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India Capital Growth Fund Limited
12 June 2020
INDIA CAPITAL GROWTH FUND LIMITED
Results of general meeting - all resolutions passed
India Capital Growth Fund Limited (the "Company") announces the results of the General Meeting the details of which were set out in the circular to Shareholders published by the Company on 26 May 2020 (the "Circular"). Each of the resolutions proposed in the Circular were duly passed on a poll as follows:
|
|
For |
Against |
Abstain |
% in favour |
|
|
|
|
|
|
|
|
|
Ordinary Resolution 1 |
56,061,682 |
4,288,686 |
16,739 |
92.9 |
|
|
Ordinary Resolution 2 |
58,478,459 |
1,876,127 |
12,521 |
96.9 |
|
|
Special Resolution 3 |
56,538,353 |
3,794,691 |
34,063 |
93.7 |
|
|
Special Resolution 4 |
58,419,582 |
1,914,686 |
32,839 |
96.8 |
|
|
Special Resolution 5 |
58,915,415 |
1,439,171 |
12,521 |
97.6 |
|
|
|
|
|
|
|
|
As a result, the proposals referred to in the Circular, including the introduction of the redemption facility and the reduction of the investment manager's fee from 1 July 2020, will now be implemented. The first date at which shareholders will be able to request the redemption of some or all of their shares will be 31 December 2020, with a record date of 30 September 2020.
Elisabeth Scott, Chairman of India Capital Growth Fund, said:
"Shareholders have entrusted us with the opportunity to move ahead with the new measures including those to improve performance. The continuation of India Capital Growth will ensure investors have exposure to mid and small-cap Indian equities, which are currently trading close to their historic lows."
ENDS
ENQUIRIES:
William Clutterbuck
Maitland/AMO
+44 7785 292617
David Cornell
Ocean Dial Asset Management
+44 20 7068 9870
Robert Finlay
Henry Willcocks
Fiona Conroy
Shore Capital
+44 20 7408 4090
Nick Robilliard
Apex Fund and Corporate Services (Guernsey) Limited
+44 1481 735827
About India Capital Growth Fund
India Capital Growth Fund Limited ('ICGF'), the LSE premium listed investment company registered and incorporated in Guernsey was established to take advantage of long-term investment opportunities in companies based in India. ICGF predominantly invests in listed mid and small-cap companies, although investments may also be made in large cap and private Indian companies where the investment manager believes long-term capital appreciation will be achieved. www.indiacapitalgrowth.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
