UK Commercial Property REIT Ltd AGM Results

 
TIDMUKCM 
 
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       |Against   |Abstain  | 
|                   |             |                 |          |         | 
|                   |             |(voted in favour)|          |         | 
+-------------------+-------------+-----------------+----------+---------+ 
|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       |Against   |Abstain  | 
|                   |             |                 |          |         | 
|                   |             |(voted in favour)|          |         | 
+-------------------+-------------+-----------------+----------+---------+ 
|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 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END
(END) Dow Jones Newswires
June 21, 2023 10:49 ET (14:49 GMT)
Uk Commercial Property R... (LSE:UKCM)
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