Chenavari Toro Income Fund Limited Result of General Meeting (9159P)
May 31 2018 - 11:45AM
UK Regulatory
TIDMTORO
RNS Number : 9159P
Chenavari Toro Income Fund Limited
31 May 2018
Chenavari Toro Income Fund Limited (the Company)
31 May 2018
At the General Meeting of the Company on 31 May 2018, the
proposed resolution was duly approved by the shareholders.
Details of the proxy votes lodged are set out below:
Resolution 1 For Against At Discretion Withheld
-------------------------------- ------------ -------- -------------- ---------
That the Company
be and is hereby
generally and unconditionally
authorised, in accordance
with Article 8.1
of its Articles
of Incorporation
and Section 315
of the Companies
(Guernsey) Law,
2008 (Law), to make
market acquisitions
(as defined in the
Law) of ordinary
shares in the capital
of the Company (Shares)
provided that:
a) the maximum number
of Shares hereby
authorised to be
purchased is 49,001,894
Shares, or such
other number of
Shares that is equal
to 14.99 per cent.
of the issued share
capital of the Company
(excluding treasury
shares) on 30 April
2018;
b) the minimum price
(exclusive of expenses)
which may be paid
for a Share shall
be GBP0.01;
c) the maximum price
(exclusive of expenses)
which may be paid
for a Share shall
be an amount equal
to the higher of:
(i) 105 per cent.
of the average of
the middle market
quotations for a
Share (as published
by the London Stock
Exchange) for the
five trading days
immediately preceding
the day on which
the Share is contracted
to be purchased;
and (ii) the amount
stipulated by Article
5(1) of the Buy-back
and Stabilisation
Regulation 2003;
d) the authority
hereby conferred
shall expire at
the Annual General
Meeting of the Company
in 2019, unless
such authority is
renewed, varied
or revoked prior
to such time;
e) the Company may
make a contract
to purchase Shares
under the authority
hereby conferred
prior to the expiry
of such authority
which will or may
be executed wholly
or partly after
the expiration of
such authority and
may make an acquisition
of Shares pursuant
to any such contract;
and
f) any Shares bought
back may be held
in treasury in accordance
with the Law or
be subsequently
cancelled by the
Company. 149,305,587 0 0 0
-------------------------------- ------------ -------- -------------- ---------
Further information in relation to the Company is available
at:
http://www.chenavaritoroincomefund.com
Enquiries:
Kirstie Sumarno
Chenavari Investment Managers
Email: tlir@chenavari.com
Telephone: +44 20 7259 3600
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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END
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