CT Property Trust Limited - AGM Results

CT Property Trust Limited - AGM Results

PR Newswire

London, November 29

CT PROPERTY TRUST Limited
(a closed-ended investment company incorporated in Guernsey with registration number 41870)

LEI Number: 2138001XRCB89W6XTR23

(The "Company")

29 NOVEMBER 2022

RESULT OF ANNUAL GENERAL MEETING

At the Annual General Meeting of the Company held yesterday, all Ordinary Resolutions set out in the Annual General Meeting Notice sent to Shareholders dated 17 October 2022 were duly passed.

Details of the proxy voting results which should be read along side the Notice are noted below:

Ordinary Resolution	For	Discretion (voted in favour)	Against	Abstain
1	91,799,838	55,328	347,926	108,944
2	91,480,752	55,078	598,405	177,800
3	91,847,298	55,078	335,797	73,863
4	90,065,394	55,328	2,018,579	172,735
5	90,042,498	55,328	2,041,475	172,735
6	90,020,561	55,078	2,064,406	171,990
7	91,632,634	55,328	415,528	208,545
8	91,686,887	55,328	311,064	258,756
Special Resolution	For	Discretion (voted in favour)	Against	Abstain
9	91,413,131	55,078	719,902	123,924
10	90,925,636	55,078	1,299,644	31,678

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 9

That the Directors of the Company be and 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 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 £234,380 being 10 per cent of the issued share capital of the Company (excluding treasury shares) as at 14 October 2022.

Special Resolution 10

That the Company be authorised, in accordance with section 315 of the Companies (Guernsey) Law, 2008 (the 'Law'), to make market purchases (within the meaning of section 316 of the Law) of Ordinary Shares of 1p each ("Ordinary Shares'') (either for retention as treasury shares or cancellation) 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 the higher of (i) 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 and (ii) the higher of the last independent trade and the highest current independent bid on the trading venue which the purchase is carried out; and

(d) unless previously varied, revoked or renewed, the authority hereby conferred shall expire on 31 December 2023 or, if earlier, at the conclusion of the Annual General Meeting of the Company to be held in 2023, 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.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: [phone]

END