REG - Value & Index Prop - Results of General Meeting

Value and Indexed Property Income TrustAnnouncement

25/09/2025 16:30

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RNS Number : 8854A  Value and Indexed Prop Inc Tst PLC  25 September 2025

25 September 2025
 

 

VALUE AND INDEXED PROPERTY INCOME TRUST PLC

 

Legal Entity Identifier: 213800CU1PIC7GAER820

 

Results of General Meeting

 

The Board announces that at the General Meeting of Value and Indexed Property
Income Trust PLC, held at the offices of Dickson Minto LLP, 16 Charlotte
Square, Edinburgh, EH2 4DF at 11.45 a.m. today, Thursday, 25 September
2025, the Resolutions set out in the Notice of General Meeting within the
Circular to Shareholders dated 2 September 2025 were passed on a poll.

At the record date for the General Meeting, being 23 September 2025, the total
number of voting rights in the Company stood at 42,013,036 and the total
number of shares in issue was 45,549,975 (including 3,536,939 shares held in
treasury). The Company advises that for the General Meeting, 86 valid proxy
appointments were made in respect of up to 16,647,054 shares.

The numbers of proxy votes cast in respect of the Resolutions were as follows:

                                                                                 For and Chairman's discretion     against                        votes withheld  total votes

                                                                                                                                                                  (excluding votes withheld*)
                                                                                 no. of votes     % of votes cast  no. of votes  % of votes cast
 Ordinary Resolution
 Resolution 1                                                                    4,130,775        81.79            919,896       18.21            11,679,563      5,050,671

 To approve the Rule 9 waiver granted by the Takeover Panel.
 Special Resolutions
 Resolution 2                                                                    15,885,618       95.43            760,591       4.57             84,025          16,646,209

 Subject to the passing of Resolution 1, to make market purchases of the
 Company's issued ordinary shares pursuant to the Tender Offer.
 Resolution 3                                                                    15,842,005       95.17            803,816       4.83             84,413          16,645,821

 To sell equity securities for cash out of Treasury on a non-pre-emptive basis
 at a price per share which is at a discount to the Company's most recently
 published net asset value per Share.
 Resolution 4                                                                    15,744,309       94.58            902,745       5.42             83,180          16,647,054

 To approve and adopt new Articles of Association of the Company.

 

*A vote withheld is not a vote in law and any such votes have not been
included in the votes for or against the respective Resolutions.

 

A copy of the Resolutions passed at the General Meeting and the Company's new
Articles of Association have been submitted to the National Storage Mechanism
("NSM") and will shortly be available for inspection at:

https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
(https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism)
*

 

A copy of the Company's Circular to Shareholders dated 2 September 2025 and
the new Articles of Association are available to download from the website of
the Company's Investment Manager, OLIM Property Limited, at:

https://www.olimproperty.co.uk/value-and-indexed-property-income-trust.html
(https://www.olimproperty.co.uk/value-and-indexed-property-income-trust.html)
*

 

*Neither the website of the Company's Investment Manager, nor the NSM website,
nor the content of any website accessible from hyperlinks on those websites
(or any other website) is (or is deemed to be) incorporated into, or forms (or
is deemed to form) part of this announcement.

 

Defined terms used in this announcement have the meanings given to them in the
Circular unless the context otherwise requires.

 

 Enquiries
 Maven Capital Partners UK LLP
 Company Secretary
 Mandy Kelly                    +44 (0) 141 306 7400

 

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