Results of Meetings (9532D)
May 23 2012 - 7:03AM
UK Regulatory
TIDMFPEO TIDMFPEZ TIDMFPER
RNS Number : 9532D
F&C Private Equity Trust PLC
23 May 2012
23 May 2012
F&C PRIVATE EQUITY TRUST PLC and F&C PRIVATE EQUITY
ZEROS PLC
Result of meetings
F&C Private Equity Trust plc announces that, at its annual
general meeting held earlier today, all 13 resolutions were duly
passed. The resolutions passed as special business were as
follows:
-- to renew the Company's authority to purchase up to 14.99% of
its Ordinary Shares and up to 14.99% of its Restricted Voting
Shares currently in issue for cancellation, subject to the terms
and conditions set out in the relevant resolution;
-- to amend the Company's Articles so as to remove the
prohibition on distributing realised capital profits as dividends;
and
-- to amend the Management Agreement to incorporate a New Performance Fee.
In addition, F&C Private Equity Trust plc announces that the
special resolution approving the payment of dividends on the
Ordinary Shares out of the realised capital profits attributable to
the Ordinary Pool was duly passed at a separate general meeting of
Ordinary Shareholders held earlier today.
F&C Private Equity Zeros plc announces that, at its general
meeting held earlier today, the special resolution cancelling its
share premium account and crediting the amount cancelled to a
distributable reserve which may be used in any manner in which its
profits available for distribution may be used was duly passed.
That resolution remains conditional on the confirmation of and any
undertaking required by the Court, and application will now be made
to the Court for such confirmation, which is expected to occur in
September 2012.
F&C Private Zeros Trust plc also announces that special
resolutions:
-- sanctioning the cancellation of its share premium account and
crediting the amount cancelled to a distributable reserve; and
-- authorising it to make market purchases of up to 14.99 per
cent. of its issued ZDP Shares in any 12 month period, subject to
the to the terms and conditions set out in the relevant
resolution;
were duly passed at a separate general meeting of ZDP
Shareholders held earlier today.
A summary of proxy votes received on each of the resolutions
passed at the Meetings will shortly be available on F&C Private
Equity Trust plc's website, www.fcpet.co.uk.
The full text of the resolutions passed at the Meetings can be
found in the circular to the shareholders of F&C Private Equity
Trust plc and the shareholders of F&C Private Equity Zeros plc
dated 24 April 2012, copies of which are available for inspection
at the National Storage Mechanism which can be located at
www.hemscott.com/nsm.do and on F&C Private Equity Trust plc's
website, www.fcpet.co.uk. Words and expressions defined in that
circular have the same meanings when used in this announcement.
Enquiries
G R Hay Smith F&C Asset Management T: 020 7628 800
plc
Note
None of F&C Private Equity Trust plc's website, the National
Storage Mechanism's website or the content of any website
accessible from hyperlinks on those websites (or any other website)
is (or is deemed to be) incorporated into, or forms (or is deemed
to form) part of, this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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