TIDMPBLT
RNS Number : 8317T
TOC Property Backed Lendng Tst PLC
29 March 2021
29 March 2021
TOC PROPERTY BACKED LENDING TRUST PLC ("the Company")
Legal Entity Identifier: 213800EXPWANYN3NEV68
Results of General Meeting
On 10 March 2021 the Company announced that it had published a
circular in connection with convening a general meeting of the
Company (the "General Meeting"), with that meeting to be held on 29
March 2021.
The Company is pleased to announce that all of the resolutions
set out in the notice of General Meeting dated 10 March 2021 were
passed by the requisite majorities on a poll at the General Meeting
held today.
The poll results for and against each resolution and the number
of votes withheld, were as follows:
VOTES % VOTES % VOTES % of VOTES
FOR AGAINST TOTAL ISC WITHHELD
VOTED
Resolution
1 16,213,450 88.61 2,085,038 11.39 18,298,488 67.96% 0
----------- ------ ---------- ------ ----------- ------- ----------
Resolution
2 16,213,450 88.61 2,085,038 11.39 18,298,488 67.96% 0
----------- ------ ---------- ------ ----------- ------- ----------
Resolution
3 16,213,450 88.61 2,085,038 11.39 18,298,488 67.96% 0
----------- ------ ---------- ------ ----------- ------- ----------
Resolution
4 16,213,450 88.61 2,085,038 11.39 18,298,488 67.96% 0
----------- ------ ---------- ------ ----------- ------- ----------
Resolution
5 16,208,806 88.58 2,089,682 11.42 18,298,488 67.96% 0
----------- ------ ---------- ------ ----------- ------- ----------
A vote withheld is not a vote in law and were not counted in the
calculation of the proportion of the votes for and against the
resolutions.
The resolutions and results of the General Meeting will be
available shortly on the Company's website at
www.tocpropertybackedlendingtrust.co.uk and will be submitted to
the FCA's National Storage Mechanism and will be available for
inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information please contact:
Maitland Administration Services Limited
Email: cosec@maitlandgroup.co.uk
Phone: +44 (0) 1245 950317
finnCap
William Marle / Giles Rolls
Telephone: +44 (0) 20 7220 0500
The resolutions passed at the General Meeting are set out in
full below:
1 THAT the Company adopts the proposed changes to its investment
policy, as set out in the circular to Shareholders dated 10 March
2021 (the "Circular"), of which this notice forms part.
2 THAT the Company continue its business as presently constituted.
3 THAT, with effect from the conclusion of the meeting, the
draft articles of association produced to the meeting and, for the
purposes of identification, initialled by the chairman of the
meeting, be adopted as the articles of association of the Company
in substitution for, and to the exclusion of, the Company's
existing articles of association.
4 THAT, in accordance with section 551 of the Companies Act 2006
(the "CA 2006"), the board of directors of the Company (or a duly
constituted committee of the directors of the Company) (the
"Directors") be generally and unconditionally authorised to allot
shares in the Company or grant rights to subscribe for or to
convert any security into shares in the Company up to an aggregate
nominal amount of GBP53,848.13 provided that this authority shall,
unless renewed, varied or revoked by the Company, expire on 31 May
2021 or, if earlier, the date of the next annual general meeting of
the Company save that the Company may, before such expiry, make
offers or agreements which would or might require shares in the
Company to be allotted or rights to subscribe for or to convert any
security into shares in the Company to be granted and the Directors
may allot shares in the Company or grant rights to subscribe for or
to convert any security into shares in the Company in pursuance of
such offer or agreement notwithstanding that the authority
conferred by this resolution has expired. This resolution revokes
and replaces all unexercised authorities previously granted to the
Directors to allot shares in the Company or grant rights to
subscribe for or to convert any security into shares in the Company
but without prejudice to any allotment of shares or grant of rights
already made, offered or agreed to be made pursuant to such
authorities.
5 THAT, subject to the passing of resolution 4 and in accordance
with section 570 of the CA 2006, the Directors be authorised to
allot equity securities (as defined in section 560 of the CA 2006)
for cash under the authority conferred by resolution 4 and/or to
sell ordinary shares of one pence each in the capital of the
Company held by the Company as treasury shares as if section 561 of
the CA 2006 did not apply to any such allotment or sale, provided
that such authority shall be limited to the allotment of equity
securities or sale of treasury shares up to an aggregate nominal
amount of GBP53,848.13. The authority granted by this resolution
will, unless renewed, varied or revoked by the Company, expire at
the conclusion of the Company's next annual general meeting after
this resolution is passed or, if earlier, at the close of business
on 31 May 2021, save that the Company may, before such expiry make
offers or agreements which would or might require equity securities
to be allotted (or treasury shares to be sold) after the authority
expires and the Directors may allot equity securities (or sell
treasury shares) in pursuance of any such offer or agreement as if
the authority had not expired. This resolution revokes and replaces
all unexercised powers previously granted to the Directors to allot
equity securities or sell treasury shares as if section 561 of the
CA 2006 did not apply but without prejudice to any allotment of
equity securities or sale of treasury shares already made or agreed
to be made pursuant to such authorities.
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