TFIF.L

Twentyfour Income Fund Limited Ord Red
TwentyFour Income Fund - Result of Annual General Meeting
12th September 2024, 13:02
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
TwentyFour Income Fund Limited
(a closed-ended investment company incorporated in Guernsey with registration
number 56128)
LEI Number: 549300CCEV00IH2SU369
(The "Company")

12 SEPTEMBER 2024

RESULT OF ANNUAL GENERAL MEETING

At the Annual General Meeting of the Company held today, all Resolutions set out
in the Annual General Meeting Notice sent to Shareholders dated 23 August 2024
were duly passed.

Details of the proxy voting results which should be read along side the Notice
are noted below:

  Ordinary Resolution         For      Percentage In Favour
           1              409,485,309         99.98
           2              380,903,039         93.00
           3              408,948,565         99.87
           4              404,372,382         98.73
           5              409,401,777         99.97
           6              409,314,013         99.95
           7              409,328,412         99.96
           8              409,381,893         99.97
           9              409,354,701         99.97
           10             409,346,701         99.96
           11             385,679,307         94.17
           12             409,188,138         99.91
           13             409,002,138         99.87
Extraordinary Resolution      For      Percentage in Favour
           14             407,657,995         99.55
           15             379,056,410         92.57

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

The Extraordinary Resolutions were as follows:

Extraordinary Resolution 14

That, in substitution of all existing powers (but in addition to any power
conferred on them by ordinary resolutions 12 and 13  above), the Directors be
and are authorised generally and unconditionally in accordance with Article 6.7
of the Articles to exercise all powers of the Company to issue equity securities
(as defined in Article 6.1.1(a)) for cash as if the members' pre-emption rights
contained in Article 6.2 of the Articles did not apply to any such issue
pursuant to the general authority conferred on them by ordinary resolutions 12
and 13 above (as varied from time to time by the Company in general meeting):

 a. pursuant to an offer of equity securities open for acceptance for a period
fixed by the Directors where the equity securities respectively attributable to
the interests of holders of Ordinary Shares are proportionate (as nearly as may
be) to the respective numbers of Ordinary Shares held by them but subject to
such exclusions or other arrangements in connection with the issue as the
Directors may consider necessary, appropriate or expedient to deal with equity
securities representing fractional entitlements or to deal with legal or
practical problems arising in any overseas territory, the requirements of any
regulatory body or stock exchange, or any other matter whatsoever; and
 b. provided that (otherwise than pursuant to sub-paragraph (a) above) this
power shall be limited to the allotment of equity securities up to an aggregate
nominal value equal to 10 per cent. of the total number of shares in issue in
the Company at the date of the passing of this extraordinary resolution, and
provided further that (i) the number of equity securities to which this power
applies shall be reduced from time to time by the number of treasury shares
which are sold pursuant to any power conferred on the Directors by ordinary
resolution 11 above and (ii) no issue of equity securities shall be made under
this power which would result in Ordinary Shares being issued at a price which
is less than the net asset value per Ordinary Share as at the latest practicable
date before such allotment of equity securities as determined by the Directors
in their reasonable discretion, and such power hereby conferred shall expire on
whichever is the earlier of: (i) the conclusion of the annual general meeting of
the Company to be held in 2025; or (ii) the date 15 months after the date on
which this extraordinary resolution is passed (unless renewed, varied or revoked
by the Company prior to that date) save that the Company may, before such
expiry, make offers or agreements which would or might require equity securities
to be issued after such expiry and the Directors may issue equity securities in
pursuance to such offers or agreements as if the authority conferred hereby had
not expired.

Extraordinary Resolution 15

That, conditional on extraordinary resolution 14 above having been passed, in
substitution of all existing powers (but in addition to any power conferred on
them by ordinary resolutions 12 and 13 and in addition to and without prejudice
to the power granted by extraordinary resolution 14 above), the Directors be and
are authorised generally and unconditionally in accordance with Article 6.7 of
the Articles to exercise all powers of the Company to issue equity securities
(as defined in Article 6.1.1(a)) for cash as if the members' pre-emption rights
contained in Article 6.2 of the Articles did not apply to any such issue
pursuant to the general authority conferred on them by the ordinary resolutions
12 and 13 above (as varied from time to time by the Company in general meeting):

 a. pursuant to an offer of equity securities open for acceptance for a period
fixed by the Directors where the equity securities respectively attributable to
the interests of holders of Ordinary Shares are proportionate (as nearly as may
be) to the respective numbers of Ordinary Shares held by them but subject to
such exclusions or other arrangements in connection with the issue as the
Directors may consider necessary, appropriate or expedient to deal with equity
securities representing fractional entitlements or to deal with legal or
practical problems arising in any overseas territory, the requirements of any
regulatory body or stock exchange, or any other matter whatsoever; and
 b. provided that (otherwise than pursuant to sub-paragraph (a) above) this
power shall be limited to the allotment of equity securities up to an aggregate
nominal value equal to 10 per cent. of the total number of shares in issue in
the Company at the date of the passing of this extraordinary resolution, and
provided further that no issue of equity securities shall be made under this
power which would result in Ordinary Shares being issued at a price which is
less than the net asset value per Ordinary Share as at the latest practicable
date before such allotment of equity securities as determined by the Directors
in their reasonable discretion, and such power hereby conferred shall expire on
whichever is the earlier of: (i) the conclusion of the annual general meeting of
the Company to be held in 2025; or (ii) the date 15 months after the date on
which this extraordinary resolution is passed (unless renewed, varied or revoked
by the Company prior to that date) save that the Company may, before such
expiry, make offers or agreements which would or might require equity securities
to be issued after such expiry and the Directors may issue equity securities in
pursuance to such offers or agreements as if the authority conferred hereby had
not expired.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel:        01481 745001

END

This information was brought to you by Cision http://news.cision.com

TwitterFacebookLinkedIn