GCP Asset Backed Income Fund Ltd Results of Annual General Meeting (8727Y)
17 May 2021 - 11:13PM
UK Regulatory
TIDMGABI TIDMGABC
RNS Number : 8727Y
GCP Asset Backed Income Fund Ltd
17 May 2021
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed")
LEI 213800FBBZCQMP73A815
Results of Annual General Meeting
GCP Asset Backed, which invests in asset backed loans, is
pleased to announce that all resolutions put to the Annual General
Meeting held today, 17 May 2021, at the registered office of the
Company were duly passed by the shareholders.
Total proxy votes of 269,937,189 were noted at the Annual
General Meeting. Details of the proxy votes noted in respect of
each resolution are set out below:
Summary Resolutions(1) For / Discretion(2) % Against % Withheld
1. Ordinary Resolution:
THAT the report of the
directors and the audited
annual report and financial
statements of the Company
for the year ended 31 December
2020 be received and adopted. 269,879,201 99.98% 57,988 0.02% 0
-------------------- ------- ----------- ------ ---------
2. Ordinary Resolution:
THAT the Directors' remuneration
report for the year ended
31 December 2020 be approved. 269,868,274 99.98% 61,683 0.02% 7,232
-------------------- ------- ----------- ------ ---------
3. Ordinary Resolution:
THAT Alex Ohlsson be re-elected
as a Director of the Company. 259,181,691 96.02% 10,749,266 3.98% 6,232
-------------------- ------- ----------- ------ ---------
4. Ordinary Resolution:
THAT Joanna Dentskevich
be re-elected as a Director
of the Company. 269,863,546 99.98% 67,411 0.02% 6,232
-------------------- ------- ----------- ------ ---------
5. Ordinary Resolution:
THAT Colin Huelin be re-elected
as a Director of the Company. 269,863,546 99.98% 67,411 0.02% 6,232
-------------------- ------- ----------- ------ ---------
6. Ordinary Resolution:
THAT Marykay Fuller to
be re-elected as a director
of the Company. 269,872,969 99.98% 57,988 0.02% 6,232
-------------------- ------- ----------- ------ ---------
7. Ordinary Resolution:
THAT the Company's dividend
policy be approved. 269,879,201 99.98% 57,988 0.02% 0
-------------------- ------- ----------- ------ ---------
8. Ordinary Resolution:
THAT PwC be re-appointed
as auditors of the Company. 252,446,415 93.52% 17,490,774 6.48% 0
-------------------- ------- ----------- ------ ---------
9. Ordinary Resolution:
THAT the Audit Committee
be authorised to determine
the remuneration of PwC. 269,871,301 99.98% 65,888 0.02% 0
-------------------- ------- ----------- ------ ---------
10. Ordinary Resolution:
THAT the Company be generally
and unconditionally authorised
to hold, cancel, sell or
transfer ordinary shares
purchased pursuant to the
authority granted under
resolution 12 as treasury
shares. 252,448,680 93.52% 17,488,509 6.48% 0
-------------------- ------- ----------- ------ ---------
11. Ordinary Resolution:
THAT the Company adopts
the proposed change to
its investment policy. 269,874,303 99.98% 62,886 0.02% 0
-------------------- ------- ----------- ------ ---------
12. Special Resolution:
THAT the Directors be generally
and unconditionally authorised
to make market purchases
of up to 65,931,044 Ordinary
Shares. 252,454,095 93.52% 17,483,094 6.48% 0
-------------------- ------- ----------- ------ ---------
13. Special Resolution:
THAT the Directors be authorised
to allot and issue up to
44,203,351 Ordinary Shares
as if any pre-emption rights
conferred by the Artciles
did not apply. 267,337,367 99.04% 2,599,822 0.96% 0
-------------------- ------- ----------- ------ ---------
1. The full text of the resolutions may be found in the notice
of the Annual General Meeting, a copy of which is available on both
the Company's website
https://www.graviscapital.com/funds/gcp-asset-backed/literature and
on the National Storage Mechanism
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
2. Any proxy appointments which gave discretion to the Chair or
a third party were voted for the resolution.
In accordance with Listing Rule 9.6.2, the full text of the
special resolutions passed at the Annual General Meeting has been
submitted to the National Storage Mechanism and will shortly be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information please contact:
Gravis Capital Management Ltd +44 (0)20 3405 8500
David Conlon
Joanna Fisk
Investec Bank plc +44 (0)20 7597 4000
Helen Goldsmith
Denis Flanagan
Neil Brierley
Buchanan/Quill +44 (0)20 7466 5000
Helen Tarbet
Sarah Gibbons-Cook
Henry Wilson
Notes to Editors
The Company
GCP Asset Backed 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.
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