BH Global Limited Result of Annual General Meeting
27 June 2017 - 1:48AM
UK Regulatory
TIDMBHGG TIDMBHGU
BH Global Limited (the "Company")
(a closed-ended collective investment scheme established as a company with
limited liability under the laws of Guernsey with registered number 48555)
RESULT OF ANNUAL GENERAL MEETING ("AGM")
26 June 2017
The Board of BH Global Limited is pleased to announce that at the AGM held on
26 June 2017, all twelve resolutions as set out in the Notice dated 26 May 2017
were duly passed by way of a show of hands.
The proxy votes received on each resolution proposed at the AGM were as
follows. A vote withheld is not a vote in law and has not been counted in the
votes for and against a resolution.
Ordinary Resolutions For Against Vote
Withheld
1. That the Annual Audited Financial Statements of 12,668,377 0 0
the Company for the period ended 31 December
2016, together with the Reports of the
Directors and the Auditors thereon, be received
and considered.
2. That KPMG Channel Islands Limited be 12,668,377 0 0
re-appointed as Auditors until the conclusion
of the next annual general meeting.
3. That the Board of Directors be authorised to 12,668,377 0 0
determine the remuneration of the Auditors.
4. That Sir Michael Bunbury be re-elected as a 12,668,377 0 0
Director.
5. That John Hallam be re-elected as a Director. 12,658,309 10,068 0
6. That Graham Harrison be re-elected as a 12,668,377 0 0
Director.
7. That Nicholas Moss be re-elected as a Director. 12,668,377 0 0
8. That Julia Chapman be elected as a Director. 12,668,377 0 0
9. That the Directors' Remuneration Report 12,668,377 0 0
contained in the Annual Audited Financial
Statements of the Company for the period ended
31 December 2016 be approved.
10. That the Directors be generally and 12,504,908 163,469 0
unconditionally authorised to allot and issue,
grant rights to subscribe for, or to convert
securities into, up to 1,205,807 shares
designated as US Dollar shares and 7,388,773
shares designated as Sterling shares
respectively (being 33.33 per cent. of the
Company's shares of each class in issue as at
the latest practicable date prior to the date
of publication of this document (excluding
shares held in treasury) for the period
expiring on the date falling fifteen months
after the date of passing of this Resolution 10
or the conclusion of the next annual general
meeting of the Company, whichever is the
earlier, save that the Company may before such
expiry make an offer or agreement which would
or might require shares to be allotted and
issued after such expiry and the Directors may
allot and issue shares in pursuance of such an
offer or agreement as if the authority had not
expired.
Special Resolutions For Against Vote
Withheld
11. That the Company be and is hereby generally and 12,668,377 0 0
unconditionally authorised in accordance with
the Companies (Guernsey) Law, 2008, as amended
(the "Companies Law"), to make market
acquisitions (as defined in the Companies Law)
of each class of its shares (either for the
retention as treasury shares for resale or
transfer, or cancellation), PROVIDED THAT:
a. the maximum number of shares authorised to
be purchased shall be 542,305 shares designated
as US Dollar shares and 3,323,063 shares
designated as Sterling shares (being 14.99 per
cent. of the shares of each class in issue as
at the latest practicable date prior to the
date of publication of this document, excluding
shares held in treasury);
b. the minimum price (exclusive of expenses)
which may be paid for a share shall be one cent
for shares designated as US Dollar shares and
one pence for shares designated as Sterling
shares;
c. the maximum price which may be paid for a
share of the relevant class is an amount equal
to the higher of: (a) 105 per cent. of the
average of the middle market quotations for a
share of the relevant class on the relevant
market for the five business days immediately
preceding the date on which the share is
purchased; and (b) the higher of (i) the price
of the last independent trade for a share of
the relevant class and (ii) the highest current
independent bid for a share of the relevant
class at the time of purchase; and
d. the authority hereby conferred shall expire
at the annual general meeting of the Company in
2018 unless such authority is varied, revoked
or renewed prior to such date by a special
resolution of the Company in a general meeting.
12. That, in accordance with Article 6.4 of the 12,504,908 163,469 0
Articles, the Directors be empowered to allot
and issue (or sell from treasury) 361,778
shares designated as US Dollar shares and
2,216,853 shares designated as Sterling shares
(being 10 per cent. of the shares in issue of
each class as at the latest practicable date
prior to the date of this notice, excluding
shares held in treasury) for cash as if Article
6.1 of the Articles did not apply to the
allotment and issue (or sale from treasury) for
the period expiring on the date falling 15
months after the date of passing of this
Resolution 12 or the conclusion of the next
annual general meeting of the Company,
whichever is the earlier, save that the Company
may before such expiry make offers or
agreements which would or might require shares
to be allotted and issued (or sold) after such
expiry and the Directors may allot and issue
(or sell) shares in pursuance of any such offer
or agreement notwithstanding that the power
conferred by this Resolution 12 has expired.
In accordance with Listing Rule 9.6.3, a copy of the Result of AGM has been
submitted to the National Storage Mechanism and will shortly be available for
inspection at: www.morningstar.co.uk/uk/NSM
Company website: www.bhglobal.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Tony Sharpe
Tel: +44 (0) 1481 745001
END
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