AXA Property Trust Company Update

 
TIDMAPT 
 
AXA Property Trust Limited 
 (a closed-ended investment company incorporated with limited liability under 
              the laws of Guernsey with registered number 43007) 
                       LEI Number: 213800AF85VEZMDMF931 
                                (The "Company") 
 
                            UPDATE RELATING TO THE 
                          COMPANY'S ONGOING STRATEGY 
 
                               5th October 2018 
 
Further to the Company's announcement on 21st September 2018 regarding the 
result of the adjourned EGM, the Directors have consulted with the shareholder 
who voted against the proposal to voluntarily wind up the Company pursuant to 
Section 391(1)(b) of The Companies (Guernsey) Law, 2008, as amended. 
 
During this consultation the shareholder has proposed that the Company retains 
its Listing, ceases the managed wind-down and realisation of assets and changes 
its Investment Objectives to permit the Company to make new investments in 
different asset classes to those currently permitted. 
 
The Directors view these proposals to be a significant change from the current 
Investment Objectives approved by more than 75% of those voting in October 
2013. The October 2013 resolution therefore remains in place unless otherwise 
changed by shareholders and the Board believes it has to continue with the 
current realisation strategy, in particular with respect to the lease 
negotiations and disposal at Curno. 
 
Company website: retail.axa-im.co.uk/axa-property-trust 
 
All Enquiries: 
 
Investment Manager 
AXA Investment Managers UK Limited 
Broker Services 
7 Newgate Street 
London EC1A 7NX 
United Kingdom 
 
Broker 
Stifel Nicolaus Europe Limited 
150 Cheapside 
London EC2V 6ET 
United Kingdom 
Tel: [phone] 
 
Company Secretary 
Northern Trust International Fund 
Administration Services (Guernsey) Limited 
PO Box 255 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey GY1 3QL 
 
Channel Islands 
 
 
 
 
END 
 

(END) Dow Jones Newswires

October 05, 2018 10:00 ET (14:00 GMT)