28th Sep 2009 15:18
ASHMORE GLOBAL OPPPORTUNTIES LIMITED
28 September 2009
Results of AGM
At the Annual General Meeting held on 28 September 2009, the following Special Resolutions were passed;
"To authorise the Company, in accordance with Section 315 of the Companies (Guernsey) Law 2008, as amended, to make market acquisitions of fully paid Shares, provided that unless a tender offer is made to all holders of a class of Shares, the maximum number of Shares authorised to be purchased shall be 14.99 per cent. of each class of Shares in issue immediately following the conclusion of the Offer. Further to such authority, the price (exclusive of expenses) that may be paid will not be more than the higher of (a) 105% above the average of the middle market quotations for the Shares for the five business days before the purchase is made; and (b) the higher of the last independent trade and the highest current independent bid of the London Stock Exchange. This authority shall expire at the conclusion of the Annual General Meeting of the Company in 2010 unless such authority is renewed prior to such time. The making and timing of any acquisitions will be at the absolute discretion of the Board. Such purchases will only be made in accordance with the Companies (Guernsey) Law, 2008, as amended, and the Listing Rules."
and;
"That the regulations contained in the document produced to the meeting marked "XXX" for the purposes of identification, be and is hereby approved and adopted as the new Articles of Incorporation in substitution for and to the exclusion of the existing Articles of Association of the Company."
The Company Secretary also reported that the Accounts for the Company for the year ended 31 December 2009 will be approved at the Third Annual General Meeting of the Company to be held in 2010.
Mr Nigel de la Rue was re-elected to the Board in accordance with Section 15.2.13AR of the London Stock Exchange Listing Rules as stated in the Notice of the Meeting however it was also noted that he was re-elected in accordance with Article 18.3 of the Memorandum and Articles of Association of the Company to fulfil the rotation of Directors requirement.
Mr John Roper was re-elected to the Board in accordance with Section 15.2.13AR of the London Stock Exchange Listing Rules as stated in the Notice of the Meeting however it was also noted that he was re-elected in accordance with Article 18.3 of the Memorandum and Articles of Association of the Company to fulfil the rotation of Directors requirement.
Mr Graeme Dell was re-elected to the Board in accordance with Section 15.2.13AR of the London Stock Exchange Listing Rules as stated in the Notice of the Meeting however it was also noted that he was re-elected in accordance with Article 18.2 of the Memorandum and Articles of Association of the Company.
All other Ordinary Resolutions were duly passed.
Enquiries
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Ltd
Trafalgar Court
Les Banques
GY1 3QL
Tel: 01481 745442
Fax: 01481 745085
Related Shares:
AGOL.L