Damille Investments II Limited Result of AGM (5791F)

TIDMDIL2

RNS Number : 5791F

Damille Investments II Limited

18 May 2017

DAMILLE INVESTMENTS II LIMITED (LSE:DIL2) (the "Company")

18 May, 2017

RESULTS OF ANNUAL GENERAL MEETING

In accordance with the provisions of E.2.2 of The UK Corporate Governance Code, the Company advises that for the Annual General Meeting held on 18 May, 2017 valid proxy appointments were made in respect of 16,995,673 ordinary shares of no par value ("Ordinary Shares") of the Company in issue, being 77.62% of the total Ordinary Shares of the Company in issue, and voting was as follows:

IT WAS RESOLVED to receive the annual financial report of the Company for the year ended 30 November, 2016. (14,204,435 votes cast in favour, 2,791,238 against and none withheld.)

IT WAS RESOLVED to re-appoint Grant Thornton Limited as auditor of the Company, to hold office from the conclusion of this meeting until the conclusion of the next annual general meeting to be held in 2018. (16,995,673 votes cast, all in favour and none withheld.)

IT WAS RESOLVED to authorise the directors to determine the auditor's remuneration. (16,995,673 votes cast, all in favour and none withheld.)

IT WAS RESOLVED that the Company be authorised, in accordance with Section 315(1)(a) of the Law, to make market acquisitions (within the meaning of section 316 of the Law) of Shares, and to cancel such Shares or hold such Shares as treasury shares, provided that:

i. the maximum number of Shares hereby authorised to be purchased shall be 3,782,231 Shares or such number of Shares as shall represent 14.99% of the Shares in issue as at the date of the AGM, whichever is the less (in either case excluding Shares held in treasury and rounded down to the nearest whole number);

ii. purchases by the Company may only be made in the market at prices below the estimated prevailing NAV per Share and where the directors believe such purchases will be accretive to the NAV per Share of the remaining Shares in issue, with the minimum price to be paid for a share being GBP0.01;

iii. the maximum price which may be paid for a Share shall not be more than 5 per cent. above the average of the middle market quotations for the Shares for the five Business Days before the purchase is made, provided that the Company may not acquire Shares at a price higher than the last independent trade or the highest independent bid for the shares; and

iv. unless previously varied, revoked or renewed, the authority hereby conferred shall expire on the earlier of 31 December, 2018 and the conclusion of the next annual general meeting of the Company, save that the Company may, prior to such expiry, enter into a contract to purchase Shares under such authority and make a purchase of Shares pursuant to such contract.

(16,995,673 votes cast, all in favour and none withheld.)

The number of Shares which may be repurchased per part (i.) of resolution 4 above is 3,282,334 Shares.

For further information contact:

   Administrative Enquiries:                                    Shareholder Enquiries: 
   JTC Fund Solutions (Guernsey) Limited               Nimrod Capital LLP 
   Tel: +44 (0) 1481 702 400                                  Tel: +44 (0) 20 7382 4565

info@nimrodcapital.com

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May 18, 2017 09:44 ET (13:44 GMT)

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