Fidelity China Special Situations Plc - AGM Statement
20 Julho 2023 - 11:46AM
PR Newswire (US)
Fidelity
China Special Situations PLC
Results
of Annual General Meeting
At the
Company's Annual General Meeting held on 20
July 2023, all resolutions were duly passed. The resolutions
passed as special business were as follows:
- to renew
the Directors' authority to allot a limited number of currently
unissued ordinary shares (or sell any ordinary shares which the
Company holds in Treasury) for cash;
- to issue
such shares (including Treasury shares) without first offering them
to existing ordinary shareholders pro-rata to their existing
holdings; and
- the
Company's authority to purchase up to 72,429,600 of its own
ordinary shares for immediate cancellation or for retention as
Treasury shares at the determination of the
Board.
This
represents approximately 14.99% of the number of ordinary shares in
issue on 7 June 2023.
Resolution
7, the re-election of Mr Gordon Orr
as a Director of the Company, received less than 80% of the votes
cast in favour. The Board understands that the votes against the
resolution are predominantly in respect of a large shareholder's
view on overboarding. The Board has consulted with the large
shareholder who voted against the resolution and who subsequently
sought to change their vote. Unfortunately, this could not be
processed before the Annual General Meeting. The
Board will take steps to address the issue.
Voting
results will shortly be available online at
www.fidelity.co.uk/china
Contact
for queries:
Name: Smita
Amin, FIL Investments International, Company
Secretary
Telephone:
01737 836347
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