9th Dec 2009 14:36
9 December 2009
IRP PROPERTY INVESTMENTS LIMITED
Result of Annual General Meeting
At the Annual General Meeting held on 9 December 2009, the following Special Resolution was passed;
Special Resolution
IT WAS RESOLVED 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 transfer, or cancellation), provided that:
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(a)
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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;
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(b)
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the minimum price which may be paid for an Ordinary Share shall be 1p;
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(c)
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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; and
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(d)
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unless previous varied, revoked or renewed, the authority hereby conferred shall expire on 31 December 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.
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All Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar Court
Les Banques
St Peter PortGuernsey
GY1 3QL
Tel: 01481 745529
Related Shares:
BREI.L