Source - LSE Regulatory
RNS Number : 8814K
SQN Secured Income Fund PLC
18 December 2018
 

SQN Secured Income Fund plc

(the "Company")

 

18 December 2018

 

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 20,445,833 Ordinary Shares, representing 38.83% 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.

20,445,833

0

0

Resolution

carried

Ordinary Resolution 2

To approve Directors' Remuneration Policy.

20,395,833

50,000

0

Resolution

carried

Ordinary Resolution 3

To approve Directors' Remuneration Report.

20,395,833

50,000

0

Resolution

carried

Ordinary Resolution 4

To re-elect RSM UK Audit LLP as auditor.

20,393,133

0

52,700

Resolution

carried

Ordinary Resolution 5

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

20,395,833

50,000

0

Resolution

carried

 

Ordinary Resolution 6

To elect Gaynor Coley as a Director.

20,395,833

50,000

0

Resolution

carried

 

Ordinary Resolution 7

To re-elect Kenneth Hillen as a Director.

20,445,833

0

0

Resolution

carried

 

Ordinary Resolution 8

To re-elect David Stevenson as a Director.

20,445,833

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).

20,393,133

0

52,700

Resolution

carried

 

Special 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).

17,895,833

0

2,550,000

Resolution

carried

 

Special Resolution 11

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

of the Company's issued Ordinary Share capital.

20,395,833

0

50,000

Resolution

carried

 

 

 

For further information please contact:

 

SQN Asset Management Limited

Neil Roberts/Jeremiah Silkowski/Dawn Kendall

 

tel: +44 1932 575 888

 


finnCap Ltd.

Corporate Finance:

William Marle / Giles Rolls

Sales:

Mark Whitfeld

 

tel: +44 20 7220 0500

 

 

 

 

 


Kepler Partners LLP

Hugh van Cutsem

 

tel: +44 20 3384 8790


Buchanan Communications

Charles Ryland/Henry Wilson

 

tel: +44 20 7466 5000


 

http://www.sqncapital.com/managed-funds/sqn-secured-income-fund/about/ 

 

 

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 Dawn Kendall, Neil Roberts, and Jeremiah Silkowski.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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