TwentyFour Income Fund Limited
(a
closed-ended investment company incorporated in Guernsey with
registration number 56128)
LEI
Number: 549300CCEV00IH2SU369
(The
“Company”)
14 SEPTEMBER
2023
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 15 August 2023
were duly passed.
Details of
the proxy voting results which should be read along side the Notice
are noted below:
Ordinary
Resolution
|
For
|
Percentage
In Favour
|
1
|
435,512,275
|
99.86
|
2
|
409,904,998
|
93.99
|
3
|
435,539,011
|
99.89
|
4
|
435,897,117
|
99.95
|
5
|
435,893,458
|
99.95
|
6
|
435,581,232
|
99.89
|
7
|
435,581,232
|
99.89
|
8
|
435,869,196
|
99.96
|
9
|
435,570,851
|
99.89
|
10
|
435,566,851
|
99.89
|
11
|
432,705,140
|
99.21
|
12
|
435,531,634
|
99.87
|
13
|
435,519,111
|
99.87
|
Extraordinary
Resolution
|
For
|
Percentage
in Favour
|
14
|
434,332,723
|
99.60
|
15
|
408,245,766
|
93.61
|
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 Resolutions were as follows:
Extraordinary
Resolution 14
That, in
substitution of all existing powers (but in addition to any power
conferred on them by ordinary resolutions 12 and 13
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
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 (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 11 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 2024; 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 15
That,
conditional on extraordinary resolution 14 above having been
passed, in substitution of all existing powers (but in addition to
any power conferred on them by ordinary resolutions 12 and 13 and
in addition to and without prejudice to the power granted by
extraordinary resolution 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 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 2024; 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.
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