Result of AGM

RNS Number : 8554X

ING UK Real Estate Income Trust Ltd

21 August 2009

 



21 August 2009

ING UK REAL ESTATE INCOME TRUST LIMITED

('the Company')

Result of Annual General Meeting

At the Annual General Meeting held on 18 August 2009 all Resolutions on the Form of Proxy were passed, including the following Special Resolution; 

Special Resolution 1

IT WAS RESOLVED that the directors of the Company be and they are hereby generally and unconditionally authorised to renew the authority of the Company, 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 of the Law) of the Ordinary Shares of No Par Value ('the Ordinary Shares') provided that:-

• the maximum number of Ordinary Shares hereby authorised to be acquired shall be 14.99 per cent of the issued Ordinary Share on the date on which this resolution is passed;

• the minimum price which may be paid for an Ordinary Share shall be 1p;

• 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 purchase or the higher of such price of the last independent trade and the highest current independent bid at the time of purchase; and

• unless previously varied, revoked or renewed, the authority hereby conferred shall expire on 18 November 2010 or, if earlier, at the conclusion of the Annual General Meeting of the Company to be held in 2010, save that the Company may, prior to such expiry, enter into a contract to purchase Ordinary Shares under such authority and may make a purchase 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]

Fax: [phone]

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