UK MORTGAGES
LIMITED
(a closed-ended
investment company incorporated in Guernsey with registration
number 60440)
LEI Number:
549300388LT7VTHCIT59
(“the Company”)
3 November 2017
NOTICE OF ANNUAL
GENERAL MEETING
Notice is hereby given that the Second Annual General Meeting of
the Company will be held at the offices of Northern Trust
International Fund Administration Services (Guernsey) Limited,
Trafalgar Court, Les Banques, St Peter Port, Guernsey, GY1 3QL on
4 December 2017 at 9.30am.
In addition to the ordinary resolutions, the Company is
proposing two extraordinary resolutions seeking Shareholders’
consent to disapply pre-emption rights in respect of potential
issues of new Ordinary Shares equivalent to an aggregate 20% of the
number of existing Ordinary Shares.
Ordinary Shares issued (or sold from treasury) pursuant to these
disapplications would not be issued at a price that is less than
the prevailing net asset value per Ordinary Share.
The Board believes that it is appropriate to seek this aggregate
20% authority as it would provide enhanced flexibility for the
Company to execute attractive investment opportunities sourced by
the portfolio manager without having to convene an EGM. It would
also bring the authority into line with the UKLA Prospectus Rules,
which were recently amended to enable companies to the issue new
shares without issuing a prospectus, provided that such new shares
represent, over a period of 12 months, less than 20% of the shares
already admitted to trading.
Copies of the Notice of the Annual General Meeting and the
Annual Report and Audited Consolidated Financial Statements for the
period ending 30 June 2017 are
available to view on the Company's website at
https://twentyfouram.com/funds/uk-mortgages-fund/fund-literature/.
In accordance with Listing Rule 9.6.3, the documents have also
been submitted to the National Storage Mechanism and will shortly
be available for inspection at: www.morningstar.co.uk/uk/NSM.
Enquiries:
Numis Securities Limited, Corporate Broker
Hugh Jonathan
Nathan Brown
Tel: 020 7260
1000
Northern Trust International Fund Administration Services
(Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481
745189
END