TIDMCCSL

RNS Number : 5867Z

Chenavari Capital Solutions Limited

15 March 2017

15 MARCH 2017

CHENAVARI CAPITAL SOLUTIONS LIMTED

RESULT OF EXTRAORDINARY GENERAL MEETING

Chenavari Capital Solutions Limited (the Company) announces that, at the extraordinary general meeting held today, the special resolution set out in the notice of meeting was duly passed by shareholders with a majority of 99.95%.

The passing of the resolution means that the Company's articles of incorporation are now changed to allow the compulsory redemption of Shares in connection with the return of unencumbered cash during the Company's realisation period.

The Board will declare on an ad hoc basis such compulsory partial redemptions of Ordinary Shares as it deems, in its absolute discretion, to be appropriate in order to return surplus capital to Shareholders on a timely basis and in a cost efficient manner.

The Company expects to announce details of the first compulsory redemption of Shares on or around 17 March 2017.

Details of the proxy votes lodged are set out below:

 
 Special Resolution                    For       Against   Withheld 
---------------------------------  -----------  --------  --------- 
    1 That the articles 
     of incorporation in 
     the form produced to 
     the meeting and initialled 
     by the Chairman of the 
     meeting for the purposes 
     of identification be 
     and are hereby approved 
     and adopted as the articles 
     of incorporation of 
     the Company in substitution 
     for, and to the exclusion 
     of, the existing articles 
     of incorporation of 
     the Company.                   71,271,566   34,066       0 
---------------------------------  -----------  --------  ---------

Further information in relation to the Company is available at:

http://www.chenavaricapitalsolutions.com/

Enquiries:

Chenavari Investment Managers

Kirstie Sumarno

Email: ccslir@chenavari.com

Telephone: +44 20 7259 3600

Fidante Capital

Robert Peel, Corporate Broking

Email: rpeel@fidante.com

Telephone: +44 20 7832 0983

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 15, 2017 11:00 ET (15:00 GMT)

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