Result of AGM

RNS Number : 5495E

Advance Developing Markets Fund Ltd

10 April 2014

 



Advance Developing Markets Fund Limited

Result of Annual General Meeting

The Board of Advance Developing Markets Fund Limited (the "Company") is pleased to announce that at the Company's Annual General Meeting held earlier today all resolutions were passed.

A summary of the resolutions and the proxy voting figures received in advance of the meeting are shown below:

		For		Against		Discretionary			Withheld
Resolution		Votes	%	Votes	%	Votes	%
1	To receive and adopt the financial statements for the year ended 31 October 2013, including the directors' and auditors reports.	47,690,673	98.8	592,051	1.2	0	0.0		0
2	To approve the directors' remuneration report for the year ended 31 October 2013.	48,279,949	100.0	2,775	0.0	0	0.0		0
3	To re-elect Mr AR Bonsor as a director.	48,123,192	99.7	159,532	0.3	0	0.0		0
4	To re-appoint KPMG Channel Islands Limited as auditors to the Company.	48,279,949	100.0	2,775	0.0	0	0.0		0
5	To authorise the directors to determine KPMG Channel Islands Limited's remuneration.	48,279,949	100.0	2,775	0.0	0	0.0		0
6	To give the Company the authority to purchase its own shares.	48,282,724	100.0	0	0.0	0	0.0		0
7	To adopt new Memorandum and Articles of Incorporation.*	45,280,445	93.8	2,999,504	6.2	0	0.0		2,775

* Special resolution

At the time of the above meeting the Company's share capital consisted of 57,695,696 ordinary shares with voting rights and a further 2,692,278 ordinary shares held in treasury.

Enquiries:

Lisa Garnham

Tel: [phone]

Legis Fund Services Limited

Company Secretary to Advance Developing Markets Fund Limited

10 April 2014

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