AXA Property Trust Limited
(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 43007)
LEI Number: 213800AF85VEZMDMF931
(The “Companyâ€)
Receipt of Outline Proposals for the future of the Company
7 December 2018
As previously announced, the shareholder who voted against the proposals to place the Company into voluntary liquidation at the adjourned EGM held in September 2018, had indicated he wished new proposals for the future strategy of the Company to be considered by the Board and, in due course, by shareholders. The Directors had requested that he confirmed and elaborated on the proposals with further detail, including an expanded version of the proposed new investment policy.
In response to the request, which was addressed to Worsley Associates LLP (“WALLPâ€), key elements of outline proposals have now been submitted to the Company by Blake Nixon that:
(collectively, the “Outline Proposalsâ€).
Blake Nixon also confirmed that under the Outline Proposals:
The Board is considering the Outline Proposals and will seek to consult with the Company’s largest shareholders. A further announcement will be made in due course.
In the meantime, the Board will continue to follow the current managed wind-down strategy until such time as shareholders approve any change. In order to support such a change, the Board will require a proposal which is sufficiently detailed to be shared with all shareholders for consideration and which the Board believes could be in the best interests of the Company and its members as a whole.
retail.axa-im.co.uk/axa-property-trust
All Enquiries:
Investment Manager
AXA Investment Managers UK Limited
Broker Services
7 Newgate Street
London EC1A 7NX
United Kingdom
Broker
Stifel Nicolaus Europe Limited
150 Cheapside
London EC2V 6ET
United Kingdom
Tel: +44 (0)20 7710 7600
Company Secretary
Northern Trust International Fund
Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey GY1 3QL
Channel Islands