GCP Asset Backed Income Fund Ltd Result of AGM & EGM (0256A)
May 23 2019 - 7:30AM
UK Regulatory
TIDMGABI TIDMGABC
RNS Number : 0256A
GCP Asset Backed Income Fund Ltd
23 May 2019
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed")
LEI 213800FBBZCQMP73A815
Results of Annual General Meeting & Extraordinary General
Meeting
GCP Asset Backed, which invests in asset backed loans, is
pleased to announce that all resolutions put to the Annual General
Meeting and the Extraordinary General Meeting held today, 23 May
2019, at the registered office of the Company were duly passed by
the shareholders.
Total votes of 147,604,640 were cast at the Annual General
Meeting. The results of the voting are set out below:
Summary Resolutions* For % Against % Withheld
1. Ordinary Resolution:
THAT the report of the
directors and the audited
annual report and financial
statements of the Company
for the year ended 31 December
2018 be received and adopted. 147,604,640 100.00% 0 0.00% 0
------------ -------- ----------- ------ -----------
2. Ordinary Resolution:
THAT the Directors' remuneration
report for the year ended
31 December 2018 be approved. 132,177,310 100.00% 0 0.00% 15,427,330
------------ -------- ----------- ------ -----------
3. Ordinary Resolution:
THAT the Directors' remuneration
policy be approved. 147,598,408 100.00% 0 0.00% 6,232
------------ -------- ----------- ------ -----------
4. Ordinary Resolution:
THAT Mr Alex Ohlsson be
re-elected as a Director
of the Company. 132,843,810 90.18% 14,465,320 9.82% 295,510
------------ -------- ----------- ------ -----------
5. Ordinary Resolution:
THAT Mr Colin Huelin be
re-elected as a Director
of the Company. 147,598,408 100.00% 0 0.00% 6,232
------------ -------- ----------- ------ -----------
6. Ordinary Resolution:
THAT Mrs Joanna Dentskevich
be re-elected as a Director
of the Company. 142,781,363 99.94% 92,083 0.06% 4,731,194
------------ -------- ----------- ------ -----------
7. Ordinary Resolution:
THAT the Company's dividend
policy be approved. 147,604,640 100.00% 0 0.00% 0
------------ -------- ----------- ------ -----------
8. Ordinary Resolution:
THAT PwC be re-appointed
as auditors of the Company. 147,602,684 99.99% 1,956 0.01% 0
------------ -------- ----------- ------ -----------
9. Ordinary Resolution:
THAT the Audit and Risk
Committee be authorised
to determine the remuneration
of PwC. 147,604,640 100.00% 0 0.00% 0
------------ -------- ----------- ------ -----------
10. Ordinary Resolution:
THAT the Company be generally
and unconditionally authorised
to hold, cancel, sell or
transfer ordinary shares
purchased pursuant to the
authority granted under
resolution 11 as treasury
shares. 147,599,742 99.99% 4,898 0.01% 0
------------ -------- ----------- ------ -----------
11. Special Resolution:
THAT the Directors be generally
and unconditionally authorised
to make market purchases
of up to 57,002,786 Ordinary
Shares. 147,597,786 99.99% 6,854 0.01% 0
------------ -------- ----------- ------ -----------
12. Special Resolution:
THAT the Directors be authorised
to allot and issue up to
38,027,209 Ordinary Shares,
as if any pre-emption rights
conferred by the Artciles
did not apply. 147,599,742 99.99% 4,898 0.01 0
------------ -------- ----------- ------ -----------
Total votes of 147,474,297 were cast at the Extraordinary
General Meeting. The results of the voting are set out below:
Summary Resolutions* For % Against % Withheld
Special Resolution: THAT
in addition to Resolution
12 passed at the AGM (if
passed) the Directors be
and are hereby generally
and unconditionally authorised
to allot and issue an aggregate
of up to 38,027,029 Ordinary
Shares as if any pre-emption
rights conferred by the
Artciles did not apply. 147,464,642 99.99% 4,898 0.01 4,757
------------ ------- -------- ----- ---------
*The full text of the resolutions may be found in the notices of
the Annual General Meeting and the Extraordinary General Meeting,
copies of which are available on both the Company's website
https://www.graviscapital.com/funds/gcp-asset-backed/literature and
on the National Storage Mechanism www.morningstar.co.uk/uk/NSM.
In accordance with Listing Rule 9.6.2, the full text of the
special resolutions passed at the Annual General Meeting and the
Extraordinary General Meeting has been submitted to the National
Storage Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM.
For further information please contact:
Gravis Capital Management Limited +44 (0)20 3405 8500
David Conlon
Dion Di Miceli
Cenkos Securities plc +44 (0)20 7397 8900
Tom Scrivens
Oliver Packard
Sapna Shah
Buchanan/Quill +44 (0)20 7466 5000
Helen Tarbet
Nick Croysdill
Henry Wilson
Notes to Editors
The Company
GCP Asset Backed is a closed ended investment company traded on
the Main Market of the London Stock Exchange. Its investment
objective is to generate attractive risk-adjusted returns primarily
through regular, growing distributions and modest capital
appreciation over the long term.
The Company seeks to meet its investment objective by making
investments in a diversified portfolio of predominantly UK based
asset backed loans which have contracted, predictable medium to
long term cash flows and/or physical assets.
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.
END
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