Invesco Bond Income Plus Ltd - Result of AGM

PR Newswire

London, June 22

Invesco Bond Income Plus Limited

Result of AGM

Result of the Annual General Meeting of Invesco Bond Income Plus Limited held on 22 June 2021:

Shareholders approved the following resolutions on a poll:

Resolution Votes For (including votes at the discretion of the Chairman Votes Against Votes Withheld
1 30,745,217 99.84 50,411 0.16 67,230
2 30,399,762 99.48 158,769 0.52 304,327
3 30,840,811 99.98 5,757 0.02 16,290
4 30,646,418 99.59 126,216 0.41 90,224
5 30,717,736 99.8 62,740 0.2 82,382
6 30,627,429 99.67 101,759 0.33 133,670
7 30,632,408 99.62 115,934 0.38 114,516
8* Withdrawn Withdrawn Withdrawn
9 30,632,529 99.64 109,495 0.36 120,834
10 30,614,050 99.64 109,750 0.36 139,058
11 30,554,597 99.55 137,325 0.45 170,936
12 30,556,255 99.26 226,464 0.74 80,139
13 30,731,699 99.71 87,872 0.29 43,287
14 30,545,131 99.19 250,867 0.81 66,860

* Resolution 8 was withdrawn as Mr McMaster was no longer eligible for re-election.

Total Voting Rights were 168,577,596.

The full text of the resolutions passed was as follows:

Ordinary Resolutions:

1. To receive the annual financial report for the year ended 31 December 2020.

2. To approve the Report on Directors’ Remuneration and Interests.

3. To approve the Company’s Dividend Payment Policy to pay four quarterly dividends to shareholders in May, August, November and February in respect of each accounting year.

4. To re-appoint PricewaterhouseCoopers CI LLP as the Company’s auditor.

5. To authorise the Audit Committee to determine the remuneration of the auditor.

6. To re-elect Mr Tim Scholefield a Director of the Company.

7. To re-elect Ms Heather MacCallum a Director of the Company.

8. This Resolution was withdrawn.

9. To elect Ms Caroline Dutot a Director of the Company.

10. to elect Mr Tom Quigley a Director of the Company.

Special Business:

Ordinary Resolution

11. THAT, in accordance with Article 158 of the Company’s Articles of Association, the Directors of the Company be and they are hereby released from their obligation pursuant to such Article to convene a general meeting of the Company within six months of the AGM at which a special resolution would be proposed to wind up the Company.

Special Resolutions

12. THAT, pursuant to Article 14.1 of the Company’s Articles of Association, the Directors be and are hereby empowered to issue shares, up to 10% of the existing shares in issue at the time of the AGM, without pre-emption.

13. THAT, pursuant to Article 8.2 of the Company’s Articles of Association and Article 57 of the Companies (Jersey) Law 1991 as amended (the Law), the Company be generally and unconditionally authorised:

(a) to make purchases of its issued ordinary shares of no par value (Shares) to be cancelled or held as treasury shares provided that:

(i) the maximum number of Shares hereby authorised to be purchased shall be 14.99% of the Company’s issued ordinary shares, this being 15,251,006;

(ii) the minimum price which may be paid for a Share is 1p;

(iii) the maximum price which may be paid for a share must not be more than the higher of:

        (i) 5 per cent. above the average of the mid-market values of the Shares for the five business days before the purchase is made; and

        (ii) the higher of the price of the last independent trade in the shares and the highest then current independent bid for the Shares on the London Stock Exchange;

(iv) any purchase of shares will be made in the market for cash prices below the prevailing net asset value per share (as determined by the Directors);

(v) the authority hereby conferred shall expire on the earlier of the conclusion of the next AGM of the Company held after passing of this resolution or 15 months from the date of the passing of this resolution, whichever is the earlier.

14. THAT, the period of notice required for general meetings of the Company (other than AGMs) shall not be less than 14 days.


22 June 2021

Contact:

Hilary Jones
JTC Fund Solutions (Jersey) Limited
Telephone: 01534 700000