KKV Secured Loan Fund Limited Result of AGM (9271T)

TIDMKKVL

RNS Number : 9271T

KKV Secured Loan Fund Limited

29 November 2021

29 November 2021

KKV Secured Loan Fund Limited

LEI: 2138007S3YRY3IUU4W39

Results of AGM

KKV Secured Loan Fund Limited (the "Company") is pleased to announce that at the Annual General Meeting (the "AGM") held at 11:00 GMT today, the Ordinary Class Meeting held at 11:05 GMT today and the C Class Meeting at 11:10 GMT today, all of the resolutions proposed were duly passed.

Further information on the votes cast on each resolution will be available on the Company's website shortly.

The Board notes the votes against resolution 6 and 7, being 27.47% and 27.05%, respectively, of those voting. The Board believes that the incentive arrangements will be important for hiring and retaining employees and consultants for the realisation of the Company's portfolio while providing a lower cost solution than alternative options. Considerable work remains to complete the realisation programme and the incentive arrangements are designed to align the interests of the Board, employees and consultants with the interests of shareholders and ensure that those involved in the wind-down are remunerated for the work undertaken. The Board is pleased that the majority of shareholders supported the proposals, however, it will seek to engage with those shareholders that voted against resolutions 6 and 7 to understand their concerns and will provide a further update in due course.

For further information please contact:

 
KKV Secured Loan Fund Limited                       via the Company Secretary 
 Brett Miller 
 BNP Paribas Securities Services S.C.A., Guernsey 
  Branch 
  Company Secretary                                  01481 750853 
Winterflood Securities Limited 
 Neil Langford                                      020 3100 0000 
 

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November 29, 2021 10:56 ET (15:56 GMT)