BREI.L Regulatory News (BREI)

22 Nov 2007 17:29

ISIS Property Trust 2 Limited22 November 2007 22 November 2007 ISIS PROPERTY TRUST 2 LIMITED Result of Annual General Meeting At the Annual General Meeting held on 21 November 2007, the following OrdinaryResolutions were passed; Resolution 1 IT WAS RESOLVED that the accounts and the report of the Directors and of theAuditors for the year ended 30 June 2007 be approved. Resolution 2 IT WAS FURTHER RESOLVED that Mr A E Gulliford, who retired by rotation, be reelected as a Director. Resolution 3 IT WAS FURTHER RESOLVED that Ernst & Young LLP, be re-appointed as Auditors. Resolution 4 IT WAS FURTHER RESOLVED that the Directors be authorised to determine Auditors'remuneration. Furthermore the following Special Resolutions were also passed; Resolution 5 IT WAS RESOLVED THAT the Company be authorised, in accordance with Section 5 ofThe Companies (Purchase of Own Shares) Ordinance 1998 ("The Ordinance") to makemarket purchases (within the meaning of Section 18 of the Ordinance) of ordinaryshares of 1p each ("Ordinary Shares") (either for retention as treasury sharesor transfer or cancellation), provided that; (a) the maximum number of Ordinary Shares hereby authorised to be purchasedshall be 14.99 per cent of the issued Ordinary Shares on the date on which thisresolution 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 OrdinaryShare shall be 105 per cent of the average of the middle market quotations (asderived from the Daily Official List) for the Ordinary Shares for the fivebusiness days immediately preceding the date of purchase; and (d) unless previously varied, revoked or renewed, the authority hereby conferredshall expire on 21 February 2009 or, if earlier, at the conclusion of the AnnualGeneral Meeting of the Company to be held in 2008, save that the Company may,prior to such expiry, enter into a contract to purchase Ordinary Shares undersuch authority and may make a purchase of Ordinary Shares pursuant to any suchcontract. Resolution 6 IT WAS FURTHER RESOLVED THAT the Company be authorised, in accordance withSection 1 of The Companies (Purchase of Own Shares) (Treasury Shares) Ordinance2006 to hold any shares purchased by it in accordance with the Companies(Purchase of Own Shares) Ordinance 1998 and out of distributable profits, astreasury shares, by way of an amendment to the Company's articles of associationas set out in the proposed articles of association tabled at the Meeting whichwill replace the Company's existing articles of association. Resolution 7 IT WAS FURTHER RESOLVED THAT the limit of the remuneration payable to directorsof the Company be changed from £125,000 to £200,000 by way of an amendment tothe Company's articles of association as set out in the proposed articles ofassociation tabled at the Meeting which will replace the Company's existingarticles of association. Resolution 8 IT WAS FURTHER RESOLVED THAT the articles of association of the Company beamended to reflect the changes requested pursuant to resolution 6 and 7 bydeleting the existing articles of association in their entirety and replacingthem with the articles of association as tabled at the Meeting. All Enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Tel: 01481 745338 This information is provided by RNS The company news service from the London Stock Exchange