UK Comm Prop Tst Ltd Notice of EGM

 
TIDMUKCM 
 
UK COMMERCIAL PROPERTY TRUST LIMITED (THE "COMPANY") 
 
3 MAY 2018 
 
REIT CONVERSION 
 
As noted in the annual report and accounts for the year ended 31 December 2017, 
the Board is proposing that the Company and its subsidiaries (the "Group") take 
the necessary steps to enter into the UK REIT regime (the "Proposals"). 
 
In order to facilitate the Group qualifying as a REIT, certain changes are 
required to the Company's articles of incorporation (the "Articles"). These 
changes take account of the REIT regime, specifically the REIT rules regarding 
the payment of dividends to Substantial Shareholders (being a shareholder who 
holds 10 per cent. or more of the Company as more fully described in the 
circular) and the requirement that the Company and its Group is UK resident for 
tax purposes. 
 
The Company has today published and sent to Shareholders a circular setting out 
further details of the Proposals and proposing a resolution to approve the 
necessary amendments to the Articles in connection with the Proposals and the 
change of the Company's name to UK Commercial Property REIT Limited with effect 
from the Group's entry in to the REIT regime, which is expected to take effect 
on 1 July 2018. 
 
The Group's entry into the REIT regime is conditional, inter alia, on the 
approval of Shareholders of the resolution to be proposed at the General 
Meeting to be held at 10:30 a.m. on 29 May 2018 at the offices of Intertrust 
Reads Private Clients Limited, Martello Court, Admiral Park, St. Peter Port, 
Guernsey GY1 3HB. The Company has received an irrevocable undertaking from its 
largest shareholder, Phoenix Life Limited, to support the Proposals. 
 
An expected timetable of the principal events in relation to the Proposals is 
set out below. 
 
                                                                       2018 
 
Latest time and date for receipt of completed Form     10:30 a.m. on 24 May 
of Proxy 
 
General Meeting                                        10:30 a.m. on 29 May 
 
Admission to the REIT regime                                         1 July 
 
 
A copy of the circular will shortly be available for inspection at 
www.morningstar.co.uk/uk/NSM . 
 
A copy of the circular will also be available in electronic form on the 
Company's website at www.ukcpt.co.uk. 
 
Definitions 
 
Terms used and not defined in this announcement have the meanings given in the 
circular. 
 
For further information please contact: 
 
Will Fulton, Standard Life Investments 
Tel: [phone] 
 
Graeme McDonald, Standard Life Investments 
Tel: [phone] 
 
 
 
END 
 

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May 03, 2018 02:01 ET (06:01 GMT)