IPT Isis Property

TIDMIPT

RNS Number : 3598E

ISIS Property Trust Limited

29 May 2012

29 May 2012

ISIS Property Trust Limited

Result of Annual General Meeting

At the Annual General Meeting of the Company held on 29 May 2012, all Resolutions in respect of Ordinary Business as set out in the AGM Notice sent to shareholders dated 26 March 2012 were duly passed. In addition the following Special Resolutions were passed;

Special Resolution 1

IT WAS RESOLVED THAT the Directors of the Company be and they 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"), including the grant of rights to subscribe for, or to convert securities into Ordinary shares held by the Company as treasury shares for cash as if any pre-emption rights in relation to the issue of shares set out in the Listing Rules made by the Financial Services 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 GBP75,650 being 10 per cent of the nominal value of the issued share capital of the Company, as at 26 March 2011.

Special Resolution 2

IT WAS RESOLVED THAT the Company be authorised, in accordance with section 315 of the Companies (Guernsey) Law, 2008 (the "Law"), as amended, 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 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;

(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

(d) unless previously varied, revoked or renewed, the authority hereby conferred shall expire on 29 August 2013 or, if earlier, at the conclusion of the Annual General Meeting of the Company to be held in 2013, 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.

In accordance with Listing Rule 9.6.2 the Special Resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.hemscott.com/nsm.do.

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 745529

This information is provided by RNS

The company news service from the London Stock Exchange

END

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