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”)
15 june 2022
RESULT OF ANNUAL
GENERAL MEETING
At the Annual General Meeting of the Company held on
15 June 2022, all Ordinary and
Special Resolutions set out in the Notice of Annual General Meeting
contained in the Annual Report to Shareholders published on
13 May 2022 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 |
173,816,293 |
3,230 |
289,288 |
463,229 |
2 |
173,022,475 |
3,230 |
1,052,173 |
494,162 |
3 |
172,625,986 |
3,230 |
1,129,769 |
813,055 |
4 |
173,881,757 |
3,230 |
289,288 |
397,765 |
5 |
173,670,514 |
3,230 |
526,969 |
371,327 |
6 |
173,359,470 |
3,230 |
444,120 |
765,220 |
7 |
173,146,510 |
3,230 |
598,943 |
823,357 |
8 |
171,876,199 |
8,230 |
1,884,716 |
802,895 |
9 |
171,861,048 |
3,230 |
1,904,867 |
802,895 |
10 |
170,471,791 |
3,230 |
2,267,514 |
1,829,505 |
11 |
171,875,147 |
3,230 |
1,887,394 |
806,269 |
12 |
169,490,754 |
3,230 |
1,753,346 |
3,324,710 |
Special Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
13 |
171,812,271 |
3,230 |
2,302,914 |
453,625 |
14 |
172,695,712 |
3,230 |
1,429,818 |
443,280 |
15 |
172,941,500 |
8,230 |
1,231,811 |
390,499 |
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 hereby 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
hereby conferred shall expire at the conclusion of the 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, 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 securities”) 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 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 £396,922 being approximately 10
percent of the nominal value of the issued share capital of the
Company, as at 27 April 2022
Special Resolution 15
That the change of name of the Company to “abrdn Property Income
Trust Limited” be approved.
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