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 Resolution |
For |
Against |
Discretion |
Abstain |
|
| 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