Worsley Inv Ltd Regulatory News (WINV)

10 Dec 2007 16:32

AXA Property Trust Ld10 December 2007 10 December 2007 AXA PROPERTY TRUST LIMITED Result of Annual General Meeting At the Annual General Meeting held on 10 December 2007, the following SpecialResolutions were passed; Special Resolution 1 IT WAS RESOLVED THAT the Company be authorised, in accordance with Section 5 ofthe Companies (Purchase of Own Shares) Ordinance 1998 ("the Ordinance"), to makemarket purchases (within the meaning of Section 18 of the Ordinance) of theOrdinary Shares of no par value each ( " Ordinary Shares") either for retentionas treasury shares of transfer, or cancellation, 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 expenses) which may be paid for an Ordinary Share shall be 105 per cent of the average of the middle market quotation (as derived from the Daily Official List) for the ordinary Shares for the five business days immediately preceding the date of purchase: and d) unless previously varied, revoked or renewed, the authority hereby conferred shall expire on 31 December 2008 or, if earlier at the conclusion of the Annual General Meeting of the Company to be held in 2008, save that the Company may, prior to such expiry, enter into a contract to purchase Ordinary Shares under such authority and may make a purchase of Ordinary Shares pursuant to any such contract. Special Resolution 2 IT WAS RESOLVED THAT the Company be authorised, in accordance with section 1 ofThe Companies (Purchase of Own Shares) (Treasury Shares) Ordinance, 2006, tohold any shares, purchased by it in accordance with the Companies (Purchase ofOwn Shares) Ordinance, 1998, and out of distributable profits, as treasuryshares, by way of an amendment to the Company's articles of association as setout in the proposed articles of association tabled at the Annual General Meetingwhich will replace the Company's existing articles of association. Special Resolution 3 IT WAS RESOLVED THAT the Company be authorised to lend or act as guarantor onbehalf of third parties, by way of an amendment to the Company's articles ofassociation as set out in the proposed articles of association tabled at theAnnual General Meeting which will replace the Company's existing articles ofassociation. Resolution 4 IT WAS RESOLVED THAT the articles of association of the Company be amended toreflect the changes requested pursuant to Special Resolutions 2 and 3 bydeleting the existing articles of association in their entirety and replacingthem with the articles of association as tabled at the Annual General Meeting. All Enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Tel: 01481 745529 This information is provided by RNS The company news service from the London Stock Exchange