Result of AGM

RNS Number : 5259S

Invista Foundation Property Tst Ltd

10 September 2010

 



10 September 2010

INVISTA FOUNDATION PROPERTY TRUST LIMITED

("the Company")

Result of Annual General Meeting

At the Annual General Meeting held on 9 September 2010 all Resolutions on the Form of Proxy were passed, including the following Special Resolution;

Special Resolution 1

IT WAS RESOLVED THAT the Articles of Incorporation produced to the meeting and initialled by the Chairman of the meeting for the purposes of identification be, and are hereby, with immediate effect adopted as the Articles of Incorporation of the Company in substitution for, and to the exclusion of, the existing Articles of Incorporation.

Special Resolution 2

IT WAS RESOLVED THAT in substitution for all existing authorities to the extent unused, that pursuant to Article 13.2 of the Company's Articles of Incorporation the Directors of the Company be and are hereby empowered to allot equity securities (as defined in the Company's Articles of Incorporation) of the Company for cash and to sell equity securities which are held by the Company in treasury for cash as if the pre-emption provisions contained under Article 13 of the Articles of Incorporation did not apply to any such allotments and sales provided that this power shall be limited to the allotment and sales of equity securities:

a)         up to an amount of 32,359,421 ordinary shares, or such other number of ordinary shares being equal to 10% of the ordinary shares in issue on 9 September 2010;

b)         at a price of not less than the net asset value per share as close as practicable to

the allotment or sale; and

c)         such power shall expire on the earlier of the Annual General Meeting of the Company in 2011 or on the expiry of 15 months from the passing of this Resolution 8, except that the Company may before such expiry make offers or agreements which would or might require equity securities to be allotted or sold after such expiry and notwithstanding such expiry the Directors may allot or sell equity securities in pursuance of such offers or agreements as if the power conferred hereby had not expired.

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]

END

 

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RAGURUVRRKAKAAR