SLI.L Regulatory News (SLI)

27 May 2009 14:19

27 May 2009

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED

Result of Annual General Meeting

At the Annual General Meeting held earlier today, the following Special Resolution was passed; 

IT WAS RESOLVED To authorise the Company, in accordance with The Companies (Guernsey) Law, 2008 as amended (the "Law") to make market acquisitions of its own shares 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 expense) 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 acquisition; 

(d) unless previously varied, revoked or renewed, the authority hereby conferred shall expire on 27 November 2010 or, if earlier, at the conclusion of the Annual General Meeting of the Company to be held in 2010, save that the Company may, prior to such expiry, enter into a contract to acquire Ordinary Shares under such authority and may make an acquisition of Ordinary Shares pursuant to any such contract.

All Enquiries:

The Company Secretary 

Northern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar Court

Les Banques

St Peter PortGuernsey

GY1 3QL

Tel: 01481 745529