F&C Com Pty Tst Ltd Result of Annual General Meeting

 
TIDMFCPT 
 
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          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
      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          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
     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 GBP799,366 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:      [phone] 
 
END 
 
 
 
 
END 
 

(END) Dow Jones Newswires

May 31, 2017 10:41 ET (14:41 GMT)