F&C UK Real Est. Inv. Result of AGM
23 November 2017 - 2:37AM
UK Regulatory
TIDMFCRE
F&C UK REAL ESTATE INVESTMENTS LIMITED
(a closed-ended investment company incorporated in Guernsey with registration
number 41870
("the Company")
(LEI Number: 2138001XRCB89W6XTR23)
Result of Annual General Meeting
22 November 2017
The Board of are pleased to announce that at the AGM held on 22 November 2017,
all thirteen resolutions as set out in the Notice dated 20 September 2017 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 64,645,353 111,280 348,571
2 64,289,109 364,239 451,856
3 64,278,142 347,635 479,427
4 64,671,367 23,729 410,108
5 64,501,396 233,684 370,124
6 64,557,895 184,143 363,165
7 64,563,715 272,967 268,521
8 64,564,659 180,307 360,238
9 64,483,028 342,289 279,886
10 64,405,437 364,705 335,061
11 64,545,133 272,394 287,676
Special Resolution For Against Withheld
12 64,005,352 619,784 480,067
13 64,574,870 236,146 294,187
Special Resolution 12
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 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 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 GBP481,411 being approximately 20 per cent of the issued share
capital of the Company, as at 20 September 2017.
Special Resolution 13
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 2018 or, if earlier, at the conclusion of
the Annual General Meeting of the Company to be held in 2018, 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.
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
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