UK Comm Prop Tst Ltd Result of AGM

 
TIDMUKCM 
 
UK COMMERCIAL PROPERTY TRUST LIMITED 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 45387) 
 
                       Result of Annual General Meeting 
 
                                 21 June 2017 
 
At the Annual General Meeting of the Company held on 21 June 2017, all Ordinary 
Resolutions set out in the AGM Notice sent to shareholders dated 17 May 2017 
were duly passed and, the following Special Resolutions were passed; 
 
SPECIAL RESOLUTION 1 
 
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 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 19 April 2017. 
 
SPECIAL RESOLUTION 2 
 
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 2018 or, if earlier, on the 
expiry of 15 months from the passing of this resolution, 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. 
 
Copies of the Special Resolutions have been submitted to the National Storage 
Mechanism and will shortly be available for inspection at www.hemscott.com/ 
nsm.do 
 
All Enquiries: 
 
The Company Secretary 
Northern Trust International Fund Administration Services (Guernsey) Limited 
PO Box 255 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel: [phone] 
 
 
 
 
END 
 

(END) Dow Jones Newswires

June 21, 2017 06:13 ET (10:13 GMT)