UK Comm Prop REIT Ltd Result of AGM

 
TIDMUKCM 
 
UK Commercial Property REIT Limited 
  (an authorised closed-ended investment scheme incorporated in Guernsey with 
                          registration number  45387) 
 
                       LEI number: 213800JN4FQ1A9G8EU25 
 
                                (The "Company") 
 
27 August 2020 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held on 27 August 2020, all 
Resolutions set out in the Annual General Meeting Notice sent to Shareholders 
dated 18 June 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         843,475,140        10,150          5,905       507,830 
 
      2         842,751,478        10,150        1,197,628     39,769 
 
      3         843,903,835        10,150         55,399       29,641 
 
      4         843,948,335        10,150         17,801       22,739 
 
      5         843,970,512        10,150         18,363          0 
 
      6         841,957,841        10,150        1,992,034     39,000 
 
      7         842,742,158        10,150        1,207,717     39,000 
 
      8         841,889,747        10,150        2,060,127     39,000 
 
      9         839,908,119        10,150        4,041,755     39,000 
 
     10         841,959,947        10,150        1,989,928     39,000 
 
     11         841,959,947        10,150        1,989,928     39,000 
 
   Special          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
     12         843,936,699        10,150         52,176          0 
 
     13         841,179,961        10,150        2,803,144      5,769 
 
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 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 preemption 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 GBP32,485,312 being approximately 10 per cent of the nominal 
value of the issued share capital of the 
 
Company (including treasury shares), as at 01 June 2020. 
 
Special Resolution 13: 
 
That the Company, be authorised in accordance with section 315 of The Companies 
(Guernsey) Law, 2008, as amended,(the 'Law') to make market acquisitions within 
the meaning of section 316(I) of the Law of its own ordinary shares of 25p each 
("shares") (either for retention as treasury shares for future resale of 
transfer or cancellation), provided that: 
 
(a) the maximum number of shares hereby authorised to be acquired shall be 
equal to 14.99 per cent of the Company's issued share capital on the date on 
which this resolution is passed; 
 
(b) the minimum price (exclusive of expenses) which may be paid for a share is 
25p, being the nominal value per share; 
 
(c) the maximum price (exclusive of expenses) which may be paid for a share 
shall not be more than the higher of (i) an amount equal to 105 per cent of the 
average of the middle market quotations for a share taken from the London Stock 
Exchange's Daily Official List for the five business days immediately preceding 
the day on which the share is purchased and (ii) the higher of the last 
independent trade and the highest current independent bid on the London Stock 
Exchange; 
 
(d) the authority hereby conferred shall expire at the conclusion of the Annual 
General Meeting of the Company to be held in 2021 or, if earlier, on 27 
February 2022, unless such authority is renewed prior to such time; and 
 
(e) the Company may make a contract to purchase Shares under the authority 
hereby conferred prior to the expiry of such authority which will or may be 
executed wholly or partly after the expiration of such authority and may make a 
purchase of Shares pursuant to any such contract. 
 
 
 
Enquiries: 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
PO Box 255 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel:        [phone] 
 
END 
 
 
 
 
END 
 

(END) Dow Jones Newswires

August 27, 2020 08:29 ET (12:29 GMT)