JPMorgan Senior Secured Loan Fd Ltd Results of Second Extraordinary General Meeting (8416B)

TIDMJPSL

RNS Number : 8416B

JPMorgan Senior Secured Loan Fd Ltd

21 June 2016

JPMORGAN SENIOR SECURED

LOAN FUND LIMITED

(the 'Company')

Results of the Second

Extraordinary General Meeting

21 June 2016

Following the Second Extraordinary General Meeting of the Company, which was held today in Guernsey, the Board is pleased to announce that all of the resolutions put to shareholders were passed by the requisite majorities. These resolutions:

   1.        placed the Company into voluntary liquidation; 

2. appointed Linda Maree Johnson and Ashley Charles Paxton of KPMG Channel Islands Limited as joint liquidators to the Company and authorised that their remuneration be determined on the basis of time properly spent in attending to the winding up of the Company;

3. empowered the joint liquidators to make distributions to shareholders (and pay nominal amounts to Cancer Research UK);

4. provide for the books and records of the Company to be kept for six years after the date of dissolution of the Company.

The full text of the resolutions can be found in the Notice of Extraordinary General Meeting which is available for viewing at the National Storage Mechanism which can be located at www.morningstar.co.uk/uk/NSM.

The Company also announces the retirement of Simon Robinson and Sarah Evans from the Board.

A summary of proxy votes is set out below:

 
                Resolution                      Total Votes          Total Votes            Net Total          Votes 
                                               For/Discretion           Against               Votes           Withheld 
-----------------------------------------  --------------------  -------------------  --------------------  ---------- 
                                              Shares      % of     Shares      % of      Shares      % of     Shares 
                                                          Votes                Votes                 Votes 
                                                          Cast                 Cast                  Cast 
----  -----------------------------------  -----------  -------  ----------  -------  -----------  -------  ---------- 
       That the Company be and is 
        hereby wound up voluntarily 
        pursuant to Section 391(1)(b) 
        of The Companies (Guernsey) 
 1      Law, 2008, as amended.              45,520,778   97.16    1,328,868    2.84    46,849,646   100.00       0 
----  -----------------------------------  -----------  -------  ----------  -------  -----------  -------  ---------- 
       That Linda Maree Johnson and 
       Ashley Charles Paxton of KPMG 
       Channel Islands Limited, Glategny 
       Court, Glategny Esplanade, 
       St Peter Port, Guernsey GY1 
       1WR be and are appointed as 
       joint 
       liquidators (the "Liquidators") 
       for the purpose of the winding 
       up of the Company and any 
       power conferred on the Liquidators 
       by law, the Articles or by 
       this Resolution may be exercised 
       by any one of them and any 
       act required or authorised 
       under any enactment to be 
       done by them may be done by 
       any one of them, such appointment 
       becoming effective on the 
 2     passing of this Resolution;          45,520,778   97.16    1,328,868    2.84    46,849,646   100.00       0 
----  -----------------------------------  -----------  -------  ----------  -------  -----------  -------  ---------- 
       That the remuneration of the 
       Liquidators be determined 
       on the basis of time properly 
       spent by them and members 
       of their staff in attending 
       to matters arising prior to 
       and during the winding up 
       of the Company (including 
       those falling outside of their 
       statutory duties, undertaken 
       at the request of the members) 
       as set out in the Liquidators' 
       letter of engagement dated 
       on or around the date of the 
       Extraordinary General Meeting, 
       and that they be and are hereby 
       authorised to draw such 
       remuneration 
       monthly or at such longer 
       intervals as they may determine 
       and to pay any expenses properly 
       incurred by them in respect 
 3     of the winding up;                   45,520,778   97.16    1,328,868    2.84    46,849,646   100.00       0 
----  -----------------------------------  -----------  -------  ----------  -------  -----------  -------  ---------- 
 4     That the Liquidators shall 
        be empowered to: 
       make such distributions to 
        the Shareholders up to and 
        including the date of the 
        final liquidation distribution 
        payable to the Shareholders 
        as they think fit provided 
        that the amount payable is 
        GBP5.00 per Shareholder or 
 (a)    more; and                           45,520,778   97.16    1,328,868    2.84    46,849,646   100.00       0 
       following all the payments 
        made in accordance with 4(a) 
        above, pay the balance of 
        distributable amounts to Cancer 
        Research UK (registered charity 
 (b)    number 1089464); and                45,520,778   97.16    1,328,868    2.84    46,849,646   100.00       0 
----  -----------------------------------  -----------  -------  ----------  -------  -----------  -------  ---------- 
       That the Company's books and 
        records be held by the secretary 
        of the Company to the order 
        of the Liquidators until the 
        expiry of six years after 
        the date of dissolution of 
        the Company, when they may 
 5      be disposed of.                     45,520,778   97.16    1,328,868    2.84    46,849,646   100.00       0 
----  -----------------------------------  -----------  -------  ----------  -------  -----------  -------  ---------- 
 

Number of Shares in issue on 21 June 2016: 79,500,000

Issued Share Capital: 79,500,000

Total Number of shares voted by proxy: 46,834,646

Treasury Shares: 2,519,500

For further information:

Linda Johnson

Director, Advisory

KPMG Channel Islands Limited

Glategny Court, Glategny Esplanade

St Peter Port, Guernsey GY1 1WR

Phone: + 44 (0) 1481 721000

Email: [e-mail]

Ashley Paxton

Director, Advisory

KPMG Channel Islands Limited

Glategny Court, Glategny Esplanade

St Peter Port, Guernsey GY1 1WR

Phone: + 44 (0) 1481 721000

Email: [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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June 21, 2016 07:24 ET (11:24 GMT)