F&C COMMERCIAL PROPERTY TRUST LIMITED
(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 50402)
Result of Annual General Meeting
2 June 2016
At the Annual General Meeting of the Company held on 2 June 2016, all ordinary resolutions set out in the Annual General Meeting Notice sent to Shareholders dated 4 April 2016 were duly passed.
Details of the proxy voting results which should be read alongside the Notice are noted below:
Ordinary Resolution | For | Discretion Abstain (voted in favour) | Against | Abstain |
1 | 346,629,053 | 67,322 | 18,698 | 21,011 |
2 | 346,283,899 | 67,322 | 241,079 | 143,784 |
3 | 346,505,486 | 67,322 | 101,790 | 61,486 |
4 | 346,526,163 | 67,322 | 90,769 | 51,830 |
5 | 346,515,949 | 67,322 | 75,008 | 77,805 |
6 | 346,562,114 | 67,322 | 60,593 | 46,055 |
7 | 346,498,640 | 67,322 | 72,267 | 97,855 |
8 | 346,531,512 | 67,322 | 73,008 | 64,242 |
9 | 346,213,437 | 67,322 | 419,012 | 36,313 |
10 | 346,237,829 | 67,322 | 115,690 | 315,243 |
11 | 346,513,516 | 67,322 | 117,734 | 37,512 |
Special Resolution | For | Discretion Abstain (voted in favour) | Against | Abstain |
12 | 346,387,590 | 67,322 | 201,039 | 80,133 |
13 | 346,496,665 | 67,322 | 123,725 | 48,372 |
14 | 338,784,191 | 67,322 | 7,828,057 | 56,514 |
Note - A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution.
The Special Resolutions were as follows;
(a) expires at the conclusion of the next Annual General Meeting of the Company after the passing of this resolution or on the expiry of 15 months from the passing of this resolution, whichever is the earlier, save that the Company may, before such expiry, make an offer or agreement which would or might require equity securities to be allotted after such expiry and the Directors may allot equity securities in pursuance of any such offer or agreement as if the power conferred hereby had not expired; and
(b) shall be limited to the allotment of equity securities up to an aggregate nominal value of £799,366 being approximately 10 per cent of the nominal value of the issued share capital of the Company, as at 4 April 2016.
(a) the maximum number of Ordinary Shares hereby authorised to be purchased shall be 14.99 per cent of the issued Ordinary Shares
(b) the minimum price which may be paid for an Ordinary Share shall be 1p;
(c) the maximum price (exclusive of expenses) which may be paid for an Ordinary Share shall be the higher of (i) 105 per cent of the average of the middle market quotations (as derived from the Daily Official List) for the Ordinary Shares for the five business days immediately preceding the date of purchase; and (ii) the higher of the last independent trade and the highest current independent bid on the trading venue which the purchase is carried out; and
(d) unless previously varied, revoked or renewed, the authority hereby conferred shall expire at the conclusion of the Annual General Meeting of the Company to be held in 2017, or on 2 December 2017, whichever is the earlier, save that the Company may, prior to such expiry, enter into a contract to purchase Ordinary Shares under such authority and may make a purchase of Ordinary Shares pursuant to any such contract.
A copy of the proxy voting for each resolution is available of the Company’s website, www.fccpt.co.uk.
All Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
END