Saltus European Debt Strategies Ltd Result of AGM (6428H)

TIDMSED

RNS Number : 6428H

Saltus European Debt Strategies Ltd

13 July 2012

13 July 2012

Saltus European Debt Strategies Limited

Outcome of AGM

The Board of Saltus European Debt Strategies Limited ("SEDS" or the "Company"), is pleased to announce that at the AGM held earlier today, shareholders unanimously approved the Proposals Implementation Resolution. This provides for a managed wind down for those shareholders who wish to have their shares redeemed and a continuation class with an amended investment objective and strategy, for those who prefer to remain invested.

All other resolutions were unanimously approved with the exception of Resolution 6, to grant the Directors the authority to make share buybacks up to 14.9% of the shares in issue. This resolution was proposed as a special resolution and did not gain the required 75% approval.

 
 Resolution   Description                   For          Against     Withheld 
-----------  ----------------------------  -----------  ----------  --------- 
 1            To approve annual accounts    30,917,876   0           0 
-----------  ----------------------------  -----------  ----------  --------- 
              To re-elect Rupert Dorey 
 2             as a director                30,917,876   0           0 
-----------  ----------------------------  -----------  ----------  --------- 
              To re-elect Jon Macintosh 
 3             as a director                30,917,876   0           0 
-----------  ----------------------------  -----------  ----------  --------- 
              To re-appoint BDO limited 
 4             as auditors                  30,917,876   0           0 
-----------  ----------------------------  -----------  ----------  --------- 
              To approve the Proposals 
               Implementation Resolution, 
 5             facilitating the Proposals   30,917,876   0           0 
-----------  ----------------------------  -----------  ----------  --------- 
 6            Share buyback authority       21,661,665   9,256,211   0 
-----------  ----------------------------  -----------  ----------  --------- 
 

For further information please contact:

 
 Jon Macintosh 
  Saltus Partners LLP              [phone] 
 
 Ed Gascoigne Pees 
  FTI Consulting Group Ltd         [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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