SVI Svg Cap.

TIDMSVI

RNS Number : 9805B

SVG Capital PLC

07 April 2017

The following amendment has been made to the 'Results of Annual General Meeting' announcement released on 30 March 2017 at 1430 under RNS No 0358B:

The votes against resolution 3 have been corrected from 4,351,409,718 to 4,351,409.

All other details remain unchanged.

The full amended text is shown below.

REPLACEMENT SVG Capital plc ("SVG Capital" or the "Company") - RESULTS OF ANNUAL GENERAL MEETING

SVG Capital is pleased to announce that at its Annual General Meeting all resolutions passed with a clear majority of shareholders voting in favour of all resolutions.

The Board is mindful of those shareholders that cast their vote against the remuneration report. Given the unusual and very specific situation that the Company has been in since last September, the Remuneration Committee considered a number of factors when exercising its discretion. In particular, the Committee took account of the additional GBP100 million of shareholder value generated by the management team in its response to the takeover bid and through the subsequent sale of the investment portfolio and proposed wind-up of the Company.

All of the resolutions were passed by show of hands. The proxy voting figures for these Resolutions were as follows:

 
 Resolution                      For / discretionary*   Against (number          Votes withheld***   Total votes 
                                  (number / % / no.      / % / no. of cards)**    (number             cast / % 
                                  of cards)**                                     / no. of            of total 
                                                                                  cards)              voting rights 
              Annual Report      37,639,306 / 100%      1,122 / 0.00%            201,717             37,842,618 
 1.            and Accounts       / 157                  / 1                      / 1                 / 57.82% 
              Remuneration       27,165,193 / 71.78%    10,676,952 / 28.21%                          37,842,618 
 2.            Report             / 99                   / 73                    0 / 0                / 57.82% 
              Re-election 
               of Andrew         33,490,736 / 88.50%    4,351,409 / 11.50%                           37,842,618 
 3.            Sykes              / 140                  / 25                    0 / 0                / 57.82% 
              Re-election        37,781,427 / 99.84%    60,718 / 0.16%                               37,842,618 
 4.            of Lynn Fordham    / 155                  / 5                     0 / 0                / 57.82% 
              Re-election 
               of Stephen        33,181,202 / 87.68%    4,660,942 / 12.32%                           37,842,618 
 5.            Duckett            / 143                  / 26                    0 / 0                / 57.82% 
              Re-election 
               of David          33,174,104/ 87.66%     4,668,040 / 12.34%                           37,842,618 
 6.            Robins             / 143                  / 27                    0 / 0                / 57.82% 
              Re-election 
               of Helen          33,049,336 / 87.33%    4,792,808 / 12.67%                           37,842,618 
 7.            Mahy               / 142                  / 28                    0 / 0                / 57.82% 
              Re-appointment 
               of Ernst 
               & Young LLP       36,127,136 / 97.44%/   946,788 / 2.55%/         768,220             37,842,618 
 8.            as auditors        144                    20                       / 7                 / 57.82% 
              Authority 
               for Directors 
               to determine 
               Auditor's         36,924,420 / 97.57%    917,373 / 2.42%/                             37,842,618 
 9.            remuneration       / 149                  18                      351 / 1              / 57.82% 
              Holding general 
               meetings 
               on not less 
               than 14 clear     36,717,823 / 97.03%/   1,123,200 / 2.97%                            37,842,618 
 10.           days' notice       145                    / 21                    0 / 0                / 57.82% 
 

* Proxy votes granted to the chairman of the meeting at his discretion are counted as votes "for" the Resolutions

** Percentages are expressed as a proportion of the total votes cast (excluding withheld votes). Number of cards includes proxy cards submitted for poll vote

*** A vote withheld is not a vote in law and is not counted in the calculation of the votes cast "for" or "against" a Resolution but is included in Total Votes Cast column

The full text of the resolutions passed is contained in the Notice of General meeting which has been submitted to the National Storage Mechanism and is available for inspection at: www.hemscott.com/nsm.do In accordance with the Listing Rules, copies of the relevant Resolutions passed will shortly be submitted to the National Storage Mechanism and will be available for inspection at: www.hemscott.com/nsm.do. For further information please contact:

 
SVG Capital      020 3457 0000 
Stuart Ballard 
 Alice Kain 
 
 
 
  Maitland         020 7379 5151 
Neil Bennett 
 Tom Eckersley 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 07, 2017 12:00 ET (16:00 GMT)

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