21 April 2022
RUFFER INVESTMENT COMPANY LIMITED
(a closed-ended investment company incorporated in Guernsey with registration number 41996)
(the "Company")
Result of Extraordinary General Meeting
The Board of the Company is pleased to announce that the resolutions proposed at the extraordinary general meeting of the Company held earlier today (the "Resolutions") were approved by shareholders on a poll.
Terms used and not defined in this announcement shall have the meanings given to them in the circular to shareholders published by the Company on 1 April 2022 (the "Circular").
The number of shares voted in person or by proxy on the Resolutions was as follows:
| Resolution | For | Against | Withheld* | ||
| Votes | % | Votes | % | Votes | |
| 1. Special resolution: That the Board be empowered under the articles of incorporation of the Company to issue equity securities for cash on a non-pre-emptive basis.
| 74,538,851 Shares | 94.17% | 4,613,437 Shares | 5.83% | 90,225 Shares |
| 2. Ordinary resolution: That the cap on the ordinary remuneration of the directors of the Company shall be increased to, in aggregate, £300,000 per annum.
| 78,319,453 Shares | 99.02% | 773,733 Shares | 0.98% | 149,328 Shares |
*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "For" or "Against" the resolution.
The full text of each resolution is contained in the notice of general meeting set out in the Circular, a copy of which is available on the Company's website at www.ruffer.co.uk/2022-04-ric-circular
Block Listing Application
An application has been made to the Financial Conduct Authority and London Stock Exchange for the block listing of 6,688,723 shares with an admission date of 22 April 2022.
Shares will be issued under the block listing to satisfy continuing demand that cannot be met through the secondary market, and the net proceeds of share issuance under the block listing will be invested in accordance with the Company's published investment policy. The shares issued under the block listing will, when issued, rank pari passu with the existing shares of the Company.
Enquiries:
Sanne Fund Services (Guernsey) Limited
Company Secretary
Katrina Rowe
DDI: +44(0)1481 737673
Email: ric@praxisifm.com
Investec Bank plc
Broker
David Yovichic
DDI: +44(0)20 7597 4952
Email: David.yovichic@investec.co.uk
LEI 21380068AHZKY7MKNO47
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