Northern Investors Company PLC.
Result of General Meeting
NORTHERN INVESTORS COMPANY PLC ("the Company")
RESULT OF GENERAL MEETING
The Company announces that at the general meeting held on 21 July 2011 all of the resolutions set out in the notice of meeting were duly passed by shareholders.
Resolutions 1, 3 and 4 were duly passed on a show of hands and details of proxy voting on these resolutions are as follows:
|1||That the proposed new investment objective and policy of the Company set out in the circular to Shareholders dated 24 June 2011 be adopted as the investment objective and policy of the Company with immediate effect and the existing investment objective and policy be and his hereby replaced||14,176,831||107,657||69,562||95,437|
|3|| That, conditional upon the passing of Resolution 1 the Articles of the Company be amended by:|
(a) deleting Article 147 and 148 of the Company's Articles; and
(b) adding the wording "otherwise than by way of the redemption or purchase of any of the Company's own shares in accordance with Chapter 3 or 4 of Part 18 of the Act" at the end of the fifth sentence of Article 122
|4||That the share premium account of the Company be cancelled||14,278,569||107,657||40,289||22,972|
Resolution 2 was duly passed on a poll vote and the results are as follows:
|No||Resolution||For||Against||Voted total||% of issued share capital||Vote|
|2||That conditional upon the passing of Resolution 1, the amendments to the Investment Management Agreement described in the Circular be and are hereby approved and the Company be and is authorised to enter into the Side Letter on such terms as the Directors think fit||8,339,590||7,216,123||15,555,713||80.20%||278,470|
Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
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Source: Northern Investors Co PLC via Thomson Reuters ONE