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30 Nov 2021 11:30
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.
30 November 2021
Alternative Income REIT plc
(the "Company" or "Group")
RESULT OF ANNUAL GENERAL MEETING
The Board of Alternative Income REIT plc is pleased to announce that at the Company's Annual General Meeting held today, all resolutions were passed on a show of hands.
Resolutions 1 to 9 (inclusive) were proposed as ordinary resolutions and resolutions 10 to 13 were proposed as special resolutions. The proxy votes received prior to the meeting were as follows:
Resolution | Votes For* | % | Votes Against | % | Total votes validly cast | Total votes cast as % of issued share capital | Votes Withheld** | |
1 | To receive and adopt the audited financial statements of the Company for the financial year ended 30 June 2021 | 31,201,139 | 99.99 | 4,000 | 0.01 | 31,205,139 | 38.76 | 13,394 |
2 | To approve the Directors' Remuneration Report | 31,159,239 | 99.86 | 44,700 | 0.14 | 31,203,939 | 38.76 | 14,594 |
3 | To re-elect Alan Sippetts as a Director | 31,196,061 | 99.96 | 12,772 | 0.04 | 31,208,833 | 38.77 | 9,700 |
4 | To elect Adam Smith as a Director | 27,849,858 | 89.27 | 3,347,581 | 10.73 | 31,197,439 | 38.75 | 21,094 |
5 | To elect Stephanie Eastment as a Director | 31,164,957 | 99.90 | 32,482 | 0.10 | 31,197,439 | 38.75 | 21,094 |
6 | To re-appoint Moore Kingston Smith LLP as independent Auditor of the Company | 31,208,743 | 99.98 | 7,790 | 0.02 | 31,216,533 | 38.78 |
2,000 |
7 | To authorise the Audit Committee to determine the Auditor's remuneration | 31,213,533 | 99.99 | 3,000 | 0.01 | 31,216,533 | 38.78 |
2,000 |
8 | To authorise the Directors to declare and pay all dividends of the Company as interim dividends | 31,215,533 | 100.00 | 1,000 | 0.00 | 31,216,533 | 38.78 | 2,000 |
9 | To authorise the Directors to allot shares | 31,133,874 | 99.76 | 74,959 | 0.24 | 31,208,833 | 38.77 | 9,700 |
10 | To authorise the disapplication of pre-emption rights up to 5% | 30,987,732 | 99.34 | 205,023 | 0.66 | 31,192,755 | 38.75 | 25,778 |
11 | To authorise the disapplication of pre-emption rights up to a further 5% in connection with an acquisition or specified capital investments | 30,989,126 | 99.32 | 212,723 | 0.68 | 31,201,849 | 38.76 | 6,684 |
12 | To authorise the Company to purchase its own shares | 31,190,833 | 99.95 | 15,700 | 0.05 | 31,206,533 | 38.77 | 2,000 |
13 | To authorise the calling of general meetings, other than an annual general meeting, on not less than 14 clear days' notice | 30,651,342 | 98.22 | 555,191 | 1.78 | 31,206,533 | 38.77 | 2,000 |
* Any discretionary votes have been included in the "For" totals.
**A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
Every shareholder has one vote for every Ordinary Share held. As at 30 November 2021, the share capital of the Company consisted of 80,500,000 Ordinary Shares of £0.01 each with voting rights. The Company does not hold any shares in Treasury.
The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 25 October 2021, a copy of which is available on the Company's website at https://www.alternativeincomereit.com/investors/documents/2021.
In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
ENQUIRIES
Alternative Income REIT PLC |
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Alan Sippetts - Chairman | via Maitland/AMO below |
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M7 Real Estate Ltd Richard Croft | +44 (0)20 3657 5500 |
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Panmure Gordon (UK) Limited | +44 (0)20 7886 2500 |
Alex Collins |
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Tom Scrivens |
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Chloe Ponsonby |
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Maitland/AMO (Communications Adviser) | +44(0) 7747 113 930 |
James Benjamin | james.benjamin@maitland.co.uk |
The Company's LEI is 213800MPBIJS12Q88F71.
Further information on Alternative Income REIT plc is available at www.alternativeincomereit.com1.
NOTES
Alternative Income REIT PLC aims to generate a sustainable, secure and attractive income return for shareholders from a diversified portfolio of UK property investments, predominately in alternative and specialist sectors. The majority of the assets in the Group's portfolio are let on long leases which contain inflation linked rent review provisions.
The Company's investment adviser is M7 Real Estate Limited ("M7"). M7 is a leading specialist in the pan-European, regional, multi-tenanted real estate market. It has over 220 employees in 15 countries across Europe. The team manages over 570 properties with a value of circa €4.1 billion.
1 Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website or any other website, is incorporated into, or forms part of, this announcement nor, unless previously published on a Regulatory Information Service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.
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