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GCP Gcp Infrastructure Investments Limited

72.80
0.20 (0.28%)
Last Updated: 08:03:31
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gcp Infrastructure Investments Limited LSE:GCP London Ordinary Share JE00B6173J15 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 0.28% 72.80 72.10 73.40 72.80 72.80 72.80 10,619 08:03:31
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 51.71M 30.91M 0.0355 20.45 632.51M

GCP Infrastructure Investments Ltd Results of the AGM and EGM (4748E)

09/02/2018 12:30pm

UK Regulatory


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TIDMGCP

RNS Number : 4748E

GCP Infrastructure Investments Ltd

09 February 2018

GCP Infrastructure Investments Limited

("GCP Infra" and/or the "Company")

LEI213800W64MNATSIV5Z47

Results of the Annual General Meeting and Extraordinary General Meeting

GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, today announces the results of voting at both the annual general meeting and extraordinary general meeting of the Company held on Friday 9 February 2018 at the Registered Office of the Company.

Each of the Ordinary Resolutions and Special Resolutions proposed in the notice and agenda of the AGM were duly passed. Total votes of 359,732,143 were cast at the AGM. The results of the voting are noted as follows:

 
 Resolutions                         For         %      Against       %      Withheld 
------------------------------  ------------  ------  -----------  ------  ----------- 
 1. Ordinary Resolution: 
  THAT the Report 
  of the Directors 
  and the audited 
  financial statements 
  of the Company for 
  the year ended 30 
  September 2017 be 
  adopted.                       359,706,399   99.99      819       0.01      24,925 
------------------------------  ------------  ------  -----------  ------  ----------- 
 2. Ordinary Resolution: 
  THAT the Directors' 
  remuneration report 
  for the year ended 
  30 September 2017 
  be approved.                   354,463,136   98.55   5,227,613    1.45      41,394 
------------------------------  ------------  ------  -----------  ------  ----------- 
 3. Ordinary Resolution: 
  THAT Ian Reeves 
  CBE be re-elected 
  as a director of 
  the Company.                   359,609,087   99.98     84,086     0.02      38,969 
------------------------------  ------------  ------  -----------  ------  ----------- 
 4. Ordinary Resolution: 
  THAT Clive Spears 
  be re-elected as 
  a director of the 
  Company.                       359,664,855   99.99     10,819     0.01      56,469 
------------------------------  ------------  ------  -----------  ------  ----------- 
 5. Ordinary Resolution: 
  THAT Paul De Gruchy 
  be re-elected as 
  a director of the 
  Company.                       359,687,596   99.99     5,578      0.01      38,969 
------------------------------  ------------  ------  -----------  ------  ----------- 
 6. Ordinary Resolution: 
  THAT David Pirouet 
  be re-elected as 
  a director of the 
  Company.                       359,692,355   99.99      819       0.01      38,969 
------------------------------  ------------  ------  -----------  ------  ----------- 
 7. Ordinary Resolution: 
  THAT Michael Gray 
  be re-elected as 
  a director of the 
  Company.                       359,670,096   99.99     23,078     0.01      38,969 
------------------------------  ------------  ------  -----------  ------  ----------- 
 8. Ordinary Resolution: 
  THAT Julia Chapman 
  be re-elected as 
  a director of the 
  Company.                       359,692,355   99.99      819       0.01      38,969 
------------------------------  ------------  ------  -----------  ------  ----------- 
 9. Ordinary Resolution: 
  THAT Clive Spears 
  be appointed as 
  Senior Independent 
  Director.                      359,664,855   99.99     10,819     0.01      56,469 
------------------------------  ------------  ------  -----------  ------  ----------- 
 10. Ordinary Resolution: 
  THAT the companies 
  dividend policy 
  be approved.                   359,706,399   99.99     25,444     0.01       300 
------------------------------  ------------  ------  -----------  ------  ----------- 
 11. Ordinary Resolution: 
  THAT KPMG Channel 
  Islands Jersey Limited 
  be re-appointed 
  as Auditors to the 
  Company.                       319,847,914   99.73    875,821     0.27    39,008,406 
------------------------------  ------------  ------  -----------  ------  ----------- 
 12. Ordinary Resolution: 
  THAT the remuneration 
  of KPMG Channel 
  Islands Jersey Limited 
  be determined by 
  the Audit Committee.           359,721,024   99.99     10,819     0.01       300 
------------------------------  ------------  ------  -----------  ------  ----------- 
 13. Ordinary Resolution: 
  THAT the Director's 
  remuneration policy 
  be approved.                   307,565,919   85.51   52,131,038   14.49     35,185 
------------------------------  ------------  ------  -----------  ------  ----------- 
 14. Ordinary Resolution: 
  THAT the maximum 
  aggregate base remuneration 
  fees payable to 
  the Directors be 
  increased to GBP500,000 
  per annum.                     311,942,368   86.72   47,767,539   13.28     22,235 
------------------------------  ------------  ------  -----------  ------  ----------- 
 15. Ordinary Resolution: 
  THAT the Company 
  be generally and 
  unconditionally 
  authorised to cancel 
  or hold treasury 
  in any of the Ordinary 
  Share purchased 
  pursuant to the 
  authority granted.             358,928,293   99.78    799,213     0.22      4,637 
------------------------------  ------------  ------  -----------  ------  ----------- 
 16. Ordinary Resolution: 
  THAT the Directors 
  be and are hereby 
  authorised, in accordance 
  with Article 115 
  of the Articles, 
  to offer holders 
  of Ordinary Shares 
  to the extent in 
  the manner determined 
  by the Directors, 
  the right to elect 
  to receive Ordinary 
  Shares, credited 
  as being fully paid, 
  instead of cash, 
  in respect of all 
  or any part dividend 
  as may be declared 
  by the Directors 
  from time to time.             358,917,189   99.78    790,029     0.22      24,925 
------------------------------  ------------  ------  -----------  ------  ----------- 
 17. Special Resolution: 
  THAT the Company 
  be authorised to 
  purchase its own 
  shares be approved.            358,902,289   99.77    813,554     0.23      16,300 
------------------------------  ------------  ------  -----------  ------  ----------- 
 18. Special Resolution: 
  THAT the Directors 
  be authorised to 
  allot and issue 
  up to 79,132,684 
  Ordinary Shares, 
  as if pre-emption 
  rights in the Articles 
  did not apply, be 
  approved.                      358,907,182   99.77    824,661     0.23       300 
------------------------------  ------------  ------  -----------  ------  ----------- 
 

The Special Resolution proposed in the notice and agenda of the EGM was also duly passed. Total votes of 355,766,004 were cast at the EGM. The results of the voting are noted as follows:

 
 Special Resolution                   For         %      Against      %      Withheld 
-------------------------------  ------------  ------  -----------  -----  ----------- 
     THAT the Directors 
      of the Company be 
      and are hereby generally 
      and unconditionally 
      authorised to allot 
      and issue an aggregate 
      of up to 79,132,684 
      Ordinary Shares and/or 
      C Shares for cash.          291,032,719   93.08   21,631,860   6.92   43,101,425 
-------------------------------  ------------  ------  -----------  -----  ----------- 
 

In accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at both the AGM and EGM have been submitted to the National Storage Mechanism and will be available at www.morningstar.co.uk/uk/NSM. The full text of the resolutions may also be found in the notices of the AGM and EGM which are available on the Company's website https://www.graviscapital.com/funds/gcp-infra

For further information, please contact:

Gravis Capital Management Limited +44 (0)20 3405 8500

Stephen Ellis

Rollo Wright

Dion Di Miceli

Stifel Nicolaus Europe Limited +44 (0)20 7710 7600

Mark Bloomfield

Neil Winward

Tunga Chigovanyika

Buchanan +44 (0)20 7466 5000

Charles Ryland

Henry Wilson

Victoria Hayns

End of Announcement

Notes to the Editor

About GCP Infra

The Company is a closed-ended London Stock Exchange-listed investment company that seeks to generate returns from senior and subordinated infrastructure debt and related and/or similar assets. The Company is advised by Gravis.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGSSWFEUFASEEE

(END) Dow Jones Newswires

February 09, 2018 07:30 ET (12:30 GMT)

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