Source - LSE Regulatory
RNS Number : 8417Y
SQN Secured Income Fund PLC
08 December 2017
 

SQN Secured Income Fund plc

(the "Company")

 

8 December 2017

 

Result of AGM

 

SQN Secured Income Fund plc, a UK-listed specialist investment trust with a focus on secured investments that produce regular income, is pleased to announce that at the Company's Annual General Meeting ("AGM") held earlier today, all resolutions were passed. Votes were received for 36,074,822 Ordinary Shares, representing 68.50% of the Company's share register. The resolutions put forward at the AGM and the votes cast are detailed below:

 

Resolution

 

For 

Abstain

Against

Result

 

As Ordinary Business

 

 

 

 

Ordinary Resolution 1

To receive annual report and accounts.

36,074,822

0

0

Resolution

carried

Ordinary Resolution 2

To approve Directors' Remuneration Policy.

36,072,122

0

2,700

Resolution

carried

Ordinary Resolution 3

To approve Directors' Remuneration Report.

36,072,122

0

2,700

Resolution

carried

Ordinary Resolution 4

To re-elect RSM UK Audit LLP as auditor.

36,072,122

0

2,700

Resolution

carried

 

Ordinary Resolution 5

To authorise Audit and Valuation Committee to determine auditor's remuneration.

36,074,822

0

0

Resolution

carried

 

Ordinary Resolution 6

To re-elect Kenneth Hillen as a Director.

36,074,822

0

0

Resolution

carried

 

Ordinary Resolution 7

To re-elect Richard Hills as a Director.

36,074,822

0

0

Resolution

carried

 

Ordinary Resolution 8

To re-elect David Stevenson as a Director.

36,074,822

0

0

Resolution

carried

 

 

As Special Business

 

 

 

 

Ordinary Resolution 9

To authorise allotment of shares representing 20% of the Company's issued Ordinary

Share capital (as at the date of the notice convening the AGM).

36,072,122

0

2,700

Resolution

carried

 

Ordinary Resolution 10

To disapply pre-emption rights in respect of allotment of shares and sales of shares

from treasury representing 20% of the Company's issued Ordinary Share capital (as at

the date of the notice convening the AGM).

33,574,822

0

2,500,000

Resolution

carried

 

Ordinary Resolution 11

To authorise market purchases by the Company of shares representing 14.99%

of the Company's issued Ordinary Share capital.

36,074,822

0

0

Resolution

carried

 

 

 

For further information please contact:

 

 

 

SQN Asset Management Limited

Neil Roberts/Jeremiah Silkowski/Dawn Kendall

 

tel: +44 1932 575 888

 

 

Cantor Fitzgerald Europe

Sue Inglis 

 

tel: +44 20 7894 8016

 

 

 

Buchanan Communications

Charles Ryland/Vicky Hayns/Henry Wilson

 

tel: +44 20 7466 5000

 

www.sqnsecuredincome.com 

 

 

 

Notes to Editor

The Company aims to provide shareholders with attractive risk-adjusted returns, principally in the form of regular, sustainable dividends, through investment predominantly in a range of secured loans and other secured loan-based instruments originated through a variety of channels and diversified by way of asset class, geography and duration.

 

The Company's Investment Managers are SQN Capital Management, LLC, a Registered Investment Advisor with the United States Securities and Exchange Commission and its subsidiary, SQN Asset Management Limited. The principals responsible for managing the portfolio are Jeremiah Silkowski, Dawn Kendall and Neil Roberts.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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