Last checked at 8 Jul 2022 13:22
VALUE AND INDEXED PROPERTY INCOME TRUST PLC
Result of Annual General Meeting
The Board announces that at the Annual General Meeting of Value and Indexed Property Income Trust PLC, held at 12.30pm today, Friday, 8 July 2022, at the offices of Shepherd & Wedderburn LLP, 1 Exchange Crescent, Conference Square, Edinburgh EH3 8UL, Ordinary Resolutions numbered 1 to 10, inclusive, and Special Resolutions numbered 11 to 13, inclusive, as set out in the Notice of Annual General Meeting within the 2022 Annual Report, were passed on a show of hands.
At the record date for the Annual General Meeting, being 6 July 2022, the total number of voting rights in the Company stood at 43,557,464 and the total number of shares in issue was 43,557,464 (excluding 1,992,511 shares held in treasury). The Company advises that for the Annual General Meeting, 105 valid proxy appointments were made in respect of up to 16,151,163 shares.
In relation to Resolution 12 (authority to make market purchases of Ordinary Shares either for cancellation or for holding in treasury), 14.99% of the Company's issued Ordinary Share capital equated to 6,529,263 Ordinary Shares as at the date of the passing of the Resolution.
The numbers of proxy votes cast in respect of each Resolution were as follows:
| For and Chairman's Discretion | Against | Votes | Total Votes | ||
Resolution | No. of | % of | No. of | % of | Withheld | (excluding Votes Withheld) |
Number | Votes | Votes Cast | Votes | Votes Cast |
| |
1 | 15,512,665 | 96.05 | 638,498 | 3.95 | 0 | 16,151,163 |
2 | 15,403,466 | 95.44 | 735,199 | 4.56 | 12,498 | 16,138,665 |
3 | 15,467,138 | 95.76 | 684,025 | 4.24 | 0 | 16,151,163 |
4 | 14,485,711 | 89.76 | 1,651,877 | 10.24 | 13,575 | 16,137,588 |
5 | 14,771,813 | 91.52 | 1,369,213 | 8.48 | 10,137 | 16,141,026 |
6 | 14,616,312 | 90.56 | 1,522,975 | 9.44 | 11,876 | 16,139,287 |
7 | 15,402,924 | 95.43 | 738,102 | 4.57 | 10,137 | 16,141,026 |
8 | 15,471,942 | 95.86 | 668,658 | 4.14 | 10,563 | 16,140,600 |
9 | 15,483,963 | 95.88 | 665,779 | 4.12 | 1,421 | 16,149,742 |
10 | 15,506,058 | 96.01 | 645,105 | 3.99 | 0 | 16,151,163 |
11 | 15,388,158 | 95.28 | 763,005 | 4.72 | 0 | 16,151,163 |
12 | 15,433,960 | 95.56 | 717,203 | 4.44 | 0 | 16,151,163 |
13 | 15,355,821 | 95.15 | 782,931 | 4.85 | 12,411 | 16,138,752 |
Copies of Resolutions 11, 12 and 13, all of which were passed at the AGM, have been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at:
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism*
A copy of the Investment Manager's AGM presentation together with a copy of the 2022 Annual Report will shortly be available to download from the website of the Company's Investment Manager, OLIM Property Limited, at:
https://www.olimproperty.co.uk/value-and-indexed-property-income-trust.html*
*Neither the website of the Company's Investment Manager, nor the NSM website, nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.
Enquiries:
Miranda Kelly
Maven Capital Partners UK LLP
Company Secretary
Tel: 0141 306 7400
8 July 2022