Qatar Investment Fund PLC AGM Statement (7440W)
November 16 2017 - 7:54AM
UK Regulatory
TIDMQIF
RNS Number : 7440W
Qatar Investment Fund PLC
16 November 2017
Legal Entity Identifier: 2138009DIENFWKC3PW84
16 November 2017
Qatar Investment Fund plc
(the "Company")
2017 Annual General Meeting Results
The Board of Qatar Investment Fund plc (QIF.L) announces that at
the Annual General Meeting ("AGM") held today at 11.00 a.m., all
resolutions were duly passed on a poll. The results are shown
below.
ORDINARY BUSINESS
Resolution 1
The Report of the Investment Manager and Investment Adviser,
Report of the Directors, Directors' Remuneration Report, Auditors'
Report and the Audited Consolidated Financial Statements of the
Company for the year ended 30 June 2017 be approved with 71,235,459
votes cast in favour, no votes cast against and no abstentions.
Resolution 2
The final dividend of USD 3.0 cents per ordinary share for the
year ended 30 June 2017 was approved with 71,235,459 votes cast in
favour, no votes cast against and no abstentions.
Resolution 3
KPMG Audit LLC Isle of Man was re-appointed as auditors of the
Company for the year ending 30 June 2018 with 71,227,217 votes cast
in favour, no votes cast against and 8,242 abstentions.
Resolution 4
Mr David Humbles who retires in accordance with the Articles of
Association be re-elected a director of the Company with 71,235,459
votes cast in favour, no votes cast against and no abstentions.
Resolution 5
Mr Paul Macdonald who retires in accordance with the Articles of
Association be re-elected a director of the Company with 71,235,459
votes cast in favour, no votes cast against and no abstentions.
Resolution 6
Mr Nicholas Wilson who retires in accordance with the Articles
of Association be re-elected a director of the Company with
71,235,459 votes cast in favour, no votes cast against and no
abstentions.
Resolution 7
Mr Neil Benedict who retires in accordance with the Articles of
Association be re-elected a director of the Company with 71,235,459
votes cast in favour, no votes cast against and no abstentions.
SPECIAL BUSINESS
Resolution 8
That the Company generally and unconditionally be authorised to
make market purchases of ordinary shares of US$0.01 each provided
that: (a) the maximum aggregate number of ordinary shares that may
be purchased is 15,399,933 (being the equivalent of 14.99% of the
Company's issued share capital as at 6 September 2017); (b) the
minimum price (excluding expenses) which may be paid for each
ordinary share is US$0.01 being the nominal value per ordinary
share; (c) the maximum price (excluding expenses) which may be paid
for each ordinary share is the higher of: (i) 105 per cent of the
average market value of an ordinary share in the Company 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 (I) the last independent trade of
and (II) the highest current independent bid for, any number of the
Company's ordinary shares on the trading venue where the purchase
is carried out; and (d) the authority conferred by this resolution
shall expire on 16 November 2018 or, if earlier, at the conclusion
of the Company's next annual general meeting save that the Company
may, before the expiry of the authority granted by this resolution,
enter into a contract to purchase ordinary shares which will or may
be executed wholly or partly after the expiry of such authority.
All Shares purchased pursuant to the above authority shall be
either: (i) held, sold, transferred or otherwise dealt with as
treasury shares; or (ii) cancelled immediately upon completion of
the purchase, with 71,235,459 votes cast in favour, no votes cast
against and no abstentions.
Resolution 9
That the rights of holders of equity securities in the Company
to receive a pre-emptive offer of equity securities pursuant to
Article 5A.2 of the Company Articles of Association shall be and is
hereby excluded in respect of 10,273,471 Ordinary shares, this
exclusion to expire immediately prior to the annual general meeting
of the Company to be held in 2018, was approved with 71,227,217
votes cast in favour, no votes cast against and 8,242
abstentions.
A copy of resolutions 8 and 9 will be submitted to the National
Storage Mechanism and will be available for inspection at:
http://www.morningstar.co.uk/uk/NSM
The total number of votes cast was 71,235,459 which represents
69.34% of the Company's total voting rights.
For further information:
Qatar Investment Fund Plc +44 (0) 1624 692 600
Nick Wilson
Panmure Gordon +44 (0) 20 7886 2500
Richard Gray / Andrew Potts / Atholl Tweedie
Maitland +44 (0) 20 7379 5151
William Clutterbuck / Cebuan Bliss
Galileo Fund Services Limited +44 (0) 1624 692 600
Ian Dungate
This information is provided by RNS
The company news service from the London Stock Exchange
END
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