Result of AGM

RNS Number : 7239W

Standard Life Euro Pri Eqty Tst PLC

02 February 2012

 



STANDARD LIFE EUROPEAN PRIVATE EQUITY TRUST PLC (THE "COMPANY")

RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 2 FEBRUARY 2012

The Board is pleased to announce that at the Annual General Meeting ("AGM") held on 2 February 2012, all resolutions set out in the Notice of Annual General Meeting put to the AGM were passed by the requisite majority on a show of hands. As announced earlier today, Mr Taylor has resigned as a non-executive director of the Company with effect from 2 February 2012. Accordingly, resolution 6 was not put to the AGM.

The Board is pleased to announce the following proxy results of the resolutions put forward at the AGM.

	Ordinary Resolutions	Votes For (inc. discretionary)	Votes Against	Votes Withheld¹	Total Votes²
1.	That the report and accounts for the year ended 30 September 2011, the Directors' report, the Directors' remuneration report and the independent auditors' report be received.	133,310,588	2,300	411	133,312,888
2.	That the Directors' remuneration report for the year ended 30 September 2011 be approved.	133,261,067	52,232	0	133,313,299
3.	That the final dividend of 1.3p per ordinary share be approved.	133,309,764	3,535	0	133,313,299
4.	That Mr Barbour be elected as a Director.	133,311,653	0	1,646	133,311,653
5.	That Mr Dobbie be re-elected as a Director.	133,308,562	200	4,537	133,308,762
6.	That Mr Taylor be re-elected as a Director.3	133,307,653	4,000	1,646	133,311,653
7.	That Mr Warner be re-elected as a Director.	133,308,562	200	4,537	133,308,762
8.	That Mr Warnock be re-elected as a Director.	133,207,126	104,527	1,646	133,311,653
9.	That Mr Workman be re-elected as a Director.	133,195,957	115,696	1,646	133,311,653
10.	That PricewaterhouseCoopers LLP be re-appointed as auditors and that their remuneration be fixed by the Directors.	133,292,840	10,190	10,269	133,303,030
11.	To renew the authority to offer scrip dividends.	133,210,107	103,192	0	133,313,299
12.	That the Directors be authorised to allot shares in the Company up to an aggregate nominal amount of £107,664.40.	133,310,732	2,156	411	133,312,888
	Special Resolutions
13.	That the Directors be authorised to allot equity securities for cash in accordance with section 570 of the Companies Act 2006 (disapplication of pre-emption rights).	133,300,364	12,524	411	133,312,888
14.	That the Company be authorised to buy-back shares of up to 14.99% of the Company's issued ordinary share capital.	133,310,821	2,478	0	133,313,299
	Related Party Resolution4
15.	To approve the adoption of an amended investment management agreement incorporating the Company's new investment management incentive arrangements.	44,753,630	5,527,245	83,032,424	50,280,875

Notes

¹A "Vote Withheld" is not a vote in law and has not been counted in the calculation of "Total Votes" in respect of each resolution.

²The "Total Votes" for each resolution is the total of "Votes For (inc. discretionary)" and "Votes Against" that resolution.

³ Due to the resignation of Mr Taylor as a non-executive director, which was announced on, and effective from, 2 February 2012, the resolution regarding his re-election was not put to the AGM.

⁴ The Company's investment manager is SL Capital Partners LLP.  SL Capital Partners LLP, Standard Life plc and those shareholders who were the respective Associates (as defined in the Listing Rules) of SL Capital Partners LLP and/or Standard Life plc were not permitted to vote on this resolution.

 

PASSING OF RESOLUTIONS AT THE AGM OF THE COMPANY

A copy of the [above/this] document will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

For Standard Life European Private Equity Trust PLC

Aberdeen Asset Management PLC, Secretary

2 February 2012

 

END

 

 

RAGUUUNRUBAURAR