RNS Number : 0108V
ING UK Real Estate Income Trust Ltd
21 May 2008
21 May 2008
ING UK REAL ESTATE INCOME TRUST LIMITED
Result of Annual General Meeting
At the Annual General Meeting held on 19 May 2008, the following Resolutions were passed;
Special Resolution 1
IT WAS RESOLVED that the directors of the Company be and they are hereby generally and unconditionally authorised, in accordance with Section 5 of the Companies (Purchase of Own Shares) Ordinance 1998 ("the Ordinance"), to make market purchases (within the meaning of Section 18 of the Ordinance) of Ordinary Shares of No Par Value provided that:-
a) the maximum number of Ordinary Shares hereby authorised to be purchased shall be 14.99% per cent of the issued Ordinary Share 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 which may be paid for an Ordinary Share shall be an amount equal to the higher of 105 per cent. of the average of the middle market quotations for an Ordinary Share taken from the Official Lists for the five business days immediately preceding the date on which the Ordinary Share is purchased or the higher of the price of the last independent trade and the highest current independent bid at the time of purchase; and
d) unless previously varied, revoked or renewed, the authority hereby conferred shall expire on 20 September 2009 or, if earlier, at the conclusion of the Annual General Meeting of the Company to be held in 2009, 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.
Special Resolution 2
IT WAS RESOLVED that, with immediate effect, the Articles of Association produced to the Meeting and signed by the Chairman of the Meeting, be adopted as amended.
Extra-Ordinary Resolution 1
IT WAS RESOLVED that the investment objective of the Group be amended to make it clear that members of the Group may invest in and hold Ordinary Shares up to a maximum in aggregate with any Ordinary Shares held as treasury shares of 10 per cent of the Company's share capital from time to time.
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
St Peter Port
Tel: 01481 745439
Fax: 01481 745085
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