Result of AGM

RNS Number : 4867Y

Invista Foundation Property Tst Ltd

03 September 2009

 



03 September 2009

INVISTA FOUNDATION PROPERTY TRUST LIMITED

("the Company")

Result of Annual General Meeting

At the Annual General Meeting held on 2 September 2009 all Resolutions on the Form of Proxy were passed, including the following Resolutions; 

Resolution 

IT WAS RESOLVED THAT the Company be authorised, in accordance with section 315 of The Companies (Guernsey) Law 2008 together (the 'Companies Law'), to make market purchases (within the meaning of section 316 of the Companies Law) of Ordinary Shares of the Company  ('Ordinary Shares'), provided that:

a) the maximum number of Ordinary Shares hereby authorised to be purchased shall be 14.99% 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 0.01p;

c) the maximum price (exclusive of expenses) which may be paid for an Ordinary Share shall be 105% of the average of the middle market quotations on the relevant market where the repurchase is carried out for the Ordinary Shares for the five business days immediately preceding the date of a purchase; 

d) such authority shall expire at the annual general meeting of the Company in 2010 unless such authority is varied, revoked or renewed prior to such date by ordinary resolution of the Company in general meeting: and

e) the Company may make a contract to purchase Ordinary Shares under such authority prior to its expiry which will or may be executed wholly or partly after its expiration and the Company may make a purchase of Ordinary Shares pursuant to any such contract.

Special Resolution 

IT WAS RESOLVED THAT the Memorandum of Incorporation and Articles of Incorporation of the Company as produced to the AGM and signed by the Chairman of the AGM for the purposes of identification be approved and adopted as the new Memorandum of Incorporation and Articles of Incorporation of the Company in substitution for, and to the exclusion of, the existing Memorandum of Association and Articles of Association of the Company, with effect from the conclusion of the AGM.

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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