Amedeo Air Four Plus Limited Update Statement On Voting Results (7387C)
June 22 2021 - 08:00AM
UK Regulatory
TIDMAA4
RNS Number : 7387C
Amedeo Air Four Plus Limited
22 June 2021
A M EDE O AIR FOUR P L US LIMITED (the "Compa ny")
Legal Entity Identifier: 21380056PDNOTWERG107
Update Statement On Voting Results - Annual General Meeting of 7
December 2020
At the a n nu a l g e neral m e eting of the Company h eld on 7
December 2020 (the "AGM") 20 per cent. or more of votes cast were
cast against the resolutions listed below:
Resolution For Against Vote
Withheld
To re-elect
Mr David
Gelber as
a director
of the
4 Company 253,757,832 82,965,053 20,479,188
----------------------------------- ----------------------------------- ----------------------------------- ----------------------------------
5 To re-elect 227,917,661 108,805,224 20,479,188
Mr John Le
Prevost
as a
director
of the
Company
----------------------------------- ----------------------------------- ----------------------------------- ----------------------------------
The Company has consulted with the shareholders who voted
against the above resolutions in order to understand and address
their concerns. The responses received indicate that voting against
the resolutions reflected :
-- a lack of information regarding the Board's decision making
process, specifically in regard to dividend payments and returns of
capital ;
-- a general lack of engagement with the Company's shareholders ;
-- the Board's management of its relationship with Nimrod Capital LLP; and
-- concerns over the Company's governance, specifically in
relation to the independence of the directors and members of the
Audit Committee .
During the period since the AGM, the Board has been focused on
improving communications with shareholders and improving governance
within the Company. Actions taken to date include:
-- the termination of the appointment of Nimrod Capital LLP as
the Company's sole corporate and shareholder advisor with effect
from 31 January 2021 and settlement of outstanding matters between
them and the Company;
-- the appointment of Liberum as the Company's sole corporate
broker with effect from 15 March 2021;
-- the introduction of more frequent investor webinars; and
-- a focus on increasing the level of disclosure made by the Company.
The Board would like to thank all shareholders that took part in
the engagement process and values the feedback and insight it has
gained. A final update on this matter will be included in the
Company's annual financial report for year end 31 March 2021.
For further information, please contact:
JTC Fund Solutions (Guernsey) Limited
+44 (0) 1481 702 400
Liberum Capital Limited
Chris Clarke / Darren Vickers / Owen Matthews
+44 (0) 20 3100 2000
About the Company
The Company is a Guernsey-domiciled company, with shares
admitted to trading on the Specialist Fund Segment of the London
Stock Exchange's Main Market (LSE: AA4).
The Company's investment objective is to obtain income returns
and a capital return for its Shareholders by acquiring, leasing and
then selling aircraft.
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
AGMLLLFLFQLEBBD
(END) Dow Jones Newswires
June 22, 2021 09:00 ET (13:00 GMT)
Amedeo Air Four Plus (LSE:AA4)
Historical Stock Chart
From Feb 2024 to Mar 2024
Amedeo Air Four Plus (LSE:AA4)
Historical Stock Chart
From Mar 2023 to Mar 2024