21st Dec 2009 16:12
21 December 2009
Prodesse Investment Limited
Result of EGM
The Board of Prodesse Investment Limited (the "Company") announces that all the resolutions proposed in the shareholder circular dated 23 November 2009 relating to the winding-down of the Company's activities and put to the Extraordinary General Meeting of the Company held today, 21 December 2009, were duly passed by the shareholders of the Company.
The Chairman of Prodesse, John Hallam, made the following statement shortly following the results.
"This EGM essentially brought forward the continuation vote of Prodesse that had been scheduled for next summer. Shareholders have voted to approve the resolutions as recommended by the Board of Directors, and it is now the Company's mandate to proceed with an orderly realization of its assets. The Company intends to continue to calculate monthly net asset value and to make quarterly distributions of income until such time as the realization is complete, and to keep shareholders apprised of its progress. We want to thank Prodesse's shareholders for their support and look forward to continuing our communication as we work toward a successful resolution of the Company. "
Voting Results
The total number of shares voted was 27,225,628, representing 87.9% of the issued share capital.
|
Resolutions |
For |
Against |
Discretion |
|
|
1. |
Ordinary Resolution THAT the directors of the Company be authorised to commence a programme of realisation of the Company's assets and that the investment policy of the Company be amended as described in the circular to shareholders of the Company dated 23 November 2009. |
27,224,128 |
1,500 |
0 |
|
2. |
Special Resolution THAT Article 149(A) of the Articles of Incorporation of the Company be amended by the deletion of the words "falling in the calendar year 2010" and the substitution therefore of the words "falling in the calendar year 2015". |
18,305,026 |
1,000 |
0 |
Enquiries:
Financial Dynamics
Rob Bailhache / Nick Henderson
07771 565 659 / 07870 660 383
BNP Paribas Fund Services (Guernsey) Limited:
Sara Bourne / Jean McMillan 01481 750850
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