F&C COMMERCIAL PROPERTY TRUST
LIMITED
(a closed-ended collective
investment scheme established as a company with limited liability
under the laws of Guernsey with registered number 50402)
Result of Annual General
Meeting
31 May
2017
At the Annual General Meeting of the Company held on
31 May 2017, all ordinary resolutions
set out in the Annual General Meeting Notice sent to Shareholders
dated 3 April 2017 were duly
passed.
Details of the proxy voting results which should be read
alongside the Notice are noted below:
Ordinary
Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
1 |
382,206,733 |
85,534 |
307,445 |
20,495 |
2 |
382,001,107 |
85,534 |
301,403 |
232,163 |
3 |
382,001,451 |
85,534 |
297,936 |
235,287 |
4 |
358,233,460 |
85,534 |
24,205,154 |
96,058 |
5 |
382,326,670 |
85,534 |
112,917 |
95,086 |
6 |
382,354,870 |
87,534 |
82,678 |
95,125 |
7 |
382,382,626 |
85,534 |
57,053 |
94,993 |
8 |
366,945,207 |
85,534 |
15,498,845 |
90,621 |
9 |
382,318,388 |
85,534 |
91,598 |
124,687 |
10 |
381,989,280 |
85,534 |
450,536 |
94,857 |
11 |
382,041,073 |
85,534 |
118,317 |
375,283 |
12 |
376,616,637 |
85,534 |
187,288 |
5,730,748 |
Special Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
13 |
362,276,686 |
87,534 |
114,026 |
5,753,291 |
14 |
367,968,205 |
85,534 |
131,895 |
45,903 |
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 was passed; 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 £799,366 being approximately 10 per cent of the
nominal value of the issued share capital of the Company, as at
3 April 2017.
Special Resolution 14 was passed, the Company be authorised,
in accordance with Section 315 of The Companies (Guernsey) Law,
2008 (as amended), to make market acquisitions (within the meaning
of Section 316(1) of The Companies (Guernsey) Law, 2008) of
ordinary shares of 1p each (‘‘Ordinary Shares’’) (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 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
(exclusive of expenses);
(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 at the conclusion of the Annual General
Meeting of the Company to be held in 2018, or on 30 November 2018, whichever is the earlier, save
that the Company may, prior to such expiry, enter into a contract
to purchase Ordinary Shares under such authority which will or may
be executed wholly or partly after the expiration of such authority
and may make a purchase of Ordinary Shares pursuant to any such
contract.
A copy of the proxy voting for each resolution is available of the
Company’s website, www.fccpt.co.uk.
All Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services
(Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
END