Chrysalis Investments Limited has announced the successful passing of all resolutions at its Annual General Meeting and Extraordinary General Meeting. The Chairman, Andrew Haining, expressed gratitude for the overwhelming support from shareholders, emphasizing their confidence in the company's management, strategy, and vision. Chrysalis was established to provide investors with access to innovative, fast-growing private companies, and the resounding support from shareholders validates the company's investment proposition.
The new management agreement and spin-out of the team from Jupiter to a new entity received board endorsement and strong shareholder support for the new performance fee structure. The company's management has focused on ensuring well-funded investments and profitability, resulting in a portfolio of increasingly profitable businesses that are performing well and conservatively valued.
The prospects for Chrysalis are deemed excellent, with a robust capital allocation policy and governance structures in place. The company anticipates generating significant value as the market recovers, gains are realized on the portfolio, and the plan to return capital to shareholders is executed. The Chairman expressed confidence in the company's promising future, with a portfolio poised for growth.
The company also disclosed the results of voting on the resolutions at its Annual General Meeting, with all resolutions passing by the required majority. This included ordinary resolutions such as continuing the business as a closed-ended investment company, receiving the financial report and audited financial statements, and re-appointing the auditor. Additionally, special resolutions, including authorizing the company to allot and issue securities, were also passed.
The comprehensive support from shareholders and the successful passing of resolutions at the meetings reflect a positive outlook for Chrysalis Investments Limited and its future endeavors.