Ruffer Investment Co Result of AGM

 
TIDMRICA 
 
RUFFER INVESTMENT COMPANY LIMITED 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 41996) 
                        LEI Number 21380068AHZKY7MKN047 
                                (the "Company") 
 
                                1 December 2017 
 
                       RESULTS OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting ("AGM") of the Company held on 1 December 2017, 
all resolutions set out in the AGM Notice sent to shareholders on 29 September 
2017 were duly passed. 
 
Details of the proxy voting results which should be read alongside the Notice 
sent to shareholders 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 
Resolution 
 
1                  37,917,766        77,106            1,200 
 
2                  37,994,872        0                 1,200 
 
3                  37,988,958        5,914             1,200 
 
4                  37,989,958        4,914             1,200 
 
5                  37,987,533        7,339             1,200 
 
6                  37,947,533        22,339            26,200 
 
7                  37,971,533        8,339             16,200 
 
8                  37,945,469        24,403            26,200 
 
9                  37,952,192        42,680            1,200 
 
10                 37,992,447        2,425             1,200 
 
Special Resolution For               Against           Withheld 
 
1                  37,987,533        7,339             1,200 
 
2                  37,985,330        9,542             1,200 
 
3                  35,765,407        2,226,562         4,103 
 
Special Resolution 1 
 
To consider and approve that the Company, be and is hereby generally and 
unconditionally authorised in accordance with The Companies (Guernsey) Law, 
2008, as amended, (the "Law") to make market acquisitions as defined in that 
Law of its Unclassified Shares of 0.01p each ("Shares"), provided that:- 
 
i)              the maximum number of Shares hereby authorised to be acquired 
by the Company shall be no more than 14.99% of the Company's issued share 
capital at the date of this resolution; 
 
ii)             the minimum price (exclusive of expenses) which may be paid for 
a Share is 0.01p, being the nominal value per share; 
 
iii)           the maximum price (exclusive of expenses) which may be paid for 
a Share is an amount equal to the higher of 105 per cent of the average of the 
middle market quotations for a Share taken from the London Stock Exchange Daily 
Official List for the 5 business days immediately preceding the day on which 
the Share is acquired and (ii) the price stipulated in Article 5(i) of the 
Buy-back and Stabilisation Regulation (No 2237 of 2003); 
 
iv)            acquisitions may only be made pursuant to this authority if the 
Shares are (at the date of the proposed acquisition) trading on the London 
Stock Exchange at a discount to the lower of the undiluted or diluted Net Asset 
Value; 
 
v)             the authority hereby conferred shall expire at the conclusion of 
the Annual General Meeting of the Company in 2018 or, if earlier, on the expiry 
of 15 months from the passing of this resolution, unless such authority is 
renewed prior to such time; and 
 
vi)            the Company may make a contract to acquire Shares under the 
authority hereby conferred prior to the expiry of such authority which will or 
may be executed wholly or partly after the expiration of such authority and may 
make an acquisition of Shares pursuant to any such contract. 
 
Special Resolution 2 
 
That the Board be and is hereby empowered under the Articles of Incorporation 
(the "Articles") to allot 16,796,341 equity securities (as defined in the 
Articles) being 10% of the equity securities in issue as at the latest 
practicable date prior to the date of this notice, excluding shares held in 
treasury for cash and pursuant to Article 7(2)(g) of the Articles. The right of 
Shareholders to receive a pre-emptive offer pursuant to Article 7(2)(b) of the 
Articles shall hereby be excluded in respect of the equity securities the Board 
is empowered to allot pursuant to this resolution, provided that this power 
shall expire (unless previously renewed, varied or revoked by the Company in 
general meeting) immediately prior to the Annual General Meeting of the Company 
to be held in 2018. 
 
Special Resolution 3 
 
That the New Articles of Incorporation produced to the Annual General Meeting 
and signed by the Chairman of the Annual General Meeting for the purposes of 
identification be adopted as the articles of incorporation of the company in 
substitution for the Existing Articles of Incorporation 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 
Fax:      01481 745075 
 
END 
 
 
 
 
END
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