Last checked at 25 Oct 2016 14:05
25 October 2016
EMPIRIC STUDENT PROPERTY PLC
(the "Company")
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 501,279,071 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 | ||
VOTES | % OF VOTES CAST* | VOTES | % OF VOTES CAST* | ||
1. To receive the Company's Annual Report and Accounts for the financial year ended 30 June 2016 | 205,071,771 | 97.52 | 5,205,092 | 2.48 | 0 |
2. To approve the Directors' Remuneration Report | 178,549,019 | 86.48 | 27,908,525 | 13.52 | 3,819,319 |
3. To re-appoint BDO LLP as Auditors of the Company | 204,477,230 | 97.24 | 5,798,733 | 2.76 | 900 |
4. To authorise the Directors to determine the remuneration of the Auditors | 209,832,843 | 99.79 | 444,020 | 0.21 | 0 |
5. To authorise the Directors to declare and pay all dividends as interim dividends | 210,266,204 | 100 | 10,285 | 0.00 | 374 |
6. To elect Stuart Beevor as a Director | 209,828,875 | 99.79 | 441,749 | 0.21 | 6,239 |
7. To authorise the Directors to allot shares under (section 551 of the Companies Act 2006) | 204,072,847 | 97.19 | 5,908,677 | 2.81 | 295,339 |
8. Special Resolution - subject to the passing of Resolution 7, the Directors shall have the power to allot equity securities (pursuant to sections 570 and 573 of the Companies Act 2006) | 208,260,995 | 99.10 | 1,897,395 | 0.90 | 118,473 |
9. Special Resolution - authorise the Company to make market purchases of own shares in the Company | 206,872,296 | 98.38 | 3,404,193 | 1.62 | 374 |
10. Special Resolution - reduce notice periods for general meetings other than AGMs | 202,214,445 | 96.17 | 8,061,518 | 3.83 | 900 |
* Excludes votes withheld
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 |
Zoe Pocock | |
Alex Shilov | |
Lydia Thompson |
Further information on Empiric can be found on the Company's website at www.empiric.co.uk.
Notes:
Empiric Student Property plc is a leading provider and operator of modern, direct-let, premium student accommodation across the UK and is committed to providing shareholders with regular, sustainable and growing (at least in line with RPI) dividends, together with the potential for capital appreciation over the medium to long term. Investing in both operating and development assets, the Company focuses on quality, with assets generally in prime central locations in top university cities and towns in the UK, attracting international students and/or those studying beyond first year, in particular, postgraduates.
The Company, an internally managed real estate investment trust ("REIT") incorporated in England and Wales, 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. The Company is a constituent of the FTSE All Share and FTSE EPRA/NAREIT indices.