Last checked at 4 Nov 2015 12:49
4 November 2015
Empiric Student Property plc
("Empiric" or the "Company" or, together with its subsidiaries, the "Group")
Result of AGM
The Board of Empiric Student Property plc (ticker: ESP) announces that at the Company's Annual General Meeting, held earlier today, all resolutions were duly passed on a show of hands.
In accordance with Listing Rule 9.6.2(R), a copy of the resolutions passed at the Annual General Meeting will be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM.
As at the date of the meeting, there were 385,000,001 ordinary shares with voting rights in issue. Proxies were received by the Company from shareholders before the meeting, as follows:
RESOLUTION
| FOR
| AGAINST | WITHHELD | ||
VOTES | % OF VOTES CAST* | VOTES | % OF VOTES CAST* | VOTES | |
1. To receive the Company's Annual Report and Accounts for the financial period ended 30 June 2015, which include the Directors' Report and the Auditors' Report | 144,527,534 | 100.00% | 0 | 0.00% | 0 |
2. To approve the Directors' Remuneration Policy | 111,167,452 | 76.92% | 33,356,282 | 23.08% | 3,800 |
3. To approve the Directors' Remuneration Report | 130,280,007 | 90.14% | 14,243,727 | 9.86% | 3,800 |
4. To re-appoint BDO LLP as Auditors of the Company | 139,986,789 | 96.86% | 4,538,804 | 3.14% | 1,941 |
5. To authorise the Directors to determine the remuneration of the Auditor | 144,524,734 | 100.00% | 0 | 0.00% | 2,800 |
6. To elect Paul Hadaway as a Director of the Company | 139,922,786 | 96.82% | 4,597,473 | 3.18% | 7,275 |
7. To elect Timothy Attlee as a Director of the Company | 142,256,566 | 98.43% | 2,263,693 | 1.57% | 7,275 |
8. To elect Michael Enright as a Director of the Company | 142,256,566 | 98.43% | 2,263,693 | 1.57% | 7,275 |
9. To elect Baroness Dean as a Director of the Company | 144,471,442 | 99.97% | 48,817 | 0.03% | 7,275 |
10. To elect Jim Prower as a Director of the Company | 144,465,612 | 99.96% | 54,647 | 0.04% | 7,275 |
11. To elect Alexandra Mackesy as a Director of the Company | 144,520,259 | 100.00% | 0 | 0.00% | 7,275 |
12. To elect Stephen Alston as a Director of the Company | 97,031,369 | 67.14% | 47,488,890 | 32.86% | 7,275 |
13. To authorise the Directors to allot shares under section 551 of the Companies Act 2006 | 140,676,659 | 97.34% | 3,848,075 | 2.66% | 2,800 |
14. Special resolution - subject to the passing of Resolution 13, the Directors shall have the power to allot equity securities (within the meaning of section 560 of the Act) | 144,506,429 | 99.99% | 18,305 | 0.01% | 2,800 |
15. Special resolution -authorise the Company to make market purchases of own Shares | 144,524,734 | 100.00% | 0 | 0.00% | 2,800 |
16. Special resolution -authorise the Company's Share Option Plan | 144,105,540 | 99.72% | 406,719 | 0.28% | 15,275 |
17. Special resolution -authorise that general meeting of the Company other than an Annual General Meeting may be called on not less than 14 clear days' notice | 139,933,271 | 96.82% | 4,591,463 | 3.18% | 2,800 |
* Excludes votes withheld
The Board notes the higher than expected votes against resolution 12 and intends to engage directly with shareholders to understand the reasons behind the vote result.
For further information on the Company, please contact:
Empiric Student Property plc | (via Newgate below) |
Paul Hadaway (Chief Executive) | |
Tim Attlee (Chief Investment Officer) | |
Michael Enright (Chief Financial Officer) | |
Akur Limited (Joint Financial Adviser) | Tel: 020 7493 3631 |
Tom Frost | |
Anthony Richardson | |
Siobhan Sergeant | |
Jefferies International Limited (Joint Financial Adviser and Broker) | Tel: 020 7029 8000 |
Gary Gould | |
Stuart Klein | |
Newgate (PR Adviser) | Tel: 020 7680 6550 |
James Benjamin | Em: empiric@newgatecomms.com |
Alex Shilov |
|
Further information on Empiric can be found on the Company's website at www.empiric.co.uk.
Notes:
Empiric Student Property plc (incorporated in England & Wales) is an internally managed real estate investment trust ("REIT") investing in modern, direct-let, premium, student accommodation, both standing and development assets, with a focus on quality and with assets generally in prime central locations in top university cities and towns in the UK. The Company listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.