| DP AIRCRAFT I LIMITED ('the Company') RESULTS OF ANNUAL GENERAL MEETING ('AGM') | ||||||||||
| The Board of the Company is pleased to announce that all of the resolutions put to shareholders at the AGM held on 29 July 2022 were passed. The details of each such resolution are as follows: | ||||||||||
| 1. ORDINARY RESOLUTION | THAT the Annual Report and Audited Consolidated Financial Statements of the Company for the year ended 31 December 2021 together with the Reports of the Directors and Auditors thereon be received and adopted.
IT WAS RESOLVED THAT Resolution 1 be and is hereby passed.
| |||||||||
| 2. ORDINARY RESOLUTION | THAT Jon Bridel be and is hereby re-elected as a director of the Company.
IT WAS RESOLVED THAT Resolution 2 be and is hereby passed.
| |||||||||
| 3. ORDINARY RESOLUTION | THAT the appointment of KPMG Chartered Accountants, Statutory Audit Firm as Auditors of the Company for the year ending 31 December 2022 be and is hereby approved and that the Directors be authorised to fix their remuneration.
IT WAS RESOLVED THAT Resolution 3 be and is hereby passed.
| |||||||||
| 4. ORDINARY RESOLUTION | TO approve the Directors' remuneration report as set out in the 2021 Annual Report.
IT WAS RESOLVED THAT Resolution 4 be and is hereby passed.
| |||||||||
| 5. ORDINARY RESOLUTION | TO approve the Directors' Remuneration Policy for the year ending 31 December 2022 as set out in the 2021 Annual Report.
IT WAS RESOLVED THAT Resolution 5 be and is hereby passed. | |||||||||
| 6. ORDINARY RESOLUTION | TO approve the dividend policy of the Company as set out on page 7 of the 2021 Annual Report.
IT WAS RESOLVED THAT Resolution 6 be and is hereby passed.
| |||||||||
| 7. ORDINARY RESOLUTION | THAT the Directors be and are hereby authorised to allot and issue (or sell out of treasury) ordinary shares of no par value in the Company ("Ordinary Shares") up to an aggregate amount not exceeding 10 per cent. of the Ordinary Shares in issue immediately following the passing of this resolution at a price which is less than the net asset value per Ordinary Share as at the latest practicable date before the allotment of such Ordinary Shares. This authority shall expire on the date falling 15 months after the date of passing this resolution or the conclusion of the next annual general meeting of the Company whichever is the earlier (save that the Company may at any time before such expiry make an offer or agreement which might require Ordinary Shares to be allotted or issued after such expiry and the Directors may allot and issue Ordinary Shares after such expiry in pursuance of such offer or agreement as if the authority conferred hereby had not expired).
IT WAS RESOLVED THAT Resolution 7 be and is hereby passed.
| |||||||||
| 8. ORDINARY RESOLUTION | THAT subject to the passing of Resolution 7 above and in addition to the authority granted thereby, the Directors be and are hereby authorised to allot and issue (or sell out of treasury) a further 10 per cent. of the Ordinary Shares in issue immediately following the passing of this resolution at a price which is less than the net asset value per Ordinary Share as at the latest practicable date before the allotment of such Ordinary Shares. This authority shall expire on the date falling 15 months after the date of passing this resolution or the conclusion of the next annual general meeting of the Company whichever is earlier (save that the Company may at any time before such expiry make an offer or agreement which might require Ordinary Shares to be allotted or issued after such expiry and the Directors may allot and issue Ordinary Shares after such expiry in pursuance of such offer or agreement as if the authority conferred hereby had not expired).
IT WAS RESOLVED THAT Resolution 8 be and is hereby passed.
| |||||||||
The Board notes that resolutions 4 and 5 (the adoption of the Directors' Remuneration Report and the Directors' Remuneration Policy) received 22.34% of votes cast against the resolutions.
The Board will reflect and continue to consult with those shareholders who did not vote in favour of these resolutions to understand their views. The Board takes seriously its responsibility to understand the views and perspectives of shareholders, and as part of this ongoing commitment it is committed to continuing a constructive and open dialogue on this and all other matters with its shareholders.
For further information please contact:
Aztec Financial Services (Guernsey) Limited, Company Secretary
Sarah Felmingham
+44 1481 748 863
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
