API Abrdn Property Income Trust Limited

    RNS Number : 3552U
  Standard Life Invs Property Inc Tst
  13 May 2008
   
    13 May 2008

    STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED


    Result of Annual General Meeting


    At the Annual General Meeting held earlier today, the following Special Resolution was passed; 

    Resolution 5

    IT WAS RESOLVED To authorise the Company, in accordance with Section 5 of the Companies (Purchase of Own Shares) Ordinance 1998 ("the
Ordinance"), to make market purchases (within the meaning of Section 18 of the Ordinance) of ordinary shares of 1p each ("Ordinary Shares")
provided that;

    a) the maximum number of Ordinary Shares hereby authorised to be purchased shall be 14.99 per cent of the issued Ordinary Shares on the
date on which this resolution is passed;

    b) the minimum price which may be paid for an Ordinary Share shall be 1p;

    c) The maximum price (exclusive of expenses) which may be paid for an Ordinary Share shall be 105 per cent of the average of the middle
market quotations (as derived from the Daily Official List) for the Ordinary Shares for the five business days immediately preceding the
date of purchase; 

    d) unless previously varied, revoked or renewed, the authority hereby conferred shall expire on 13 November 2009 or, if earlier, at the
conclusion of the Annual General Meeting of the Company to be held in 2009, save that the Company may, prior to such expiry, enter into a
contract to purchase Ordinary Shares under such authority and may make a purchase of Ordinary Shares pursuant to any such contract.


    All Enquiries:

    The Company Secretary 
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Trafalgar Court
    Les Banques
    St Peter Port
    Guernsey
    GY1 3QL

    Tel: 01481 745324
This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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