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Custodian REIT Plc

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DGAP-UK-Regulatory News vom 19.07.2018

Custodian REIT plc : Results of Annual General Meeting

Custodian REIT plc (CREI)

19-Jul-2018 / 15:51 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


 

 

19 July 2018

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 of the Company held earlier today, resolutions 1 to 10 were passed as ordinary resolutions, and resolutions 11, 13 and 14 were passed as special resolutions.

 

Resolution 12, 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. The resolution failed despite the fact that the votes cast against the resolution represented just 7.44% of the Company's total voting rights. The Board recognises that the authority sought was higher than the level recommended by best practice in accordance with the Pre-emption Group's Statement of Principles on Disapplying Pre-emption Rights. The Directors believe, however, that a larger authority is justified to continue the Company's programme of tap issuance to enable it to fund future acquisitions, and so will take steps to further engage with shareholders on this matter.

 

As at 19 July 2018, the total number of voting rights in the Company was 386,853,344.  All resolutions were voted on via a poll, and a summary of the results of the poll are set out below:

 

 

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 2018

54,300,249

99.19

443,358

0.81

13,670

2

To approve the directors' remuneration report for the period 31 March 2018

54,743,608

99.98

13,670

0.02

0

3

To re-elect Barry Gordon Gilbertson as a director

54,757,278

100.00

0

0.00

0

4

To re-elect David Ian Hunter as a director

52,294,208

95.50

2,463,069

4.50

0

5

To re-elect Ian Thomas Mattioli as a director

44,014,211

80.38

10,743,066

19.62

0

6

To re-elect Matthew Wadman John Thorne as a director

54,757,278

100.00

0

0.00

0

7

To re-appoint Deloitte LLP as auditor to the Company

54,139,147

98.87

618,130

1.13

0

8

To authorise the directors to agree and fix the auditor's remuneration

54,757,278

100.00

0

0.00

0

9

To grant the directors authority to allot ordinary shares in the capital of the Company

54,723,797

99.99

4,608

0.01

28,873

10

To receive and adopt the amended investment policy effective from 19 July 2018

54,728,405

100.00

0

0.00

28,873

SPECIAL RESOLUTIONS

11

To disapply statutory pre-emption rights on the allotment of ordinary shares in the capital of the Company

54,485,051

99.57

237,782

0.43

34,445

12

To further disapply the statutory pre-emption rights on the allotment of Ordinary Shares

28,768,203

52.57

25,954,630

47.43

34,445

13

To authorise the Company to make market purchases of ordinary shares of £0.01 each in the capital of the Company

54,731,898

99.99

4,608

0.01

20,775

14

That a general meeting, other than an annual general meeting, may be called on not less than 14 clear days' notice

53,865,198

98.41

871,305

1.59

20,775

 

*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

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

 

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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