Result of EGM

RNS Number : 7680Q

UK Commercial Property Trust Ltd

09 August 2010

 



UK Commercial Property Trust Limited (the "Company")

9 August 2010

Results of Extraordinary General Meeting

The Board announces that the resolutions relating to the recommended proposals in relation to the acquisition of the business and assets of F&C Commercial Property Trust Limited ("FCPT"), details of which were set out in the circular to Shareholders dated 12 July 2010 (the "Scheme") were passed at an Extraordinary General Meeting ("UKCPT Meeting") of the Company held earlier today.

However, the ordinary resolution to approve the participation of FCPT in the Scheme was not passed at the extraordinary general meeting of FCPT held earlier today.  The conditions to the Scheme have not therefore been satisfied and the Scheme will not proceed.

The special resolution to amend the investment policy and articles of association of the Company and the ordinary resolution to approve the related party elements of the Scheme and the issue of shares to Phoenix Life Limited had been put to the UKCPT Meeting and passed on a show of hands.  The details of the proxy votes lodged before the meeting will be available shortly on the Company's website www.ukcpt.co.uk.

In accordance with Listing Rule 9.6.2., two copies of the resolutions passed have been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel: [phone]

Enquiries:

Graeme Caton/Graham Reaves/Nigel Russell	G&N Collective Funds Services Limited	Tel: [phone]
Gary Hutcheson	Ignis Investment Services Limited	Tel: [phone]
John Llewellyn-Lloyd/Peter Tracey/Richard Crawley/Sunil Sanikop	Execution Noble & Company Limited	Tel: [phone]
Stephanie Highett/Richard Sunderland/Rachel Drysdale/Olivia Goodall	Financial Dynamics, Financial PR Adviser to UKCPT	Tel: [phone] [e-mail]

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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