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Last checked at 
2 Feb 2016 14:45
2 February 2016
Ground Rents Income Fund plc (the "Company")
Result of AGM
The Company announces that, at the Annual General Meeting of the Company held at 12.30 p.m. today, Ordinary resolutions (numbers 1 - 5) and Special resolution (number 7) put to shareholders were passed.
Special resolution (number 6) was not passed.
A summary of the votes lodged by proxy is as follows:
Resolution | For (see note 1) | Against (see note 1) | Number of votes withheld (see note 2)
| Total votes cast | |||
Number of votes
| % | Number of votes | % | ||||
1 | To receive the Annual Report and Accounts
| 43,038,403 | 100.0 | - | - | - | 43,038,403 |
2 | To re-elect Malcolm Naish
| 43,029,760 | 99.9 | 8,643 | 0.1 | - | 43,038,403 |
3 | To reappoint PwC as auditors
| 43,038,403 | 100.0 | - | - | - | 43,038,403 |
4 | To approve the auditor's remuneration
| 43,038,403 | 100.0 | - | - | - | 43,038,403 |
5 | To authorise the directors to allot ordinary shares
| 41,218,003 | 95.8 | 1,820,400 | 4.2 | - | 43,038,403 |
6* | To disapply pre-emption rights
| 28,099,636 | 65.3 | 14,938,767 | 34.7 | - | 43,038,403 |
7* | To authorise the Company to make market purchases
| 41,218,003 | 95.8 | 1,820,400 | 4.2 | - | 43,038,403 |
*Special resolution
Notes:
1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes received.
2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.
3. Total number of ordinary shares in issue at 12.30p.m. on 2 February 2016 was 93,124,311 ordinary shares. 46.2% of voting capital was instructed.
A copy of the resolutions passed at today's AGM is available for viewing online at: http://www.groundrentsincomefund.com/.
FOR FURTHER INFORMATION CONTACT:
Simon Wombwell (Director)
| +44 (0)207 499 6424 |
N+1 Singer (Broker) | +44 (0)207 496 3000 |
James Maxwell / Liz Yong / Tom Smale
| |
Appleby Securities (Channel Islands) Limited (Sponsor) | +44 (0)1481 755 620 |
Kate Storey |
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