Last checked at 2 Aug 2023 14:02
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, Wednesday, 2 August 2023, at the Kingham Room, Broadway House Conference Centre, Tothill Street, London SW1H 9NQ, Ordinary Resolutions numbered 1 to 12, inclusive, and Special Resolutions numbered 13 to 15, inclusive, as set out in the Notice of Annual General Meeting within the 2023 Annual Report, were passed on a show of hands.
At the record date for the Annual General Meeting, being 31 July 2023, the total number of voting rights in the Company stood at 42,957,464 and the total number of shares in issue was 42,957,464 (excluding 2,592,511 shares held in treasury). The Company advises that for the Annual General Meeting, 98 valid proxy appointments were made in respect of up to 14,966,745 shares.
In relation to Resolution 14 (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 6,439,323 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 | 14,955,564 | 99.93 | 11,181 | 0.07 | 0 | 14,966,745 |
2 | 14,809,200 | 99.23 | 114,193 | 0.77 | 43,352 | 14,923,393 |
3 | 14,802,200 | 99.19 | 121,193 | 0.81 | 43,352 | 14,923,393 |
4 | 14,954,564 | 99.92 | 12,181 | 0.08 | 0 | 14,966,745 |
5 | 13,969,853 | 93.41 | 985,982 | 6.59 | 10,910 | 14,955,835 |
6 | 14,210,370 | 95.01 | 746,715 | 4.99 | 9,660 | 14,957,085 |
7 | 14,026,978 | 93.79 | 928,107 | 6.21 | 11,660 | 14,955,085 |
8 | 14,708,922 | 98.35 | 246,164 | 1.65 | 11,659 | 14,955,086 |
9 | 14,721,422 | 98.44 | 233,664 | 1.56 | 11,659 | 14,955,086 |
10 | 14,883,820 | 99.61 | 58,499 | 0.39 | 24,426 | 14,942,319 |
11 | 14,901,836 | 99.69 | 45,804 | 0.31 | 19,105 | 14,947,640 |
12 | 14,895,277 | 99.53 | 69,946 | 0.47 | 1,522 | 14,965,223 |
13 | 14,717,520 | 98.48 | 227,686 | 1.52 | 21,539 | 14,945,206 |
14 | 14,868,089 | 99.34 | 98,656 | 0.66 | 0 | 14,966,745 |
15 | 14,894,557 | 99.53 | 69,777 | 0.47 | 2,411 | 14,964,334 |
Copies of Resolutions 12, 13 and 14 and 15, 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 will be available shortly 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
2 August 2023