BBGI Global Infrastructure S.A. Result of AGM (9284J)

TIDMBBGI

RNS Number : 9284J

BBGI Global Infrastructure S.A.

29 April 2022

29 April 2022

BBGI Global Infrastructure S.A.

(the "Company")

Results of Annual General Meeting

BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global infrastructure investment company, is pleased to announce that, at the eleventh Annual General Meeting of the Company held today, 29 April 2022, each of the Resolutions was duly approved by shareholders.

Details of the votes validly cast are set out below:

 
               Ordinary Resolutions                      For        Against      Withheld 
                                                                                     * 
       Presentation of the reports of (i) the 
        Management Board and (ii) the Independent 
        Auditor on the Company's activities during 
        the financial year ended 31 December 
 1.     2021                                         511,204,187       0            0 
      --------------------------------------------  ------------  -----------  ----------- 
 2.    Review and approval of the standalone         511,204,187       0            0 
        financial statements of the Company for 
        the financial year which ended on 31 
        December 2021, allocation of the results 
        and payment of a dividend 
      --------------------------------------------  ------------  -----------  ----------- 
 3.    Review and approval of the consolidated       511,204,187       0            0 
        financial statements of the Company for 
        the financial year which ended on 31 
        December 2021 
      --------------------------------------------  ------------  -----------  ----------- 
 4.    Discharge and release (quitus) to the         510,626,402    577,784         1 
        external auditor, to the current members 
        of the Management Board and to the current 
        members of the Supervisory Board of the 
        Company for all their duties during, 
        and in connection with, the financial 
        year having started on 1 January 2021 
        and having ended on 31 December 2021 
      --------------------------------------------  ------------  -----------  ----------- 
       Re-appointment of Sarah Whitney as a 
 5.     member of the Supervisory Board              489,473,793   6,166,272    15,564,122 
      --------------------------------------------  ------------  -----------  ----------- 
       Re-appointment of Jutta af Rosenborg 
 6.     as a member of the Supervisory Board         477,158,990   18,481,074   15,564,123 
      --------------------------------------------  ------------  -----------  ----------- 
       Re-appointment of Christopher Waples 
 7.     as a member of the Supervisory Board         495,639,776      289       15,564,122 
      --------------------------------------------  ------------  -----------  ----------- 
       Appointment of June Aitken as a member 
 8.     of the Supervisory Board                     495,639,776      289       15,564,122 
      --------------------------------------------  ------------  -----------  ----------- 
       Appointment of Andrew Sykes as a member 
 9.     of the Supervisory Board                     495,639,776      289       15,564,122 
      --------------------------------------------  ------------  -----------  ----------- 
       Appointment of PricewaterhouseCoopers 
 10.    as independent auditor of the Company        505,038,204   6,165,983        0 
      --------------------------------------------  ------------  -----------  ----------- 
       Authorisation of the Management Board 
        to determine the remuneration of the 
 11.    independent auditor                          505,038,204   6,165,983        0 
      --------------------------------------------  ------------  -----------  ----------- 
 12.   Authorisation of the Management Board         511,204,187       0            0 
        to offer shareholders the right to elect 
        to receive further ordinary shares in 
        respect of dividends declared for any 
        financial period or periods of the Company 
        ending prior to the 2023 AGM 
      --------------------------------------------  ------------  -----------  ----------- 
                Special Resolutions 
                                                    ------------  -----------  ----------- 
       Authorisation of the Company to make 
 13.    market purchases of its own shares           511,035,316    168,871         0 
      --------------------------------------------  ------------  -----------  ----------- 
 14.   Authorisation of the Management Board         501,220,436   9,983,751        0 
        to allot up to the aggregate number of 
        shares representing less than 10% of 
        the shares in the Company already admitted 
        to trading on the London Stock Exchange 
      --------------------------------------------  ------------  -----------  ----------- 
 15.   Delegation of Powers                          510,857,899       0         346,288 
      --------------------------------------------  ------------  -----------  ----------- 
 

Having received shareholders' approval of the appointments of June Aitken and Andrew Sykes to the Supervisory Board, they are both appointed as members the Audit, Remuneration and Nomination Committees. Mr Sykes will additionally take the roles of Chair of the Remuneration Committee and Senior Independent Director.

Further to the announcement released on 25 March 2022, with the appointments of Ms Aitken and Mr Sykes now confirmed, Sarah Whitney steps down from her role as a member of the Audit Committee. Ms Whitney remains in her roles as Chair of the Supervisory Board and Nomination Committee and member of the Remuneration Committee.

As was previously announced in our Annual Report, Howard Myles has now stepped down from his role as Director of the Company and no longer serves on the Supervisory Board or any of its Committees in any capacity.

The full text of the resolutions may be found in the Convening Notice to Annual General Meeting dated 28 March 2022, copies of which are available on both the Company's website www.bb-gi.com ** and on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism **.

A copy of the Special Resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism **.

The Results will also be available shortly for viewing on the Company's website www.bb-gi.com **.

For further information, please contact:

 
 BBGI Management Team            [phone] 
 Duncan Ball 
                                ----------------------------- 
 Frank Schramm 
                                ----------------------------- 
 
 Maitland/AMO (Communications 
  adviser)                       [phone] 
                                ----------------------------- 
 James Benjamin / Alistair de    [e-mail] 
  Kare-silvers 
                                ----------------------------- 
 

NOTES

BBGI Global Infrastructure S.A. (BBGI) is a responsible infrastructure investment company and a constituent of the FTSE 250 that invests in and actively manages for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments.

BBGI is committed to delivering stable and predictable cash flows with progressive long-term dividend growth and attractive, sustainable, returns for shareholders. BBGI has a proactive approach to preserving and enhancing the value of its investments, and to delivering well maintained social infrastructure for communities and end users, whilst serving society by supporting local communities.

All of BBGI's investments are availability-based and supported by secure public sector-backed contracted revenues, with inflation-protection characteristics, that is paid so long as the assets are available for use.

BBGI's investment portfolio is over 99% operational with all its investments located across highly rated investment grade countries with stable, well developed operating environments.

BBGI's in-house management team is incentivised by shareholder returns and consistently maintains low comparative ongoing charges to shareholders.

Further information about BBGI is available on its website at www.bb-gi.com **.

The Company's LEI: 529900CV0RWCOP5YHK95

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.

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

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April 29, 2022 09:55 ET (13:55 GMT)