Last checked at 
19 Jul 2018 15:52
Custodian REIT plc (CREI) Custodian REIT plc : Results of Annual General Meeting 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:
*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.
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For further information, please contact:
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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ISIN: | GB00BJFLFT45 |
| Category Code: | RAG |
| TIDM: | CREI |
| LEI Code: | 2138001BOD1J5XK1CX76 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 5767 |
| EQS News ID: | 706449 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.