Balanced Commercial Property Trust Regulatory News (BCPT)

1 May 2009 13:50



RISANNOUNCEMENT

F&C COMMERCIAL PROPERTY TRUST LIMITED

1 MAY 2009

Result of Annual General Meeting

At the Annual General Meeting held on 1 May 2009, the following Special Resolution was passed; 

Resolution 7

IT WAS RESOLVED THAT the Company be authorised, in accordance with Section 315 of the Companies (Guernsey) Law, 2008, to make market acquisitions (within the meaning of section 316(1) of the Companies (Guernsey) Law, 2008) of ordinary shares of 1p each ("Ordinary Shares") (either for retention as treasury shares for future resale or transfer, or cancellation), 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; 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 2010, or on 31 October 2010, 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.

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 745529

Fax: 01481 745085

---

ENDRAGCKDKQBBKDCPK