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 
                                ("the Company") 
 
                      (LEI Number: 2138001XRCB89W6XTR23) 
 
                       Result of Annual General Meeting 
                               22 November 2017 
 
The Board of are pleased to announce that at the AGM held on 22 November 2017, 
all thirteen resolutions as set out in the Notice dated 20 September 2017 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              64,645,353           111,280             348,571 
 
         2              64,289,109           364,239             451,856 
 
         3              64,278,142           347,635             479,427 
 
         4              64,671,367            23,729             410,108 
 
         5              64,501,396           233,684             370,124 
 
         6              64,557,895           184,143             363,165 
 
         7              64,563,715           272,967             268,521 
 
         8              64,564,659           180,307             360,238 
 
         9              64,483,028           342,289             279,886 
 
        10              64,405,437           364,705             335,061 
 
        11              64,545,133           272,394             287,676 
 
Special Resolution          For              Against            Withheld 
 
        12              64,005,352           619,784             480,067 
 
        13              64,574,870           236,146             294,187 
 
Special Resolution 12 
 
That 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 GBP481,411 being approximately 20 per cent of the issued share 
capital of the Company, as at 20 September 2017. 
 
Special Resolution 13 
 
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 2018 or, if earlier, at the conclusion of 
the Annual General Meeting of the Company to be held in 2018, 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. 
 
 
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 
 
 
 
 
END 
 

(END) Dow Jones Newswires

November 22, 2017 10:37 ET (15:37 GMT)