UK Commercial Property REIT
Limited
(An authorised closed-ended investment scheme incorporated in
Guernsey with registration number 45387)
LEI Number: 213800JN4FQ1A9G8EU25
(The “Company”)
16 JUNE2022
RESULT OF ANNUAL GENERAL MEETING
At the Annual General Meeting of the Company held today, all
Resolutions set out in the Annual General Meeting Notice sent to
Shareholders dated 6 May 2022 were
duly passed on a show of hands.
Details of the proxy voting results which should be read
alongside the Notice are noted below:
| Ordinary
Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
| 1 |
1,028,074,410 |
10,150 |
0 |
2,013,441 |
| 2 |
1,030,076,513 |
10,150 |
0 |
11,338 |
| 3 |
1,029,897,131 |
10,150 |
176,223 |
14,497 |
| 4 |
1,029,842,871 |
65,150 |
176,031 |
13,949 |
| 5 |
1,030,012,754 |
10,150 |
28,241 |
46,856 |
| 6 |
1,030,047,532 |
10,150 |
28,433 |
11,886 |
| 7 |
1,024,656,165 |
10,150 |
5,391,743 |
39,943 |
| 8 |
1,021,049,102 |
10,150 |
107,963 |
8,930,786 |
| 9 |
1,024,654,945 |
10,150 |
5,391,743 |
41,163 |
| 10 |
1,022,300,030 |
10,650 |
7,747,378 |
39,943 |
| 11 |
1,024,577,753 |
65,150 |
5,414,655 |
39,943 |
|
Special Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
| 12 |
1,029,938,139 |
10,150 |
59,880 |
89,832 |
| 13 |
1,019,730,211 |
10,150 |
9,801,020 |
556,620 |
Note - A vote withheld is not a vote in law
and has not been counted in the votes for and against a
resolution.
The Special Resolutions were as
follows:
Special Resolution 12
THAT the Directors of the Company be and they are hereby
generally empowered, to allot ordinary shares in the Company or
grant rights to subscribe for, or to convert securities into,
ordinary shares in the Company (“equity securities”), for cash
including by way of a sale of ordinary shares held by the Company
as treasury shares, as if any pre-emption rights in relation to the
issue of shares as set out in the listing rules made by the
Financial Conduct Authority under Part VI of the Financial Services
and Markets Act 2000 (as amended) did not apply to any such
allotment of equity securities, provided that this power:
(a) expires at the conclusion of the next Annual
General Meeting of the Company after the passing of this resolution
or on the expiry of 15 months from the passing of this resolution,
whichever is the earlier, save that the Company, may before such
expiry, make an offer or agreement which would or might require
equity securities to be allotted after such expiry and the
Directors may allot equity securities in pursuance of any such
offer or agreement as if the power conferred hereby had not
expired; and
(b) shall be limited to the allotment of equity
securities up to an aggregate nominal value of £32,485,312 being
approximately 10 per cent of the nominal value of the issued share
capital of the Company (including treasury shares), as at
31 March 2022,
Special Resolution 13
IT WAS RESOLVED THAT the Company, be authorised in accordance
with section 315 of The Companies (Guernsey) Law, 2008, as amended,
(‘the Law’) to make market acquisitions within the meaning of
section 316(I) of the Law of its own ordinary shares of 25p each
(“shares”) (either for retention as treasury shares for future
resale or transfer or cancellation), provided that:
(a) the maximum number of shares hereby authorised
to be acquired shall be equal to 14.99 per cent of the Company’s
issued share capital on the date on which this resolution is
passed:
(b) the minimum price (exclusive of expenses) which
may be paid for a share is 25p, being the nominal value per
share;
(c) the maximum price (exclusive of expenses) which
may be paid for a share shall not be more than the higher of (i) an
amount equal to 105 per cent of the average of the middle market
quotations for a share taken from the London Stock Exchange’s Daily
Official List for the five business days immediately preceding the
day on which the share is purchased and (ii) the higher of the last
independent trade and the highest current independent bid on the
London Stock Exchange;
(d) the authority hereby conferred shall expire at
the conclusion of the next Annual General Meeting of the Company
after the passing of this resolution or on the expiry of 15 months
from the passing of this resolution, whichever is the earlier,
unless such authority is renewed prior to such time; and
(e) the Company may make a contract to purchase
Shares under the authority hereby conferred prior to the expiry of
such authority which will or may be executed wholly or partly after
the expiration of such authority and may make a purchase of Shares
pursuant to any such contract.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
END