GCP Asset Backed Income Fund Ltd Result of AGM (9828F)
23 May 2017 - 9:28PM
UK Regulatory
TIDMGABI
RNS Number : 9828F
GCP Asset Backed Income Fund Ltd
23 May 2017
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed Income")
LEI 213800FBBZCQMP73A815
Results of Annual General Meeting 23 May 2017
GCP Asset Backed Income, which invests in asset backed loans, is
pleased to announce that all resolutions put to the annual general
meeting held today, 23 May 2017, were approved by the
shareholders.
1) The details of the proxy votes lodged are set out below:
Resolutions For % Against % Withheld
----------------------------------- ----------- ------- ---------- ------ -----------
1. Ordinary Resolution:
THAT the report of the
directors and the audited
report and financial statements
of the Company for the
period 7 September 2015
to 31 December 2016 be
adopted. 89,438,764 100% 0 0% 0
----------------------------------- ----------- ------- ---------- ------ -----------
2. Ordinary Resolution:
THAT the Directors' remuneration
report for the period ended
31 December 2016 be approved. 89,434,014 99.99% 4,750 0.01% 0
----------------------------------- ----------- ------- ---------- ------ -----------
3. Ordinary Resolution:
THAT Mr Alex Ohlsson be
re-elected as a director
of the Company. 87,042,712 98.31% 1,498,936 1.69% 879,116
----------------------------------- ----------- ------- ---------- ------ -----------
4. Ordinary Resolution:
THAT the Company's dividend
policy to continue to pay
quarterly interim dividends
per financial period, which
in the financial period
to 31 December 2016 have
totalled 5.82 pence per
ordinary share, with the
objective of regular, growing
distributions over the
long term be approved. 89,438,764 100% 0 0% 0
----------------------------------- ----------- ------- ---------- ------ -----------
5. Ordinary Resolution:
THAT PwC be appointed as
auditors of the Company
to hold office from the
conclusion of the Annual
General Meeting to the
conclusion of the next
Annual General Meeting
at which the audited annual
report and financial statements
are laid before the Company. 73,464,184 97.41% 1,955,406 2.59% 14,019,174
----------------------------------- ----------- ------- ---------- ------ -----------
6. Ordinary Resolution:
THAT the Audit Committee
be authorised to determine
the remuneration of PwC. 89,438,764 100% 0 0% 0
----------------------------------- ----------- ------- ---------- ------ -----------
7. Ordinary Resolution:
THAT the Company may hold
any of the ordinary share
of no par value in the
capital of the Company
purchased pursuant to the
authority conferred by
resolution 9 as treasury
shares and the directors
may, at their discretion,
cancel, sell or transfer
such treasury shares in
accordance with Article
58A of the Companies (Jersey)
Law 1991. 89,438,764 100% 0 0% 0
----------------------------------- ----------- ------- ---------- ------ -----------
8. Ordinary Resolution:
THAT the Directors be and
are hereby authorised,
in accordance with article
117 of the Company's articles
of association, to offer
holders of ordinary shares,
to the extent and in the
manner determined by the
Directors the right to
elect (in whole or in part)
to receive ordinary shares,
credited as being fully
paid, instead of cash,
in respect of any dividends
as may be declared by the
Directors from time to
time, provided that the
authority conferred by
this resolution shall expire
at the conclusion of the
Annual General Meeting
of the Company to be held
in 2020. 89,438,764 100% 0 0% 0
----------------------------------- ----------- ------- ---------- ------ -----------
9. Special Resolution:
THAT the Company be generally
and unconditionally authorised
to make market purchases
of up to 24,675,351 ordinary
shares of no par value
in the capital of the Company
in accordance with the
articles of association
of the Company on such
terms as the Directors
think fit. 89,438,764 100% 0 0% 0
----------------------------------- ----------- ------- ---------- ------ -----------
10. Special: Resolution:
THAT the Company's articles
of association be amended
by the deletion of ", within
three Business Days after
the Calculation Date,"
in article 14.8.2(b). 89,364,511 100% 0 0% 74,253
----------------------------------- ----------- ------- ---------- ------ -----------
The full text of the resolutions may be found in the notice of
the Annual General Meeting, copies of which are available on both
the Company's website
https://www.gcpuk.com/gcp-asset-backed-income-fund-ltd and on the
National Storage Mechanism www.hemscott.com/nsm.do.
2) A copy of the special resolutions passed at the Annual
General Meeting, have been submitted to the National Storage
Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.do.
For further information please contact:
Gravis Capital Management Limited +44 (0)20 7518 1490
David Conlon david.conlon@gcpuk.com
Philip Kent philip.kent@gcpuk.com
Dion Di Miceli dion.dimiceli@gcpuk.com
Cenkos Securities plc +44 (0)20 7397 8900
Tom Scrivens tscrivens@cenkos.com
Oliver Packard opackard@cenkos.com
Sapna Shah sshah@cenkos.com
Buchanan +44 (0)20 7466 5000
Charles Ryland charlesr@buchanan.uk.com
Victoria Hayns victoriah@buchanan.uk.com
Capita Financial Administrators (Jersey) Limited +44 (0)1534 847000
Clare McIntosh clare.mcintosh@capita.je
Sophie Botterill sophie.botterill@capita.je
Notes to Editors
The Company
GCP Asset Backed Income is a closed ended investment company
traded on the Main Market of the London Stock Exchange. Its
investment objective is to generate attractive risk-adjusted
returns primarily through regular, growing distributions and modest
capital appreciation over the long term.
The Company seeks to meet its investment objective by making
investments in a diversified portfolio of predominantly UK based
asset backed loans which have contracted, predictable medium to
long term cash flows and/or physical assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGSEIFFDFWSEEI
(END) Dow Jones Newswires
May 23, 2017 07:28 ET (11:28 GMT)
Gcp Asset Backed Income (LSE:GABI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gcp Asset Backed Income (LSE:GABI)
Historical Stock Chart
From Apr 2023 to Apr 2024