REG - abrdn China Inv.Co. - Result of AGM

abrdn China InvestmentAnnouncement

12/04/2022 16:30

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RNS Number : 1664I  abrdn China Investment Company Ltd.  12 April 2022

abrdn China Investment Company Limited ("ACIC" or the "Company")

(Formerly Aberdeen Emerging Markets Investment Company Limited)

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  39,479,580           96.27       1,523,699  3.72   830
          2021, with the reports of the Directors and auditor thereon.
 2        To approve the Directors' Remuneration Report (excluding the Directors'      40,982,746           99.96       13,377     0.03   7,985
          Remuneration Policy) for the year ended 31 October 2021.
 3        To approve the increase of ordinary remuneration of the Directors to an      40,975,181           99.94       19,126     0.05   9,801
          aggregate limit of £250,000 per annum.
 4        To elect Ms Gilding as a Director.                                           40,986,476           99.98       4,542      0.01   13,090
 5        To elect Ms MacAulay as a Director.                                          38,261,557           93.32       2,733,555  6.67   8,996
 6        To re-elect Mr Hadsley-Chaplin as a Director.                                36,596,832           89.26       4,398,177  10.73  9,098
 7        To re-elect Mrs Green as a Director.                                         38,116,109           92.98       2,875,275  7.01   12,724
 8        To re-elect Ms de Rochechouart as a Director.                                40,845,155           99.62       150,284    0.37   8,668
 9        To re-appoint KPMG Channel Islands Limited as auditor to the Company.        39,473,902           96.26       1,528,654  3.73   1,552

 10       To authorise the Directors to determine the remuneration of the auditor for  40,997,644           99.98       5,634      0.01   830

        the forthcoming financial year.

 11       To give the Company the authority to purchase its own shares.                40,240,898           98.13       760,766    1.86   2,444
 Special Resolution
 12       To give the Company the authority to allot new shares without regard to any  40,994,080           99.98       2,475      0.01   4,911
          and all rights of pre-emption or similar rights.

 

At the time of the above meeting the Company's share capital consisted of
46,525,077 ordinary shares with voting rights and a further 15,647,870
ordinary shares held in treasury.

 

As announced in the Annual Report, William Collins has retired from the Board
following the AGM. The Board would like to thank Mr Collins for his invaluable
contribution over his ten year tenure. His role as Senior Independent Director
has now been passed to Helen Green.

12 April 2022

Enquiries:

Aberdeen Standard Fund Managers Limited (Alternative Investment Fund Manager
to ACIC)

 

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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