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HICL Hicl Infrastructure Plc

125.60
-0.20 (-0.16%)
Last Updated: 12:42:34
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hicl Infrastructure Plc LSE:HICL London Ordinary Share GB00BJLP1Y77 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.20 -0.16% 125.60 125.40 126.20 126.80 125.40 126.80 2,922,770 12:42:34
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 202.3M 198.4M 0.1024 12.30 2.44B

HICL Infrastructure Company Ld Result of AGM (2956L)

17/07/2017 5:00pm

UK Regulatory


Hicl Infrastructure (LSE:HICL)
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TIDMHICL

RNS Number : 2956L

HICL Infrastructure Company Ld

17 July 2017

17 July 2017

HICL Infrastructure Company Limited (the "Company")

Result of the Annual General Meeting

The Directors of the Company are pleased to announce the results of voting at the annual general meeting of the Company held at 4:00 PM (UK Time) on Monday, 17 July 2017 at the offices of Aztec Group, East Wing, Trafalgar Court, Les Banques, St Peter Port, Guernsey, GY1 3PP (the "AGM").

Each of the Ordinary Resolutions and Special Resolutions proposed in the notice and agenda of the AGM were duly passed.

Total votes of 711,361,598 were cast at the AGM(1) . The results of the voting(2) are noted as follows:

Ordinary Resolutions(3)

 
 Resolution                                      Votes For     Votes Against   Votes Withheld(4) 
       1. TO receive and consider 
        the annual report, including 
        the Directors' Report and 
        the Auditors' Report for the             711,361,228 
        year ended 31 March 2017.                 100%         370             0 
                                                                0.00%           0.00% 
       2. TO re-elect Ian Russell 
        as a non-executive Director.             657,633,618   48,393,903      5,334,077 
                                                  92%           6.80%           0.75% 
       3. TO re-elect Sally-Ann Farnon           711,316,202 
        as a non-executive Director.              100%         11,809          33,587 
                                                                0.00%           0.00% 
       4. TO re-elect Simon Holden               711,318,289 
        as a non-executive Director.              100%         9,722           33,587 
                                                                0.00%           0.00% 
       5. TO re-elect Frank Nelson               711,321,263 
        as a non-executive Director.              100%         6,562           33,773 
                                                                0.00%           0.00% 
       6. TO re-elect Kenneth Reid               711,313,646 
        as a non-executive Director.              100%         14,365          33,587 
                                                                0.00%           0.00% 
       7. TO re-elect Christopher 
        Russell as a non-executive               711,249,415 
        Director.                                 100%         78,596          33,587 
                                                                0.01%           0.00% 
       8. TO approve the Directors' 
        Remuneration Report (as set 
        out in the Annual Report) 
        including both the remuneration 
        paid for the year ended 31 
        March 2017, and proposed remuneration 
        payable for the year ending 
        31 March 2018, to the Chairman, 
        the Senior Independent Director, 
        the Chairs of each Committee 
        of the Board and each other 
        non-executive Director, for 
        routine business and additional 
        corporate work.                          695,968,217   15,379,223      14,158 
                                                  98%           2.16%           0.00% 
       9. THAT KPMG Channel Islands 
        Limited be re-appointed as 
        auditors of the Company.                 698,192,619   13,143,808      25,171 
                                                  98%           1.85%           0.00% 
       10. THAT the Directors be 
        authorised to agree the remuneration     711,339,667 
        of the auditors.                          100%         18,491          3,440 
                                                                0.00%           0.00% 
       11. To approve the Company's 
        dividend policy for the year             711,358,228 
        ending 31 March 2018.                     100%         370             3,000 
                                                                0.00%           0.00% 
       12. THAT in accordance with 
        the Company's Articles of 
        Incorporation the Board may, 
        in respect of all and any 
        dividends declared for any 
        financial period or periods 
        of the Company ending prior 
        to the next annual general 
        meeting of the Company, offer 
        shareholders the right to 
        elect to receive further shares 
        (whether or not of that class), 
        credited as fully paid, instead 
        of cash in respect of all 
        or any part of such dividend 
        or dividends declared in respect 
        of any such financial period             711,351,765 
        or periods.                               100%         9,833           0 
                                                                0.00%           0.00% 
       13. THAT the Directors be, 
        and hereby are, authorised 
        to exercise their discretion 
        under and in accordance with 
        the Company's Articles of 
        Incorporation and The Companies 
        (Guernsey) Law, 2008, as amended 
        to make market acquisitions 
        (within the meaning of The 
        Companies (Guernsey) Law, 
        2008, as amended) of the Ordinary 
        Shares issued or to be issued 
        by the Company in accordance 
        with the conditions set out              711,133,037 
        in the notice of the AGM.                 100%         224,797         3,764 
                                                                0.03%           0.00% 
 14. THAT the Directors be, 
  and hereby are, authorised 
  to, in accordance with article 
  44 of the Articles of Incorporation 
  of the Company, increase the 
  share capital of the Company 
  from GBP199,999.99 divided 
  into 1,999,999,900 Unclassified 
  Shares of 0.01p to GBP300,000 
  divided into 3,000,000,000 
  Unclassified Shares 0.01p 
  each (which may be issued 
  as Ordinary Shares, C Shares 
  or Deferred Shares or otherwise 
  on such terms and conditions 
  as the Directors determine                     711,316,037 
  from time to time).                             100%         30,002          15,559 
                                                                0.00%           0.00% 
 

Special Resolutions(5)

 
 Resolution                              Votes For     Votes Against   Votes Withheld(4) 
 15. THAT the Directors be, 
  and hereby are, empowered 
  to allot (or sell Ordinary 
  Shares held as Treasury Shares) 
  up to 10.0% of the Ordinary 
  Shares of the Company in issue 
  as at the date of this resolution, 
  for cash as if Article 9 of 
  the Company's Articles of 
  Incorporation did not apply 
  to the allotment or sale for 
  the period expiring on the 
  date falling 15 months after 
  the date upon which this resolution 
  is passed or the conclusion 
  of the next annual general 
  meeting of the Company, whichever 
  is the earlier PROVIDED THAT 
  the Company may before such 
  expiry, make an offer or agreement 
  which would or might require 
  Ordinary Shares to be allotted 
  or sold after such expiry 
  and Ordinary Shares may be 
  allotted or sold in pursuance 
  of such an offer or agreement 
  as if the power conferred 
  by this resolution had not             710,775,184 
  expired.                                100%         538,824         47,590 
                                                        0.08%           0.01% 
 

In accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will be available at http://www.morningstar.co.uk/uk/NSM.

Notes:

1. The latest total voting rights of the Company of 1,786,036,854 were disclosed on 3 July 2017 and were unchanged at the time of convening the AGM.

2. Pursuant to sections 176(3) and 178(4) of the Companies (Guernsey) Law, 2008, ordinary and special resolutions of the members are passed on a show of hands if passed by members who vote in person and by persons who vote as duly appointed proxies of members entitled to vote. Accordingly, this means that resolutions are passed by the requisite majority of votes cast at the AGM, not as a majority of the total voting rights.

3. Ordinary resolutions are passed if more than half (50%) of votes are cast in favour of the resolution.

4. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a particular resolution.

   5.   Special resolutions are passed if more than 75% of votes are cast in favour of the resolution. 

For further information, please contact:

Aztec Financial Services (Guernsey) Limited

   Chris Copperwaite                                                          +44 (0) 1481 748831 

Jacques Colley

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGSFSFIWFWSEIW

(END) Dow Jones Newswires

July 17, 2017 12:00 ET (16:00 GMT)

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