Result of AGM

2 Dec 2008 16:28



2 December 2008

AXA PROPERTY TRUST LIMITED

Result of Annual General Meeting

At the Annual General Meeting held on 2 December 2008, the following Special Resolution was passed; 

Special Resolution 

IT WAS RESOLVED THAT the Company be authorised, in accordance with Section 315 of the Companies (Guernsey) Law 2008, as amended, to market acquisitions of ordinary shares of No Par Value each ("Ordinary Shares") (either for retention as treasury shares or 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 2009 or, if earlier at the conclusion of the Annual  General Meeting of the Company to be held in 2009, 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.

All Enquiries:

The Company Secretary 

Northern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar Court

Les Banques

St Peter PortGuernsey

GY1 3QL

Tel: 01481 745529