Sequoia Economic Infrastructure Income Fund : Result of EGM

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Sequoia Economic Infra Inc Fd Ld - SEQI Result of EGM Released 14:52 25-Feb-2020

RNS Number : 0928E

Sequoia Economic Infra Inc Fd Ld

25 February 2020

25 February 2020

Sequoia Economic Infrastructure Income Fund Limited ('SEQI' or the 'Company')

Result of Extraordinary General Meeting

The Board of SEQI, the specialist investor in economic infrastructure debt, is pleased to announce that, at the Extraordinary General Meeting of the Company held earlier today, all of the proposed resolutions were approved by shareholders on a poll.

Defined terms have the meaning given to them in the circular to shareholders published by the Company on 10 February 2020 ('Circular').

The number of Shares voted in person or by proxy on the resolutions, the first two of which were proposed as special resolutions and the third was proposed as an ordinary resolution, was as follows:

Special Resolutions

1. THAT the Directors be and are hereby authorised to allot and issue (or sell from treasury) equity securities (within the meaning of the Articles) for cash, as if Article 5.1 of the Articles did not apply to any such allotment and issue, of up to 223,214,285 Ordinary Shares for the purposes of the Initial Issue, as described in the Circular.

847,105,715 votes were in favour of the resolution (100% of votes cast) and 35,406 votes were against (0% of votes cast). No votes were withheld.

2. THAT the Directors be and are hereby authorised to allot and issue (or sell from treasury) equity securities (within the meaning of the Articles) for cash, as if Article 5.1 of the Articles did not apply to any such allotment and issue, of up to 300,000,000 Ordinary Shares for the purposes of the Share Issuance Programme provided that (i) up to 44,642,857 of such Ordinary Shares may be allocated by the Directors to the Initial Issue, as described in the Circular.

840,676,114 votes were in favour of the resolution (99.24% of votes cast) and 6,465,007 votes were against (0.76% of votes cast). No votes were withheld.

Ordinary Resolution

3. THAT in accordance with Article 31A of the current Articles of Incorporation of the Company, the Directors be and are hereby authorised to offer any holders of Ordinary Shares (excluding any member holding Ordinary Shares as treasury shares) the right to elect to receive Ordinary Shares credited as fully paid, instead of cash in respect of the whole (or some part to be determined by the Directors) of all or any individuals declared or paid during the period from the date hereof and ending prior to the date of the annual general meeting of the Company to be held in 2022, on such terms as the Directors may determine.

847,126,569 votes were in favour of the resolution (100% of votes cast) and 14,206 votes were against (0% of votes cast). No votes were withheld.

For further information:
Sequoia Investment Management Company	[phone]
Steve Cook Dolf Kohnhorst Randall Sandstrom Greg Taylor Anurag Gupta
Jefferies International Limited	[phone]
Gary Gould Stuart Klein
Tulchan Communications (Financial PR)	[phone]
Martin Pengelley Elizabeth Snow Deborah Roney
Praxis Fund Services Limited (Company Secretary)	[phone]
Matt Falla Katrina Rowe

About Sequoia Economic Infrastructure Income Fund Limited

The Company is a Guernsey registered closed-ended investment company that seeks to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments. The Company is advised by Sequoia Investment Management Company Limited.

LEI: 2138006OW12FQHJ6PX91

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Result of EGM - RNS