Result of AGM
Updated : 14:34
D P AIRCRAFT I LIMITED ('the Company') RESULTS OF ANNUAL GENERAL MEETING ('AGM') | ||||||||||
The Board of the Company is pleased to announce that all of the resolutions put to shareholders at the AGM held on 08 July 2019 were passed. The details of each such resolution are as follows: | ||||||||||
1. ORDINARY RESOLUTION | THAT the Annual Report and Audited Consolidated Financial Statements of the Company for the year ended 31 December 2018 together with the Reports of the Directors and Auditors thereon be received and adopted.
IT WAS RESOLVED THAT Resolution 1 be and is hereby passed.
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2. ORDINARY RESOLUTION | THAT Jeremy Thompson be and is hereby re-elected as a director of the Company.
IT WAS RESOLVED THAT Resolution 2 be and is hereby passed
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3. ORDINARY RESOLUTION | THAT the appointment of KPMG Chartered Accountants, Statutory Audit Firm as Auditors of the Company for the year ending 31 December 2019 be and is hereby approved and that the Directors be authorised to fix their remuneration.
IT WAS RESOLVED THAT Resolution 3 be and is hereby passed
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4. ORDINARY RESOLUTION | To approve the director remuneration policy and the proposed annual remuneration of each Director, proposed to take effect from 1 April 2019, for routine business of the Company.
IT WAS RESOLVED THAT Resolution 4 be and is hereby passed.
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5. ORDINARY RESOLUTION | To approve the dividend policy of the Company as set out on page 3 of the Annual Report 2018.
IT WAS RESOLVED THAT Resolution 5 be and is hereby passed.
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6. ORDINARY RESOLUTION | THAT the Company be and is hereby authorised, in accordance with section 315 of the Companies (Guernsey) Law 2008, as amended (Companies Law) to make one or more market acquisitions, as defined in section 316 of the Companies Law of ordinary preference shares of no par value in the capital of the Company (Shares), provided that: (a) the maximum aggregate number of Shares authorised to be purchased is 31,379,062 Shares or, if less, the number representing an amount up to (but not including) 14.99 per cent. of the total number of issued Shares, excluding any Shares held by the Company in treasury, on the date that this resolution is passed; (b) the minimum price (exclusive of expenses) which may be paid by the Company for each Share shall be US $0.01; (c) the maximum price (exclusive of expenses) which may be paid by the Company for a Share shall be not more than 5 per cent. above the average of the mid-market quotations of a Share as derived from the London Stock Exchange for the 5 business days immediately preceding the day on which that Share is acquired; (d) such authority shall expire on the earlier of (i) the date which is 18 months from the date of the passing of this resolution and (ii) the conclusion of the next annual general meeting of the Company following the date of the passing of this resolution; and (e) notwithstanding paragraph (d), the Company may make a contract to purchase Shares under this authority before the expiry of this authority which will or may be executed wholly or partly after the expiry of this authority and may make a purchase of Shares in pursuance of any such contract after such expiry.
IT WAS RESOLVED THAT Resolution 6 be and is hereby passed.
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For further information please contact:
Aztec Financial Services (Guernsey) Limited, Company Secretary
Kellie Blondel / Laura Dunning
+44 1481 748 833
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