Source - LSE Regulatory
RNS Number : 6372O
GCP Infrastructure Investments Ltd
10 February 2021
 

 

GCP Infrastructure Investments Limited

("GCP Infra" and/or the "Company")

LEI213800W64MNATSIV5Z47

 

Result of Annual General Meeting ("AGM")

 

GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, today announces the results of voting at the Annual General Meeting the Company held on Wednesday 10 February 2021 at the Registered Office of the Company.

 

Each of the Ordinary Resolutions and Special Resolutions proposed in the notice and agenda of the AGM were duly passed by the shareholders on a poll. The results of the voting are noted as follows:

 

Summary Resolutions1

For

For / Discretion2

Against

%

Withheld

1.    Ordinary Resolution: THAT the Report of the Directors and the audited financial statements of the Company for the year ended 30 September 2020 be adopted.

409,110,286

99.99

854

0.01

57,895,396

2.    Ordinary Resolution: THAT the Directors' remuneration report for the year ended 30 September 2020 be received and approved.

466,865,587

99.98

110,737

0.02

30,212

3.    Ordinary Resolution: THAT the Directors' remuneration policy for the year ended 30 September 2020 be approved.

466,861,202

99.98

115,122

0.02

30,212

4.    Ordinary Resolution: THAT Ian Reeves CBE be re-elected as a director of the Company.

425,419,176

91.11

41,532,522

8.89

54,837

5.    Ordinary Resolution: THAT Paul De Gruchy be re-elected as a director of the Company.

464,929,583

99.57

2,020,942

0.43

56,011

6.    Ordinary Resolution: THAT Michael Gray be re-elected as a director of the Company.

466,935,696

99.99

14,931

0.01

55,909

7.    Ordinary Resolution: THAT Julia Chapman be re-elected as a director of the Company.

466,940,528

99.99

10,099

0.01

55,909

8.    Ordinary Resolution: THAT Dawn Crichard be re-elected as a director of the Company.

466,940,426

99.99

10,099

0.01

56,011

9.    Ordinary Resolution: THAT the companies dividend policy be approved.

466,967,203

99.99

8,789

0.01

30,544

10. Ordinary Resolution: THAT KPMG Channel Islands Jersey Limited be re-appointed as Auditors to the Company.

466,895,963

99.98

75,680

0.02

34,893

11.  Ordinary Resolution: THAT the remuneration of KPMG Channel Islands Jersey Limited be determined by the Audit and Risk Committee.

466,894,765

99.98

76,878

0.02

34,893

12.  Ordinary Resolution: THAT the Company be generally and unconditionally authorised to  Ordinary Shares purchased pursuant to the authority granted under Resolution (13) as treasury shares.

466,955,228

99.99

21,632

0.01

29,676

13.   Special Resolution: THAT the Company be authorised to make market purchases of up to 131,980,653 Ordinary Shares.

466,604,383

99.92

375,871

0.08

26,281

14.   Special Resolution: THAT the Directors be authorised to allot and issue up to 88,045,799 Ordinary Shares, as if pre-emption rights in the articles did not apply.

466,865,552

99.97

126,685

0.03

14,299

 

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-infra/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 Limited

Phil Kent

 

+44 (0)20 3405 8500

Stifel Nicolaus Europe Limited 

Mark Bloomfield

Nick Donovan

 

+44 (0)20 7710 7600

Buchanan/Quill   

Helen Tarbet

Sarah Gibbons-Cook

Henry Wilson

+44 (0)20 7466 5000

 

Notes to the Editor

 

About GCP Infra

GCP Infra is a closed-ended investment company and FTSE-250 constituent whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained, long-term distributions and to preserve capital over the long term by generating exposure to UK infrastructure debt and related and/or similar assets.

 

The Company primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues. Where possible, investments are structured to benefit from partial inflation protection. GCP Infra is advised by Gravis Capital Management Limited.

 

GCP Infra has been awarded with the London Stock Exchange's Green Economy Mark in recognition of its contribution to positive environmental outcomes.

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