BREI.L Regulatory News (BREI)

21 Nov 2008 12:50



20 November 2008

ISIS PROPERTY TRUST 2 LIMITED

Result of Annual General Meeting

At the Annual General Meeting held on 19 November 2008, the following Special Resolutions were passed; 

Special Resolution 1

IT WAS RESOLVED THAT the Company be authorised, in accordance with section 315 of the Companies (Guernsey) Law, 2008 (the 'Law'), to make market purchases (within the meaning of section 316 or the law) of ordinary shares of 1p each ("Ordinary Shares") (either for retention as treasury shares 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 previous varied, revoked or renewed, the authority hereby conferred shall expire on 21 February 2010 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.

Special Resolution 2 

IT WAS RESOLVED THAT the name of the Company be changed from ISIS Property Trust 2 Limited to IRP Property Investments Limited, with effect from 3 December 2008 and the Memorandum and Articles of Association of the Company be amended accordingly.

All Enquiries:

The Company Secretary 

Northern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar Court

Les Banques

St Peter PortGuernsey

GY1 3QL

Tel: 01481 745529