8 June 2020

 

Starwood European Real Estate Finance Limited

 

Results of Seventh Annual General Meeting

 

The Board of Starwood European Real Estate Finance Limited announces that, at the Seventh Annual General Meeting of the Company held on Monday, 8 June 2020, the resolutions put to the meeting were approved by shareholders on a show of hands.

 

Details of the proxy votes lodged are set out below:

 

Ordinary Resolution	For*	Against	Withheld**
To receive the Annual Report and Consolidated Financial Statements for the period ended 31 December 2019.	245,290,779	0	1,589,213
To approve the Directors' Remuneration Report for the period ended 31 December 2019.	245,265,303	476	1,614,213
To re-elect as a Director of the Company, Stephen Smith.	160,429,442	61,340,691	25,109,858
To re-elect as a Director of the Company, John Whittle.	241,632,142	3,658,637	1,589,213
To re-elect as a Director of the Company, Jonathan Bridel.	227,976,015	18,903,977	0
To re-appoint PricewaterhouseCoopers LLP as Auditors of the Company.	244,971,867	13,739	1,894,386
To authorise the Directors to agree the remuneration of the Auditors.	245,290,779	0	1,589,213
To approve the Company's dividend policy.	245,290,779	0	1,589,213
Special Resolution	For*	Against	Withheld**
To authorise the Directors to allot shares (equal to 10% of the Ordinary shares )	245,237,538	25,000	1,617,454
To authorise the Directors to disapply Pre-Emption Rights (up to a maximum of 10% of the Ordinary Shares)	244,889,650	372,887	1,617,454
To authorise the Company to make market purchases of its own shares.	246,811,215	40,536	28,241

 

The Board notes that votes representing 27% of total votes cast were received against resolution 3.  The Board in the Annual Report for the year to 31 December 2019 outlined its succession planning for the phased retirement of Directors over the three following years to December 2022 and noted its intention to consider diversity when making the new appointments to the Board.  The Company will seek to engage with the relevant shareholders who voted against resolution 3 in order to understand further the reasons for their votes and address their concerns.
 

The full text of the resolutions may be found in the Notice of Seventh Annual General Meeting contained in the Shareholder Document dated 8 June 2020, copies of which are available on both the Company's website www.starwoodeuropeanfinance.com and on the National Storage Mechanism www.morningstar.co.uk/uk/NSM***

 

 

*  Includes discretionary votes received

**  A vote withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution

*** Neither the NSM website nor the Company's 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

 

 

Enquiries:

 

Apex Fund and Corporate Services (Guernsey) Limited

Vania Santos 01481 735878

 

 

Notes:

 

Starwood European Real Estate Finance Limited is an investment company listed on the main market of the London Stock Exchange with an investment objective to provide Shareholders with regular dividends and an attractive total return while limiting downside risk, through the origination, execution, acquisition and servicing of a diversified portfolio of real estate debt investments in the UK and the wider European Union's internal market. www.starwoodeuropeanfinance.com.

 

The Group is the largest London-listed vehicle to provide investors with pure play exposure to real estate lending.

 

The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.