ISIS Property Trust Limited Results of General Meeting (1784C)
April 11 2013 - 11:15AM
UK Regulatory
TIDMIPT
RNS Number : 1784C
ISIS Property Trust Limited
11 April 2013
ISIS PROPERTY TRUST LIMITED ("IPT" OR THE "COMPANY")
RESULTS OF GENERAL MEETING
11 April 2013
The Board is pleased to announce that the resolutions relating
to the recommended reconstruction and winding up of the Company
(the "Scheme"), the details of which were set out in a circular to
shareholders dated 12 March 2013, were duly passed at a General
Meeting of the Company held earlier today.
The shareholders of IRP Property Investments Limited also
approved its participation in the Scheme at a general meeting held
earlier today.
As announced on 9 April 2013, based on the adjusted net asset
value of the Company and the adjusted net asset value of IRP as
calculated as at 31 March 2013, an IPT Shareholder will receive
1.2895 New Shares in respect of each IPT Share held. Therefore it
is expected that a total of 97,550,491 New Shares will be issued in
accordance with the Scheme.
It is expected that the New Shares will be admitted to listing
on the Official List of the UK Listing Authority and to trading on
the main market of the London Stock Exchange at 8.00 a.m. on 12
April 2013.
It is expected that CREST accounts will be credited in respect
of the New Shares on 12 April 2013. Share certificates in respect
of New Shares will be issued by 26 April 2013.
A copy of the resolution passed at the General Meeting will
shortly be available for inspection via the National Storage
Mechanism.
Cancellation of listing of IPT Shares
It is expected that the listing of the IPT Shares will be
cancelled at 8.00 a.m. on 12 April 2013.
Enquiries:
Simon Cordery F&C Asset Management Tel: +44(0) 20 7628
plc 8000
Gordon Neilly/ Cantor Fitzgerald, Tel: +44(0) 207 894
Sue Inglis Financial Adviser 8096
to IPT
Words and expression defined in the circular issued by the
Company dated 12 March 2013 have the same meanings when used in
this announcement unless the context requires otherwise.
This announcement is not intended to and does not constitute, or
form any part of, an offer to sell or an invitation to subscribe
for or purchase any securities or the solicitation of any vote or
approval in any jurisdiction, pursuant to the Scheme or otherwise.
The Scheme will be effected solely through the Circular, which
contains the full terms and conditions of the Scheme.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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