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
(voted in favour) |
Against |
Abstain |
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
(voted in favour) |
Against |
Abstain |
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 £403,115 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