Result of AGM

RNS Number : 8912O

BlueCrest AllBlue Fund Ltd

12 August 2014

 



BLUECREST ALLBLUE FUND LIMITED (the "Company")

RESULT OF GENERAL MEETING AND RE-APPOINTMENT OF DIRECTOR

RESULT OF GENERAL MEETING

In accordance with the Principle 19 of the AIC Code of Corporate Governance, the Company advises that for the General Meeting held on Tuesday, 12 August 2014 valid proxy appointments were made in respect of 182,313,471 voting shares and voting was as follows:

ORDINARY BUSINESS

IT WAS RESOLVED to receive the Annual Financial Report for the year ended 31 December 2013. (182,082,675 votes cast in favour, no votes cast against and 230,796 votes withheld). 

IT WAS RESOLVED to reappoint Ernst & Young LLP as Auditors to the Company, to hold office from the conclusion of this meeting until the conclusion of the next General Meeting to be held in 2015 under Section 199 of Companies (Guernsey) Law, 2008, as amended (the "Law"), and to authorise the directors to determine their remuneration. (182,313,471 votes cast in favour, no votes cast against and no votes withheld).

IT WAS RESOLVED to re-elect Mr Richard Crowder a director. (182,313,471 votes cast in favour, no votes cast against and no votes withheld).

IT WAS RESOLVED to re-elect Mr Paul Meader a director. (182,313,471 votes cast in favour, no votes cast against and no votes withheld).

IT WAS RESOLVED to re-elect Mr John le Prevost a director. (158,369,778 votes cast in favour, 23,943,693 votes cast against and no votes withheld).

IT WAS RESOLVED to re-elect Mr Andrew Dodd a director. (154,115,107 votes cast in favour, 28,198,364 votes cast against and no votes withheld).

SPECIAL BUSINESS

As an ordinary resolution IT WAS RESOLVED that the Company be authorised, in accordance with section 315(1)(a) of the Law, to make market purchases (within the meaning of section 316 of the Law) of ordinary shares of no par value each, whether denominated in Sterling, Euros or US Dollars ("Shares"), and to cancel such Shares or hold such Shares as treasury shares on the four terms set out in the Notice of Meeting for this meeting. (182,313,471 votes cast in favour, no votes against and no votes withheld).

As a special resolution IT WAS RESOLVED that the pre-emption rights granted to Shareholders pursuant to Article 12(2) of the Articles of Incorporation of the Company (the "Articles") be disapplied in respect of the allotment of equity securities (as defined in the Articles) relating to up to 45,000,000 ordinary shares of any class for cash. This dis-application of such pre-emption rights shall expire on 31 December 2015 unless such resolution is previously extended, renewed or revoked by the Company's shareholders in general meeting and save that the Company may, before such expiry, enter into an agreement or commitment to allot equity securities and may, pursuant to such agreement or commitment, allot equity securities after such expiry as if this dis-application had not expired.  For the purpose of this resolution, capitalised terms shall have the same meaning as set out in the Articles. (181,852,243 votes cast in favour, no votes cast against and 461,228 votes withheld).

Notes

It should be noted that a vote withheld is not a vote in law and will not be counted in the calculation of the proportion of the votes for and against each resolution.

RE-APPOINTMENT OF DIRECTOR

The board of the Company is pleased to announce that immediately after the General Meeting and pursuant to Article 61 they re-appointed Mr Steve le Page as an independent non-executive director and as Chairman of the Audit Committee effective from 12 August 2014 until the Company's next Annual General Meeting.  Mr Le Page had previously been appointed on 3 June 2014.

Mr Le Page (aged 58) brings a deep knowledge and wealth of practical experience of financial and governance reporting, auditing, internal control and investment fund structures combined with a strong awareness of tax and regulatory issues.

There are no matters requiring disclosure in respect of Mr Le Page's appointment under Rule 9.6.13 of the Listing Rules of the UKLA.

For further information contact:

JTC (Guernsey) Limited

Secretary

Tel:  [phone]

12 August 2014

END OF ANNOUNCEMENT

E&OE - in transmission.

 

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