UK Comm Prop REIT Ltd Result of Annual General Meeting
16 June 2022 - 11:28PM
UK Regulatory
TIDMUKCM
UK Commercial Property REIT Limited
(An authorised closed-ended investment scheme incorporated in Guernsey with
registration number 45387)
LEI Number: 213800JN4FQ1A9G8EU25
(The "Company")
16 JUNE2022
RESULT OF ANNUAL GENERAL MEETING
At the Annual General Meeting of the Company held today, all Resolutions set
out in the Annual General Meeting Notice sent to Shareholders dated 6 May 2022
were duly passed on a show of hands.
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 1,028,074,410 10,150 0 2,013,441
2 1,030,076,513 10,150 0 11,338
3 1,029,897,131 10,150 176,223 14,497
4 1,029,842,871 65,150 176,031 13,949
5 1,030,012,754 10,150 28,241 46,856
6 1,030,047,532 10,150 28,433 11,886
7 1,024,656,165 10,150 5,391,743 39,943
8 1,021,049,102 10,150 107,963 8,930,786
9 1,024,654,945 10,150 5,391,743 41,163
10 1,022,300,030 10,650 7,747,378 39,943
11 1,024,577,753 65,150 5,414,655 39,943
Special For Discretion Against Abstain
Resolution (voted in favour)
12 1,029,938,139 10,150 59,880 89,832
13 1,019,730,211 10,150 9,801,020 556,620
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 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 £32,485,312 being approximately 10 per cent of the nominal
value of the issued share capital of the Company (including treasury shares),
as at 31 March 2022,
Special Resolution 13
IT WAS RESOLVED THAT the Company, be authorised in accordance with section 315
of The Companies (Guernsey) Law, 2008, as amended, ('the Law') to make market
acquisitions within the meaning of section 316(I) of the Law of its own
ordinary shares of 25p each ("shares") (either for retention as treasury shares
for future resale or transfer or cancellation), provided that:
(a) the maximum number of shares hereby authorised to be acquired shall be
equal to 14.99 per cent of the Company's issued share capital on the date on
which this resolution is passed:
(b) the minimum price (exclusive of expenses) which may be paid for a share
is 25p, being the nominal value per share;
(c) the maximum price (exclusive of expenses) which may be paid for a share
shall not be more than the higher of (i) an amount equal to 105 per cent of the
average of the middle market quotations for a share taken from the London Stock
Exchange's Daily Official List for the five business days immediately preceding
the day on which the share is purchased and (ii) the higher of the last
independent trade and the highest current independent bid on the London Stock
Exchange;
(d) the authority hereby conferred shall expire 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, unless such authority is renewed prior to such time; and
(e) the Company may make a contract to purchase Shares under the authority
hereby conferred prior to the expiry of such authority which will or may be
executed wholly or partly after the expiration of such authority and may make a
purchase of 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 745001
END
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