UIL Limited Result of Meetings (0205V)
April 09 2021 - 07:43AM
UK Regulatory
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RNS Number : 0205V
UIL Limited
09 April 2021
9 April 2021
UIL LIMITED
(LEI Number: 213800CTZ7TEIE7YM468)
UIL FINANCE LIMITED
(LEI Number: 213800JPJWZ5P3QJX538)
UIL Limited ("UIL" or the "Company")
UIL Finance Limited ("UIL Finance")
Result of Special General Meeting
Result of 2026 ZDP Class Meeting
Adjournment of 2022 ZDP Class Meeting and 2024 ZDP Class
Meeting
The Board of UIL Limited and UIL Finance Limited is pleased to
announce the results of the Special General Meeting and the 2026
ZDP Class Meeting which were held earlier today. As announced on 17
March 2021, the Special General Meeting and the separate Class
Meetings had been convened in relation to the proposed amendment of
UIL's investment policy.
Result of Special General Meeting
The Resolution, which was subject to approval being obtained
from not less than 50 per cent. of all Shareholders, was passed by
way of a poll. The results of the poll were as follows:
RESOLUTION - THAT subject to the passing of the resolutions to
be proposed at each of the Class Meetings, the amended investment
policy as set out in the Circular be and is hereby approved and
adopted to the exclusion of the Company's current investment
policy.
Votes For Votes Against Withheld
66,966,145 (99.96%) 26,024 (0.04%) 23,671
---------------- --------
Result of the 2026 ZDP Class Meeting
The Resolution, requiring the approval of 75 per cent. of the
votes cast in respect of it at each Class Meeting, was passed by
way of a poll. The results of the poll were as follows:
RESOLUTION - THAT subject to the passing of the resolutions to
be proposed at each of the other Class Meetings and at the Special
General Meeting, the amended investment policy as set out in the
Circular be and is hereby approved and adopted to the exclusion of
UIL Limited's current investment policy.
Votes For Votes Against Withheld
9,133,779 (99.66%) 30,800 (0.34%) 0
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Adjournment of the 2022 ZDP Class Meeting and 2024 ZDP Class
Meeting
A minimum of two persons holding or representing by proxy at
least one third in number of the issued ZDPs of the relevant class
of ZDP, must be in attendance at each of the Class Meetings in
order for the relevant Class Meeting to be quorate. An insufficient
amount of 2022 ZDP Shares and 2024 ZDP Shares were represented at
the 2022 and 2024 ZDP Class Meetings held earlier today and
therefore the 2022 and 2024 ZDP Class Meetings were inquorate and
were adjourned.
Pursuant to the Bye-laws of UIL Finance Limited, a reduced
quorum of one 2022 ZDP Shareholder and one 2024 ZDP Shareholder
present in person or by proxy now applies in respect of the
adjourned 2022 and 2024 ZDP Class Meetings which will be held at
Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda at 9.05
a.m. and 9.10 a.m. respectively, Bermuda time, on 16 April
2021.
Forms of Proxy and Forms of Instruction for the 2022 and 2024
ZDP Class Meetings may continue to be submitted in line with the
amended timetable below. Forms of Proxy and Forms of Instruction
that have already been submitted for the 2022 and 2024 ZDP Class
Meetings remain valid for the adjourned meetings and do not need to
be re-submitted unless a change in voting intention is
required.
In light of the ongoing Covid-19 situation and measures in place
to prevent the spread of the virus, 2022 and 2024 ZDP Shareholders
are asked not to attend the relevant Class Meeting in person.
Voting on the Resolutions will be conducted on a poll and ZDP
Shareholders are therefore strongly encouraged to register their
votes in advance by completing and returning the relevant Forms of
Proxy, appointing the chairman of the relevant Meeting as their
proxy to ensure their votes are counted.
Amended Timetable
2021
Latest time and date for receipt of 1.00 p.m. (London time)
Forms of Instruction from holders of on 13 April
Depositary Interests
Latest time and date for receipt of 1.00 p.m. (London time)
Forms of Proxy on 14 April
Adjourned 2022 ZDP Class Meeting 9.05 a.m. (Bermuda time)
on 16 April
Adjourned 2024 ZDP Class Meeting 9.10 a.m. (Bermuda time)
on 16 April (or as soon
as practicable thereafter
as the 2022 ZDP Class
Meeting has concluded)
Announcement of the results of the 2022 16 April
and 2024 ZDP Class Meetings
Terms used and not defined in this announcement bear the meaning
given to them in the Circular published on 17 March 2021.
Name of contact and telephone number for enquiries:
ICM Investment Management Limited
Charles Jillings / Alastair Moreton +44(0) 1372 271486
Shore Capital
Rose Ramsden / Hugo Masefield +44(0) 20 7408 4090
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END
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