Standard LifeInvProp Results of Annual General Meeting
15 June 2022 - 9:56PM
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")
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 For Discretion Against Abstain
Resolution (voted in
favour)
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 For Discretion Against Abstain
Resolution (voted in
favour)
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
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