Fair Oaks Income Limited Result of AGM (3077H)
June 06 2017 - 8:00AM
UK Regulatory
TIDMFAIR TIDMFAIC TIDMFA14
RNS Number : 3077H
Fair Oaks Income Limited
06 June 2017
Fair Oaks Income Limited
6 June 2017
FAIR OAKS INCOME LIMITED (the "Company")
(Incorporated in Guernsey under The Companies (Guernsey) Law,
2008, as amended, with registered number 58123 and registered as a
Registered Closed-ended Collective Investment Scheme with the
Guernsey Financial Services Commission)
RESULTS OF AGM
The Board of the Company is pleased to announce that, at the
third Annual General Meeting of the Company held earlier today, the
following proposed resolutions were approved by shareholders on a
poll.
The number of Shares voted in person or by proxy on the
resolutions, each of which was proposed as an ordinary resolution,
was as follows.
1. THAT the Financial Statements of the Company for the year
ended 31 December 2016 with the Report of the Directors and
Auditors thereon be received and adopted.
173,249,332 votes were in favour of the resolution (82% of votes
cast) and 37,920,672 votes were against (18% of votes cast). No
votes were withheld.
2. THAT Claudio Albanese be re-elected as a Director of the Company.
211,169,959 votes were in favour of the resolution (100% of
votes cast) and no votes were against. No votes were withheld.
3. THAT Jonathan Bridel be re-elected as a Director of the Company.
211,169,959 votes were in favour of the resolution (100% of
votes cast) and no votes were against. No votes were withheld.
4. THAT Nigel Ward be re-elected as a Director of the Company.
211,169,959 votes were in favour of the resolution (100% of
votes cast) and no votes were against. No votes were withheld.
5. THAT KPMG Channel Islands Limited be re-appointed as Auditors
of the Company for the year ended 31 December 2017.
188,393,951 votes were in favour of the resolution (100% of
votes cast) and no votes were against. 22,776,008 votes were
withheld.
6. THAT the Directors be authorised to fix the remuneration of
the Auditors for their next period of office.
211,169,959 votes were in favour of the resolution (100% of
votes cast) and no votes were against. No votes were withheld.
The following was proposed as a special resolution:
7. THAT 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") (subject to
all applicable legislation and regulations) to make market
acquisitions (as defined in the Law) of its 2014 Shares, 2017
Shares and C Shares in issue.
211,169,959 votes were in favour of the resolution (100% of
votes cast) and no votes were against. No votes were withheld.
Enquiries:
Fair Oaks Income Limited
Email: contact@fairoaksincome.com
Web: www.fairoaksincome.com
Fair Oaks Capital Limited
Hayley Stewart
DDI: +44 (0) 20 3034 0406
Email: hstewart@fairoakscap.com
Praxis Fund Services Limited
Ben Le Prevost
DDI: +44 (0) 1481 755524
Email: Ben.LePrevost@praxisifm.com
Numis Securities Limited
Nathan Brown, Corporate Broking
DDI: +44 (0) 20 7260 1426
Email: n.brown@numis.com
Fair Oaks Income Limited
Fair Oaks Income Limited is a registered closed-ended investment
company incorporated in Guernsey. The Company was admitted to
trading on the Specialist Fund Market of the London Stock Exchange
(now the Specialist Fund Segment of the Main Market of the London
Stock Exchange) on 12 June 2014.
The investment policy of the Company is to invest (either
directly and/or indirectly through the Master Fund and/or Master
Fund II) in US and European CLOs or other vehicles and structures
which provide exposure to portfolios consisting primarily of US and
European floating-rate senior secured loans and which may include
non-recourse financing. The Company will implement its investment
policy by remaining invested in the Master Fund and making new
investments in Master Fund II.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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