2 Feb 2012 16:35

STANDARD LIFE EUROPEAN PRIVATE EQUITY TRUST PLC (THE "COMPANY")
RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 2 FEBRUARY 2012
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The Board is pleased to announce that at the Annual General Meeting ("AGM") held on 2 February 2012, all resolutions set out in the Notice of Annual General Meeting put to the AGM were passed by the requisite majority on a show of hands. As announced earlier today, Mr Taylor has resigned as a non-executive director of the Company with effect from 2 February 2012. Accordingly, resolution 6 was not put to the AGM.
The Board is pleased to announce the following proxy results of the resolutions put forward at the AGM.
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Ordinary Resolutions | Votes For (inc. discretionary) | Votes Against | Votes Withheld¹ | Total Votes² | |
1. | That the report and accounts for the year ended 30 September 2011, the Directors' report, the Directors' remuneration report and the independent auditors' report be received. | 133,310,588 | 2,300 | 411 | 133,312,888 |
2. | That the Directors' remuneration report for the year ended 30 September 2011 be approved. | 133,261,067 | 52,232 | 0 | 133,313,299 |
3. | That the final dividend of 1.3p per ordinary share be approved. | 133,309,764 | 3,535 | 0 | 133,313,299 |
4. | That Mr Barbour be elected as a Director. | 133,311,653 | 0 | 1,646 | 133,311,653 |
5. | That Mr Dobbie be re-elected as a Director. | 133,308,562 | 200 | 4,537 | 133,308,762 |
6. | That Mr Taylor be re-elected as a Director.3 | 133,307,653 | 4,000 | 1,646 | 133,311,653 |
7. | That Mr Warner be re-elected as a Director. | 133,308,562 | 200 | 4,537 | 133,308,762 |
8. | That Mr Warnock be re-elected as a Director. | 133,207,126 | 104,527 | 1,646 | 133,311,653 |
9. | That Mr Workman be re-elected as a Director. | 133,195,957 | 115,696 | 1,646 | 133,311,653 |
10. | That PricewaterhouseCoopers LLP be re-appointed as auditors and that their remuneration be fixed by the Directors. | 133,292,840 | 10,190 | 10,269 | 133,303,030 |
11. | To renew the authority to offer scrip dividends. | 133,210,107 | 103,192 | 0 | 133,313,299 |
12. | That the Directors be authorised to allot shares in the Company up to an aggregate nominal amount of £107,664.40. | 133,310,732 | 2,156 | 411 | 133,312,888 |
Special Resolutions | |||||
13. | That the Directors be authorised to allot equity securities for cash in accordance with section 570 of the Companies Act 2006 (disapplication of pre-emption rights). | 133,300,364 | 12,524 | 411 | 133,312,888 |
14. | That the Company be authorised to buy-back shares of up to 14.99% of the Company's issued ordinary share capital. | 133,310,821 | 2,478 | 0 | 133,313,299 |
Related Party Resolution4 | |||||
15. | To approve the adoption of an amended investment management agreement incorporating the Company's new investment management incentive arrangements. | 44,753,630 | 5,527,245 | 83,032,424 Â | 50,280,875 |
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Notes
1A "Vote Withheld" is not a vote in law and has not been counted in the calculation of "Total Votes" in respect of each resolution.
2The "Total Votes" for each resolution is the total of "Votes For (inc. discretionary)" and "Votes Against" that resolution.
3 Due to the resignation of Mr Taylor as a non-executive director, which was announced on, and effective from, 2 February 2012, the resolution regarding his re-election was not put to the AGM.
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4 The Company's investment manager is SL Capital Partners LLP. SL Capital Partners LLP, Standard Life plc and those shareholders who were the respective Associates (as defined in the Listing Rules) of SL Capital Partners LLP and/or Standard Life plc were not permitted to vote on this resolution.
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PASSING OF RESOLUTIONS AT THE AGM OF THE COMPANY
A copy of the [above/this] document will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.
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For Standard Life European Private Equity Trust PLC
Aberdeen Asset Management PLC, Secretary
2 February 2012