Result of AGM
Updated : 14:57
29 April 2022
BBGI Global Infrastructure S.A.
(the "Company")
Results of Annual General Meeting
BBGI Global Infrastructure S.A. (LSE ticker: BBGI), the global infrastructure investment company, is pleased to announce that, at the eleventh Annual General Meeting of the Company held today, 29 April 2022, each of the Resolutions was duly approved by shareholders.
Details of the votes validly cast are set out below:
Ordinary Resolutions | For | Against | Withheld * | |
1. | Presentation of the reports of (i) the Management Board and (ii) the Independent Auditor on the Company's activities during the financial year ended 31 December 2021 | 511,204,187 | 0 | 0 |
2. | Review and approval of the standalone financial statements of the Company for the financial year which ended on 31 December 2021, allocation of the results and payment of a dividend | 511,204,187 | 0 | 0 |
3. | Review and approval of the consolidated financial statements of the Company for the financial year which ended on 31 December 2021 | 511,204,187 | 0 | 0 |
4. | Discharge and release (quitus) to the external auditor, to the current members of the Management Board and to the current members of the Supervisory Board of the Company for all their duties during, and in connection with, the financial year having started on 1 January 2021 and having ended on 31 December 2021 | 510,626,402 | 577,784 | 1 |
5. | Re-appointment of Sarah Whitney as a member of the Supervisory Board | 489,473,793 | 6,166,272 | 15,564,122 |
6. | Re-appointment of Jutta af Rosenborg as a member of the Supervisory Board | 477,158,990 | 18,481,074 | 15,564,123 |
7. | Re-appointment of Christopher Waples as a member of the Supervisory Board | 495,639,776 | 289 | 15,564,122 |
8. | Appointment of June Aitken as a member of the Supervisory Board | 495,639,776 | 289 | 15,564,122 |
9. | Appointment of Andrew Sykes as a member of the Supervisory Board | 495,639,776 | 289 | 15,564,122 |
10. | Appointment of PricewaterhouseCoopers as independent auditor of the Company | 505,038,204 | 6,165,983 | 0 |
11. | Authorisation of the Management Board to determine the remuneration of the independent auditor | 505,038,204 | 6,165,983 | 0 |
12. | Authorisation of the Management Board to offer shareholders the right to elect to receive further ordinary shares in respect of dividends declared for any financial period or periods of the Company ending prior to the 2023 AGM | 511,204,187 | 0 | 0 |
Special Resolutions |
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13. | Authorisation of the Company to make market purchases of its own shares | 511,035,316 | 168,871 | 0 |
14. | Authorisation of the Management Board to allot up to the aggregate number of shares representing less than 10% of the shares in the Company already admitted to trading on the London Stock Exchange | 501,220,436 | 9,983,751 | 0 |
15. | Delegation of Powers | 510,857,899 | 0 | 346,288 |
Having received shareholders' approval of the appointments of June Aitken and Andrew Sykes to the Supervisory Board, they are both appointed as members the Audit, Remuneration and Nomination Committees. Mr Sykes will additionally take the roles of Chair of the Remuneration Committee and Senior Independent Director.
Further to the announcement released on 25 March 2022, with the appointments of Ms Aitken and Mr Sykes now confirmed, Sarah Whitney steps down from her role as a member of the Audit Committee. Ms Whitney remains in her roles as Chair of the Supervisory Board and Nomination Committee and member of the Remuneration Committee.
As was previously announced in our Annual Report, Howard Myles has now stepped down from his role as Director of the Company and no longer serves on the Supervisory Board or any of its Committees in any capacity.
The full text of the resolutions may be found in the Convening Notice to Annual General Meeting dated 28 March 2022, copies of which are available on both the Company's website www.bb-gi.com** and on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism**.
A copy of the Special Resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism**.
The Results will also be available shortly for viewing on the Company's website www.bb-gi.com**.
For further information, please contact:
BBGI Management Team | +352 263 479-1 |
Duncan Ball |
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Frank Schramm |
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Maitland/AMO (Communications adviser) | +44(0) 20 7379 5151 |
James Benjamin / Alistair de Kare-silvers | BBGI-maitland@maitland.co.uk |
NOTES
BBGI Global Infrastructure S.A. (BBGI) is a responsible infrastructure investment company and a constituent of the FTSE 250 that invests in and actively manages for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments.
BBGI is committed to delivering stable and predictable cash flows with progressive long-term dividend growth and attractive, sustainable, returns for shareholders. BBGI has a proactive approach to preserving and enhancing the value of its investments, and to delivering well maintained social infrastructure for communities and end users, whilst serving society by supporting local communities.
All of BBGI's investments are availability-based and supported by secure public sector-backed contracted revenues, with inflation-protection characteristics, that is paid so long as the assets are available for use.
BBGI's investment portfolio is over 99% operational with all its investments located across highly rated investment grade countries with stable, well developed operating environments.
BBGI's in-house management team is incentivised by shareholder returns and consistently maintains low comparative ongoing charges to shareholders.
Further information about BBGI is available on its website at www.bb-gi.com**.
The Company's LEI: 529900CV0RWCOP5YHK95
Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).
* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes validly cast.
** Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.
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