TIDMSEQI
RNS Number : 0764Y
Sequoia Economic Infra Inc Fd Ld
16 August 2018
16 August 2018
Sequoia Economic Infrastructure Income Fund Limited
("SEQI" or the "Company")
Result of Annual General Meeting
The board of SEQI, the specialist investor in economic
infrastructure debt, is pleased to announce that, at the Annual
General Meeting of the Company held earlier today, all of the
proposed resolutions were approved by shareholders on a poll.
The number of Shares voted in person or by proxy on the
resolutions, each of which was proposed as an ordinary resolution,
was as follows.
1. THAT the Financial Statements of the Company for the year
ended 31 March 2018 with the Report of the Directors and Auditors
thereon be received and adopted.
541,116,803 votes were in favour of the resolution (100.00% of
votes cast) and 8,000 votes were against (0.00% of votes cast).
20,098,422 votes were withheld.
2. THAT the Directors' Remuneration Report for the year ended 31
March 2018 be approved.
521,468,480 votes were in favour of the resolution (99.98% of
votes cast) and 91,730 votes were against (0.02% of votes cast).
39,663,013 votes were withheld.
3. THAT Jonathan Bridel be re-elected as a Director of the Company.
519,895,739 votes were in favour of the resolution (96.08% of
votes cast) and 21,226,973 votes were against (3.92% of votes
cast). 20,100,512 votes were withheld.
4. THAT Jan Pethick be re-elected as a Director of the Company.
541,114,713 votes were in favour of the resolution (100.00% of
votes cast) and 8,000 votes were against (0.00% of votes cast).
20,100,512 votes were withheld.
5. THAT Robert Jennings be re-elected as a Director of the Company.
541,068,881 votes were in favour of the resolution (99.99% of
votes cast) and 53,831 votes were against (0.01% of votes cast).
20,100,512 votes were withheld.
6. THAT Sandra Platts be re-elected as a Director of the Company.
541,114,713 votes were in favour of the resolution (100.00% of
votes cast) and 8,000 votes were against (0.00% of votes cast).
20,100,512 votes were withheld.
7. THAT KPMG Channel Islands Limited be re-appointed as Auditors
of the Company for the year ended 31 March 2019.
521,581,926 votes were in favour of the resolution (100.00% of
votes cast) and 9,000 votes were against (0.00% of votes cast).
39,632,298 votes were withheld.
8. THAT the Directors be authorised to fix the remuneration of
the Auditors for their next period of office.
541,116,803 votes were in favour of the resolution (100.00% of
votes cast) and 8,000 votes were against (0.00% of votes cast).
20,098,422 votes were withheld.
9. THAT the Company's dividend policy, set out in the prospectus
published by the Company on 3 May 2017, be approved.
541,116,803 votes were in favour of the resolution (100.00% of
votes cast) and 8,000 votes were against (0.00% of votes cast).
20,098,422 votes were withheld.
10. THAT the Company continues its business as a closed-ended investment company.
561,212,225 votes were in favour of the resolution (100.00% of
votes cast) and 8,000 votes were against (0.00% of votes cast).
3,000 votes were withheld.
11. THAT the limit in the aggregate remuneration payable to the
directors for their services be increased from GBP250,000 to
GBP350,000 per annum.
531,923,662 votes were in favour of the resolution (94.78% of
votes cast) and 29,286,046 votes were against (5.22% of votes
cast). 11,979 votes were withheld.
12. THAT the changes to the Investment Advisory fee basis, as
set out in the explanatory notes to the Notice of AGM be
approved.
462,620,017 votes were in favour of the resolution (82.43% of
votes cast) and 98,600,207 votes were against (17.57% of votes
cast). 3,000 votes were withheld.
The following were proposed as special resolutions:
13. THAT the Company be and is hereby generally authorised, for
the purposes of the Companies (Guernsey) Law, 2008, as amended (the
"Law") to make market purchases (as identified in the Law) of its
Ordinary Shares in issue.
541,116,803 votes were in favour of the resolution (100.00% of
votes cast) and 8,000 (0.00% of votes cast) were against.
20,098,422 votes were withheld.
14. THAT in substitution for all existing authorities to
disapply pre-emptions rights the Directors be and are hereby
authorised to allot and issue equity securities.
549,563,130 votes were in favour of the resolution (97.92% of
votes cast) and 11,660,095 votes were against (2.08% of votes
cast). No votes were withheld.
For further information please contact:
Sequoia Investment Management Company
Steve Cook
Dolf Kohnhorst
Randall Sandstrom
Greg Taylor +44 (0)20 7079 0480
Stifel Nicolaus Europe Limited
Neil Winward
Mark Bloomfield
Gaudi Le Roux +44 (0)20 7710 7600
Tulchan Communications (Financial
PR)
James Macey White
Martin Pengelley
Elizabeth Snow +44 (0)20 7353 4200
Praxis Fund Services Limited (Company
Secretary)
Matt Falla +44 (0) 1481 755530
About Sequoia Economic Infrastructure Income Fund Limited
The Company seeks to provide investors with regular, sustained,
long-term distributions and capital appreciation from a diversified
portfolio of senior and subordinated economic infrastructure debt
investments. The Company is advised by Sequoia Investment
Management Company Limited.
LEI: 2138006OW12FQHJ6PX91
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END
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