Secured Income Fund PLC Result of AGM (9224I)
December 16 2020 - 12:13PM
UK Regulatory
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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END
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