Highbridge Tactical Credit Fund Ltd Provision 4 of the UK Corporate Governance Code (9114R)
02 Juillet 2020 - 6:11PM
UK Regulatory
TIDMHTCF
RNS Number : 9114R
Highbridge Tactical Credit Fund Ltd
02 July 2020
2 July 2020
HIGHBRIDGE TACTICAL CREDIT FUND LIMITED
("HTCF" or the "Company")
Provision 4 of the UK Corporate Governance Code
At the EGM of the Company held on 20(th) February marginally
more than 20% of the votes cast, voted against the resolution to
dis-apply pre-emption rights in connection with a placing
programme. The Board has determined that the majority of those who
voted against the resolution either followed the advice of their
external voting consultants or outsourced their voting to those
proxy agencies. The Board understands that as a matter of
principle, voting consultants will not support the dis-application
of pre-emption rights based on the potential dilution risk
associated with such a resolution being passed.
The Board remains of the view that the resolution passed in
February was in the best interests of shareholders and is key, if
the Company is to achieve its target size before the end of
2020.
For further information please contact:
Praxis Fund Services Limited
Company Secretary
Tel: +44 (0) 1481 737 600
LEI: 213800397SYHLYFH5961
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