6th Jun 2007 11:47
Close High Income Properties PLC06 June 2007 Close High Income Properties PLC Results of Annual General Meeting, Extraordinary General Meeting and SeparateClass Meetings Further to the announcements of 26 April 2007 and 9 May 2007, Close High IncomeProperties plc (the "Company") announces that all of the resolutions proposed atthe Annual General Meeting, Extraordinary General Meeting and the Separate ClassMeetings of the Company held earlier today were duly passed. In respect of the conversion of 'C' Shares into Ordinary Shares, a total of45,122,145 new Ordinary Shares of 1p each (the "New Ordinary Shares") will beissued and these New Ordinary Shares are expected to be admitted to the OfficialList and dealings to commence on the London Stock Exchange's main market forlisted securities on 11 June 2007. Trading in the 'C' Shares is expected to becancelled with effect from this date. Following the creation of the 45,122,145 New Ordinary Shares arising from theconversion, the Company's issued share capital will comprise 78,076,081 OrdinaryShares and 26,268,589 'D' Shares. In addition, the Company is now generally authorised, subject to receiving Courtapproval on the Isle of Man, to purchase its own 'D' Shares, as the Board seesfit, subject to a maximum of 14.99% of the issued 'D' Share capital. TheDirectors are also now authorised to seek early conversion of the 'D' Sharesinto Ordinary Shares in certain circumstances. The Company is also now generally authorised to continue to make furtherpurchases of its own Ordinary Shares, as the Board sees fit, subject to amaximum of 14.99% of the issued Ordinary Share capital. For further information please contact: Peter Roscrow, Close Investments Limited (Tel: 020 7426 4174) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
IMPT.L