REG - Aberdeen Emerg IncCo - Result of AGM

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20/04/2021 13:00

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RNS Number : 0569W  Aberdeen Emerging Markets Inv Co Ld  20 April 2021

Aberdeen Emerging Markets Investment Company Limited (the "Company")

LEI: 213800RIA1NX8DP4P938

 

Result of Annual General Meeting ("AGM")

 

The Board of the Company announces that at the Company's AGM held earlier
today all the resolutions were passed.

 

A summary of the resolutions and the proxy voting figures received in advance
of the meeting are shown below:

 

 AGM                                                                                              For / Discretionary     Against            Withheld
 Ordinary resolutions                                                                             Votes       %           Votes       %
 1        To receive and adopt the financial statements for the year ended 31 October     41,929,524           99.99       90          0.01   0
          2020, with the reports of the Directors and auditor thereon.
 2        To approve the Directors' Remuneration Report (excluding the Directors'        41,924,410           99.99       1,961       0.01   3,242
          Remuneration Policy) for the year ended 31 October 2020.
 3        To approve a dividend policy to declare four interim dividends each year and   41,928,458           99.99       1,156       0.01   0
          to authorise the Directors to declare such dividends.
 4        To re-elect Mr Hadsley-Chaplin as a Director.                                  27,041,754           64.50       14,884,617  35.50  3,242
 5        To re-elect Mr Collins as a Director.                                          28,841,324           68.79       13,085,047  31.21  3,242
 6        To re-elect Mrs Green as a Director.                                           26,258,534           62.63       15,667,407  37.37  3,672
 7        To re-elect Ms de Rochechouart as a Director.                                  28,840,090           68.79       13,086,054  31.21  3,469
 8        To re-appoint KPMG Channel Islands Limited as auditor to the Company.          40,125,750           95.70       1,802,012   4.30   1,852
 9        To authorise the Directors to determine the remuneration of the auditor for    41,929,334           99.99       280         0.01   0

        the forthcoming financial year.

 10       To give the Company the authority to purchase its own shares.                  41,928,904           99.99       710         0.01   0

 11       To give the Company the authority to allot new shares.                         41,928,360           99.99       1,102       0.01   152
 Special Resolution
 12       To waive shareholders' rights of pre-emption or similar rights which they may  41,926,681           99.99       2,557       0.01   376
          have under the Company's Articles of Incorporation or otherwise.

 

The Board has noted that shareholder proxies representing 35.50%, 31.21%.
37.37% and 31.21% of the issued capital voted against the re-election of Mr
Hadsley-Chaplin, Mr Collins, Mrs Green and Ms de Rochechouart
respectively. The vast majority of these shares were voted by one
institution. The Board notes the reasons why the shares were voted in this
way, but supports the democratic process which saw substantial support from
shareholders with proxies representing 64.50%, 68.79%, 62.63% and 68.79%,
respectively, voting in favour of each of those Directors.

At the time of the above meeting the Company's share capital consisted of
45,965,159 ordinary shares with voting rights and a further 8,653,348 ordinary
shares held in treasury.

20 April 2021

Enquiries:

Aberdeen Standard Fund Managers Limited (Alternative Investment Fund Manager
to Aberdeen Emerging Markets Investment Company Limited)

 

William Hemmings

Tel: +44 (0)207 463 6223

 

Luke Mason

Tel +44 (0)207 463 5971

 

Vistra Fund Services (Guernsey) Limited (Company Secretary)

Tel: +44 (0)1481 726034

 

Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment
Funds

END

 

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