Last checked at 23 May 2013 18:25
23 May 2013
F&C COMMERCIAL PROPERTY TRUST LIMITED
Result of Annual General Meeting
At the Annual General Meeting of the Company held on 23 May 2013, all Resolutions apart from Resolutions 11 and 12 as set out in the AGM Notice sent to shareholders dated 23 April 2013 were duly passed.
Special Resolution 13 was passed being that the Company be authorised to market acquisitions of ordinary shares of 1p each ("Ordinary Shares") (either for retention as treasury shares for future resale or transfer, or cancellation), provided that the maximum number of Ordinary Shares hereby authorised to be purchased shall be 14.99 per cent per annum of the Ordinary Shares in issue immediately following the passing of this resolution; the minimum price shall be 1p and the maximum price shall be not more than the higher of (i) 105 per cent of the average of the middle market quotations for the Ordinary Shares as derived from the Daily Official List of the London Stock Exchange plc for the five business days before the day the purchase is made and (ii) the higher of the price of the last independent trade and the highest independent bid at the time of the purchase for the Ordinary Shares.
Special Resolution 14 was passed approving that the authorised aggregate remuneration of the Directors shall be increased from £300,000 to £400,000 per annum and the Company's Articles of Incorporation be altered to reflect this change accordingly.
In accordance with Listing Rule 9.6.2 a copy of the special resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.hemscott.com/nsm.do.
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