RESULTS OF GENERAL MEETING
Cremorne Capital Limited advises that the resolution put to the General Meeting of unit holders of Lowell Resources Fund (A.R.S.N. 093 363 896) (the Fund) held on 31 October 2017 at 10.00am, as set out below, were decided by way of poll and were approved.
SPECIAL RESOLUTION: AMENDMENTS TO THE CONSTITUTION
“That the constitution of the Fund be amended in accordance with the provisions of the Supplemental Deed tabled at the meeting and signed by the Chairperson of the meeting for the purposes of identification and that Cremorne Capital Limited be authorised to:
(a) execute the Supplemental Deed and lodge it with the Australian Securities and Investments Commission; and
(b) implement and give effect to the transactions and other matters contemplated in the Supplemental Deed and the Explanatory Memorandum which accompanied and formed part of the Notice of Meeting.”
The results of the Poll were as follows:
Total Number of Proxy Votes exercisable by proxies validly appointed – 346,080.4085
Proxy Votes For - 289,480.5175
Proxy Votes (Proxy’s Discretion – open proxies) – 36,701.3939
Proxy Votes Against – 19,898.4971
Poxy Votes Abstain – 0 (0.00%)
The Chair voted open proxies in favour of the resolution in the poll.
Total Votes For – 326,181.9114 (94.25%)
Total Votes Against – 19,898.4971 (5.75%)
Abstain – 0 (0.00%)
The Resolution was carried.
As set out in the Notice of Meeting and Explanatory Memorandum despatched to unit holders dated 28 September 2017 (Notice of General Meeting and Explanatory Memorandum), Cremorne Capital Limited (Cremorne) is the responsible entity of the Fund and was seeking Unitholder approval to amend the constitution of the Fund (Constitution) in order to list the Fund on Australian Securities Exchange (ASX) as a listed investment trust (LIT), meaning Unitholders will be able to buy and sell units via the ASX and that the Fund will be closed to regular applications and redemptions (the Proposal).
For more details in relation to the resolution please refer to the Notice of General Meeting and Explanatory Memorandum.