Standard LifeInvProp Result of AGM

 
TIDMSLI 
 
Standard Life Investments Property Income Trust Limited 
 (an authorised closed-ended investment company incorporated in Guernsey with 
                          registration number 41352) 
                       LEI Number: 549300HHFBWZRKC7RW84 
                                (The "Company") 
 
30 JUNE 2020 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held on 30 June 2020 all Ordinary 
and Special Resolutions set out in the Annual General Meeting Notice sent to 
Shareholders dated 26 May 2020 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         111,019,970         6,468            0         268,901 
 
      2         110,897,586         6,468         333,022      58,263 
 
      3         110,786,774         6,468         449,072      53,025 
 
      4         111,281,213         6,468            0          7,658 
 
      5         110,973,980         6,468         294,407      20,484 
 
      6         111,085,151         6,468         157,350      46,370 
 
      7         111,048,016         6,468         182,592      58,263 
 
      8         110,923,991         6,468         306,617      58,263 
 
      9         110,931,516         6,468         299,092      58,263 
 
     10         110,847,934         6,468         382,674      58,263 
 
     11         111,081,516         6,468         149,092      58,263 
 
     12         111,207,254         6,468         27,629       53,988 
 
   Special          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
     13         107,845,317         6,468        3,379,650     63,904 
 
     14         100,282,546         6,468       11,004,757      1,567 
 
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 
 
To authorise the Company, in accordance with The Companies (Guernsey) Law, 
2008, as amended to make market acquisitions of its own shares of 1 pence each 
(either for retention as treasury shares for future resale or transfer or 
cancellation) provided that: 
 
a. the maximum number of ordinary shares herby authorised to be purchased shall 
be 14.99 percent 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 1 pence; 
 
c. the maximum price (exclusive of expenses) which may be paid for an ordinary 
share shall be the higher of (i) 105 percent 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 acquisition 
and (ii) the higher of the last independent trade and the highest current bid 
on the trading venue on which the purchase is carried out; and 
 
d. unless previously varied, revoked or renewed, the authority herby conferred 
shall expire on 30 December 2021 or, if earlier, at the conclusion of the 
Annual General Meeting of the Company to be held in 2021, save that the Company 
may, prior to such expiry, enter into a contract to acquire ordinary shares 
under such authority and may make an acquisition of ordinary shares pursuant to 
any such contract. 
 
Special Resolution 14 
 
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 of the Company ("equity shares") 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 of 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 GBP406,865 being approximately 10 percent of the nominal value 
of the issues share capital of the Company, as at 15 May 2020. 
 
 
 
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 
 

(END) Dow Jones Newswires

June 30, 2020 06:31 ET (10:31 GMT)