FCSS Fidelity China Special Situations Plc

 
TIDMFCSS 
 
Fidelity China Special Situations PLC 
 
Results of Annual General Meeting 
 
At the Company's Annual General Meeting held on 20 July 2023, all resolutions 
were duly passed. The resolutions passed as special business were as follows: 
 
- to renew the Directors' authority to allot a limited number of currently 
unissued ordinary shares (or sell any ordinary shares which the Company holds in 
Treasury) for cash; 
 
- to issue such shares (including Treasury shares) without first offering them 
to existing ordinary shareholders pro-rata to their existing holdings; and 
 
- the Company's authority to purchase up to 72,429,600 of its own ordinary 
shares for immediate cancellation or for retention as Treasury shares at the 
determination of the Board.  This represents approximately 14.99% of the number 
of ordinary shares in issue on 7 June 2023. 
 
Resolution 7, the re-election of Mr Gordon Orr as a Director of the Company, 
received less than 80% of the votes cast in favour. The Board understands that 
the votes against the resolution are predominantly in respect of a large 
shareholder's view on overboarding. The Board has consulted with the large 
shareholder who voted against the resolution and who subsequently sought to 
change their vote. Unfortunately, this could not be processed before the Annual 
General Meeting. The Board will take steps to address the issue. 
 
Voting results will shortly be available online at www.fidelity.co.uk/china 
 
Contact for queries: 
 
Name:Smita Amin, FIL Investments International, Company Secretary 
 
Telephone: 01737 836347 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/fidelity-china-special-situations-plc/r/agm-statement,c3807980 
The following files are available for download: 
https://mb.cision.com/Main/22532/3807980/2198479.pdf Release 
 
 
END 
 
 

(END) Dow Jones Newswires

July 20, 2023 10:46 ET (14:46 GMT)

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