Northern Investors Co PLC – Result of General Meeting

20th July 2011





The Company announces that at the general meeting held on 21 July 2011 all of the resolutions set out in the notice of meeting were duly passed by shareholders.


Resolutions 1, 3 and 4 were duly passed on a show of hands and details of proxy voting on these resolutions are as follows:


No Resolution For Discret-
Against Vote
1 That the proposed new investment objective and policy of the Company set out in the circular to Shareholders dated 24 June 2011 be adopted as the investment objective and policy of the Company with immediate effect and the existing investment objective and policy be and his hereby replaced 14,176,831 107,657 69,562 95,437
3 That, conditional upon the passing of Resolution 1 the Articles of the Company be amended by:


(a) deleting Article 147 and 148 of the Company’s Articles; and


(b) adding the wording “otherwise than by way of the redemption or purchase of any of the Company’s own shares in accordance with Chapter 3 or 4 of Part 18 of the Act” at the end of the fifth sentence of Article 122
14,284,585 107,657 40,289 16,956
4 That the share premium account of the Company be cancelled 14,278,569 107,657 40,289 22,972


Resolution 2 was duly passed on a poll vote and the results are as follows:


No Resolution For Against Voted total % of issued share capital Vote
2 That conditional upon the passing of Resolution 1, the amendments to the Investment Management Agreement described in the Circular be and are hereby approved and the Company be and is authorised to enter into the Side Letter on such terms as the Directors think fit 8,339,590 7,216,123 15,555,713 80.20% 278,470




Christopher Mellor, NVM Private Equity Limited – 0191 244 6000

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Source: Northern Investors Co PLC via Thomson Reuters ONE