Custodian REIT plc (CREI)
01-Aug-2019 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
1August 2019
Custodian REIT plc
("Custodian REIT" or "the Company")
Results of Annual General Meeting
Custodian REIT (LSE: CREI), the UK commercial real estate investment company, announces that at the Annual General Meeting ("AGM") of the Company held yesterday, resolutions 1 to 9 were passed as ordinary resolutions, and resolutions 10, 12 and 13 were passed as special resolutions.
Resolution 11, relating to the further disapplication of pre-emption rights, in certain circumstances, did not receive the required 75% of votes cast in favour, so was not passed. Accordingly, the Board does not intend to propose a similar resolution at the next AGM.
As at 31 July 2019, the total number of voting rights in the Company was 408,203,344. All resolutions were voted on via a poll, and a summary of the results of the poll are set out below:
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Resolution
|
Votes for
|
% of votes cast
|
Votes against
|
% of votes cast
|
Votes withheld*
|
ORDINARY RESOLUTIONS
|
1
|
To receive and adopt the Company's report and accounts for the financial year ended 31 March 2019
|
88,599,902
|
98.77
|
1,099,826
|
1.23
|
245,406
|
2
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To approve the directors' remuneration report for the financial year ended 31 March 2019
|
89,911,717
|
99.97
|
31,417
|
0.03
|
2,000
|
3
|
To re-elect Barry Gordon Gilbertson as a director
|
89,852,223
|
99.90
|
92,911
|
0.10
|
0
|
4
|
To re-elect David Ian Hunter as a director
|
75,523,495
|
83.97
|
14,421,639
|
16.03
|
0
|
5
|
To re-elect Ian Thomas Mattioli as a director
|
76,919,904
|
85.52
|
13,025,229
|
14.48
|
0
|
6
|
To re-elect Matthew Wadman John Thorne as a director
|
89,883,455
|
99.93
|
61,680
|
0.07
|
0
|
7
|
To re-appoint Deloitte LLP as auditor to the Company
|
89,934,815
|
100.00
|
93
|
0.00
|
10,226
|
8
|
To authorise the directors to agree and fix the auditor's remuneration
|
89,945,135
|
100.00
|
0
|
0.00
|
0
|
9
|
To grant the directors authority to allot ordinary shares in the capital of the Company
|
89,382,926
|
99.37
|
562,209
|
0.63
|
0
|
SPECIAL RESOLUTIONS
|
10
|
To disapply statutory pre-emption rights on the allotment of ordinary shares in the capital of the Company
|
89,865,378
|
99.91
|
79,757
|
0.09
|
0
|
11
|
To further disapply the statutory pre-emption rights on the allotment of ordinary shares in the capital of the Company
|
54,664,353
|
60.78
|
35,266,509
|
39.22
|
14,271
|
12
|
To authorise the Company to make market purchases of ordinary shares in the capital of the Company
|
89,926,529
|
100.00
|
0
|
0.00
|
18,606
|
13
|
That a general meeting, other than an annual general meeting, may be called on not less than 14 clear days' notice
|
86,777,338
|
96.48
|
3,167,797
|
3.52
|
0
|
*NB: The percentage of votes cast for and against excludes withheld votes.
The Company confirms that copies of all resolutions passed at the Annual General Meeting will be submitted to the National Storage Mechanism (NSM) at http://www.morningstar.co.uk/uk/NSM and will shortly be available for viewing.
- Ends -
For further information, please contact:
Custodian Capital Limited
|
|
Richard Shepherd-Cross / Nathan Imlach / Ian Mattioli MBE
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Tel: +44 (0)116 240 8740
|
|
www.custodiancapital.com
|
Numis Securities Limited
|
|
Nathan Brown / Hugh Jonathan
|
Tel: +44 (0)20 7260 1000
|
|
www.numiscorp.com
|
Camarco
|
|
Ed Gascoigne-Pees
|
Tel: +44 (0)20 3757 4984
|
|
www.camarco.co.uk
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Notes to Editors
Custodian REIT plc is a UK real estate investment trust with a portfolio comprising properties predominantly let to institutional grade tenants throughout the UK, principally characterised by properties with individual values of less than £10m at acquisition.
The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund. By principally targeting sub £10m lot size regional properties, the Company intends to provide investors with an attractive level of income and the potential for capital growth, becoming the REIT of choice for private and institutional investors seeking high and stable dividends from well-diversified UK real estate.
Custodian Capital Limited is the discretionary investment manager of the Company.
For more information visit www.custodianreit.com and www.custodiancapital.com.
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