TwentyFour Inc Fd Result of AGM

 
TIDMTFIF 
 
TWENTYFOUR INCOME FUND LIMITED 
 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 56128) 
 
                                ("the Company") 
 
                       Result of Annual General Meeting 
 
                               22 September 2016 
 
At the Annual General Meeting (the "AGM") of the Company held on 22 September 
2016 at 9.30am, all resolutions set out in the AGM Notice sent to shareholders 
were duly passed by a show of hands. 
 
Details of the proxy voting results which should be read alongside the Notice 
sent to shareholders on 19 August 2016 are noted below.  A vote withheld is not 
a vote in law and has not been counted in the votes for and against a 
resolution. 
 
  Ordinary          For          Against        Withheld 
 Resolutions 
 
      1         182,286,777      118,572           0 
 
      2         169,827,479     12,577,870         0 
 
      3         182,395,349       10,000           0 
 
      4         169,817,479     12,587,870         0 
 
      5         182,395,349       10,000           0 
 
      6         182,358,899       46,450           0 
 
      7         182,395,349       10,000           0 
 
      8         182,405,349         0              0 
 
      9         182,369,749       10,000         25,600 
 
     10         182,167,382      212,367         25,600 
 
At the same AGM noted above, the following Extraordinary Resolution was also 
passed: 
 
Extraordinary Resolution 1: 
 
(161,070,292 in favour / 21,309,457 against / 25,600 abstain) 
 
That, in addition to and without prejudice to any authority currently in force, 
(and in addition to any power conferred on them by ordinary resolution 9 
above), the Directors be and are authorised generally and unconditionally in 
accordance with Article 6.7 of the Articles to exercise all powers of the 
Company to issue equity securities (as defined in Article 6.1(a)) for cash as 
if the members' pre-emption rights contained in Article 6.2 of the Articles did 
not apply to any such issue pursuant to the general authority conferred on them 
by the ordinary resolution numbered 8 above (as varied from time to time by the 
Company in general meeting): 
 
a)    pursuant to an offer of equity securities open for acceptance for a 
period fixed by the Directors where the equity securities respectively 
attributable to the interests of holders of Ordinary Shares are proportionate 
(as nearly as may be) to the respective numbers of Ordinary Shares held by them 
but subject to such exclusions or other arrangements in connection with the 
issue as the Directors may consider necessary, appropriate or expedient to deal 
with equity securities representing fractional entitlements or to deal with 
legal or practical problems arising in any overseas territory, the requirements 
of any regulatory body or stock exchange, or any other matter whatsoever; and 
 
b)    provided that (otherwise than pursuant to sub-paragraph (a) above) this 
power shall be limited to the allotment of equity securities up to an aggregate 
nominal value equal to 10% of the total number of shares in issue in the 
Company at the date of the passing of this extraordinary resolution, and 
provided further that (i) the number of equity securities to which this power 
applies shall be reduced from time to time by the number of treasury shares 
which are sold pursuant to any power conferred on the Directors by resolution 
10 above and 
 
(ii) no issue of equity securities shall be made under this power which would 
result in Ordinary Shares being issued at a price which is less than the net 
asset value per Ordinary Share as at the latest practicable date before such 
allotment of equity securities as determined by the Directors in their 
reasonable discretion, 
 
and such power hereby conferred shall expire on whichever is the earlier of: 
(i) the conclusion of the annual general meeting of the Company to be held in 
2017; or (ii) the date 15 months after the date on which this extraordinary 
resolution is passed (unless renewed, varied or revoked by the Company prior to 
that date) save that the Company may, before such expiry, make offers or 
agreements which would or might require equity securities to be issued after 
such expiry and the Directors may issue equity securities in pursuance to such 
offers or agreements as if the authority conferred hereby had not expired. 
 
Enquiries: 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
Tel:       [phone] 
 
END 
 
 
 
END 
 

(END) Dow Jones Newswires

September 22, 2016 12:01 ET (16:01 GMT)