Last checked at 21 May 2008 16:09
21 May 2008
F&C Commercial Property Trust Limited
Result of Annual General Meeting
At the Annual General Meeting held on 21 May 2008, the following Special Resolution was passed;
Resolution 1
IT WAS RESOLVED THAT the Company be authorised, 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") (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 2009, or on 20 November 2009, 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 745001
Fax: 01481 745051