Aberdeen Private Equity Fund Ltd Result of AGM (9095Q)

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RNS Number : 9095Q

Aberdeen Private Equity Fund Ltd

15 September 2017

15 September 2017

Aberdeen Private Equity Fund Limited

Results of Annual General Meeting

The Board of Aberdeen Private Equity Fund Limited announces that, at the Annual General Meeting of the Company held today, 15 September 2017, Ordinary Resolutions 1 to 7 and Special Resolution 9 put to the meeting were approved by shareholders by way of poll.

Special Resolution 8 was approved by a majority of shareholders but failed to achieve the requisite 75% majority and therefore, did not pass.

Details of the proxy votes lodged are set out below:

 
         Ordinary Resolutions               For*       Against     Withheld** 
--------------------------------------  -----------  -----------  ----------- 
 1. To receive and adopt the 
  Financial Statements of the 
  Company for the year ended 
  31 March 2017                          91,898,362       58       2,891,340 
--------------------------------------  -----------  -----------  ----------- 
 2. To receive and adopt the 
  Directors' Remuneration Report         91,865,358     33,062     2,891,340 
--------------------------------------  -----------  -----------  ----------- 
 3. To approve the Directors' 
  Remuneration Policy                    91,865,358     33,062     2,891,340 
--------------------------------------  -----------  -----------  ----------- 
 4. To approve the payment of 
  a final dividend of 2.0 pence 
  per share                              91,898,362       58       2,891,340 
--------------------------------------  -----------  -----------  ----------- 
 4. To re-elect Mr D Copperwaite 
  as a Director                          91,896,449     1,058      2,892,253 
--------------------------------------  -----------  -----------  ----------- 
 6. To appoint PricewaterhouseCoopers 
  CI LLP as Auditors to the Company      73,190,373   18,704,047   2,895,340 
--------------------------------------  -----------  -----------  ----------- 
 7. To approve that the Company 
  continue its business as a 
  closed-ended investment company        66,736,677   28,053,083       0 
--------------------------------------  -----------  -----------  ----------- 
          Special Resolutions 
--------------------------------------  -----------  -----------  ----------- 
 8. To authorise the Directors 
  to allot shares in the Company         64,154,337   27,740,083   2,895,340 
--------------------------------------  -----------  -----------  ----------- 
 9. To authorise the Company 
  to make market purchases of 
  its own shares                         91,866,174     28,246     2,895,340 
--------------------------------------  -----------  -----------  ----------- 
 

The Board of Directors notes the votes against Resolution 6 and will engage further with those shareholders to understand their views.

The Board of Directors further notes the votes against Resolutions 7 and 8. These votes were cast by a small number of shareholders and predominantly by one shareholder who recently came onto the Company's register. The Board will engage further with this shareholder.

The full text of the resolutions may be found in the Notice of Annual General Meeting contained in the Report and Financial Statements for the year ended 31 March 2017, copies of which are available on both the Company's website www.aberdeenprivateequity.co.uk and on the National Storage Mechanism www.morningstar.co.uk/uk/NSM***

A copy of the Special Resolution passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM***

* Includes discretionary votes received

** A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution

*** Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement

Enquiries:

Company Secretary and Administrator

Ipes (Guernsey) Limited

Nicholas Robilliard

01481 713843

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 15, 2017 09:00 ET (13:00 GMT)