TIDMPIN
RNS Number : 6974R
Pantheon International PLC
30 October 2019
For immediate release
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area
(other than the United Kingdom or to professional investors in
Finland and Sweden), Canada, Australia, Japan or the Republic of
South Africa.
PANTHEON INTERNATIONAL PLC (THE "COMPANY")
RESULT OF ANNUAL GENERAL MEETING HELD ON 30 OCTOBER 2019
Following the Annual General Meeting held today, the Company is
pleased to announce that all Resolutions put to shareholders were
passed on a show of hands.
Resolutions 1 to 11 were proposed as Ordinary Resolutions.
Resolutions 12 to 14 were proposed as Special Resolutions.
The total number of proxy votes received in respect of each such
resolution 48 hours prior to the meeting is set out below:
Resolution (No. Votes Votes Votes at Votes Withheld
as noted on proxy For Against Chairman's
form) Discretion
1. To receive and
adopt the accounts
for period ended
31 May 2019 26,038,545 24 200 2,400,800
----------- ---------- ------------ ---------------
2. Approve Directors'
Remuneration Report
for period ended
31 May 2019 26,032,093 1,148 200 2,406,128
----------- ---------- ------------ ---------------
3. Re-election
of Sir Laurie Magnus 24,410,232 1,628,738 200 2,400,399
----------- ---------- ------------ ---------------
4. Re-election
of Mr I.C.S. Barby 20,611,483 5,427,487 200 2,400,399
----------- ---------- ------------ ---------------
5. Re-election
of Mr J.D. Burgess 26,038,946 24 200 2,400,399
----------- ---------- ------------ ---------------
6. Re-election
of Mr D.L. Melvin 26,038,946 24 200 2,400,399
----------- ---------- ------------ ---------------
7. Re-election
of Ms S.E.M Nicklin 26,038,910 60 200 2,400,399
----------- ---------- ------------ ---------------
8. Re-appointment
of Mr J.B.H.C.A.
Singer 26,038,946 123 200 2,400,300
----------- ---------- ------------ ---------------
9. Appointment
of Ernst & Young
LLP as Auditor 26,037,296 873 200 2,401,200
----------- ---------- ------------ ---------------
10. Authorise Audit
Committee to determine
Auditor's Remuneration 25,981,935 56,634 200 2,400,800
----------- ---------- ------------ ---------------
11. Authority to
allot shares 26,038,252 374 200 2,400,743
----------- ---------- ------------ ---------------
12. Dis-application
of pre-emption
rights 26,036,893 24 200 2,402,452
----------- ---------- ------------ ---------------
13. Market purchases
of own shares 26,037,087 1,638 200 2,400,644
----------- ---------- ------------ ---------------
14. General meeting
called on not less
than 14 clear days'
notice 25,725,876 313,193 200 2,400,300
----------- ---------- ------------ ---------------
The Board is pleased that the majority of Resolutions have been
passed with a high level of support from shareholders. The Board
notes the significant vote against Resolution 4, the re-election of
Ian Barby. From engagement with proxy voting agencies the Board
understands this may relate to concerns around Mr Barby's
independence. As disclosed in the Chairman's Statement in PIP's
2019 Annual Report, Mr Barby, who became a Director in 2005, has
indicated that he wishes to retire no later than at the Company's
AGM in 2020. Mr Barby recently led the selection process to appoint
EY as the Company's auditors for the current financial year ending
31 May 2020. The Board considered it important that Mr Barby
remains in post during the transition of audit responsibility to EY
before leaving the Board and being succeeded as Chairman of the
Audit Committee by David Melvin. The Board is of the view that Mr
Barby, and all the re-elected Directors, remain independent. The
Board will engage with shareholders to understand their views as
part of its ongoing programme of engagement.
In accordance with Listing Rule 9.6.2R a copy of Resolutions 11
to 14 will be submitted to the National Storage Mechanism and will
shortly be available for viewing at
http://www.morningstar.co.uk/uk/nsm
LEI: 2138001B3CE5S5PEE928
For more information please visit PIP's website at www.piplc.com
or contact:
Andrew Lebus or Vicki Bradley
Pantheon Ventures (UK) LLP
020 3356 1800
NOTES
PIP
PIP is a listed FTSE 250 private equity investment trust,
overseen by an independent Board of Directors and managed by
Pantheon, one of the leading private equity investment managers
globally. PIP offers investors a liquid, differentiated entry point
to the excellent growth potential of global private equity, with
access to the primary, secondary and co-investment opportunities of
some of the best managers in the world. The company has a track
record of outperformance, and manages risk through diversification
and rigorous selection based on Pantheon's extensive experience and
international platform.
Important Information
A copy of this announcement will be available on the Company's
website at www.piplc.com Neither the content of the Company's
website, nor the content on any website accessible from hyperlinks
on its website for any other website, is incorporated into, or
forms part of, this announcement nor, unless previously published
by means of a recognised information service, should any such
content be relied upon in reaching a decision as to whether or not
to acquire, continue to hold, or dispose of, securities in the
Company.
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END
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October 30, 2019 13:14 ET (17:14 GMT)
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