F&C UK REAL ESTATE INVESTMENTS
LIMITED
(a closed-ended investment company
incorporated in Guernsey with registration number 41870
(“the Company”)
Result of Annual General
Meeting
30 November
2016
The Board of are pleased to announce that at the AGM held on
30 November 2016, all twelve
resolutions as set out in the Notice dated 11 October 2016 were duly passed by way of a show
of hands.
The proxy votes received on each resolution proposed at the AGM
were as follows. A vote withheld is not a vote in law and has
not been counted in the votes for and against a
resolution.
Ordinary
Resolution |
For |
Against |
Withheld |
1 |
59,255,545 |
1,252,109 |
443,644 |
2 |
59,724,707 |
430,530 |
796,061 |
3 |
59,116,206 |
1,375,176 |
459,916 |
4 |
60,386,991 |
103,040 |
461,267 |
5 |
59,174,412 |
1,316,319 |
460,567 |
6 |
59,096,424 |
1,385,527 |
469,347 |
7 |
60,242,814 |
200,143 |
508,341 |
8 |
60,261,494 |
154,457 |
535,347 |
9 |
58,748,201 |
1,765,154 |
437,943 |
Special
Resolution |
For |
Against |
Withheld |
10 |
59,567,362 |
773,875 |
610,061 |
11 |
60,375,087 |
137,023 |
439,188 |
12 |
59,593,164 |
672,937 |
685,197 |
Special Resolution 1
That the Directors of the Company be and are hereby generally
empowered to allot ordinary shares in the Company or grant rights
to subscribe for, or to convert securities into, ordinary shares in
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 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 £238,705 being 10 per cent of
the issued share capital of the Company, as at 27 September 2016.
Special Resolution 2
That the Company be authorised, in accordance with section 315
of the Companies (Guernsey) Law, 2008 (the ‘Law’), to make market
purchases (within the meaning of section 316 of the Law) of
Ordinary Shares of 1p each (‘‘Ordinary Shares’’) (either for
retention as treasury shares or cancellation) provided that:
(a) the maximum number of Ordinary Shares hereby
authorised to be purchased shall be 14.99 per cent 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 1p;
(c) the maximum price (exclusive of expenses) which may be
paid for an Ordinary Share shall be the higher of (i) 105 per cent
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 purchase and (ii) the higher
of the last independent trade and the highest current independent
bid on the trading venue which the purchase is carried out; and
(d) unless previously varied, revoked or renewed, the
authority hereby conferred shall expire on 31 December 2017 or, if earlier, at the
conclusion of the Annual General Meeting of the Company to be held
in 2017, save that the Company may, prior to such expiry, enter
into a contract to purchase Ordinary Shares under such authority
and may make a purchase of Ordinary Shares pursuant to any such
contract.
Special Resolution 3
That, the Articles of Incorporation presented at the meeting and
initialled by the Chairman of the meeting for the purpose of
identification be adopted as the articles of incorporation of the
Company in substitution for, and to the exclusion of, the existing
articles of incorporation.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745701
Fax: 01481 745051
END