Damille Investments Limited Results of General Meeting (3524T)

TIDMDIL

RNS Number : 3524T

Damille Investments Limited

12 December 2012

DAMILLE INVESTMENTS LIMITED (LSE:DIL) (the "Company")

12 December 2012

RESULTS OF GENERAL MEETING

In accordance with the provisions of E.2.2 of The UK Corporate Governance Code, the Company advises that for the General Meeting held on 11 December 2012 valid proxy appointments were made in respect of 24,234,464 voting shares and voting was as follows:

IT WAS RESOLVED to receive the Annual Financial Report for the period ended 30 June 2012. (24,234,464 votes cast, all in favour.)

IT WAS RESOLVED to re-appoint Ernst & Young LLP as Auditor to the Company, to hold office for the conclusion of this meeting until the conclusion of the next general meeting to be held in 2013 under section 199 of The Companies (Guernsey) Law, 2008, as amended, and to authorise the Directors to determine their remuneration (24,234,464 votes cast, all in favour.)

IT WAS RESOLVED that the Company be authorised, in accordance with Section 315(1)(a) of the Law, to make market purchases (within the meaning of section 316 of the Law) of ordinary shares of no par value each (the "Shares"), and to cancel such Shares or hold such Shares as treasury shares, provided that:

i. The maximum number of Shares hereby authorised to be purchased shall be 14.99% of the Shares in issue;

ii. Purchases by the Company will only be made in the market at prices below the estimated prevailing NAV per Share where the Directors believe such purchases will result in an increase in the NAV per Share of the remaining Shares and as a means of addressing any imbalance between the supply of, and demand for, such Shares;

iii. The maximum which may be paid for a Share shall not be at a price higher than 5% above the average mid-market values for the Shares for the five Business Days before the purchase is made or the higher of the last independent trade or the highest independent bid for the shares

   iv.      The minimum price to be paid for a Share shall be 1 pence; and 

v. Unless previously varied, revoked or renewed, the authority hereby conferred shall expire at the conclusion of the General Meeting of the Company to be held in 2013, under section 199 of the Law, save that the Company may, prior to such expiry, enter into a contract to purchase Shares under such authority and make a purchase of Shares pursuant to such contract.

(24,234,464 votes cast, all in favour.)

For further information contact:

   Administrative Enquiries:                             Shareholder Enquiries: 
   Anson Fund Managers Limited                   Nimrod Capital LLP 
   Tel: [phone]                          Tel: [phone] 

[e-mail]

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