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Value and Indexed Property Income Trust PLC's Board announced that all resolutions were passed on a poll at its General Meeting held on 25 September 2025. Shareholders approved an Ordinary Resolution regarding a Rule 9 waiver (81.79% of votes cast for) and Special Resolutions concerning market purchases (95.43% for), selling treasury shares at a discount (95.17% for), and adopting new Articles of Association (94.58% for). At the record date of 23 September 2025, the company had 42,013,036 voting rights and 45,549,975 shares in issue.
| Date | 25 Sept 2025 |
| Time | 16:30:12 |
| Category | AGMs and other meetings |
| ID | 8854A |
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:
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|
For and Chairman's discretion |
against |
votes withheld |
total votes (excluding votes withheld*) |
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|
no. of votes |
% of votes cast |
no. of votes |
% of votes cast |
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Ordinary Resolution |
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Resolution 1 To approve the Rule 9 waiver granted by the Takeover Panel. |
4,130,775 |
81.79 |
919,896 |
18.21
|
11,679,563
|
5,050,671
|
|
Special Resolutions |
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Resolution 2 Subject to the passing of Resolution 1, to make market purchases of the Company's issued ordinary shares pursuant to the Tender Offer. |
15,885,618 |
95.43 |
760,591 |
4.57
|
84,025
|
16,646,209
|
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Resolution 3 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. |
15,842,005 |
95.17 |
803,816 |
4.83
|
84,413
|
16,645,821
|
|
Resolution 4 To approve and adopt new Articles of Association of the Company. |
15,744,309 |
94.58 |
902,745 |
5.42
|
83,180
|
16,647,054
|
*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*
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*
*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.
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Enquiries |
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Maven Capital Partners UK LLP |
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Company Secretary |
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Mandy Kelly |
+44 (0) 141 306 7400 |