Secured Income Fd - Result of AGM

Secured Income Fund

16/12/2020 18:13

RNS Number : 9224I

Secured Income Fund PLC

16 December 2020

 

Secured Income Fund plc

(the "Company")

 

LEI: 213800TR2S2TT6PKVH57

 

16 December 2020

 

Results of General Meeting

 

The Board of Secured Income Fund plc announces that, at the annual general meeting of the Company held earlier today, all of the proposed resolutions were approved by shareholders.

 

Defined terms have the meaning given to them in the Notice of AGM.

 

Details of the number of proxy votes cast for, against and withheld in respect of the Resolutions (each of which was held on a poll) are set out below and will also be published on the Company's website, https://kkvim.com/secured-income-fund/ 

 

Resolution
For
Abstain
Against
Result
As Ordinary Business
Ordinary Resolution 1
To receive annual report and accounts.
37,036,662
42,338
0
Resolution
carried
Ordinary Resolution 2
To approve Directors' Remuneration Policy.
34,896,062
42,338
2,140,600
Resolution
carried
Ordinary Resolution 3
To approve Directors' Remuneration Report.
37,036,062
42,338
600
Resolution
carried
Ordinary Resolution 4
To re-elect RSM UK Audit LLP as auditor.
37,036,662
42,338
0
Resolution
carried
Ordinary Resolution 5
To authorise Audit and Valuation Committee to determine auditor's remuneration.
37,036,662
42,338
0
Resolution
carried
Ordinary Resolution 6
To re-elect Gaynor Coley as a Director.
37,036,662
42,338
0
Resolution
carried
Ordinary Resolution 7
To re-elect David Stevenson as a Director.
33,278,662
42,338
3,758,000
Resolution
carried
Ordinary Resolution 8
To elect Brett Miller as a Director.
31,523,662
42,338
5,513,000
Resolution
carried
As Special Business
Ordinary Resolution 9
To authorise market purchases by the Company of shares representing 14.99%
of the Company's issued Ordinary Share capital.
18,571,496
0
18,485,404
Resolution
carried

 

The Board has considered the results of the AGM today and notes the level of votes cast against resolution 9 (the buyback resolution) by a number of shareholders. Following the outcome of today's vote we will contact shareholders to discuss these matters. For the foreseeable future the Board has no intention of making any share buybacks.

 

Alternate Director Appointment

 

The Board announces the appointment of Mr Douglas Armstrong as an alternate independent, non-executive Director for Mr David Stevenson with effect from the start of the Annual General Meeting until the conclusion of the Annual General Meeting. Mr Armstrong is a solicitor at Dickson Minto W.S., the Company's lawyers. Mr Armstrong acted as Chairperson of the meeting.

 

There is no other information required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules in relation to this appointment.

 

Enquiries:

 

Directors
David Stevenson (Chair)
Susan Gaynor Coley
Brett Miller
tel: +44 7973 873785
tel: +44 7977 130673
tel: +44 7770 447338
KKV Investment Management Ltd
Catherine Halford Riera
Nicola Bird
tel: +44 20 7429 2200
finnCap Ltd.
Corporate Finance: William Marle / Giles Rolls
Sales: Mark Whitfeld
tel: +44 20 7220 0500

 

Notes:

 

Neither the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

 

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