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3i Quoted Private Eq (QPE)

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Monday 21 July, 2008

3i Quoted Private Eq

Result of AGM

RNS Number : 5489Z
3i Quoted Private Equity Limited
21 July 2008
 



3i Quoted Private Equity Limited - Annual General Meeting

 

The Annual General Meeting for 2008 of 3i Quoted Private Equity Limited was held on Monday, 21 July 2008 at 22 Grenville Street, St. Helier, Jersey, Channel Islands JE4 8PX.

 

Voting was conducted on a show of hands and the resolutions below were duly passed.  Resolutions 1 to 7 were passed as ordinary resolutions and resolutions 8 to 11 were passed as special resolutions.  The change in Company name to 3i Quoted Private Equity plc, referred to in resolution 8, came into effect on 21 July 2008.

 

Resolutions:

 

1. To receive and consider the Company's Accounts for the period to 31 March 2008, the Directors' report and the Auditors' report on those Accounts. 


2. To elect David Tyler as a Director.

 

3. To elect Duncan Baxter as a Director.

 

4. To elect Antoine Clauzel as a Director.

 

5. To elect Richard Harwood as a Director.

 

6. To reappoint Ernst & Young LLP as independent auditors of the Company, to hold office until the conclusion of the next Annual General Meeting. 


7. To authorise the Directors to determine the remuneration of the independent auditors.

  

8.  That, subject to the Companies (Amendment No. 9) (Jersey) Law 2008 coming into effect, the name of the Company be changed to '3i Quoted Private Equity plc' and that clause 1 of the memorandum of association of the Company be amended accordingly to reflect the new name of the Company.

 

9.  That the articles of association of the Company be amended as follows:


(i) by the deletion of the words 'and such meetings shall be held in Jersey or such other place outside of the United Kingdom as may be determined by the Directors from time to time' from Article 43; and


(ii) by the deletion of the current Article 116.4 in its entirety and the consequent re-numbering of Article 116.5 as Article 116.4.


10.  That, in accordance with Article 5.A.4 of the Company's articles of association, the Directors be empowered to allot shares in the Company for cash up to 20,000,000 Ordinary Shares as if Article 5.A.1 of the Company's articles of association did not apply to the allotment for the period expiring on the date falling 18 months after the date of passing of this resolution or the conclusion of the next Annual General Meeting of the Company, whichever is the earlier, PROVIDED THAT the Company may before such expiry make an offer or agreement which would or might require shares to be allotted after such expiry and shares may be allotted pursuant to such an agreement as if the power conferred by this resolution had not expired.    


11.  That the Company is generally and unconditionally authorised to make market purchases of Ordinary Shares in the capital of the Company provided that:


(a) the maximum number of Ordinary Shares authorised to be acquired is 59,960,000;


(b) the minimum price which may be paid for each Ordinary Share is £0.01;


(c) the maximum price (exclusive of expenses) which may be paid for each Ordinary Share is, in respect of a share contracted to be purchased on any day, an amount equal to the higher of (a) 105% of the average of the middle market quotations for the Ordinary Shares taken from the Daily Official List of the London Stock Exchange for the five business days before the purchase is made; and (b) the higher of the last independent trade and the highest current independent bid on the London Stock Exchange;


(d) this authority will (unless renewed) expire at the conclusion of the next Annual General Meeting of the Company held after the date on which this resolution is passed or, if earlier, 15 months after that date; and 


(e) the Company may make a contract to purchase Ordinary Shares under this authority before this authority expires which will or may be executed wholly or partly after its expiration.


 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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