17th Dec 2009 15:13
17 December 2009
AXA PROPERTY TRUST LIMITED
Result of Annual General Meeting
At the Annual General Meeting held on 17 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, as amended, to make market acquisitions of ordinary shares of No Par Value each ("Ordinary Shares") (either for retention as treasury shares or transfer, 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 105 per cent of the average of the middle market quotation (as derived from the Daily Official List) for the ordinary Shares for the five business days immediately preceding the date of purchase: and
d) unless previously 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.
All Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745604
Related Shares:
Worsley Inv Ltd