Result of AGM

Sequoia Economic Infra Inc Fd Ld

28 July 2026

 

28 July 2026

Sequoia Economic Infrastructure Income Fund Limited

(the "Company")

Results of the Annual General Meeting

The Company is pleased to announce that at the Annual General Meeting (the "AGM") of the Company held at 10:00am today, 28 July 2026, each of the proposed resolutions were duly passed without amendment.

The Company had sought to ensure that as many shareholders as possible voted on the resolutions and is pleased that 67.94% of the Company's issued share capital was represented at the AGM, compared to 69.70% at the 2025 annual general meeting. The Board appreciated the engagement with shareholders in the lead up to the AGM and looks forward to continued dialogue with shareholders.

All resolutions as set out in the notice of AGM, of which resolutions 1 to 11 were proposed as ordinary resolutions and resolutions 12 to 14 were proposed as special resolutions, were voted on by way of a poll and the results were as follows:

Resolution	For*		Against		Withheld**
	Votes	%	Votes	%	Votes
1.     To receive the Financial Statements and Directors' Report for the year ended 31 March 2026	834,057,853	99.99	38,479	0.01	361,039
2.     To approve the Directors' Remuneration as set out in the Annual Report for the year ended 31 March 2026	832,873,337	99.89	944,083	0.11	639,951
3.     To re-elect James Stewart as a director of the Company	831,861,499	99.75	2,068,062	0.25	527,810
4.     To re-elect Timothy Drayson as a director of the Company	833,560,189	99.94	489,747	0.06	407,435
5.     To re-elect Paul Le Page as a director of the Company	828,285,181	99.31	5,764,755	0.69	407,435
6.     To re-elect Selina Sagayam as a director of the Company	833,663,879	99.96	372,405	0.04	421,087
7.     To re-elect Nicola Paul as a director of the Company	833,754,877	99.97	281,407	0.03	421,087
8.     To re‑appoint Grant Thornton Limited as auditor of the Company	833,485,687	99.95	404,564	0.05	567,120
9.     Authorise the Directors to determine the remuneration of the Auditor	833,768,105	99.97	286,804	0.03	402,462
10.  To approve the Company's dividend policy	834,164,840	99.99	3,235	0.01	289,296
11.  That the investment policy of the Company be and is hereby adopted as the investment policy of the Company to the exclusion of all other investment policies of the Company.	833,801,527	99.96	320,282	0.04	335,562
12.  That the articles of incorporation be hereby adopted as the articles of incorporation of the Company.	833,748,149	99.95	394,795	0.05	314,427
13.  That the company be authorised in accordance with Section 315 of the Companies (Guernsey) Law, 2008 (as amended) to make market acquisitions of its ordinary shares in accordance with the terms set out in the Notice of Annual General Meeting	834,143,376	99.99	119,641	0.01	194,354
14.  That the Directors be authorised to allot and issue (or sell from treasury) equity securities for cash, up to an aggregate amount not exceeding 10% of the Ordinary Shares in issue	829,941,037	99.48	4,302,431	0.52	213,903

*Includes discretionary votes.

**A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution. 

In accordance with UKLR 6.4.13, details of those resolutions passed at the AGM that were not in the ordinary course of business are detailed below.

To consider and, if thought fit, to pass the following resolutions as an ordinary resolution:

11.          THAT the proposed investment policy of the Company set out in Part 2 of the AGM Circular, a copy of which has been produced to the meeting and signed by the chairman for the purposes of identification, be and is hereby adopted as the investment policy of the Company to the exclusion of all other investment policies of the Company.

To consider, and if thought fit, to pass the following resolutions as special resolutions:

12.          THAT the articles of incorporation produced to the meeting and signed by the chair for the purposes of identification, be hereby adopted as the articles of incorporation of the Company for, and to the exclusion of, the existing articles of incorporation and with effect from the conclusion of the Annual General Meeting.

13.          THAT the Company be and is hereby generally and unconditionally authorised in accordance with Section 315 of The Companies (Guernsey) Law, 2008 (as amended) (the "Law") to make market acquisitions (as defined in the Law) of its Ordinary Shares, provided that:

a.     the maximum aggregate number of Ordinary Shares hereby authorised to be purchased is such number as represents 14.99% of the Ordinary Shares in issue immediately following the passing of this resolution;

b.     the minimum price (exclusive of expenses) which may be paid for an Ordinary Share is 1 pence;

c.     the maximum price (exclusive of expenses) which may be paid for an Ordinary Share shall be not more than the higher of (i) 5% above the average market value of an Ordinary Share for the five business days prior to the day the purchase is made and (ii) the value of an Ordinary Share calculated on the basis of the higher of the price quoted for the last independent trade and the highest independent bid for any number of the Ordinary Shares on the trading venue where the purchase is carried out;

d.     the authority hereby conferred shall expire at the conclusion of the next annual general meeting of the Company held in 2027 or 18 months from the date of this resolution, whichever is the earlier, unless such authority is varied, revoked or renewed prior to such time; and

e.     the Company may make a contract to purchase Ordinary Shares under the authority hereby conferred prior to the expiry of such authority which will or may be executed wholly or partly after the expiration of such authority and may make an acquisition of Ordinary Shares pursuant to any such contract.

14.          THAT in substitution for all existing authorities to disapply pre‑emption rights pursuant to the special resolution of the Company dated 29 July 2025 the Directors be and are hereby authorised to allot and issue (or sell from treasury) equity securities (within the meaning of the Articles) for cash, as if Article 5.1 of the Articles did not apply to any such allotment and issue, up to an aggregate amount not exceeding 10% of the Ordinary Shares in issue immediately following the passing of this resolution; provided that this authority shall expire at the conclusion of the next annual general meeting of the Company to be held in 2027 unless such authority is renewed, varied or revoked by the Company, save that the Company may prior to the expiry of such period make any offer or agreement which would or might require such shares to be issued (or sold from treasury) or rights to be granted after such expiry and the Directors may issue (or sell from treasury) such shares (or to grant rights to subscribe for or to convert any securities into shares) in pursuance of any such offer or agreement as if the authority conferred hereby had not expired.

For further information please contact:

Sequoia Investment Management Company Steve Cook Dolf Kohnhorst Randall Sandstrom Anurag Gupta	[phone]
Jefferies International Limited (Joint Corporate Broker & Financial Adviser) Gaudi Le Roux Harry Randall	[phone]
J.P. Morgan Cazenove (Joint Corporate Broker & Financial Adviser) William Simmonds Rupert Budge	[phone]
Teneo (Financial PR) Robert Yates Jessica Pine	[phone]
FundRock Management Company (Guernsey) Limited (AIFM) Chris Hickling Ben Snook	[phone]
Apex Fund and Corporate Services (Guernsey) Limited (Company Secretary) Aoife Bennett James Taylor	[phone]

About Sequoia Economic Infrastructure Income Fund Limited

The Company seeks to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments. The Company is advised by Sequoia Investment Management Company Limited.

LEI: 2138006OW12FQHJ6PX91

 

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