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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Icg-longbow Senior Secured Uk Property Debt Investments Limited | LSE:LBOW | London | Ordinary Share | GG00B8C23S81 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.10 | -0.44% | 22.50 | 21.20 | 23.80 | 8,000 | 16:35:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Finance Services | 7.27M | 1.96M | 0.0162 | 13.95 | 27.41M |
TIDMLBOW
RNS Number : 7628L
ICG-Longbow Snr Sec UK Prop DebtInv
14 January 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.
14 January 2021
ICG-Longbow Senior Secured UK Property Debt Investments Limited (the "Company")
Results of Extraordinary General Meeting
The Company is pleased to announce that at the Extraordinary General Meeting held today, 14 January 2021, the ordinary resolution as detailed below , was passed by shareholders on a poll and a summary of the results will be made available on the Company's website at http://www.lbow.co.uk/ .
In accordance with LR 9.6.18, details of the resolution passed are as follows:
Ordinary Resolution Votes For (including Votes Against Votes Withheld* discretionary) That the New Investment Objective and Investment Policy of the Company as set out in Part 3 of the circular to Shareholders dated 16 December 2020 of which this notice forms part (the "Circular") be adopted as the investment objective and investment policy of the Company with immediate effect and the Current Investment Objective and Investment Policy be and is hereby replaced. 64,946,482 76.20% 20,279,986 23.80% 13,469
*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the Resolution.
The Board, however, notes the votes against the ordinary resolution, which equated to 23.80% of the total shares voted by proxy. The Board, through the Chairman, investment manager (ICG Alternative Investment Limited) and broker (Cenkos Securities plc), has been in continuous dialogue with major shareholders, including the significant dissenting shareholder whose votes represented nearly all of the dissenting vote against the ordinary resolution. The Board was aware of the dissenting shareholder's views prior to the publication of the circular convening the Extraordinary General Meeting, but with other shareholder feedback indicating overwhelming support for the ordinary resolution, as subsequently demonstrated by the 76.20% vote in favour of the total shares voted, took the decision to proceed with publication of the circular to put the ordinary resolution to shareholder vote. The dissenting shareholder wanted the Company to continue with its then current investment objective and investment policy and to be managed by the existing investment manager. The Board will continue to engage with shareholders following the introduction of the Company's new investment objective and investment policy and strategy which are now effective.
The full text of the Ordinary Resolution is set out in the Notice of Extraordinary General Meeting dated 16 December 2020.
In accordance with Listing Rule 9.6.2, the full text of the resolution passed has been submitted to the National Storage Mechanism together with the Notice of Extraordinary General Meeting and is available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information, please contact:
Ocorian Administration (Guernsey) Limited: +44 (0)14 8174 Anna Storey 2742 Cenkos Securities plc: +44 (0)20 7397 Will Rogers 1920 Maitland Consultancy Limited: +44 (0)20 7379 5151 Sam Turvey +44 (0)20 3201 ICG Longbow: 7502 Martin Wheeler +44 (0)20 3201 David Mortimer 7532
Further information on the Company can be found on its website at http://www.lbow.co.uk/
ICG Longbow LEI: 2138008BKBH3OP2CA764
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January 14, 2021 10:45 ET (15:45 GMT)
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