Standard LifeInvProp Result of AGM
30 June 2020 - 8:31PM
UK Regulatory
TIDMSLI
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 For Discretion Against Abstain
Resolution (voted in
favour)
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 For Discretion Against Abstain
Resolution (voted in
favour)
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 GBP406,865 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
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