Shareholder Circular posting and Notice of GM

RNS Number : 8021R

TR Property Investment Trust PLC

22 November 2012

 



TR PROPERTY INVESTMENT TRUST PLC (the "Company")

Proposed Conversion of Sigma Shares into Ordinary Shares

Introduction

Further to the Company's announcement on 26 September in relation to the proposed conversion of Sigma Shares into Ordinary Shares and a merger of the underlying portfolios, the Company has today published a circular and Notice of General Meeting and Class Meetings of Shareholders to be held on 14 December 2012. 

The circular sets out further details of the proposed conversion, details of the expected benefits of the proposals for Shareholders and a recommendation from the Directors of the Company that Shareholders vote in favour of the resolutions at the General Meeting and Class Meetings.

The circular will be available for inspection at the National Storage Mechanism which is located at www.morningstar.co.uk/uk/NSM and on the Company's website www.trproperty.com

The deadline for receipt of Forms of Proxy for shareholders to vote is 10.30 a.m. on 12 December (and 10.30 a.m. on 10 December for Forms of Direction for investors who hold their Shares through the Alliance Trust Savings Plan). To ensure that the class meetings are quorate the Board would like to encourage all Shareholders to return their Forms of Proxy and Forms of Direction for both the General Meeting and the relevant Class Meetings ahead of this time.

Expected Timetable

Latest time and date for receipt of Forms of Direction                   10.30 a.m. on 10 December

Latest time and date for receipt of Forms of Proxy for
the General Meeting and Class Meetings                                             10.30 a.m. on 12 December

Calculation Date for Conversion Ratio                                                   12 December

General Meeting                                                                                             10.30 a.m. on 14 December

Class Meetings                                                                                                 Following the General Meeting

Announcement of Conversion Ratio and results of the
General Meeting and Class Meetings                                                     14 December

Record date for Conversion                                                                        Close of business on 14 December

Dealings in Sigma Shares suspended                                                      7.30 a.m. on 17 December

Dealings commence in new Ordinary Shares arising
on Conversion                                                                                                  8 a.m. on 17 December

Cancellation of listing of Sigma Shares                                                  8 a.m. on 18 January                                      

Contact:

Chris Lunn, Cenkos Securities                                                      0207 397 1912

Dion Di Miceli, Cenkos Securities                                             0207 397 1921

Marcus Phayre-Mudge, Thames River Capital                        0207 360 1331

 

END

 

 

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