Standard LifeInvProp Result of AGM

 
TIDMSLI 
 
Standard Life Investments Property Income Trust Limited 
 (an authorised closed-ended investment company incorporated in Guernsey with 
                          registration number 41352) 
                                (the "Company") 
 
                        LEI Number N5Q3C7.99999.SL.831 
 
                                 11 June 2018 
 
                       Result of Annual General Meeting 
 
At the Annual General Meeting (the "AGM") of the Company held on 8 June 2018, 
all the resolutions as set out in the AGM Notice dated 5 April 2018 and sent to 
shareholders were duly passed. 
 
Details of the proxy voting results which should be read alongside the Notice 
are noted below: 
 
Ordinary Resolution       For           Discretion         Against        Abstain 
                                    (voted in favour) 
 
         1            80,956,253          3,230            145,728           0 
 
         2            80,888,484          3,230            118,433        95,065 
 
         3            81,003,174          3,230            92,485          6,322 
 
         4            81,090,506          3,230            11,476            0 
 
         5            70,910,917          3,230          10,191,064          0 
 
         6            81,077,715          3,230            12,791         11,476 
 
         7            81,053,731          3,230            36,774         11,476 
 
         8            81,060,296          3,230            30,210         11,476 
 
         9            81,050,132          3,230            13,000         38,850 
 
Special Resolution        For           Discretion         Against        Abstain 
                                    (voted in favour) 
 
        10            80,985,099          3,230            67,938         48,945 
 
        11            79,688,506          3,230           1,413,476          0 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
SPECIAL RESOLUTION - SHARE BUYBACK 
 
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 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) 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 8 December 2019 or, if earlier, at the conclusion of 
the Annual General Meeting of the Company to be held in 2019, 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 - pre-emption rights: 
 
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 by way of a sale of ordinary shares held by the Company as treasury 
shares, 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 of GBP403,115 being approximately 10 per cent of the 
nominal value of the issued share capital of the Company, as at 5 April 2018 
 
 
In accordance with Listing Rule 9.6.3, a copy of the Special Resolutions will 
be submitted to the National Storage Mechanism and will shortly be available 
for inspection at: www.morningstar.co.uk/uk/NSM . 
 
Enquiries: 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel: 01481 745001 
Fax: 01481 745051 
 
END 
 
 
 
 
END
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