DP Aircraft I Limited Result of AGM (6977S)
10 July 2020 - 9:58PM
UK Regulatory
TIDMDPA
RNS Number : 6977S
DP Aircraft I Limited
10 July 2020
D P AIRCRAFT I LIMITED ('the Company')
RESULTS OF ANNUAL GENERAL MEETING ('AGM')
The Board of the Company is pleased to announce that all of the resolutions
put to shareholders at the AGM held on 10 July 2020 were passed. The
details of each such resolution are as follows:
1. THAT the Annual Report and Audited Consolidated Financial
ORDINARY Statements of the Company for the year ended 31 December
RESOLUTION 2019 together with the Reports of the Directors and Auditors
thereon be received and adopted.
99.43% Those in favour of the resolution 130,961,701
0.57% Those against the resolution 750,000
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Those withheld and not counted 0
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IT WAS RESOLVED THAT Resolution 1 be and is hereby passed.
2. THAT Jonathan Bridel be and is hereby re-elected as a
ORDINARY director of the Company. 99.99% Those in favour of the resolution 131,699,992
RESOLUTION 0.01% Those against the resolution 11,709
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Those withheld and not counted 0
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IT WAS RESOLVED THAT Resolution 2 be and is hereby passed.
3. THAT Harald Brauns be and is hereby elected as a director
ORDINARY of the Company. 99.99% Those in favour of the resolution 131,704,043
RESOLUTION 0.01% Those against the resolution 7,658
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Those withheld and not counted 0
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IT WAS RESOLVED THAT Resolution 3 be and is hereby passed.
4. THAT the appointment of KPMG Chartered Accountants, Statutory
ORDINARY Audit Firm as Auditors of the Company for the year ending
RESOLUTION 31 December 2020 be and is hereby approved and that the
Directors be authorised to fix their remuneration.
99.33% Those in favour of the resolution 113,149,676
0.67% Those against the resolution 757,658
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Those withheld and not counted 17,804,367
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IT WAS RESOLVED THAT Resolution 4 be and is hereby passed.
5. TO approve the Directors' remuneration report as set out
ORDINARY in the 2019 Annual Report (excluding the Directors' Remuneration
RESOLUTION Policy), including the proposed annual remuneration of
each Director, proposed to take effect from 1 April 2020,
for routine business of the Company.
87.15% Those in favour of the resolution 114,788,292
12.85% Those against the resolution 16,923,409
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Those withheld and not counted 0
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IT WAS RESOLVED THAT Resolution 5 be and is hereby passed.
6. TO approve the Directors' Remuneration Policy for the
ORDINARY year ending 31 December 2020 as set out on page 28 of
RESOLUTION the 2019 Annual Report.
99.43% Those in favour of the resolution 130,955,292
0.57% Those against the resolution 756,409
---------------------------------- ------------
Those withheld and not counted 0
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IT WAS RESOLVED THAT Resolution 6 be and is hereby passed.
7. TO approve the dividend policy of the Company as set out
ORDINARY on page 3 of the 2019 Annual Report.
RESOLUTION 100% Those in favour of the resolution 131,711,701
Those against the resolution 0
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Those withheld and not counted 0
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IT WAS RESOLVED THAT R esolution 7 be and is hereby passed.
8. THAT the Directors be and are hereby authorised to allot
ORDINARY and issue (or sell out of treasury) ordinary shares of
RESOLUTION no par value in the Company ("Ordinary Shares") up to
an aggregate amount not exceeding 10 per cent. of the
Ordinary Shares in issue immediately following the passing
of this resolution at a price which is less than the net
asset value per Ordinary Share as at the latest practicable
date before the allotment of such Ordinary Shares. This
authority shall expire on the date falling 15 months after
the date of passing this resolution or the conclusion
of the next annual general meeting of the Company whichever
is the earlier (save that the Company may at any time
before such expiry make an offer or agreement which might
require Ordinary Shares to be allotted or issued after
such expiry and the Directors may allot and issue Ordinary
Shares after such expiry in pursuance of such offer or
agreement as if the authority conferred hereby had not
expired). 90.13% Those in favour of the resolution 114,402,423
9.87% Those against the resolution 12,523,022
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Those withheld and not counted 4,786,256
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IT WAS RESOLVED THAT Resolution 8 be and is hereby passed.
9. THAT subject to the passing of Resolution 8 above and
ORDINARY in addition to the authority granted thereby, the Directors
RESOLUTION be and are hereby authorised to allot and issue (or sell
out of treasury) a further 10 per cent. of the Ordinary
Shares in issue immediately following the passing of this
resolution at a price which is less than the net asset
value per Ordinary Share as at the latest practicable
date before the allotment of such Ordinary Shares. This
authority shall expire on the date falling 15 months after
the date of passing this resolution or the conclusion
of the next annual general meeting of the Company whichever
is earlier (save that the Company may at any time before
such expiry make an offer or agreement which might require
Ordinary Shares to be allotted or issued after such expiry
and the Directors may allot and issue Ordinary Shares
after such expiry in pursuance of such offer or agreement
as if the authority conferred hereby had not expired). 76.1% Those in favour of the resolution 96,598,056
23.9% Those against the resolution 30,327,389
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Those withheld and not counted 4,786,256
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IT WAS RESOLVED THAT Resolution 9 be and is hereby passed.
The Board notes that votes representing 23.9% of total votes
cast were received against resolution 9.
The Company is expected to have sufficient liquidity to manage
its affairs over the coming months, however the Board wishes to
keep all options open regarding ongoing liquidity management as a
matter of prudence.
The Company will seek to engage with the relevant shareholders
who voted against resolution 9 in order to understand further the
reasons for their votes and address their concerns.
For further information please contact:
Aztec Financial Services (Guernsey) Limited, Company
Secretary
Kellie Blondel / Laura Dunning
+44 1481 748 866
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END
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