TIDMABR
RNS Number : 5993A
Absolute Return Trust Limited
12 October 2009
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ABSOLUTE RETURN TRUST LIMITED
(a closed-ended investment company incorporated with limited liability under the
laws of Guernsey with registered number 42733)
Result of Annual General Meeting
12 October 2009
The Board of Absolute Return Limited (the "Company") announces that all four
resolutions proposed at the Company's annual general meeting held on 17
September 2009 were passed by the required majority on a proxy count.
The proxy votes received on each resolution proposed at the annual general
meeting were as follows:
+-----+---------------------------------------+------------+----------+----------+
| | Ordinary Resolutions | For | Against | Vote |
| | | | | withheld |
+-----+---------------------------------------+------------+----------+----------+
| 1. | To re-elect Ernst & Young LLP as | 51,667,505 | 0 | 728,505 |
| | Auditors to the Company until the | | | |
| | conclusion of the next Annual General | | | |
| | Meeting. | | | |
+-----+---------------------------------------+------------+----------+----------+
| 2. | To authorise the Directors to | 51,667,505 | 0 | 728,505 |
| | determine the Auditors remuneration. | | | |
+-----+---------------------------------------+------------+----------+----------+
| 3. | To re-elect Nicholas Moss as a | 51,578,177 | 345,919 | 471,914 |
| | Director of the Company in accordance | | | |
| | with Article 84 of the Articles of | | | |
| | Incorporation of the Company. | | | |
+-----+---------------------------------------+------------+----------+----------+
| 4. | To resolve that, subject to the | 52,283,990 | 0 | 112,020 |
| | Articles of Incorporation of the | | | |
| | Company and in substitution for all | | | |
| | previous authorities, the Company be | | | |
| | generally and. Subject as hereinafter | | | |
| | appears, unconditionally authorised, | | | |
| | in accordance with The Companies | | | |
| | (Guernsey) Law, 2008, as amended, | | | |
| | (the "Law") to make market | | | |
| | acquisitions of its shares | | | |
| | ("Shares"), and to cancel such shares | | | |
| | or hold such shares as treasury | | | |
| | shares provided that: | | | |
+-----+---------------------------------------+------------+----------+----------+
| | a) the maximum number of | | | |
| | Shares hereby authorised to be | | | |
| | acquired shall be such number as | | | |
| | shall represent 14.99 per cent of | | | |
| | each class of Shares in issue on the | | | |
| | date on which this resolution is | | | |
| | passed; | | | |
| | b)the maximum price which may be paid | | | |
| | for a Share shall be the higher of | | | |
| | (a) an amount equal to 105 per cent | | | |
| | of the average of the middle market | | | |
| | quotation for a Share of the relevant | | | |
| | class taken from and calculated by | | | |
| | reference to the London Stock | | | |
| | Exchange's Daily Official List of the | | | |
| | five business days immediately | | | |
| | preceding the day on which the Shares | | | |
| | are acquired and (b) the higher of | | | |
| | the price of the last independent | | | |
| | trade and highest current independent | | | |
| | bid on the London Stock Exchange when | | | |
| | the purchase is carried out; | | | |
+-----+---------------------------------------+------------+----------+----------+
| | c)the minimum price which may be paid | | | |
| | for a Share shall be 1 cent or 1 | | | |
| | pence, as the case may be; and | | | |
+-----+---------------------------------------+------------+----------+----------+
| | d) unless previously varied, revoked | | | |
| | or renewed, the authority hereby | | | |
| | conferred shall expire at the | | | |
| | conclusion of the next Annual General | | | |
| | Meeting of the Company, save that the | | | |
| | Company may, prior to such expiry, | | | |
| | enter into a contract to acquire | | | |
| | Shares under such authority which | | | |
| | contract will or may be executed | | | |
| | wholly or partly after the expiry of | | | |
| | such authority, and may make an | | | |
| | acquisition of Shares pursuant to any | | | |
| | such contract notwithstanding such | | | |
| | expiry. | | | |
+-----+---------------------------------------+------------+----------+----------+
Enquiries:
Fraser Hiddelston
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel +1481 745 738
fah2@ntrs.com
This information is provided by RNS
The company news service from the London Stock Exchange
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