27th Jun 2007 17:10
Prodesse Investment Limited27 June 2007 27 June 2007 Prodesse Investment Limited Result of AGM The Board of Prodesse Investment Limited (the "Company") announces the resultsof the resolutions put to the Annual General Meeting of the Company held today,27 June 2007. All resolutions with the exception of resolution 6 were passed bythe shareholders. The Chairman, John Hallam, made the following statement at the AGM: "2006 was a year of transition in the US Financial Markets and the Directors arepleased with the way in which the Company managed its position throughout thischallenging period. Consistent with the strategy of Prodesse, and in line withthe execution of the tap issue in March of this year, the board is keeping underactive consideration opportunities to raise additional capital as marketconditions develop." Details of proxy voting on the resolutions were as follows: Total Votes Total Votes For Against (%) (%)Ordinary Resolution 1. To adopt the annual accounts and 22,798,441 444,602 the reports of the Directors andAuditors for the year ended 31December 2006 2. To re-appoint Deloitte & Touche LLP 25,808,907 -as auditors of the company untilthe conclusion of the next Generalmeeting of the company and toauthorise the Directors to determinethe remuneration of the Auditors. 3. To re-appoint Ronald Kazel who has 14,903,388 11,715,519retired in accordance with Article81 and offers himself forre-appointment. 4. To re-appoint Chris Fish who has 25,808,907 -retired in accordance with Article81 and offers himself forre-appointment. Special Resolution 5. To allow the Directors to make 25,808,907 -market purchases of ordinaryshares. 6. To amend the Company's Article of 15,929,205 9,879,702Association to allow sharesRepurchased by the company to heldas Treasury Shares. 7. To amend the Company's Articles of 19,530,525 6,278,382Association, to incorporate certainprovisions of the Disclosure andTransparency rules made by the UKLA. A copy of the resolutions passed at the Annual General Meeting have beensubmitted to the Financial Services Authority and will shortly be available forinspection at the Financial Services Authority Document Viewing Facility, whichis situated at: Financial Services Authority25 The North ColonadeCanary WhalfLondonE14 5HS Contact: RBSI Fund Service (Guernsey) Limited 01481 743000Sara Radford/Paul Smith This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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