Advance Developing Markets Fund Ltd Result of AGM (1864J)

TIDMADMF

RNS Number : 1864J

Advance Developing Markets Fund Ltd

01 April 2015

Advance Developing Markets Fund Limited

Result of Annual General Meeting

The Board of Advance Developing Markets Fund Limited (the "Company") is pleased to announce that at the Company's Annual General Meeting held earlier today all resolutions were passed.

A summary of the resolutions and the proxy voting figures received in advance of the meeting are shown below:

 
                                       For          Discretionary           Against                           Withheld 
Resolution                           Votes      %     Votes      %      Votes     % 
   To receive and adopt 
    the financial statements 
    for the year ended 31 
    October 2014, with the 
    reports of the directors 
1   and auditors thereon.       43,689,375  99.96    15,104   0.03      1,815  0.01                               0 
   To approve the directors' 
    remuneration report for 
    the year ended 31 October 
2   2014.                       43,175,922  98.79         0   0.00    530,372  1.21                               0 
   To re-elect John Hawkins 
3   as a director.              41,116,884  99.97         0   0.00     12,206  0.03                 2,577,202 
   To re-appoint KPMG Channel 
    Islands Limited as auditor 
4   to the Company.             43,704,479  99.99         0   0.00      1,815  0.01                                 0 
   To authorise the directors 
   to determine KPMG Channel 
   Islands Limited's 
   remuneration 
5  as auditor to the Company.   43,704,479  99.99         0   0.00      1,815  0.01                                  0 
   To give the Company 
   authority 
6  to purchase its own shares.  43,704,479  99.99         0   0.00      1,815  0.01                                0 
   To change the maximum 
   aggregate remuneration 
   payable to the directors 
   of the Company to 
   GBP200,000 
7  per annum.                   41,116,883  94.08         0   0.00  2,589,410  5.92                                0

At the time of the above meeting the Company's share capital consisted of 51,926,229 ordinary shares with voting rights and a further 2,692,278 ordinary shares held in treasury.

Enquiries:

Lisa Garnham

Tel: +44 (0)1481 726034

Orangefield Legis Fund Services Limited

Company Secretary to Advance Developing Markets Fund Limited

1 April 2015

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

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