TwentyFour Inc Fd Result of AGM

 
TIDMTFIF 
 
TWENTYFOUR INCOME FUND LIMITED 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 56128) 
                       LEI number: 549300CCEV00IH2SU369 
 
                                ("the Company") 
 
                       Result of Annual General Meeting 
                               21 September 2017 
 
At the Annual General Meeting (the "AGM") of the Company held at 1.00pm today 
all resolutions set out in the AGM Notice sent to shareholders were duly passed 
by a show of hands. 
 
Details of the proxy voting results which should be read alongside the Notice 
sent to shareholders on 18 August 2017 are noted below.  A vote withheld is not 
a vote in law and has not been counted in the votes for and against a 
resolution. 
 
  Ordinary          For          Against        Withheld 
 Resolutions 
 
      1         215,112,630         0              0 
 
      2         202,472,251     12,640,379         0 
 
      3         215,098,696         0            13,934 
 
      4         202,487,785     12,624,845         0 
 
      5         215,112,630         0              0 
 
      6         215,087,264       25,366           0 
 
      7         215,112,630         0              0 
 
      8         215,086,630       26,000           0 
 
      9         215,086,630       26,000           0 
 
     10         202,401,251     12,711,379         0 
 
At the same AGM noted above, the following Extraordinary Resolutions were also 
passed: 
 
Extraordinary Resolution 11: 
(215,000,721 in favour / 111,909 against / 0 withheld) 
 
That, in substitution of all existing powers (but in addition to any power 
conferred on them by ordinary resolutions 8 and 9 above), the Directors be and 
are authorised generally and unconditionally in accordance with Article 6.7 of 
the Articles to exercise all powers of the Company to issue equity securities 
(as defined in Article 6.1(a)) for cash as if the members' pre-emption rights 
contained in Article 6.2 of the Articles did not apply to any such issue 
pursuant to the general authority conferred on them by the ordinary resolutions 
8 and 9 above (as varied from time to time by the Company in general meeting): 
 
a)    pursuant to an offer of equity securities open for acceptance for a 
period fixed by the Directors where the equity securities respectively 
attributable to the interests of holders of Ordinary Shares are proportionate 
(as nearly as may be) to the respective numbers of Ordinary Shares held by them 
but subject to such exclusions or other arrangements in connection with the 
issue as the Directors may consider necessary, appropriate or expedient to deal 
with equity securities representing fractional entitlements or to deal with 
legal or practical problems arising in any overseas territory, the requirements 
of any regulatory body or stock exchange, or any other matter whatsoever; and 
 
b)    provided that (otherwise than pursuant to sub-paragraph (a) above) this 
power shall be limited to the allotment of equity securities up to an aggregate 
nominal value equal to 10 per cent. of the total number of shares in issue in 
the Company at the date of the passing of this extraordinary resolution, and 
provided further that (i) the number of equity securities to which this power 
applies shall be reduced from time to time by the number of treasury shares 
which are sold pursuant to any power conferred on the Directors by ordinary 
resolution 10 above and (ii) no issue of equity securities shall be made under 
this power which would result in Ordinary Shares being issued at a price which 
is less than the net asset value per Ordinary Share as at the latest 
practicable date before such allotment of equity securities as determined by 
the Directors in their reasonable discretion, and such power hereby conferred 
shall expire on whichever is the earlier of: (i) the conclusion of the annual 
general meeting of the Company to be held in 2018; or (ii) the date 15 months 
after the date on which this extraordinary resolution is passed (unless 
renewed, varied or revoked by the Company prior to that date) save that the 
Company may, before such expiry, make offers or agreements which would or might 
require equity securities to be issued after such expiry and the Directors may 
issue equity securities in pursuance to such offers or agreements as if the 
authority conferred hereby had not expired. 
 
Extraordinary Resolution 12: 
(199,839,947 in favour / 15,272,683 against / 0 withheld) 
 
That, conditional on ordinary resolution 10 above having been passed, in 
substitution of all existing powers (but in addition to any power conferred on 
them by ordinary resolutions 8 and 9 and in addition to and without prejudice 
to the power granted by extraordinary resolution 11 above), the Directors be 
and are authorised generally and unconditionally in accordance with Article 6.7 
of the Articles to exercise all powers of the Company to issue equity 
securities (as defined in Article 6.1(a)) for cash as if the members' 
pre-emption rights contained in Article 6.2 of the Articles did not apply to 
any such issue pursuant to the general authority conferred on them by the 
ordinary resolutions 8 and 9 above (as varied from time to time by the Company 
in general meeting): 
 
a)    pursuant to an offer of equity securities open for acceptance for a 
period fixed by the Directors where the equity securities respectively 
attributable to the interests of holders of Ordinary Shares are proportionate 
(as nearly as may be) to the respective numbers of Ordinary Shares held by them 
but subject to such exclusions or other arrangements in connection with the 
issue as the Directors may consider necessary, appropriate or expedient to deal 
with equity securities representing fractional entitlements or to deal with 
legal or practical problems arising in any overseas territory, the requirements 
of any regulatory body or stock exchange, or any other matter whatsoever; and 
 
b)            provided that (otherwise than pursuant to sub-paragraph (a) 
above) this power shall be limited to the allotment of equity securities up to 
an aggregate nominal value equal to 10 per cent. of the total number of shares 
in issue in the Company at the date of the passing of this extraordinary 
resolution, and provided further that no issue of equity securities shall be 
made under this power which would result in Ordinary Shares being issued at a 
price which is less than the net asset value per Ordinary Share as at the 
latest practicable date before such allotment of equity securities as 
determined by the Directors in their reasonable discretion, and such power 
hereby conferred shall expire on whichever is the earlier of: (i) the 
conclusion of the annual general meeting of the Company to be held in 2018; or 
(ii) the date 15 months after the date on which this extraordinary resolution 
is passed (unless renewed, varied or revoked by the Company prior to that date) 
save that the Company may, before such expiry, make offers or agreements which 
would or might require equity securities to be issued after such expiry and the 
Directors may issue equity securities in pursuance to such offers or agreements 
as if the authority conferred hereby had not expired. 
 
Enquiries: 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel:        [phone] 
 
 
END 
 
 
 
 
END 
 

(END) Dow Jones Newswires

September 21, 2017 09:02 ET (13:02 GMT)