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TFIF Twentyfour Income Fund Limited

104.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Twentyfour Income Fund Limited LSE:TFIF London Ordinary Share GG00B90J5Z95 ORD RED 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 104.80 104.00 104.80 104.80 103.80 104.60 656,807 16:28:46
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services -1.38M -22.6M -0.0353 -29.69 670.66M

TwentyFour Inc Fd Result of AGM

20/09/2018 2:54pm

UK Regulatory


 
TIDMTFIF 
 
TwentyFour Income Fund Limited 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                number  56128) 
                       LEI Number: 549300CCEV00IH2SU369 
 
                                (The "Company") 
 
                               20 September 2018 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held on 20 September 2018, all 
Ordinary Resolutions set out in the Annual General Meeting Notice sent to 
Shareholders dated 17 August 2018 were duly passed. 
 
Details of the proxy voting results which should be read along side the Notice 
are noted below: 
 
  Ordinary          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
      1         201,287,637           0              0            0 
 
      2         188,694,655           0         12,592,981        0 
 
      3         201,176,122           0           21,515       90,000 
 
      4         166,075,797           0           41,469     35,170,369 
 
      5         201,265,392           0           22,244          0 
 
      6         201,287,637           0              0            0 
 
      7         201,287,637           0              0            0 
 
      8         201,287,637           0              0            0 
 
      9         201,283,347           0            4,290          0 
 
     10         188,694,655           0         12,592,981        0 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
At the same AGM noted above, the following Extraordinary Resolutions were also 
passed: 
 
Extraordinary Resolution 11 
(201,197,438 in favour / 90,199 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 6.1.1(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 2019; 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 
(165,100,052 in favour / 36,187,584 against / 0 withheld) 
 
That, conditional on extraordinary resolution 11 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 6.1.1(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 2019; 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:        01481 745001 
 
END 
 
 
 
END 
 

(END) Dow Jones Newswires

September 20, 2018 09:54 ET (13:54 GMT)

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