TwtyFr SelMth Inc Fd Result of EGM
September 13 2017 - 8:04AM
UK Regulatory
TIDMSMIF
TWENTYFOUR SELECT MONTHLY INCOME FUND LIMITED
(a closed-ended investment company incorporated in Guernsey with registration
number 57985
and legal entity identifier 549300P9Q5O2B3RDNF78)
("the Company")
13 September 2017
RESULT OF EXTRAORDINARY GENERAL MEETING
At the Extraordinary General Meeting held today, the Extraordinary Resolutions
set out in the Extraordinary General Meeting Circular sent to Shareholders
dated 11 August 2017 were duly passed, the full resolution text as shown below.
The proxy votes received on each resolution proposed at the AGM were as
follows. A vote withheld is not a vote in law and has not been counted in the
votes for and against a resolution.
Extraordinary Resolution 1 For Against Withheld
THAT, the Directors of the Company be and they
are hereby generally empowered, to allot and
issue, to grant rights to subscribe for, or to 45,455,005 860 5,314,338
convert and make offers or agreements to allot
equity shares (as detailed in Article 6.2 of the
Company's articles of incorporation (the "
Articles") for cash as if the pre-emption rights
contained in the Articles in respect of such
equity securities did not apply to any such
allotment, provided that this power shall be
limited to:
a. expires at the conclusion of the next
Annual General Meeting of the Company
after the passing of this resolution or
on the expiry of 15 months from the
passing of this resolution, whichever is
the earlier, save that the Company may,
before such expiry, make an offer or
agreement which would or might require
equity securities to be allotted after
such expiry and the Directors may allot
equity securities in pursuance of any
such offer or agreement as if the power
conferred hereby had not expired; and
b. shall be limited to the allotment of
equity securities up to an aggregate
nominal value of 16,092,915 being
approximately 10 per cent of the nominal
value of the issued share capital of the
Company, as at 8 August 2017.
Extraordinary Resolution 2 For Against Withheld
THAT, conditional on extraordinary resolution 1
above having been passed, the Directors of the
Company be and they are hereby generally 38,422,638 6,947,959 5,402,028
empowered, in addition to and without prejudice
to the power granted by extraordinary resolution
1 above, to allot and issue, to grant rights to
subscribe for, or to convert and make offers or
agreements to allot equity shares (as detailed in
Article 6.2 of the Articles) for cash as if the
pre-emption rights contained in the Articles in
respect of such equity securities did not apply
to any such allotment, provided that this power
shall be limited to:
a. expires at the conclusion of the next
Annual General Meeting of the Company
after the passing of this resolution or
on the expiry of 15 months from the
passing of this resolution, whichever is
the earlier, save that the Company may,
before such expiry, make an offer or
agreement which would or might require
equity securities to be allotted after
such expiry and the Directors may allot
equity securities in pursuance of any
such offer or agreement as if the power
conferred hereby had not expired; and
b. shall be limited to the allotment of
equity securities up to an aggregate
nominal value of 16,092,915 being
approximately 10 per cent of the nominal
value of the issued share capital of the
Company, as at 8 August 2017.
In accordance with Listing Rule 9.6.2, the Extraordinary Resolution passed at
the Extraordinary General Meeting has been submitted to the National Storage
Mechanism and will shortly be available for inspection at http://
www.morningstar.co.uk/uk/NSM
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
END
END
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