Aberdeen Emerging Markets Inv Co Ld Result of AGM (3834W)

TIDMAEMC

RNS Number : 3834W

Aberdeen Emerging Markets Inv Co Ld

16 April 2019

Aberdeen Emerging Markets Investment Company Limited (the "Company")

LEI: 213800RIA1NX8DP4P938

Result of Annual General Meeting ("AGM")

The Board of the Company announces that at the Company's AGM held earlier today all the resolutions were passed.

A summary of the resolutions and the proxy voting figures received in advance of the meeting are shown below:

 
AGM                                       For / Discretionary        Against         Withheld 
Ordinary resolutions                         Votes         %       Votes       % 
     To receive and adopt 
      the nancial statements 
      for the year ended 
      31 October 2018, with 
      the reports of the 
      Directors and auditor 
1     thereon.                               40,722,548  99.99           46  0.01             0 
     To approve the Directors' 
      Remuneration Report 
      (excluding the Directors' 
      Remuneration Policy) 
      for the year ended 
2     31 October 2018.                       40,716,990  99.99        5,521  0.01            83 
     To approve a dividend 
      policy to declare four 
      interim dividends each 
      year and to authorise 
      the Directors to declare 
3     such dividends.                        40,722,548  99.99           46  0.01             0 
     To re-elect Mr M Hadsley-Chaplin 
4     as a Director.                         26,976,223  66.24   13,746,371  33.76            0 
     To re-elect Mr J Hawkins 
5     as a Director.                         26,976,567  66.24   13,746,027  33.76            0 
     To re-appoint KPMG 
      Channel Islands Limited 
6     as auditor to the Company.             38,921,479  99.99          448  0.01     1,800,667 
     To authorise the Directors 
      to determine the remuneration 
      of the auditor for 
      the forthcoming nancial 
7     year.                                  40,721,881  99.99           46  0.01           667 
     To give the Company 
      the authority to purchase 
8     its own shares.                        40,722,548  99.99           46  0.01             0 
     To give the Company 
      the authority to allot 
9     new shares.                            40,720,405  99.99           46  0.01         2,143 
Special resolution 
     To waive shareholders' 
      rights of pre-emption 
      or similar rights which 
      they may have under 
      the Company's Articles 
      of Incorporation or 
10    otherwise.                             40,715,368  99.99        5,000  0.01         2,226 
 
 

The Board has noted that shareholder proxies representing 33.76% of the issued capital voted against the re-election of Mr Mark Hadsley-Chaplin and Mr John Hawkins. The vast majority of these shares were voted by one institution. The Board has recently met this institution and has some understanding of the reason why the shares were voted in this way, but supports the democratic process which saw substantial support from shareholders with proxies representing 66.24% voting in favour of each of Mr Hadsley-Chaplin and Mr Hawkins' re-election to the Board.

At the time of the above meetings the Company's share capital consisted of 45,974,539 ordinary shares with voting rights and a further 8,643,968 ordinary shares held in treasury.

16 April 2019

Enquiries:

Aberdeen Standard Fund Managers Limited (Alternative Investment Fund Manager to Aberdeen Emerging Markets Investment Company Limited)

Colin Edge / William Hemmings

Tel: [phone]

Vistra Fund Services (Guernsey) Limited (Company Secretary)

Tel: [phone]

Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment Funds

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

RAGSFFFEMFUSEIL

(END) Dow Jones Newswires

April 16, 2019 08:55 ET (12:55 GMT)