HGPC Hend. Global

 

TIDMHGPC 
 
RNS Number : 9157G 
Henderson Global Property Companies 
10 February 2010 
 

                  HENDERSON GLOBAL PROPERTY COMPANIES LIMITED 
                                (THE "COMPANY") 
 
10 February 2010 
 
REVIEW OF DISCOUNT MANAGEMENT POLICY 
 
In November 2008, in the light of the level of discount to net asset value 
("NAV") of the Company's shares prevailing at the time, the board announced that 
shareholders would be given an opportunity to vote on the continuation of the 
Company at the 2009 Annual General Meeting ("AGM") if in the two months to 31 
October 2009, the average level of discount to the Company's NAV (calculated on 
a daily basis) was greater than 10%. In November 2009 the Board reported that 
the average level of discount to NAV for the two month period was 8.1% and that 
the Board would not be putting forward a continuation resolution at the 2009 
AGM. 
 
The Company's shares currently trade at a discount to NAV of 9.01%. Following a 
further review of the discount management policy and having consulted with 
shareholders, the board has decided that the Company should adopt an annual 
review of the level of discount to NAV of the Company's shares. In 2010 and 
future years, shareholders will be given the opportunity to vote on the 
continuation of the Company at the Company's AGM that year if the average level 
of discount to NAV for the three months to 31 October of that year is greater 
than 10%. The discount to NAV will be calculated on a daily basis and taking the 
NAV on a cum income basis. 
 
 
Enquiries: 
 
Sara Bourne 
BNP Paribas Fund Services (Guernsey) Limited 
Tel:  01481 750858 
 
James de Sausmarez 
              Tel:   020 7818 3349 
Head of Investment Trusts 
Henderson Global Investors 
 
Tom Durie 
Oriel Securities Limited 
                Tel: 020 7710 7600 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCBRGDDRDGBGGC 
 

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