Result of EGM

RNS Number : 7672Q

F&C Commercial Property Trust Ld

09 August 2010

 



F&C Commercial Property Trust Limited (the "Company" or "FCPT")

9 August 2010

Result of Extraordinary General Meeting

The Board announces that the ordinary resolution to be voted on by the Independent Shareholders of the Company, related to the recommended Scheme, the details of which were published in a circular dated 12 July 2010 (the "Scheme"), was not passed at the Extraordinary General Meeting held earlier today.  The two special resolutions relating to the Scheme, which were conditional on the passing of the ordinary resolution, were therefore not put to the meeting.

The ordinary resolution, which was to approve the related party transaction, was put to the meeting on a poll.  The poll result was as follows:

For: Against: 122,243,779  shares 122,581,298  shares (49.93%) (50.07%)

The conditions of the Scheme have therefore not been satisfied and the Scheme will not proceed.

Although the proposals, which followed the approach from Ignis Investment Services Limited, had the support of a significant majority of Shareholders they did not have the support of a majority of the Independent Shareholders.  The Board with its advisers will now consider the future of the Company and will consult with its key shareholders.

Enquiries:

Graeme Caton/Graham Reaves/Nigel Russell	G&N Collective Funds Services Limited	Tel: [phone]
Robin Archibald	Winterflood Investment Trusts	Tel: [phone]
Douglas Armstrong	Dickson Minto W.S.	Tel: [phone]

Words and expression defined in the circular issued by the Company dated 12 July 2010 have the same meanings when used in this announcement unless the context requires otherwise.

This announcement is not intended to and does not constitute, or form any part of, an offer to sell or an invitation to subscribe for or purchase any securities or the solicitation of any vote or approval in any jurisdiction, pursuant to the Scheme or otherwise. The Scheme will be effected solely through the Circular, which contains the full terms and conditions of the Scheme.

 

END

 

 

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