Last checked at 
26 Jul 2016 15:31
26 July 2016
Custodian REIT plc
("Custodian REIT" or "the Company")
Results of Annual General Meeting
Custodian REIT (LSE: CREI), the UK commercial real estate investment company, is pleased to announce that following the Annual General Meeting of the Company held earlier today, all resolutions were approved on a poll. Resolutions 1 to 6 were passed as ordinary resolutions and resolutions 7 to 10 were passed as special resolutions. 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 2016. | 64,103,768 | 99.96% | 24,716 | 0.04% | 0 |
2 | To approve the directors' remuneration report. | 62,617,334 | 98.34% | 1,057,467 | 1.66% | 453,683 |
3a | To re-elect Barry Gordon Gilbertson as a director. | 63,768,198 | 100.00% | 0 | 0.00% | 360,286 |
3b | To re-elect Matthew Wadman John Thorne as a director. | 63,743,482 | 99.96% | 24,716 | 0.04% | 360,286 |
3c | To re-elect David Ian Hunter as a director. | 63,768,198 | 100.00% | 0 | 0.00% | 360,286 |
3d | To re-elect Ian Thomas Mattioli as a director. | 64,085,148 | 99.93% | 43,336 | 0.07% | 0 |
4 | To re-appoint Deloitte LLP as auditor to the Company until the conclusion of the next annual general meeting of the Company. | 63,912,392 | 99.96% | 24,716 | 0.04% | 191,376 |
5 | To authorise the directors to agree and fix the Company's auditor's remuneration. | 63,937,108 | 100.00% | 0 | 0.00% | 191,376 |
6 | To grant the directors authority to allot ordinary shares in the capital of the Company | 59,076,785 | 92.40% | 4,860,323 | 7.60% | 191,376 |
SPECIAL RESOLUTIONS | ||||||
7 | To disapply statutory pre-emption rights on the allotment of ordinary shares in the capital of the Company. | 57,348,332 | 90.27% | 6,182,694 | 9.73% | 597,458 |
8 | To authorise the Company to make market purchases of ordinary shares of £0.01 each in the capital of the Company. | 63,634,451 | 99.79% | 133,747 | 0.21% | 360,286 |
9 | That a general meeting, other than an annual general meeting, may be called on not less than 14 clear days' notice. | 63,795,666 | 99.55% | 287,022 | 0.45% | 45,796 |
10 | That the Company's Investment Policy be amended to increase the maximum target lot size to £10,000,000. | 63,327,277 | 99.34% | 423,679 | 0.66% | 377,528 |
*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 uk.nsm@morningstar.com and will shortly be available for viewing.
- Ends -
For further information, please contact:
Custodian Capital Limited | |
Richard Shepherd-Cross / Nathan Imlach / Ian Mattioli | 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, which listed on the main market of the London Stock Exchange on 26 March 2014. Its portfolio comprises properties predominantly let to institutional grade tenants on long leases throughout the UK and is characterised by small lot sizes, with individual property values of less than £10 million at acquisition.
The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund. By targeting smaller lot size properties, the Company intends to provide investors with an attractive level of income with the potential for capital growth.
Custodian Capital Limited is the discretionary investment manager of the Company.
For more information visit www.custodianreit.com and www.custodiancapital.com.