Result of AGM

RNS Number : 7291V

Real Estate Credit Investments Ltd

05 November 2010

 



Stock Exchange Announcement

Real Estate Credit Investments Limited

(Incorporated and Registered in Guernsey with Company No: 43634)

(the "Company")

Results of the Annual General Meeting - 5 November 2010 at 12 noon

The Board of Directors of the Company is pleased to announce that, at the Annual General Meeting of the Company held on 5 November 2010, the following Resolutions were approved by shareholders:

Ordinary Resolutions

1.      To receive and adopt the Directors' report and financial statements for the period ended 31 March 2010. 

2.       To re-appoint Deloitte LLP as Auditors.

3.       To authorise the Directors to fix the remuneration of the Auditors.

4.       To re-elect Tom Chandos as Director. 

5.       To re-elect Christopher Spencer as Director.

6.      To approve the waiver granted by the Panel of the obligation that would otherwise arise on any member of the Concert Party to make a general offer to the Shareholders of the Company pursuant to Rule 9 of the Code as a result of the exercise by the Company of the Buy Back Authority (and any renewal thereof, subject to the 12 month duration of the waiver granted by the Takeover Panel and without prejudice to the maximum in the original Buy Back Authority which shall continue to apply by reference to the Company's Issued Share Capital as at the Annual General Meeting).

Extraordinary Resolution

7.    To authorise the Company unconditionally and generally in accordance with The Companies (Guernsey) Law 2008 (as amended) to make market purchases (within the meaning of section 316 of The Companies (Guernsey) Law 2008) of ordinary shares of no par value in the capital of the Company on such terms and in such manner as the Directors may from time to time determine thereof.

   Enquiries:

Public Relations:
James Wallis / Kate Ruck Keene	+ 44 (0)20 7920 2330
Investor Relations:
Natalie Withers	+ 44 (0)20 7968 7348
The Secretary
Kleinwort Benson (Channel Island) Fund Services Limited	+ 44  (0)1481 727111

5^th November 2010

 

END

 

 

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