KKV Secured Loan Fund Limited Result of AGM (9271T)
30 November 2021 - 02:56AM
UK Regulatory
TIDMKKVL
RNS Number : 9271T
KKV Secured Loan Fund Limited
29 November 2021
29 November 2021
KKV Secured Loan Fund Limited
LEI: 2138007S3YRY3IUU4W39
Results of AGM
KKV Secured Loan Fund Limited (the "Company") is pleased to
announce that at the Annual General Meeting (the "AGM") held at
11:00 GMT today, the Ordinary Class Meeting held at 11:05 GMT today
and the C Class Meeting at 11:10 GMT today, all of the resolutions
proposed were duly passed.
Further information on the votes cast on each resolution will be
available on the Company's website shortly.
The Board notes the votes against resolution 6 and 7, being
27.47% and 27.05%, respectively, of those voting. The Board
believes that the incentive arrangements will be important for
hiring and retaining employees and consultants for the realisation
of the Company's portfolio while providing a lower cost solution
than alternative options. Considerable work remains to complete the
realisation programme and the incentive arrangements are designed
to align the interests of the Board, employees and consultants with
the interests of shareholders and ensure that those involved in the
wind-down are remunerated for the work undertaken. The Board is
pleased that the majority of shareholders supported the proposals,
however, it will seek to engage with those shareholders that voted
against resolutions 6 and 7 to understand their concerns and will
provide a further update in due course.
For further information please contact:
KKV Secured Loan Fund Limited via the Company Secretary
Brett Miller
BNP Paribas Securities Services S.C.A., Guernsey
Branch
Company Secretary 01481 750853
Winterflood Securities Limited
Neil Langford 020 3100 0000
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