Result of AGM

RNS Number : 3552U

Standard Life Invs Property Inc Tst

13 May 2008

 

13 May 2008

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED

Result of Annual General Meeting

At the Annual General Meeting held earlier today, the following Special Resolution was passed; 

Resolution 5

IT WAS RESOLVED To authorise the Company, in accordance with Section 5 of the Companies (Purchase of Own Shares) Ordinance 1998 ('the Ordinance'), to make market purchases (within the meaning of Section 18 of the Ordinance) of ordinary shares of 1p each ('Ordinary Shares') provided that;

a) the maximum number of Ordinary Shares hereby authorised to be purchased shall be 14.99 per cent of the issued Ordinary Shares on the date on which this resolution is passed;

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 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; 

d) unless previously varied, revoked or renewed, the authority hereby conferred shall expire on 13 November 2009 or, if earlier, at the conclusion of the Annual General Meeting of the Company to be held in 2009, 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.

All Enquiries:

The Company Secretary 

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: [phone]

 

END

 

 

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