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Result of AGM

6 Aug 2010 15:02

RNS Number : 7006Q
Alpha Tiger Property Trust Limited
06 August 2010
 



6 August 2010

 

ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER" OR THE COMPANY")

RESULT OF AGM

 

At the Annual General Meeting of Alpha Tiger Property Trust Limited held today Friday, 6 August 2010, the proposed resolutions were all duly approved by the shareholders.

In relation to the share buyback resolution, shareholders should note that any share buyback would be likely to increase the shareholding of Antler Investment Holdings Limited ("Antler") and those persons who are deemed to be acting in concert with it (being the Antler Concert Party referred to below). Such persons currently hold 44.99 per cent. of the Company's total issued share capital.

Accordingly, notwithstanding the passing of the share buyback resolution, the implementation of any share buyback would normally require a waiver to be obtained from the Takeover Panel in relation to such resolution and such waiver to be approved by independent shareholders. Unless such a waiver is obtained and approved, Antler and the members of the Antler Concert Party would normally be obliged under Rule 9 and Rule 37 of the Takeover Code to make a mandatory offer for the Company in the event that their aggregate holding increased as a result of the share buyback.

 

For further information please contact:

Alpha Tiger Property Trust Limited

David Jeffreys, Chairman, Alpha Tiger +44 (0) 1481 723 450

Brad Bauman, Joint Fund Manager, Alpha Tiger +44 (0) 20 7268 0300

 

Panmure Gordon, Nominated Adviser to the Company

Richard Gray/Andrew Potts/Stuart Gledhill +44 (0) 20 7459 3600

In accordance with the Takeover Code, the members of the Antler Concert Party and their respective shareholdings in Alpha Tiger are as follows:

 

Number

%

Alpha Real Capital LLP

0

0.00

Phillip Rose

239,695

0.42

Brad Bauman

55,006

0.10

Sir John Beckwith

0

0.00

IPGL Limited

3,000,000

5.32

IPGL Property Funds Limited

10,100

0.02

Ronnie Armist

500

0.00

Antler Investment Holdings Limited

22,075,000

39.13

Total

25,380,301

44.99

 

 

Notes to editors:

About Alpha Tiger Property Trust

Further information is available at www.alphatigerpropertytrust.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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