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Value Catalyst Fund (VCF)

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Tuesday 14 December, 2010

Value Catalyst Fund

Result of AGM

RNS Number : 9299X
Value Catalyst Fund Limited (The)
14 December 2010
 



14 December 2010

 

The Value Catalyst Fund Limited

("VCF" or "the Company")

 

RESULT OF ANNUAL GENERAL MEETING

 

The Company announces that at its Annual General Meeting held, today, all the resolutions, as set out below were duly passed.

 

Ordinary Resolutions:

 

Resolution 1 -   To adopt the financial statements, the directors and auditors reports for the year ended 30 June 2010.  (Approved and passed on a show of hands, 6 for, 0 against and 0 withheld).

 

Resolution 2 -   To re-appoint Ms A Clayton as a director of the Company, who is due to retire by rotation and being eligible offers herself for re-election as a Director of the Company.  (Approved and passed on a show of hands, 6 for, 0 against and 0 withheld).

 

Resolution 3 -   To re-appoint Mr M Haxby as a director of the Company, who is due to retire by rotation and being eligible offers himself for re-election as a Director of the Company (Approved and passed on a show of hands, 6 for, 0 against and 0 withheld).

 

Resolution 4 -   To re-appoint KPMG Audit LLC as auditors of the Company and authorise the directors to fix their remuneration for the year ending 30 June 2011.  (Approved and passed on a show of hands, 6 for, 0 against and 0 withheld).

 

Special Resolutions:

 

Resolution 5 - To authorise the Directors to allot Ordinary Shares for cash up to a nominal value of US$566.39.  (Approved and passed on a show of hands, 5 for, 1 against and 0 withheld).

 

Resolution 6 -   To authorise the Directors to allot Ordinary Shares for cash on a non pre-emptive basis up to a nominal value of $169.92.  (Approved and passed on a show of hands, 5 for, 1 against and 0 withheld).

 

Ordinary Resolution - Continuation Vote

 

Resolution 7 -   That the Company shall continue in its current form and operate as an investment company for a further five years.  (Approved and passed on a poll, 37,148,450 votes in favour, 5,074,777 votes against, 0 votes withheld.)

 

 As the Company announced in its Chairman's statement published in the annual financial statements of the Company regardless of the result of the continuation vote the Company is committed to come forward to shareholders with re-organization proposals.  The Company will now present proposals as soon as practical to all shareholders to allow them to choose between a continuation pool and a realization pool with no limit on the size of the realization pool. 

 

 

Enquiries:      

Azhic Basirov / Siobhan Sergeant

Smith & Williamson Corporate Finance Limited

Tel +44 (0)20 7131 4000

 


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