IMPT.L Regulatory News (IMPT)

29 May 2009 11:44



Close High Income Properties PLC

Results of Annual General Meeting

At the Annual General Meeting of Close High Income Properties PLC ("the Company") held on 29 May 2009, the Ordinary Resolutions numbered 1 to 5 as detailed in the Annual Report and Financial Statements for the year ended 31 December 2008 were all duly passed.

In addition the following Special Resolutions was passed:

 It was resolved that the Company be and is hereby authorised generally for the purposes  of Section 13 of the Companies Act 1992 to make market purchases (as defined in Section 13(2) of the said Act) of Ordinary Shares of £0.01 each ("Ordinary Shares") and/or "D" Ordinary Shares of £0.01 each ("D" Shares") in the capital of the Company provided that:

The maximum number of Ordinary Shares and/or "D" Shares hereby authorised to be purchased is 14.99% of the total Ordinary Shares and "D" Shares in issue;

The minimum price which may be paid for such Ordinary Shares and/or "D" Shares is the nominal amount thereof;

The maximum price (exclusive of expenses) which may be paid for such Ordinary Shares and/or "D" Shares shall be 5 per cent above the average of the relevant middle market quotations taken from the Daily Official List of the London Stock Exchange for the five business days immediately preceding the day on which a purchase is made.

The authority hereby conferred shall (unless previously renewed or revoked) expire on the earlier of the next annual general meeting of the Company and the date which is eighteen months after the date on which this resolution is passed.

The Company may make a contract to purchase its own Ordinary Shares and/or "D" Shares under the authority hereby conferred prior to the expiry of such authority which will or may be executed wholly or partly after the expiry of such authority, and may make a purchase of its own Ordinary Shares and/or "D" Shares in pursuance of any such contract.

For further information please contact:

Peter Roscrow, Close Investments Limited 

Tel: 020 7426 4174