F&C UK Real Est. Inv. Result of AGM

 
TIDMFCRE 
 
F&C UK Real Estate Investments Limited 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                number  41870) 
 
LEI Number: 2138001XRCB89W6XTR23 
(The "Company") 
 
22 November 2018 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held on 21 November 2018, all 
Ordinary Resolutions set out in the Annual General Meeting Notice sent to 
Shareholders dated 10 October 2018 were duly passed. 
 
Details of the proxy voting results which should be read along side the Notice 
are noted below: 
 
  Ordinary          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
      1          67,378,106        51,418         226,179      223,881 
 
      2          66,894,573        56,318         487,303      441,389 
 
      3          67,397,986        51,418         205,935      224,244 
 
      4          67,148,793        56,318         400,975      273,496 
 
      5          67,209,069        56,318         339,997      274,200 
 
      6          67,214,478        56,318         334,587      274,200 
 
      7          67,197,017        56,318         339,103      287,145 
 
      8          67,206,953        56,318         247,032      369,280 
 
      9          67,036,569        51,418         436,361      355,235 
 
     10          67,187,112        56,318         346,151      290,003 
 
   Special          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
     11          66,876,803        56,318         593,359      353,103 
 
     12          67,361,370        51,168         199,307      267,738 
 
     13          66,753,994        51,418         790,310      283,861 
 
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 11 
 
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 GBP240,705 being 10 per cent of the issued share 
capital of the Company, as at 27 September 2018. 
 
Special Resolution 12 
 
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 2019 or, if earlier, at the conclusion of 
the Annual General Meeting of the Company to be held in 2019, 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 13 
 
That the name of the Company be changed to BMO Real Estate Investments Limited 
at a date of the Board's discretion but in any event no later than 30 April 
2019. 
 
Enquiries: 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel:       [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

November 22, 2018 04:20 ET (09:20 GMT)