ICG-Longbow Snr Sec UK Prop DebtInv Results of Extraordinary General Meeting (7628L)
January 14 2021 - 10:45AM
UK Regulatory
TIDMLBOW
RNS Number : 7628L
ICG-Longbow Snr Sec UK Prop DebtInv
14 January 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE
REPUBLIC OF SOUTH AFRICA OR JAPAN.
14 January 2021
ICG-Longbow Senior Secured UK Property Debt Investments Limited
(the "Company")
Results of Extraordinary General Meeting
The Company is pleased to announce that at the Extraordinary
General Meeting held today, 14 January 2021, the ordinary
resolution as detailed below , was passed by shareholders on a poll
and a summary of the results will be made available on the
Company's website at http://www.lbow.co.uk/ .
In accordance with LR 9.6.18, details of the resolution passed
are as follows:
Ordinary Resolution Votes For (including Votes Against Votes Withheld*
discretionary)
That the New Investment
Objective and Investment
Policy of the Company
as set out in Part
3 of the circular
to Shareholders
dated 16 December
2020 of which this
notice forms part
(the "Circular")
be
adopted as the
investment objective
and investment
policy of the Company
with immediate
effect and the
Current Investment
Objective and Investment
Policy be and is
hereby replaced. 64,946,482 76.20% 20,279,986 23.80% 13,469
*A vote withheld is not a vote in law and is therefore not
counted towards the proportion of votes "for" or "against" the
Resolution.
The Board, however, notes the votes against the ordinary
resolution, which equated to 23.80% of the total shares voted by
proxy. The Board, through the Chairman, investment manager (ICG
Alternative Investment Limited) and broker (Cenkos Securities plc),
has been in continuous dialogue with major shareholders, including
the significant dissenting shareholder whose votes represented
nearly all of the dissenting vote against the ordinary resolution.
The Board was aware of the dissenting shareholder's views prior to
the publication of the circular convening the Extraordinary General
Meeting, but with other shareholder feedback indicating
overwhelming support for the ordinary resolution, as subsequently
demonstrated by the 76.20% vote in favour of the total shares
voted, took the decision to proceed with publication of the
circular to put the ordinary resolution to shareholder vote. The
dissenting shareholder wanted the Company to continue with its then
current investment objective and investment policy and to be
managed by the existing investment manager. The Board will continue
to engage with shareholders following the introduction of the
Company's new investment objective and investment policy and
strategy which are now effective.
The full text of the Ordinary Resolution is set out in the
Notice of Extraordinary General Meeting dated 16 December 2020.
In accordance with Listing Rule 9.6.2, the full text of the
resolution passed has been submitted to the National Storage
Mechanism together with the Notice of Extraordinary General Meeting
and is available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
For further information, please contact:
Ocorian Administration (Guernsey)
Limited:
+44 (0)14 8174
Anna Storey 2742
Cenkos Securities plc:
+44 (0)20 7397
Will Rogers 1920
Maitland Consultancy Limited:
+44 (0)20 7379
5151
Sam Turvey
+44 (0)20 3201
ICG Longbow: 7502
Martin Wheeler +44 (0)20 3201
David Mortimer 7532
Further information on the Company can be found on its website
at http://www.lbow.co.uk/
ICG Longbow LEI: 2138008BKBH3OP2CA764
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