Last checked at 23 May 2022 13:05
23 May 2022
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) (the "Board"), the owner and operator of premium student accommodation serving key UK universities, announces that all resolutions proposed at the Company's Annual General Meeting held on 23 May 2022 were voted on and duly passed by a poll by the Company's shareholders and the results of the poll, including proxy votes received, are set out below.
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 https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Resolutions 1 to 11 (inclusive) were proposed as ordinary resolutions and resolutions 12 and 15 (inclusive) were proposed as special resolutions.
As at the date of the meeting, there were 603,203,070 ordinary shares with voting rights in issue. The Company does not hold any shares in Treasury.
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 period ended 31 December 2021 | 405,130,400 | 100.00% | 17,296 | 0.00% | 7,189,295 |
2. To approve the Directors' Remuneration Report | 376,664,246 | 98.10% | 7,293,186 | 1.90% | 28,379,559 |
3. To re-appoint BDO LLP as Auditors of the Company | 405,439,658 | 99.98% | 80,940 | 0.02% | 6,816,393 |
4. To authorise the Directors to determine the remuneration of the Auditors | 412,246,153 | 99.99% | 32,268 | 0.01% | 58,570 |
5. To authorise the Directors to declare and pay all dividends as interim dividends | 412,285,883 | 100.00% | 18,307 | 0.00% | 32,801 |
6. To elect Martin Ratchford as a Director of the Company | 407,799,905 | 98.90% | 4,527,405 | 1.10% | 9,681 |
7. To re-elect Mark Pain as a Director of the Company | 377,633,660 | 94.48% | 22,064,340 | 5.52% | 12,638,991 |
8. To re-elect Alice Avis as a Director of the Company | 404,485,199 | 98.10% | 7,828,104 | 1.90% | 23,688 |
9. To re-elect Lynne Fennah as a Director of the Company | 398,507,963 | 96.65% | 13,819,932 | 3.35% | 9,096 |
10. To re-elect Duncan Garrood as a Director of the Company | 406,100,563 | 98.49% | 6,227,332 | 1.51% | 9,096 |
11. To authorise the Directors to allot shares under (section 551 of the Companies Act 2006) | 402,524,697 | 97.63% | 9,781,545 | 2.37% | 30,749 |
12. Special Resolution - subject to the passing of Resolution 11, the Directors shall have the power to allot equity securities (pursuant to sections 570 and 573 of the Companies Act 2006) for cash | 412,082,841 | 99.95% | 216,617 | 0.05% | 37,533 |
13. Special Resolution - subject to the passing of Resolution 11, the Directors shall have the power to allot equity securities (pursuant to sections 570 and 573 of the Companies Act 2006) for cash for the purpose of financing an acquisition or other capital investment | 369,597,195 | 89.65% | 42,679,063 | 10.35% | 60,733 |
14. Special Resolution - authorise the Company to make market purchases of own shares in the Company | 405,318,593 | 98.33% | 6,878,787 | 1.67% | 139,611 |
15. Special resolution - that a general meeting may be called on not less than 14 clear days' notice | 398,778,282 | 96.72% | 13,531,576 | 3.28% | 27,133 |
* A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Empiric Student Property plc | (via Maitland/amo below) |
Duncan Garrood (Chief Executive Officer) | |
Lynne Fennah (Chief Financial & Sustainability Officer) | |
| |
Jefferies International Limited | 020 7029 8000 |
Tom Yeadon Andrew Morris | |
| |
RBC Europe Limited (trading as RBC Capital Markets) | 020 7653 4000 |
Marcus Jackson Elliot Thomas | |
| |
Maitland/amo (Communications Adviser) | 07747 113 930 / 020 7379 5151 |
James Benjamin Alistair de Kare-Silver | empiric-maitland@maitland.co.uk |
The Company's LEI is 213800FPF38IBPRFPU87.
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, predominantly direct-let, premium student accommodation serving key UK universities. Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student® operating platform, that is attractive to affluent growing student segments.
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.