F&C UK Real Estate Investments Ltd - Result of AGM

F&C UK REAL ESTATE INVESTMENTS LIMITED
(a closed-ended investment company incorporated in Guernsey with registration number 41870
(“the Company”)

Result of Annual General Meeting
30 November 2016

The Board of are pleased to announce that at the AGM held on 30 November 2016, all twelve resolutions as set out in the Notice dated 11 October 2016 were duly passed by way of a show of hands.

The proxy votes received on each resolution proposed at the AGM were as follows.  A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution. 

Ordinary Resolution	For	Against	Withheld
1	59,255,545	1,252,109	443,644
2	59,724,707	430,530	796,061
3	59,116,206	1,375,176	459,916
4	60,386,991	103,040	461,267
5	59,174,412	1,316,319	460,567
6	59,096,424	1,385,527	469,347
7	60,242,814	200,143	508,341
8	60,261,494	154,457	535,347
9	58,748,201	1,765,154	437,943
Special Resolution	For	Against	Withheld
10	59,567,362	773,875	610,061
11	60,375,087	137,023	439,188
12	59,593,164	672,937	685,197

Special Resolution 1

That the Directors of the Company be and 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 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 £238,705 being 10 per cent of the issued share capital of the Company, as at 27 September 2016.

Special Resolution 2

That the Company be authorised, in accordance with section 315 of the Companies (Guernsey) Law, 2008 (the ‘Law’), to make market purchases (within the meaning of section 316 of the Law) of Ordinary Shares of 1p each (‘‘Ordinary Shares’’) (either for retention as treasury shares 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;

(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 on 31 December 2017 or, if earlier, at the conclusion of the Annual General Meeting of the Company to be held in 2017, save that the Company may, prior to such expiry, enter into a contract to purchase Ordinary Shares under such authority and may make a purchase of Ordinary Shares pursuant to any such contract.

Special Resolution 3

That, the Articles of Incorporation presented at the meeting and initialled by the Chairman of the meeting for the purpose of identification be adopted as the articles of incorporation of the Company in substitution for, and to the exclusion of, the existing articles of incorporation.

Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
 
Tel: [phone]
Fax: [phone]

END

Copyright r 30 PR Newswire