TIDMHTCF

RNS Number : 6488D

Highbridge Tactical Credit Fund Ltd

20 February 2020

20 February 2020

HIGHBRIDGE TACTICAL CREDIT FUND LIMITED

(the "Company")

Result of Extraordinary General Meeting

The Board announces that, at the Extraordinary General Meeting ("EGM") of the Company held at 9:30 a.m. today, all the resolutions set out in the Notice of EGM dated 31 January 2020, were duly passed. The Board is pleased to note that 58.34% of the shares outstanding voted.

Vic Holmes, Chairman of HTCF, commented: "We are pleased that shareholders have approved the Board's proposals and we look forward to updating the market in due course as we seek to grow the Company in the coming year."

Proxy votes received for and against the resolutions and the number of votes withheld, were as follows:

 
 Special Resolution          For (See Note           Against (See       Votes        Total 
                                   1)                     Note 1)    Withheld        Votes 
                                                                         (See         Cast 
                                                                      Note 2) 
                                Votes       %       Votes       % 
                                  For             Against 
                          -----------  ------  ----------  ------ 
     To disapply 
      pre-emption 
      rights on 
      the issue 
      of ordinary 
      shares up 
      to a number 
      not exceeding 
      the lesser 
      of 4,618,706 
      Shares or 
      such number 
      as shall 
      represent 
      20 per cent. 
      of the Company's 
      issued share 
      capital (excluding 
      any shares 
 1    held in treasury)    12,334,270   91.54   1,139,359   8.46     11,155     13,473,629 
    --------------------  -----------  ------  ----------  ------  ----------  ----------- 
     To disapply 
      pre-emption 
      rights on 
      the issue 
      of ordinary 
      shares up 
      to a number 
      not exceeding 
      the lesser 
      of 23,093,530 
      Shares or 
      such number 
      as shall 
      represent 
      100 per cent. 
      of the Company's 
      issued share 
      capital (excluding 
      any shares 
      held in treasury) 
      and shall 
      only apply 
      in respect 
      of Shares 
      issued pursuant 
      to a placing 
      carried out 
      under the 
      proposed 
 2    Placing Programme    10,542,222   78.24   2,931,407   21.76    11,155     13,473,629 
    --------------------  -----------  ------  ----------  ------  ----------  -----------

Notes:

1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.

3. All figures have been rounded up to 2 decimal places.

The Company notes that a significant number of votes were cast against special resolution 2. The Company, through their corporate brokers, will engage with the relevant shareholders shortly and, in accordance with the UK Corporate Governance Code 2018, expects to provide an update on this consultation process within six months.

In accordance with Listing Rule 9.6.2R a copy of the resolutions has been submitted to the National Storage Mechanism, and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM

The Circular is available on the Company's website: www.highbridgemsfltd.co.uk .

For further information contact:

 
 finnCap Ltd                    Tel: +44 (0) 20 7220 0500 
  William Marle / Giles Rolls 
 Praxis Fund Services Limited   Tel: +44 (0) 1481 737 600 
  Company Secretary

LEI: 213800397SYHLYFH5961

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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