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GPT GROUP Declaration of Voting Results & Voting Rights Announcements 2004
65009_rns_2004-11-14_2b47bc49-d054-4c9d-a38e-f661d891bfe4.pdf
Declaration of Voting Results & Voting Rights Announcements
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GPT Split Trust ASX Announcement and Media Release
GPT SPLIT TRUST ANNOUNCES UNITHOLDER APPROVAL OF LEND LEASE PROPOSAL
15 November 2004
A meeting of GPT Split Trust unitholders was held today at 2:00pm. The meeting was to consider and if thought fit pass resolutions to give effect to the proposed acquisition by Lend Lease Corporation Limited (Lend Lease) of all the issued units in GPT Split Trust for cash. The proposal had been unanimously recommended by GPT Split Trust's Independent Directors.
GPT Split Trust is pleased to announce that the resolutions to give effect to the proposal have been passed. More details as to the results are set out below. Implementation of the proposal remains conditional upon the merger of General Property Trust and Lend Lease proceeding.
RESULTS OF TODAY'S MEETING:
Resolution 1: 611 Item 7 Approval
The total number of votes cast on the poll (including proxy votes) was 34,791,581 Votes are calculated by multiplying the number of units by the last sale price of units on 12 November 2004. In the case of income units the price was \$2.20. In the case of growth units the price was \$1.56. The total votes were cast as follows:
| Number of Votes | Percentage | |
|---|---|---|
| FOR | ||
| Total | 33,730,551 | 96.95 |
| AGAINST | ||
| Total | 1,061,030 | 3.05 |
The resolution was therefore approved by the necessary majorities.
Resolution 2: Approve the proposal
The total number of votes cast on the poll (including proxy votes) was 34,760,381. Votes are calculated by multiplying the number of units by the last sale price of units on 12 November 2004. In the case of income units the price was \$2.20. In the case of growth units the price was \$1.56. The total votes were cast as follows:
| Number of Votes | Percentage | |
|---|---|---|
| FOR | ||
| Income | 17,617,300 | 94.71 |
| Growth | 16,033,650 | 99.22 |
| Total | 33,650,951 | 96.81 |
| AGAINST | ||
| Income | 984,170 | 5.29 |
| Growth | 125,260 | 0.78 |
| Total | 1,109,430 | 3.19 |
The resolution was therefore approved by the necessary majorities.
As Resolutions 1 and 2 were passed by the necessary majorities, Resolution 3 was not put to the meeting
ENDS
Enquiries
For further information please contact:
Nic Lyons Chief Executive Officer (02) 9237 5816
Martin Debelle /Graham Canning Cannings $(02)$ 9252 0622