Standard Life Investments Property
Income Trust Limited
(an authorised closed-ended investment company incorporated in
Guernsey with registration number 41352)
LEI Number: 549300HHFBWZRKC7RW84
(The “Company”)
30 JUNE
2020
RESULT OF ANNUAL
GENERAL MEETING
At the Annual General Meeting of the Company held on
30 June 2020 all Ordinary and Special
Resolutions set out in the Annual General Meeting Notice sent to
Shareholders dated 26 May 2020 were
duly passed.
Details of the proxy voting results which should be read along
side the Notice are noted below:
Ordinary
Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
1 |
111,019,970 |
6,468 |
0 |
268,901 |
2 |
110,897,586 |
6,468 |
333,022 |
58,263 |
3 |
110,786,774 |
6,468 |
449,072 |
53,025 |
4 |
111,281,213 |
6,468 |
0 |
7,658 |
5 |
110,973,980 |
6,468 |
294,407 |
20,484 |
6 |
111,085,151 |
6,468 |
157,350 |
46,370 |
7 |
111,048,016 |
6,468 |
182,592 |
58,263 |
8 |
110,923,991 |
6,468 |
306,617 |
58,263 |
9 |
110,931,516 |
6,468 |
299,092 |
58,263 |
10 |
110,847,934 |
6,468 |
382,674 |
58,263 |
11 |
111,081,516 |
6,468 |
149,092 |
58,263 |
12 |
111,207,254 |
6,468 |
27,629 |
53,988 |
Special Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
13 |
107,845,317 |
6,468 |
3,379,650 |
63,904 |
14 |
100,282,546 |
6,468 |
11,004,757 |
1,567 |
Note - A vote withheld is not a vote in law
and has not been counted in the votes for and against a
resolution.
The Special Resolutions were as follows:
Special Resolution 13
To authorise the Company, in accordance with The Companies
(Guernsey) Law, 2008, as amended 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 herby authorised to be
purchased shall be 14.99 percent 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 1 pence;
c. the maximum price (exclusive of expenses) which may be paid
for an ordinary share shall be the higher of (i) 105 percent 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 bid on the
trading venue on which the purchase is carried out; and
d. unless previously varied, revoked or renewed, the authority
herby conferred shall expire on 30 December
2021 or, if earlier, at the conclusion of the Annual General
Meeting of the Company to be held in 2021, 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 14
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 of the Company (“equity shares”) for cash,
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 Conduct 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 of 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 £406,865 being approximately 10
percent of the nominal value of the issues share capital of the
Company, as at 15 May 2020.
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
END