the "Company")
Result of Annual General Meeting and Retirement of Non-Executive
Director
The Company is pleased to announce that at the Annual General
Meeting (the "AGM") of the Company held at 10.00am today, 2 August
2023, each of the proposed resolutions were duly passed on a poll
.
As previously announced Mrs Sarika Patel did not stand for
re-election at the AGM and has retired as a non-executive director
of the Company effective today. The Board wishes to express its
sincere thanks to Mrs Patel for her invaluable contribution to the
Board and as Chair of the Audit Committee. Mrs Fiona Le Poidevin
will take the position of Chair of the Audit Committee going
forward.
The number of shares voted in person or by proxy on the
resolutions proposed at the AGM, of which resolutions
1 to 11 were proposed as ordinary resolutions and resolutions 12
and 13 were proposed as special resolutions, were as follows:
1. To receive the Financial Statements and Directors' Report for
the year ended 31 March 2023.
979,576,222 votes were in favour of the resolution (99.99% of
votes cast) and 74,930 votes were against (0.01% of votes cast).
37,477,406 votes were withheld.
2. To approve the Directors' Remuneration Report for the year ended 31 March 2023.
979,315,203 votes were in favour of the resolution (99.97% of
votes cast) and 294,079 votes were against (0.03% of votes cast).
37,519,276 votes were withheld.
3. THAT Robert Jennings be re-elected as a director of the Company.
1,009,529,381 votes were in favour of the resolution (99.26%of
votes cast) and 7,546,978 votes were against (0.74% of votes cast).
52,199 votes were withheld.
4. THAT Sandra Platts be re-elected as a director of the Company.
941,709,497 votes were in favour of the resolution (92.59% of
votes cast) and 75,366,862 votes were against (7.41% of votes
cast).52,199 votes were withheld.
5. THAT Mr James Stewart be re-elected as a director of the Company.
1,009,544,781 votes were in favour of the resolution (99.26% of
votes cast) and 7,531,578 votes were against (0.74% of votes cast).
52,199 votes were withheld.
6. THAT Mr Timothy Drayson be re-elected as a director of the Company.
1,016,883,109 votes were in favour of the resolution (99.98% of
votes cast) and 195,250 votes were against (0.02% of votes cast).
50,199 votes were withheld.
7. THAT Mrs Fiona Le Poidevin be elected as a director of the Company.
864,587,764 votes were in favour of the resolution (85.01% of
votes cast) and 152,488,595 votes were against (14.99% of votes
cast). 52,199 votes were withheld.
8. THAT Grant Thornton Limited, who have indicated their
willingness to continue in office, be re-appointed as auditors of
the Company to hold office from the conclusion of this annual
general meeting until the conclusion of the next annual general
meeting of the Company.
1,016,889,318 votes were in favour of the resolution (99.98% of
votes cast) and 214,460 votes were against (0.02% of votes cast).
24,780 votes were withheld.
9. THAT the Directors be authorised to determine the
remuneration of the auditors for their next period of office.
1,016,952,889 votes were in favour of the resolution (99.99% of
votes cast) and 137,495 votes were against (0.01% of votes cast).
38,174 votes were withheld.
10. To approve the Company's dividend policy set out in the
prospectus published by the Company on
10 February 2020.
1,017,028,848 votes were in favour of the resolution (99.99% of
votes cast) and 54,979 votes were against (0.01% of votes cast).
44,731 votes were withheld.
11. THAT in accordance with Article 31A of the Articles, the
Directors be and are hereby authorised to offer to any holders of
Ordinary Shares (excluding any member holding Ordinary Shares as
treasury shares) the right to elect to receive Ordinary Shares
credited as fully paid, instead of cash in respect of the whole (or
some part to be determined by the Directors) of all or any
dividends declared or paid during the period from the date hereof
and ending prior to the date of the annual general meeting of the
Company to be held in 2024, on such terms as the Directors may
determine.
1,016,959,229 votes were in favour of the resolution (99.99% of
votes cast) and 114,549 votes were against (0.01% of votes cast).
54,780 votes were withheld.
12. THAT the Company be and is hereby generally and
unconditionally authorised in accordance with Section 315 of The
Companies (Guernsey) Law, 2008 (as amended) (the "Law") to make
market acquisitions (as defined in the Law) of its Ordinary Shares,
provided that:
a. the maximum aggregate number of Ordinary Shares hereby
authorised to be purchased is such number as represents 14.99% of
the Ordinary Shares in issue immediately following the passing of
this resolution;
b. the minimum price (exclusive of expenses) which may be paid
for an Ordinary Share is 1 pence;
c. the maximum price (exclusive of expenses) which may be paid
for an Ordinary Share shall be not more than the higher of (i) 5%
above the average market value of an Ordinary Share for the five
business days prior to the day the purchase is made and (ii) the
value of an Ordinary Share calculated on the basis of the higher of
the price quoted for the last independent trade and the highest
independent bid for any number of the Ordinary Shares on the
trading venue where the purchase is carried out;
d. the authority hereby conferred shall expire at the conclusion
of the next annual general meeting of the Company held in 2024 or
18 months from the date of this resolution, whichever is the
earlier, unless such authority is varied, revoked or renewed prior
to such time; and
e. the Company may make a contract to purchase Ordinary Shares
under the authority hereby conferred prior to the expiry of such
authority which will or may be executed wholly or partly after the
expiration of such authority and may make an acquisition of
Ordinary Shares pursuant to any such contract.
1,011,826,160 votes were in favour of the resolution (99.48% of
votes cast) and 5,288,383 votes were against (0.52% of votes cast).
14,015 votes were withheld.
13. THAT in substitution for all existing authorities to
disapply pre-emption rights pursuant to the special resolution of
the Company dated 4 August 2021 the Directors be and are hereby
authorised to allot and issue (or sell from treasury) equity
securities (within the meaning of the Articles) for cash, as if
Article 5.1 of the Articles did not apply to any such allotment and
issue, up to an aggregate amount not exceeding 10% of the Ordinary
Shares in issue immediately following the passing of this
resolution; provided that this authority shall expire at the
conclusion of the next annual general meeting of the Company to be
held in 2024 unless such authority is renewed, varied or revoked by
the Company, save that the Company may prior to the expiry of such
period make any offer or agreement which would or might require
such shares to be issued (or sold from treasury) or rights to be
granted after such expiry and the Directors may issue (or sell from
treasury) such shares (or to grant rights to subscribe for or to
convert any securities into shares) in pursuance of any such offer
or agreement as if the authority conferred hereby had not
expired.
939,057,944 votes were in favour of the resolution (95.86% of
votes cast) and 40,575,038 votes were against (4.14% of votes
cast). 37,495,576 votes were withheld.
Note - a vote withheld is not a vote in law and has not been
counted in the votes for and against a resolution.
For further information please contact:
Sequoia Investment Management
Company
Steve Cook
Dolf Kohnhorst
Randall Sandstrom
Greg Taylor
Anurag Gupta +44 (0)20 7079 0480
Jefferies International Limited
(Corporate Broker & Financial
Adviser)
Gaudi Le Roux
Stuart Klein +44 (0) 20 7029 8000
Teneo (Financial PR)
Martin Pengelley
Elizabeth Snow +44 (0)20 7353 4200
Sanne Fund Services Limited
(Company Secretary)
Matt Falla
Lisa Garnham +44 (0) 20 3530 3107
About Sequoia Economic Infrastructure Income Fund Limited
The Company seeks to provide investors with regular, sustained,
long-term distributions and capital appreciation from a diversified
portfolio of senior and subordinated economic infrastructure debt
investments. The Company is advised by Sequoia Investment
Management Company Limited.
LEI: 2138006OW12FQHJ6PX91
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGUURAROSUWRAR
(END) Dow Jones Newswires
August 02, 2023 07:05 ET (11:05 GMT)
Sequoia Economic Infrast... (LSE:SEQI)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Sequoia Economic Infrast... (LSE:SEQI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
