F&C UK Real Est. Inv. Share Issuance Authority
November 15 2017 - 5:07AM
UK Regulatory
TIDMFCRE
To: RNS
Date: 15 November 2017
Company: F&C UK Real Estate Investments Limited
LEI: 231801XRCB89W6XTR23
Share Issuance Authority
The Board refers to the notice of the thirteenth annual general meeting of the
Company to be held at Exchange House, Primrose Street, London, EC2A 2NY on 22
November 2017 at 12 noon (the "AGM") which was sent to shareholders on 29
September 2017. As part of the business to be proposed at the AGM, Resolution
12 would give the Directors the necessary authority to either issue new shares
or sell shares in treasury on a non pre-emptive basis up to an aggregate
nominal amount of GBP481,411 (being equivalent to 20 per cent. of the issued
ordinary share capital as at the date of the notice of the AGM).
Notwithstanding the level of authority being sought at the AGM, following
consultation with shareholder voting bodies, the Board undertakes not to issue
or sell more than 10 per cent. of the current issued share capital on a non
pre-emptive basis without seeking further approval from shareholders.
As stated in the annual report and accounts, the Directors will only issue new
shares pursuant to this authority if they consider it to be in the interest of
shareholders. Under no circumstances should this result in a dilution to net
asset value per share.
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
Fax: 01481 745051
Peter Lowe
Scott Macrae
F&C Investment Business Ltd
Tel: 0207 628 8000
Fax: 0131 225 2375
END
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