Henderson Far East Income Limited Result of AGM (2524Z)
December 13 2017 - 6:46AM
UK Regulatory
TIDMHFEL
RNS Number : 2524Z
Henderson Far East Income Limited
13 December 2017
13 December 2017
HENDERSON FAR EAST INCOME LIMITED
Result of Annual General Meeting held on 13 December 2017
Henderson Far East Income Limited announces that at the Annual
General Meeting held earlier today all resolutions proposed were
duly passed, three of these were special resolutions as
follows:
Resolution 9 - THAT, the Company be and is hereby generally and
unconditionally authorised to make one or more market purchases on
a stock exchange of, and to cancel, or (subject to Resolution 9)
hold as treasury shares, ordinary shares of no par value in the
capital of the Company ('shares'), pursuant to Article 57 of the
Companies (Jersey) Law 1991, as amended (the "Law"), provided
that:
(a) the maximum number of shares hereby authorised to be
purchased is 14.99 per cent. of the issued share capital of the
Company as at the date of the passing of this Resolution;
(b) the maximum price, exclusive of expenses, which may be paid
for a share shall not be more than the higher of (i) an amount
equal to 105 per cent. of the average of the middle market
quotations for a share taken from the Official List for the five
business days immediately preceding the day on which the share is
purchased; and (ii) the higher of the last independent trade and
the current highest independent bid on the trading venue where the
purchase is carried out;
(c) the minimum price, exclusive of expenses, which may be paid
for a share is one penny;
(d) the Directors of the Company can, prior to each such
purchase, make the solvency statement required by the Law and
fulfil all other requirements of the Law in relation to purchases
of a company's own shares; and
(e) the authority hereby conferred shall expire at the
conclusion of the next Annual General Meeting of the Company or, if
earlier, on the expiry of 15 months from the passing of this
Resolution, unless such authority is renewed prior to such
time.
Resolution 10 - THAT, the Company be and is hereby generally and
unconditionally authorised to hold up to 10% of the Company's own
shares (whether purchased pursuant to Resolution 8 or otherwise) as
treasury shares pursuant and subject to Articles 58A and 58B of the
Companies (Jersey) Law 1991, as amended.
Resolution 11 - THAT, the Company may disapply pre-emption
rights and issue equity securities of up to a maximum of 10% of the
total number of shares in issue as at the date of this resolution,
provided that such disapplication of pre-emption rights shall
expire (unless and to the extent previously revoked, varied or
renewed by the Company in general meeting by special resolution
passed by three quarters of shareholders voting thereon) at the
earlier of the conclusion of the Annual General Meeting of the
Company to be held in 2017 or fifteen months from the date of this
resolution but so that this power shall enable the Company to make
offers or agreements before such expiry which would or might
require equity securities to be issued after such expiry and the
directors of the Company may issue equity securities in pursuance
of any such offer or agreement as if such expiry had not
occurred.
The full text of the resolutions can be found in the Notice of
Meeting, copies of which are available for viewing at the National
Storage Mechanism at www.morningstar.co.uk/uk/NSM
For further information please contact:
Siobhan Lavery
Company Secretary & RNS Agent
BNP Paribas Securities Services S.C.A., Jersey Branch
Tel: 01534 709 181
James de Sausmarez
Director of Investment Trusts
Henderson Global Investors
Tel: 020 7818 3349
Henderson Far East Income Limited has its registered office at
IFC 1, The Esplanade, St Helier, Jersey JE1 4BP and it is regulated
by the Jersey Financial Services Commission
Neither the contents of the Company's website nor the contents
of any website accessible from hyperlinks on the Company's website
(or any other website) is incorporated into, or forms part of, this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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