TwentyFour Select Monthly Income Fund - Results of Annual General Meeting
(a closed-ended investment company incorporated in Guernsey with registration number 57985)
(The “Company”)
LEI Number:
549300P9Q5O2B3RDNF78
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
Details of the proxy voting results which should be read along side the Notice are noted below:
Ordinary Resolution For Discretion(voted in favour) Against Abstain 1 30,755,114 5,261 117,061 230,380 2 30,755,959 5,261 117,061 229,535 3 30,380,889 5,261 446,766 274,900 4 30,531,675 5,261 338,371 232,509 5 30,720,782 5,261 142,217 239,556 6 29,506,463 5,261 1,356,536 239,556 7 29,512,054 5,261 1,350,945 239,556 8 29,393,224 5,261 1,469,775 239,556 9 30,463,008 5,261 341,748 297,799 10 30,546,543 5,261 298,930 257,082 11 30,555,719 5,261 301,904 244,932 12 30,616,937 5,261 237,712 247,906 Special Resolution For Discretion(voted in favour) Against Abstain 13 30,709,000 5,261 162,805 230,750 14 30,686,214 5,261 185,961 230,380 ExtraordinaryResolution For Discretion(voted in favour) Against Abstain 15 30,603,225 5,261 265,976 233,354 16 30,591,131 5,261 278,070 233,354
Note - A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution.
The Special Resolutions were as follows:
Special Resolution 13
THAT
, the terms of the proposed quarterly tender facility that, among other things, permits the Company to acquire its issued share capital from tendering shareholders, subject to certain restrictions (the “Facility”), the terms and conditions of which constituting the contract of such Facility (the “Agreement”) are set out in the Notice of Quarterly Tenders reproduced in the circular in respect of the Company dated
Special Resolution 14
TO
authorise the Company, in accordance with section 315 of the Law to make market acquisitions (as defined in the Law) of its own shares of
1. the maximum number of Ordinary Shares authorised to be purchased is 14.99
per cent. of the aggregate Ordinary Shares (excluding treasury shares in
issue) on the date on which this resolution is passed;
2. the minimum price (exclusive of expenses) which may be paid for an Ordinary
Share shall be £0.01 per Ordinary Share;
3. the maximum price (exclusive of expenses) which may be paid for an Ordinary
Share shall be the higher of (i) 105 per cent. of the average of the middle
market quotations (as derived from the Daily Official List) for the
Ordinary Shares for the five business days immediately preceding the date
of acquisition and (ii) the higher of the last independent trade and the
highest current independent bid on the trading venue on which the purchase
is carried out; and
4. unless previously varied, revoked or renewed, the authority hereby
conferred shall expire on 31 December 2025 or, if earlier, at the
conclusion of the next annual general meeting of the Company to be held in
2025, save that the Company may, prior to such expiry, enter into a
contract to acquire Ordinary Shares under such authority and may make an
acquisition of Ordinary Shares pursuant to any such contract.
Extraordinary Resolution 15
THAT the Directors of the Company be and they are hereby generally empowered, to allot and issue, to grant rights to subscribe for, or to convert and make offers or agreements to allot and issue equity securities (as defined in Article 6.1 of the Articles) for cash as if the pre-emption rights contained in the Articles in respect of such equity securities did not apply to any such allotment and issuance, provided that this power shall be limited so that it:
1. expires at the conclusion of the next annual general meeting of the Company
after the passing of this resolution or on the expiry of 15 months from the
passing of this resolution, whichever is the earlier, save that the Company
may, before such expiry, make an offer or agreement which would or might
require equity securities to be allotted and issued after such expiry and
the Directors may allot and issue equity securities in pursuance of any
such offer or agreement as if the power conferred hereby had not expired;
and
2. shall be limited to the allotment and issuance of equity securities up to
an aggregate nominal value of £251,574 being approximately 10 per cent of
the nominal value of the issued share capital of the Company, as at 9 July
2024 , and representing 25,157,433 Ordinary Shares.
Extraordinary Resolution 16
THAT conditional on extraordinary resolution 14 above having been passed, the Directors of the Company be and they are hereby generally empowered, in addition to and without prejudice to the power granted by extraordinary resolution 14 above, to allot and issue, to grant rights to subscribe for, or to convert and make offers or agreements to allot and issue equity securities (as detailed in Article 6.1 of the Articles) for cash as if the pre-emption rights contained in the Articles in respect of such equity securities did not apply to any such allotment and issuance, provided that this power shall be limited so that it:
1. expires at the conclusion of the next annual general meeting of the Company
after the passing of this resolution or on the expiry of 15 months from the
passing of this resolution, whichever is the earlier, save that the Company
may, before such expiry, make an offer or agreement which would or might
require equity securities to be allotted and issued after such expiry and
the Directors may allot and issue equity securities in pursuance of any
such offer or agreement as if the power conferred hereby had not expired;
and
2. shall be limited to the allotment and issuance of additional equity
securities up to an aggregate nominal value of £251,574 being approximately
10 per cent of the nominal value of the issued share capital of the
Company, as at 9 July 2024 , and representing 25,157,433 Ordinary Shares.
Enquiries:
The Company Secretary
Trafalgar Court
Les Banques
Guernsey
GY1 3QL
Tel: 01481 745001
END
