REG - Highbridge Tactical - Provision 4 of the UK Corporate Governance Code

Highbridge Tactical Credit FundAnnouncement

02/07/2020 17:15

RNS Number : 9114R
  
Highbridge Tactical Credit Fund Ltd
  
02 July 2020
  
 

2 July 2020       
 
 
HIGHBRIDGE TACTICAL CREDIT FUND LIMITED
("HTCF" or the "Company")
 
Provision 4 of the UK Corporate Governance Code
 
At the EGM of the Company held on 20th February marginally more than 20% of the votes cast, voted against the resolution to dis-apply pre-emption rights in connection with a placing programme. The Board has determined that the majority of those who voted against the resolution either followed the advice of their external voting consultants or outsourced their voting to those proxy agencies. The Board understands that as a matter of principle, voting consultants will not support the dis-application of pre-emption rights based on the potential dilution risk associated with such a resolution being passed.
The Board remains of the view that the resolution passed in February was in the best interests of shareholders and is key, if the Company is to achieve its target size before the end of 2020.  
 
For further information please contact:
  



Praxis Fund Services Limited 
Company Secretary 
 
Tel: +44 (0) 1481 737 600







 
LEI: 213800397SYHLYFH5961
 
 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
  END
 
 
STRBLGDRCGGDGGD