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1. ORDINARY RESOLUTION
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Report and Accounts
To receive and consider the audited accounts, the Directors' report and the Auditors'
report for the year ended 31 March 2016.
The Chairman reported that the following votes had been received:
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For
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590,462,564
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98.10
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Against
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11,463,821
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1.90
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Withheld
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22,570
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED that the audited accounts, the Directors'
report and the Auditors' report for the year ended 31 March 2016 be received and adopted.
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2. ORDINARY RESOLUTION
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Re-election of Director
To re-elect Sarah Evans as a Director
The Chairman reported that the following votes had been received:
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For
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601,856,064
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99.99
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Against
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58,152
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0.01
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Withheld
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42,909
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED that Sarah Evans be re-elected as a
Director.
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3. ORDINARY RESOLUTION
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Re-election of Director
To re-elect Sally-Ann Farnon as a Director.
The Chairman reported that the following votes had been received:
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For
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601,912,555
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100.00
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Against
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1,661
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0.00
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Withheld
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42,909
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED that Sally-Ann Farnon be re-elected as a
Director.
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4. ORDINARY RESOLUTION
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Re-election of Director
To re-elect Frank Nelson as a Director.
The Chairman reported that the following votes had been received:
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For
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601,914,216
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100.00
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Against
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0
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0.00
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Withheld
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42,909
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED that Frank Nelson be re-elected as a
Director.
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5. ORDINARY RESOLUTION
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Election of Director
To re-elect Christopher Russell as a Director.
The Chairman reported that the following votes had been received:
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For
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601,857,725
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99.99
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Against
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56,491
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0.01
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Withheld
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42,909
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED that Christopher
Russell be re-elected as a Director.
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6. ORDINARY RESOLUTION
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Re-election of Director
To re-elect Ian Russell as a Director.
The Chairman reported that the following votes had been received:
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For
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601,905,246
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100.00
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Against
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8,970
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0.00
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Withheld
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42,909
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED that Ian Russell be re-elected as a
Director.
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7. ORDINARY RESOLUTION
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Re-election of Director
To elect Simon Holden as a Director.
The Chairman reported that the following votes had been received:
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For
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601,900,026
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100.00
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Against
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1,500
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0.00
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Withheld
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42,909
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED that Simon Holden be elected as a
Director.
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8. ORDINARY RESOLUTION
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Directors Remuneration
To approve the Directors' Remuneration Report (as set out in the Annual Report) including
the proposed remuneration payable for the year ending 31 March 2017.
The Chairman reported that the following votes had been received:
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For
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590,412,236
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98.09
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Against
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11,519,963
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1.91
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Withheld
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29,418
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED to approve the Directors' Remuneration Report
(as set out in the Annual Report) including the proposed remuneration payable for the year ending 31 March 2017, as set
out in the Annual Report.
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9. ORDINARY RESOLUTION
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Re-appointment of Auditors
That KPMG Channel Islands Limited be re-appointed as auditors of the Company.
The Chairman reported that the following votes had been received:
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For
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590,547,964
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98.11
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Against
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11,382,046
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1.89
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Withheld
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30,554
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED that KPMG Channel Islands Limited be
re-appointed as auditors of the Company.
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10. ORDINARY RESOLUTION
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Remuneration of Auditors
That the Directors be authorised to agree the remuneration of the auditors.
The Chairman reported that the following votes had been received:
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For
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601,928,876
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100.00
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Against
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29,864
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0.00
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Withheld
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1,824
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED that the Directors be authorised to agree the
remuneration of the auditors.
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SPECIAL BUSINESS
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11. ORDINARY RESOLUTION
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Dividend option
That the Board may, in respect of dividends declared for any financial period or periods
of the Company ending prior to the next annual general meeting of the Company, offer shareholders the right to elect to
receive further shares, credited as fully paid, in respect of all or any part of such dividend or dividends declared in
respect of any such financial period or periods.
The Chairman reported that the following votes had been received:
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For
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601,913,993
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100.00
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Against
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25,713
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0.00
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Withheld
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11,475
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IT WAS RESOLVED that the Board may, in
respect of dividends declared for any
financial period or periods of the Company ending prior to the next annual general meeting
of the Company, offer shareholders the right to elect to receive further shares, credited as fully paid, in respect of
all or any part of such dividend or dividends declared in respect of any such
financial period or periods.
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12. ORDINARY RESOLUTION
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Market acquisitions
To authorise the Company to make market acquisitions of up to 14.99 per cent. of its own
issued Ordinary Shares and to make or arrange tender offers for up to 15 per cent. of its
own issued Ordinary Shares.
The Chairman reported that the following votes had been received:
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For
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601,833,118
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99.98
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Against
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108,183
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0.02
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Withheld
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22,570
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IT WAS RESOLVED to authorise the Company to make market
acquisitions of up to 14.99 per cent. of its own issued Ordinary Shares and to make or arrange tender offers for up to 15
per cent. of its own issued Ordinary Shares.
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13. SPECIAL RESOLUTION
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Waiver of pre-emption
To re-approve the partial disapplication of the pre-emption rights under Article 9 of the
Company's Articles of Incorporation, which was approved at the AGM held on 21 July 2015, thereby giving the Directors the
power to allot and issue up to 10.0 per cent. of the Ordinary Shares at a premium to current net asset value per share by
way of tap.
The Chairman advised that the following votes had been received:
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For
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600,973,885
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99.85
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Against
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932,434
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0.15
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Withheld
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55,552
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED to re-approve the partial disapplication of the
pre-emption rights under Article 9 of the Company's Articles of Incorporation, which was approved at the AGM held on 21
July 2015, thereby giving the Directors the power to allot and issue up to 10.0 per cent. of the Ordinary Shares at a
premium to current net asset value per share by way of tap.
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14. SPECIAL RESOLUTION
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Adoption of new Articles
To adopt the new Articles of Incorporation of the Company in substitution for and to the
exclusion of the existing Articles of Incorporation of the Company.
The Chairman advised that the following votes had been received:
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For
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558,961,916
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95.21
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Against
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28,131,500
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4.79
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Withheld
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14,868,455
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The Chairman noted that a vote Withheld is not a vote in law and had not been counted in
the calculation of the proportion of the votes for or against a resolution.
IT WAS RESOLVED to adopt the new Articles of Incorporation of
the Company in substitution for and to the exclusion of the existing Articles of Incorporation of the Company.
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