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GABI Gcp Asset Backed Income Fund Limited

68.20
0.00 (0.00%)
Last Updated: 08:00:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gcp Asset Backed Income Fund Limited LSE:GABI London Ordinary Share JE00BYXX8B08 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 68.20 67.60 70.80 59,776 08:00:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 15.18M 7.69M 0.0181 37.68 290.28M

GCP Asset Backed Income Fund Ltd Result of AGM (9828F)

23/05/2017 12:28pm

UK Regulatory


Gcp Asset Backed Income (LSE:GABI)
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From Mar 2019 to Mar 2024

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TIDMGABI

RNS Number : 9828F

GCP Asset Backed Income Fund Ltd

23 May 2017

GCP Asset Backed Income Fund Limited

(the "Company" or "GCP Asset Backed Income")

LEI 213800FBBZCQMP73A815

Results of Annual General Meeting 23 May 2017

GCP Asset Backed Income, which invests in asset backed loans, is pleased to announce that all resolutions put to the annual general meeting held today, 23 May 2017, were approved by the shareholders.

1) The details of the proxy votes lodged are set out below:

 
 Resolutions                             For         %       Against      %      Withheld 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 1. Ordinary Resolution: 
  THAT the report of the 
  directors and the audited 
  report and financial statements 
  of the Company for the 
  period 7 September 2015 
  to 31 December 2016 be 
  adopted.                            89,438,764    100%        0        0%         0 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 2. Ordinary Resolution: 
  THAT the Directors' remuneration 
  report for the period ended 
  31 December 2016 be approved.       89,434,014   99.99%     4,750     0.01%       0 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 3. Ordinary Resolution: 
  THAT Mr Alex Ohlsson be 
  re-elected as a director 
  of the Company.                     87,042,712   98.31%   1,498,936   1.69%    879,116 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 4. Ordinary Resolution: 
  THAT the Company's dividend 
  policy to continue to pay 
  quarterly interim dividends 
  per financial period, which 
  in the financial period 
  to 31 December 2016 have 
  totalled 5.82 pence per 
  ordinary share, with the 
  objective of regular, growing 
  distributions over the 
  long term be approved.              89,438,764    100%        0        0%         0 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 5. Ordinary Resolution: 
  THAT PwC be appointed as 
  auditors of the Company 
  to hold office from the 
  conclusion of the Annual 
  General Meeting to the 
  conclusion of the next 
  Annual General Meeting 
  at which the audited annual 
  report and financial statements 
  are laid before the Company.        73,464,184   97.41%   1,955,406   2.59%   14,019,174 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 6. Ordinary Resolution: 
  THAT the Audit Committee 
  be authorised to determine 
  the remuneration of PwC.            89,438,764    100%        0        0%         0 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 7. Ordinary Resolution: 
  THAT the Company may hold 
  any of the ordinary share 
  of no par value in the 
  capital of the Company 
  purchased pursuant to the 
  authority conferred by 
  resolution 9 as treasury 
  shares and the directors 
  may, at their discretion, 
  cancel, sell or transfer 
  such treasury shares in 
  accordance with Article 
  58A of the Companies (Jersey) 
  Law 1991.                           89,438,764    100%        0        0%         0 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 8. Ordinary Resolution: 
  THAT the Directors be and 
  are hereby authorised, 
  in accordance with article 
  117 of the Company's articles 
  of association, to offer 
  holders of ordinary shares, 
  to the extent and in the 
  manner determined by the 
  Directors the right to 
  elect (in whole or in part) 
  to receive ordinary shares, 
  credited as being fully 
  paid, instead of cash, 
  in respect of any dividends 
  as may be declared by the 
  Directors from time to 
  time, provided that the 
  authority conferred by 
  this resolution shall expire 
  at the conclusion of the 
  Annual General Meeting 
  of the Company to be held 
  in 2020.                            89,438,764    100%        0        0%         0 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 9. Special Resolution: 
  THAT the Company be generally 
  and unconditionally authorised 
  to make market purchases 
  of up to 24,675,351 ordinary 
  shares of no par value 
  in the capital of the Company 
  in accordance with the 
  articles of association 
  of the Company on such 
  terms as the Directors 
  think fit.                          89,438,764    100%        0        0%         0 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 10. Special: Resolution: 
  THAT the Company's articles 
  of association be amended 
  by the deletion of ", within 
  three Business Days after 
  the Calculation Date," 
  in article 14.8.2(b).               89,364,511    100%        0        0%       74,253 
-----------------------------------  -----------  -------  ----------  ------  ----------- 
 

The full text of the resolutions may be found in the notice of the Annual General Meeting, copies of which are available on both the Company's website https://www.gcpuk.com/gcp-asset-backed-income-fund-ltd and on the National Storage Mechanism www.hemscott.com/nsm.do.

2) A copy of the special resolutions passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

For further information please contact:

 
Gravis Capital Management Limited +44 (0)20 7518 1490 
David Conlon            david.conlon@gcpuk.com 
 Philip Kent             philip.kent@gcpuk.com 
 Dion Di Miceli          dion.dimiceli@gcpuk.com 
Cenkos Securities plc                                             +44 (0)20 7397 8900 
Tom Scrivens            tscrivens@cenkos.com 
 Oliver Packard          opackard@cenkos.com 
 Sapna Shah              sshah@cenkos.com 
Buchanan                                                           +44 (0)20 7466 5000 
Charles Ryland          charlesr@buchanan.uk.com 
 Victoria Hayns          victoriah@buchanan.uk.com 
Capita Financial Administrators (Jersey) Limited +44 (0)1534 847000 
Clare McIntosh          clare.mcintosh@capita.je 
 Sophie Botterill        sophie.botterill@capita.je 
 

Notes to Editors

The Company

GCP Asset Backed Income is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.

The Company seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGSEIFFDFWSEEI

(END) Dow Jones Newswires

May 23, 2017 07:28 ET (11:28 GMT)

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