AXA Property Trust EGM Results, Secretary & Registered Office changes

 
TIDMAPT 
 
AXA Property Trust Limited 
                                (the "Company") 
 
 (a closed-ended investment company incorporated with limited liability under 
              the laws of Guernsey with registered number 43007) 
                       (LEI Number 213800AF85VEZMDMF931) 
 
                                 28 June 2019 
                                 Result of EGM 
 
       Change of Company Secretary, Administrator and Registered Office 
 
Result of EGM 
 
At the Extraordinary General Meeting of the Company held today, the Ordinary 
Resolution to adopt a New Investment Objective and Policy was approved but the 
Special Resolution to change the Company's name was not.  The Board of the 
Company is delighted to note that both resolutions received the support of an 
absolute majority of the share register.  The vote in favour of the New 
Investment Policy received 76.67% support of those Shareholders who voted. 
Despite receiving 67.87% of votes cast in favour of the name change resolution, 
this is insufficient to pass the 75% threshold for a special resolution and is 
the consequence of certain Shareholders who voted in favour of the change of 
investment policy but against the name change. Accordingly, for the time being 
the Company will continue to be called AXA Property Trust Limited. 
 
Notwithstanding the name, following the appointment of Worsley Associates LLP 
as Investment Advisor, the Company no longer has any association with AXA 
Investment Managers UK Limited or any members of the AXA Group of Companies. 
 
The Board continues to believe that the change of name which reflects the 
change of investment policy is in the best interest of the Company and will 
engage with major dissenting Shareholders to understand their reasoning and 
will bring forward further proposals in due course. 
 
Details of the voting results, which should be read alongside the notice of the 
Extraordinary General Meeting sent to Shareholders and dated 7 June 2019, are 
noted below: 
 
    Ordinary          For         Against    Discretion    Abstain 
   Resolution 
 
       1          11,725,607     3,568,570        0         4,081      Passed 
 
    Special 
   Resolution 
 
       1          10,380,455     4,913,722        0         4,081      Failed 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
Following the EGM, the Investment Objective and Policy of the Company has been 
amended with immediate effect. 
 
Change of Company Secretary and Administrator 
 
The Company announced on 18 April 2019 that it had provisionally agreed to 
appoint Praxis Fund Services Limited ("Praxis") as administrator and Company 
Secretary.  The Board is pleased to confirm that this appointment will take 
place with effect from 28 June 2019. 
 
From that date, Praxis will act as designated administrator of the Company, and 
also become Company Secretary.  The Registered Office of the Company will move 
to Praxis' offices at the address shown below. 
 
Praxis can be contacted by telephone on +44 (0) 1481 737600 or email 
info@pfs.gg 
 
Change of Registered Office 
With effect from 28 June 2019, the Company's registered office will be: 
Sarnia House 
Le Truchot 
St Peter Port 
Guernsey 
GY1 1GR 
 
Enquiries: 
 
 
Blake Nixon (Director) 
Tel:       020 38732288 
 
Shore Capital (Financial Adviser and Broker) 
Robert Finlay 
Tel:        020 76016100 
 
Praxis Fund Services Limited 
Matt Falla 
Katrina Rowe 
Tel:     +44 (0) 1481 737600 
 
 
 
END

(END) Dow Jones Newswires

June 28, 2019 12:09 ET (16:09 GMT)

Axa Property (LSE:APT)
Historical Stock Chart
From Mar 2024 to Apr 2024