![]()
Orchard Funds Limited AGM Voting Results
22 December 2011
The Annual General Meeting, including the resolution to approve the Sale of Orchard Capital Investments Limited (OCIL) was held this morning.
The results of the Resolutions are shown below:
Resolution
|
% in favour of votes cast
|
1. Election of Mr Curtis Roberts as a director of Orchard |
99.80
|
2. Election of Mr Henricus Sprangers as a director of Orchard |
99.80
|
3. Election of Mr David Minear as a director of Orchard |
99.80
|
4. Re-election of Mr Andrew Meakin as a director of Orchard |
98.11
|
5. Approve the OCIL Sale |
93.28
|
6. Approve the Buy Back |
99.97
|
7. Approve the amendments to OFL’s constitution |
99.97
|
8. Approve the change of company name if the OCIL Sale is approved |
99.97
|
All of the Resolutions put to the meeting were carried. Overall, approximately 68% of all shares were voted at the AGM on each proposal.
The sale of OCIL now needs to have a further condition satisfied to become unconditional, in which case it is expected to be completed on or around 30 December 2011.
Full details of the proposal are shown on our website in the Notice of Meeting dated 30 November 2011, including the proposed recapitalisation of three of the Orchard Funds.
Should you have any questions in regards to the above information, please contact Orchard Investor and Adviser Services on
1800 008 494.
Orchard Funds Limited ACN 097 125 874