Result of AGM (3957D)
May 15 2012 - 10:15AM
UK Regulatory
TIDMSLI
RNS Number : 3957D
Standard Life Invs Property Inc Tst
15 May 2012
15 May 2012
Standard Life Investment Property Income Trust Limited (the
"Company")
Result of Annual General Meeting
At the Annual General Meeting (the "AGM") of the Company held on
15 May 2012, all Ordinary Resolutions set out in the AGM Notice
sent to shareholders dated 23 March 2012 were duly passed and the
following Special Resolutions were passed;
SPECIAL RESOLUTION 1
IT WAS RESOLVED TO authorise the Company, in accordance with The
Companies (Guernsey) Law, 2008, as amended (the "Law") to make
market acquisitions of its ordinary shares 1p each (either for
retention as treasury shares for future resale or transfer or
cancellation) 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 the higher of (i) 105 per cent of
the average of the middle market quotations (as derived from the
Daily Official List of the London Stock Exchange) for the Ordinary
Shares for the five business days immediately preceding the date of
acquisition and (ii) the higher of the last independent trade and
the highest current independent bid on the trading venue on which
the purchase is carried out; and
d) unless previously varied, revoked or renewed, the authority
hereby conferred shall expire on 15 November 2013 or, if earlier,
at the conclusion of the Annual General Meeting of the Company to
be held in 2013, save that the Company may, prior to such expiry,
enter into a contract to acquire Ordinary Shares under such
authority and may make an acquisition of Ordinary Shares pursuant
to any such contract.
SPECIAL RESOLUTION 2
IT WAS RESOLVED THAT the Directors of the Company be and they
are hereby generally empowered, to allot Ordinary Shares in the
Company or grant rights to subscribe for, or to convert securities
into, Ordinary Shares in the Company ("equity securities"),
including the grant of rights to subscribe for, or to convert
securities into Ordinary Shares held by the Company as treasury
shares for cash and if any pre-emption rights in relation to the
issue of shares as set out in the listing rules made by the
Financial Services Authority under part VI of the Financial
Services and Markets Act 2000 (as amended) did not apply to any
such allotment of equity securities provided that this power:
a) expires at the conclusion of the next Annual General Meeting
of the Company after the passing of this resolution or on the
expiry of 15 months from the passing of this resolution, whichever
is the earlier, save that the Company may, before such expiry, make
an offer or agreement which would or might require equity
securities to be allotted after such expiry and the Directors may
allot equity securities in pursuance of any such offer or agreement
as if the power conferred hereby had not expired; and
b) shall be limited to the allotment of equity securities up to
an aggregate nominal value GBP136,631 being approximately 10 per
cent of the nominal value of the issued share capital of the
Company, as at 23 March 2012..
SPECIAL RESOLUTION 3
IT WAS RESOLVED THAT in accordance with Section 18 of the
Companies (Transitional Provisions) Regulations, 2008 the first
sentence of paragraph 5 of the Company's Memorandum of
Incorporation be deleted in its entirety.
Copies of the Special Resolutions have been submitted to the
National Storage Mechanism and will shortly be available for
inspection at www.Hemscott.com/nsm.do
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 745529
This information is provided by RNS
The company news service from the London Stock Exchange
END
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