TIDMSSIF

RNS Number : 9224I

Secured Income Fund PLC

16 December 2020

Secured Income Fund plc

(the "Company")

LEI: 213800TR2S2TT6PKVH57

16 December 2020

Results of General Meeting

The Board of Secured Income Fund plc announces that, at the annual general meeting of the Company held earlier today, all of the proposed resolutions were approved by shareholders.

Defined terms have the meaning given to them in the Notice of AGM.

Details of the number of proxy votes cast for, against and withheld in respect of the Resolutions (each of which was held on a poll) are set out below and will also be published on the Company's website, https://kkvim.com/secured-income-fund/

 
 Resolution                                  For          Abstain   Against      Result 
                As Ordinary Business 
               ---------------------------  -----------  --------  -----------  ----------- 
 Ordinary 
  Resolution    To receive annual                                                Resolution 
  1              report and accounts.        37,036,662   42,338    0             carried 
               ---------------------------  -----------  --------  -----------  ----------- 
 Ordinary 
  Resolution    To approve Directors'                                            Resolution 
  2              Remuneration Policy.        34,896,062   42,338    2,140,600     carried 
               ---------------------------  -----------  --------  -----------  ----------- 
 Ordinary 
  Resolution    To approve Directors'                                            Resolution 
  3              Remuneration Report.        37,036,062   42,338    600           carried 
               ---------------------------  -----------  --------  -----------  ----------- 
 Ordinary 
  Resolution    To re-elect RSM UK                                               Resolution 
  4              Audit LLP as auditor.       37,036,662   42,338    0             carried 
               ---------------------------  -----------  --------  -----------  ----------- 
                To authorise Audit 
 Ordinary        and Valuation Committee 
  Resolution     to determine auditor's                                          Resolution 
  5              remuneration.               37,036,662   42,338    0             carried 
               ---------------------------  -----------  --------  -----------  ----------- 
 Ordinary 
  Resolution    To re-elect Gaynor                                               Resolution 
  6              Coley as a Director.        37,036,662   42,338    0             carried 
               ---------------------------  -----------  --------  -----------  ----------- 
 Ordinary 
  Resolution    To re-elect David                                                Resolution 
  7              Stevenson as a Director.    33,278,662   42,338    3,758,000     carried 
               ---------------------------  -----------  --------  -----------  ----------- 
 Ordinary 
  Resolution    To elect Brett Miller                                            Resolution 
  8              as a Director.              31,523,662   42,338    5,513,000     carried 
               ---------------------------  -----------  --------  -----------  ----------- 
                As Special Business 
               ---------------------------  -----------  --------  -----------  ----------- 
                To authorise market 
                 purchases by the Company 
                 of shares representing 
 Ordinary        14.99% 
  Resolution     of the Company's issued                                         Resolution 
  9              Ordinary Share capital.     18,571,496   0         18,485,404    carried 
               ---------------------------  -----------  --------  -----------  ----------- 
 

The Board has considered the results of the AGM today and notes the level of votes cast against resolution 9 (the buyback resolution) by a number of shareholders. Following the outcome of today's vote we will contact shareholders to discuss these matters. For the foreseeable future the Board has no intention of making any share buybacks.

Alternate Director Appointment

The Board announces the appointment of Mr Douglas Armstrong as an alternate independent, non-executive Director for Mr David Stevenson with effect from the start of the Annual General Meeting until the conclusion of the Annual General Meeting. Mr Armstrong is a solicitor at Dickson Minto W.S., the Company's lawyers. Mr Armstrong acted as Chairperson of the meeting.

There is no other information required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules in relation to this appointment.

Enquiries:

 
Directors 
 David Stevenson (Chair)                           tel: +44 7973 873785 
 
 Susan Gaynor Coley                                tel: +44 7977 130673 
 
 Brett Miller                                      tel: +44 7770 447338 
KKV Investment Management Ltd                    tel: +44 20 7429 
 Catherine Halford Riera                          2200 
 Nicola Bird 
finnCap Ltd.                                     tel: +44 20 7220 
 Corporate Finance: William Marle / Giles Rolls   0500 
 Sales: Mark Whitfeld 
 

Notes:

Neither the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

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December 16, 2020 13:13 ET (18:13 GMT)