UK Commercial Property REIT Limited
(An
authorised closed-ended investment scheme incorporated in Guernsey
with registration number 45387)
LEI
Number: 213800JN4FQ1A9G8EU25
(The
"Company")
21 JUNE
2023
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 12 May 2023
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
|
1,013,320,678
|
111,929
|
0
|
2,044,959
|
|
2
|
1,015,298,637
|
111,929
|
0
|
67,000
|
|
3
|
1,014,063,556
|
111,929
|
1,280,986
|
21,094
|
|
4
|
1,015,157,800
|
111,929
|
47,584
|
160,252
|
|
5
|
1,015,353,812
|
111,929
|
11,824
|
0
|
|
6
|
1,015,178,619
|
111,929
|
104,084
|
82,933
|
|
7
|
1,008,853,580
|
111,929
|
6,365,049
|
147,007
|
|
8
|
1,000,429,971
|
111,929
|
14,788,658
|
147,007
|
|
9
|
1,008,864,345
|
111,929
|
6,357,284
|
147,007
|
|
10
|
1,002,837,536
|
111,929
|
12,381,093
|
147,007
|
|
11
|
1,008,819,139
|
111,929
|
6,399,490
|
147,007
|
|
Special
Resolution
|
For
|
Discretion
(voted in favour)
|
Against
|
Abstain
|
|
12
|
1,015,103,810
|
111,929
|
261,207
|
619
|
|
13
|
986,618,426
|
111,929
|
28,186,814
|
560,396
|
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
IT WAS
RESOLVED 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
2023.
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