REINET INVESTMENTS S.C.A. COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE
24 JANUARY 2020
REINET EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS APPROVES REVISIONS TO THE TERMS OF THE PROSPECTUS
An Extraordinary General Meeting (the 'Meeting') of Reinet Investments S.C.A. (the 'Company') was held in Luxembourg today to approve proposed revisions to the investment guidelines of Reinet Fund S.C.A., F.I.S. ('Reinet Fund'), which were originally described in the prospectus of the Company issued at the time of the reorganisation of the Company and the listing of its shares in 2008 and subsequently amended in 2012 with the approval of a general meeting of shareholders of the Company.
The Meeting also considered the deletion of the paragraph "Limits on Illiquid Securities" restricting investments in illiquid securities to no more than 50 per cent of the net assets of Reinet Fund.
At the Meeting, a total of 137 729 895 ordinary shares and all the 1 000 management shares were present or represented by proxy, representing 74.74% of the total voting rights at the record date (10 January 2020) of 184 290 891, being the total shares in issue (195 942 286) less the treasury shares (11 651 395), the voting rights attached to which are suspended. Of the shares present or represented, 99.97% voted in support of the two proposed resolutions relating to i) the amendment of the investment guidelines and ii) the removal of the limits on illiquid securities.
Commenting on the outcome of the meeting, Mr van Zyl, who acted as the Chairman of the Meeting, said:
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"Our philosophy is to find and invest in assets that offer long-term growth potential. It is therefore important that Reinet have the flexibility to manage the size of and further investment in certain key investments, which will remain a feature of the portfolio. Having obtained shareholder approval at today's Meeting allows Reinet Fund to expand its exposure to certain key assets as required, which will be in the long term interest of the Company's shareholders. We thank shareholders for their strong support in this regard."
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Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.
Website: www.reinet/investor-relations/company-announcements.html
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