BMO Commercial Property Trust
Limited
(a closed-ended collective investment scheme established as a
company with limited liability
under the laws of Guernsey with registered number 50402)
LEI Number:
213800A2B1H4ULF3K397
(The “Company”)
17 June 2021
RESULT OF ANNUAL
GENERAL MEETING
At the Annual General Meeting of the Company held today all
Ordinary and Special Resolutions set out in the Annual General
Meeting Notice sent to Shareholders dated 9
April 2021 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 |
420,253,680 |
52,881 |
53,662 |
861,302 |
2 |
420,125,350 |
52,881 |
672,852 |
347,441 |
3 |
420,920,648 |
52,881 |
89,387 |
135,608 |
4 |
420,237,783 |
52,881 |
635,925 |
271,935 |
5 |
413,572,253 |
52,881 |
7,299,140 |
274,251 |
6 |
420,219,043 |
52,881 |
655,165 |
271,436 |
7 |
420,230,634 |
52,881 |
641,402 |
273,608 |
8 |
420,694,120 |
52,881 |
132,923 |
318,601 |
9 |
420,355,307 |
52,881 |
567,943 |
222,394 |
10 |
420,538,372 |
52,881 |
147,455 |
459,817 |
11 |
420,775,284 |
52,881 |
188,273 |
182,087 |
Special Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
12 |
417,250,944 |
52,881 |
3,677,507 |
217,193 |
13 |
420,286,185 |
52,881 |
222,839 |
636,619 |
14 |
397,843,994 |
52,881 |
23,045,308 |
256,342 |
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 12
That the Directors of the Company be and they are hereby generally
empowered, to allot and issue 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 contained in Article 6.2 of the Company’s articles
of incorporation 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 £799,366 being
approximately 10 per cent of the nominal value of the issued share
capital of the Company, as at 9 April
2021.
Special Resolution 13
That the Company be authorised, in accordance with section 315 of
The Companies (Guernsey) Law 2008, to make market acquisitions
(within the meaning of section 316(1) of The Companies (Guernsey)
Law 2008 of ordinary shares of 1p each (‘‘Ordinary Shares’’)
(either for retention as treasury shares for future resale 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 (exclusive of expenses)
(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 at the conclusion of the
next Annual General Meeting of the Company after the passing of
this resolution, or on the expiry of 18 months from the passing of
this resolution, whichever is the earlier, save that the Company
may, prior to such expiry, enter into a contract to purchase
Ordinary Shares under such authority which will or may be executed
wholly or partly after the expiration of such authority and may
make a purchase of Ordinary Shares pursuant to any such
contract.
Special Resolution 14
That the Articles of Incorporation contained in the document
produced to the meeting and signed by the Chairman for the purposes
of identification, be approved and adopted as the new Articles of
Incorporation of the Company in substitution for, and to the
exclusion of, the existing Articles of Incorporation, with effect
from the conclusion of the 2021 Annual General Meeting.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
END