Result of AGM

RNS Number : 7006Q

Alpha Tiger Property Trust Limited

06 August 2010

 



6 August 2010

ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER" OR THE COMPANY")

RESULT OF AGM

At the Annual General Meeting of Alpha Tiger Property Trust Limited held today Friday, 6 August 2010, the proposed resolutions were all duly approved by the shareholders.

In relation to the share buyback resolution, shareholders should note that any share buyback would be likely to increase the shareholding of Antler Investment Holdings Limited ("Antler") and those persons who are deemed to be acting in concert with it (being the Antler Concert Party referred to below).  Such persons currently hold 44.99 per cent. of the Company's total issued share capital. 

Accordingly, notwithstanding the passing of the share buyback resolution, the implementation of any share buyback would normally require a waiver to be obtained from the Takeover Panel in relation to such resolution and such waiver to be approved by independent shareholders.  Unless such a waiver is obtained and approved, Antler and the members of the Antler Concert Party would normally be obliged under Rule 9 and Rule 37 of the Takeover Code to make a mandatory offer for the Company in the event that their aggregate holding increased as a result of the share buyback.

For further information please contact:

Alpha Tiger Property Trust Limited

David Jeffreys, Chairman, Alpha Tiger                              [phone]

Brad Bauman, Joint Fund Manager, Alpha Tiger                [phone]

Panmure Gordon, Nominated Adviser to the Company

Richard Gray/Andrew Potts/Stuart Gledhill                       [phone]

In accordance with the Takeover Code, the members of the Antler Concert Party and their respective shareholdings in Alpha Tiger are as follows:

	Number	%
Alpha Real Capital LLP	0	0.00
Phillip Rose	239,695	0.42
Brad Bauman	55,006	0.10
Sir John Beckwith	0	0.00
IPGL Limited	3,000,000	5.32
IPGL Property Funds Limited	10,100	0.02
Ronnie Armist	500	0.00
Antler Investment Holdings Limited	22,075,000	39.13
Total	25,380,301	44.99

Notes to editors:

About Alpha Tiger Property Trust

Further information is available at www.alphatigerpropertytrust.com

 

END

 

 

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