Chrysalis Investments : Results of AGM & EGM 2024

The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area (other than to professional investors in the Republic of Ireland), Canada, Australia, Japan or the Republic of South Africa.

15 March 2024

Chrysalis Investments Limited ("Chrysalis" or the "Company")

Result of Annual General Meeting & Extraordinary General Meeting

The Company is pleased to announce that at the Annual General Meeting and Extraordinary General Meeting held earlier today, all resolutions were duly passed.

Andrew Haining, Chairman of Chrysalis commented: "I would like to thank our shareholders for the overwhelming support that they have shown for the continuation of Chrysalis and their vote of confidence in the management, strategy, and vision of the Company.

Chrysalis was established to offer investors access to the most innovative, disruptive and fast-growing private companies that were choosing to stay private for longer. In recent years, that trend has accelerated with fewer companies coming to the public market and growth companies largely continuing their high-growth development as private companies. The fact that 97% of those shareholders who voted did so in favour of continuing the Company firmly validates Chrysalis' investment proposition and confirms shareholder recognition of the significant opportunities and value that our exciting portfolio is set to deliver.

The new management agreement and the spin-out of the team from Jupiter to a new entity has been endorsed by the board, and there was resounding support from our shareholders for the new performance fee structure with 99% of the votes in favour. We are delighted to have been able to reassure shareholders of the managers' unwavering commitment to the Company and their alignment of interest.

During a period of rising interest rates and a shift from growth to value, the managers have worked hard to ensure that our investments are well funded and on a path to profitability. As a result, we now have a portfolio of increasingly profitable businesses that are performing well and which we believe are conservatively valued.

We believe that the prospects for the Company are excellent, and that the opportunity remains to generate significant value as the market recovers, we begin to realise gains on the portfolio, and our plan to return capital to shareholders kicks in. With a robust capital allocation policy and governance structures in place, a continued focus on profitability, and a portfolio poised for growth, we look forward to a promising future for Chrysalis."

Chrysalis Investments Limited announces the results of voting on the resolutions at its Annual General Meeting ("AGM") held at 11:00 hrs on Friday, 15 March 2024.

A poll was held on each resolution and all resolutions were passed by the required majority.

		FOR		AGAINST		TOTAL VOTES	VOTES
								WITHHELD*
ORDINARY RESOLUTIONS
		Votes	%	Votes		%
1.	That the Company	380,979,806	97.09	11,427,283		2.91	392,407,089	17,732
	continues its
	business as a closed-
	ended investment
	company.
2.	To receive the	392,347,339	99.99	42,098		0.01	392,389,437	35,385
	Company's Financial
	Report and Audited
	Financial Statements

	for the period from
	1 October 2022 to
	30 September 2023.
3.	To re-appoint KPMG	363,137,387	92.54	29,254,664	7.46	392,392,051	32,771
	Channel Islands
	Limited as auditor to
	the Company (the
	"Auditor") until the
	conclusion of the
	next general
	meeting at which
	accounts are laid
	before the
	Company.
4.	To authorise the	363,228,233	92.57	29,159,073	7.43	392,387,306	37,516
	directors of the
	Company (the
	"Directors") to
	determine the
	remuneration of the
	Auditor.
5.	To approve the	391,667,459	99.82	696,578	0.18	392,364,037	60,785
	report of the
	Remuneration and
	Nomination
	Committee for the
	year ended 30
	September 2023.
6.	To re-elect Mr	375,331,991	95.65	17,062,672	4.35	392,394,663	30,158
	Andrew Haining as a
	Director of the
	Company who
	retires by rotation in
	accordance with
	Article 23.5 of the
	Articles.
7.	To re-elect Mr	392,101,706	99.92	294,873	0.08	392,396,579	28,243
	Stephen Coe as a
	Director of the
	Company who
	retires by rotation in
	accordance with
	Article 23.5 of the
	Articles.
8.	To re-elect Mrs Anne	379,484,011	96.71	12,908,568	3.29	392,392,579	32,243
	Ewing as a Director
	of the Company who
	retires by rotation in
	accordance with
	Article 23.5 of the
	Articles.
9.	To re-elect Mr Tim	389,028,757	99.14	3,367,822	0.86	392,396,579	28,243
	Cruttenden as a
	Director of the
	Company who
	retires by rotation in
	accordance with
	Article 23.5 of the
	Articles.

10. To re-elect Mr Simon	389,741,817	99.32	2,654,761		0.68	392,396,578	28,243
	Holden as a Director
	of the Company who
	retires by rotation in
	accordance with
	Article 23.5 of the
	Articles.
11.	To elect Ms	388,968,843	99.14	3,377,736		0.86	392,346,579	28,243
	Margaret O'Connor
	as a Director of the
	Company in
	accordance with
	Article 21.5 of the
	Articles.
12.	To approve the	390,348,917	99.48	2,057,181		0.52	392,406,098	18,724
	Company's dividend
	policy and authorise
	the directors to
	declare and pay all
	dividends of the
	company as interim
	dividends
		FOR		AGAINST		TOTAL VOTES	VOTES
								WITHHELD*
SPECIAL RESOLUTIONS
		Votes	%	Votes		%
13.	To authorise the	389,167,160	99.19	3,177,531		0.81	392,344,691	80,130
	Company to allot
	and issue or make
	offers or agreements
	to allot and issue,
	grant rights to
	subscribe for, or to
	convert any
	securities into
	ordinary shares of
	no-par value,
	including by way of
	sale of ordinary
	share from treasury
	for cash up to the
	aggregate number of
	119,030,082
	ordinary shares
	(being 20 per cent.
	Of the ordinary
	shares in issue as at
	26 January 2024)
14.	To authorise the	392,017,396	99.90	389,586		0.10	392,406,982	17,840
	company to make
	market acquisitions
	of its own ordinary
	shares, either for
	cancellation or to
	hold as treasury
	shares for future
	resale or transfer

Result of Extraordinary General Meeting

Chrysalis Investments Limited announces the results of voting at the Extraordinary General Meeting ("EGM") held at 11:30 hrs on Friday, 15 March 2024.

	FOR		AGAINST		TOTAL VOTES	VOTES
							WITHHELD*
SPECIAL RESOLUTIONS
	Votes	%	Votes		%
1. Approval of a	380,736,102	99.35	2,499,704		0.65	383,235,806	83,726
related party
transaction.
That the proposed
related party
transaction relating
to the
implementation of
the performance fee
terms contained in
the investment
management and
advisory agreement
on the terms
summarised in part
3 (letter from the
chairman) of the
circular (as defined
below), be and is
hereby approved for
the purposes of
chapter 11 of the
listing rules and the
directors of the
company be and are
hereby authorised to
do all such acts and
things and execute
all such documents
as they may in their
absolute discretion
consider necessary
and/or desirable in
order to implement
and complete the
related party
transaction.

*A 'vote withheld' is not a vote in law and is not counted towards the proportion of votes 'for' and 'against' a resolution.

As at the date of the AGM and EGM, the number of ordinary shares in issue, and therefore the total number of voting rights was 595,150,414.

END

Copies of all the resolutions passed, other than ordinary business, have been submitted to the National Storage Mechanism and will soon be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information, please contact
Media
Montfort Communications	[phone]
Charlotte McMullen / Toto Reissland /	[e-mail]
Lesley Kezhu Wang
Jupiter Asset Management:	[phone]
James Simpson
Liberum:	[phone]
Chris Clarke / Darren Vickers / Owen Matthews
Deutsche Numis:	[phone]
Nathan Brown / Matt Goss
Apex Administration (Guernsey) Limited:	[phone]
Chris Bougourd

LEI: 213800F9SQ753JQHSW24

A copy of this announcement will be available on the Company's website at https://www.chrysalisinvestments.co.uk

The information contained in this announcement regarding the Company's investments has been provided by the relevant underlying portfolio company and has not been independently verified by the Company. The information contained herein is unaudited.

This announcement is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.