abrdn Property Income Trust Limited Results of Annual General Meeting
June 15 2023 - 9:03AM
UK Regulatory
TIDMAPI
ABRDN Property Income Trust Limited
(an authorised closed-ended investment company incorporated in Guernsey with
registration number 41352)
LEI Number: 549300HHFBWZRKC7RW84
(The "Company")
15 june 2023
RESULT OF ANNUAL GENERAL MEETING
At the Annual General Meeting of the Company held on 14 June 2023, all Ordinary
and Special Resolutions set out in the Notice of Annual General Meeting
contained in the Annual Report to Shareholders published on 12 May 2023 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 |120,879,706|35,359 |40,405 |14,527 |
+-------------------+-----------+-----------------+---------+---------+
|2 |120,304,202|63,359 |479,890 |120,546 |
+-------------------+-----------+-----------------+---------+---------+
|3 |120,902,595|35,359 |25,491 |6,553 |
+-------------------+-----------+-----------------+---------+---------+
|4 |120,571,483|35,359 |298,368 |64,787 |
+-------------------+-----------+-----------------+---------+---------+
|5 |120,668,635|35,359 |135,411 |130,592 |
+-------------------+-----------+-----------------+---------+---------+
|6 |118,030,117|35,359 |2,698,073|206,448 |
+-------------------+-----------+-----------------+---------+---------+
|7 |118,126,755|35,359 |2,601,435|206,448 |
+-------------------+-----------+-----------------+---------+---------+
|8 |116,521,008|35,359 |2,807,181|1,606,448|
+-------------------+-----------+-----------------+---------+---------+
|9 |115,854,005|35,359 |3,472,062|1,608,571|
+-------------------+-----------+-----------------+---------+---------+
|10 |118,123,604|35,359 |2,602,463|208,571 |
+-------------------+-----------+-----------------+---------+---------+
|Special Resolution |For |Discretion |Against |Abstain |
| | | | | |
| | |(voted in favour)| | |
+-------------------+-----------+-----------------+---------+---------+
|11 |118,655,370|35,359 |2,264,741|14,527 |
+-------------------+-----------+-----------------+---------+---------+
|12 |119,742,346|35,359 |1,088,902|103,390 |
+-------------------+-----------+-----------------+---------+---------+
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 11
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 12
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 £381,219 being approximately 10 percent of the nominal value of
the issued share capital of the Company, as at 21 April 2023.
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
This information was brought to you by Cision http://news.cision.com
END
(END) Dow Jones Newswires
June 15, 2023 09:03 ET (13:03 GMT)
Abrdn Property Income (LSE:API)
Historical Stock Chart
From Jun 2024 to Jul 2024
Abrdn Property Income (LSE:API)
Historical Stock Chart
From Jul 2023 to Jul 2024
