Standard Life Invs Property Inc Tst Results of AGM (2830I)
May 28 2014 - 12:21PM
UK Regulatory
TIDMSLI
RNS Number : 2830I
Standard Life Invs Property Inc Tst
28 May 2014
Standard Life Investments Property Income Trust Limited (the
"Company")
(an authorised closed-ended investment company incorporated in
Guernsey with registration number 41352)
Result of Annual General Meeting
28 May 2014
At the Annual General Meeting (the "AGM") of the Company held on
28 May 2014, all Ordinary Resolutions set out in the AGM Notice
sent to shareholders dated 25 April 2014 were duly passed and the
following Special Resolutions as outlined below were duly
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 own shares of 1 pence 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 Shares
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) 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 28 November 2015 or, if earlier,
at the conclusion of the Annual General Meeting of the Company to
be held in 2015, 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 Thatthe 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 as
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 GBP160,709 being approximately 10 per
cent of the nominal value of the issued share capital of the
Company, as at 16 April 2014.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
Tel: 01481 745417
This information is provided by RNS
The company news service from the London Stock Exchange
END
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