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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
  -0.50 -0.44% 113.50 113.00 114.00 114.00 113.50 113.50 275,473 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 37.4 127.0 25.0 4.5 577

TwentyFour Inc Fd Result of AGM

14/10/2021 10:37am

UK Regulatory (RNS & others)


 
TIDMTFIF 
 
TwentyFour Income Fund Limited 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 56128) 
 
                       LEI Number: 549300CCEV00IH2SU369 
                                (The "Company") 
 
14 OCTOBER 2021 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held today, all Resolutions set 
out in the Annual General Meeting Notice sent to Shareholders dated 13 
September 2021 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           309,587,628             0             14,416         17,663 
 
       2           309,614,023             0              5,684            0 
 
       3           309,512,452             0             94,518         12,737 
 
       4           309,525,582             0             76,462         17,663 
 
       5           309,560,020             0             32,910         26,777 
 
       6           259,102,673             0           50,502,635       14,399 
 
       7           309,596,553             0             23,154            0 
 
       8           309,587,735             0             17,573         14,399 
 
       9           309,610,952             0              8,755            0 
 
      10           309,596,553             0             23,154            0 
 
      11           309,582,882             0             22,426         14,399 
 
      12           308,365,751             0             10,150            0 
 
      13           309,569,873             0             30,150         19,684 
 
      14           309,569,873             0             30,150         19,684 
 
 Extraordinary         For            Discretion         Against        Abstain 
  Resolution                       (voted in favour) 
 
      15           309,567,264             0             32,759         19,684 
 
      16           239,989,373             0           19,116,770     50,513,564 
 
    Special            For            Discretion         Against        Abstain 
  Resolution                       (voted in favour) 
 
      17           309,605,667             0              8,755          5,285 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
The Extraordinary and Special Resolutions were as follows: 
 
Extraordinary Resolution 15 
 
That, in substitution of all existing powers (but in addition to any power 
conferred on them by ordinary resolutions 13 and 14 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 10 and 11 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 2022; 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 16 
 
That, conditional on extraordinary resolution 15 above having been passed, in 
substitution of all existing powers (but in addition to any power conferred on 
them by ordinary resolutions 13 and 14 and in addition to and without prejudice 
to the power granted by extraordinary resolution 15 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 12 and 13 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 2022; 
    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. 
 
Special Resolution 
That Article 24.2 of the Articles of Incorporation be amended as below: 
 
"The Directors (other than any alternate Directors) shall be entitled to 
receive by way of fees for their services as Directors such sum as the Board 
may from time to time determine provided that the aggregate amount of such fees 
(including fees, if any, due to the Directors for attendance at meetings of any 
committee of the Board) for all the Board collectively shall not exceed £ 
225,000 in any financial year in aggregate, or such higher sum as may be 
determined from time to time by Ordinary Resolution of the Company." 
 
 
 
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 
 
 

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October 14, 2021 05:37 ET (09:37 GMT)

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