Result of AGM

RNS Number : 8835M

Standard Life Invs Property Inc Tst

01 June 2010

 



1 June 2010

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED

Result of Annual General Meeting

At the Annual General Meeting held on 26 May 2010, the following Special Resolution was passed;

Resolution 6

IT WAS RESOLVED to authorise the Company, in accordance with The Companies (Guernsey) Law, 2008 as amended (the "Law") to make market acquisitions of its own shares of 1 pence each (either for retention as treasury shares for future resale or transfer or cancellations) 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 quotations (as derived from the Daily Official List) for the Ordinary Shares for the five business days immediately preceding the date of acquisition;

(d) unless previously varied, revoked or renewed, the authority hereby conferred shall expire on 26 November 2011 or, if earlier, at the conclusion of the Annual General Meeting of the Company to be held in 2011, save that the Company may, prior to such expiry, enter into a contract to acquire Ordinary Shares under such authority and may make an acquisition of Ordinary Shares pursuant to any such contract.

All Enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1  3QL

Tel: [phone]

 

END

 

 

RAGSSAFIFFSSESM