Last checked at 
8 Nov 2019 16:30
GROUND RENTS INCOME FUND PLC ("GRIO" OR THE "COMPANY")
Result of Warrantholder Meeting and General Meeting
The Company announces that the Special Resolutions put to the Warrantholders at the Warrantholder Meeting and Shareholders at the General Meeting, each of which took place today at 10.00 am and 10.30 am respectively, were passed.
A summary of the votes lodged by proxy at the Warrantholder Meeting 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 | % | |||
The authorisation of the distribution of capital reserves arising as a result of the proposed capital reduction | 1,229,849 | 89.69 | 141,378 | 10.31 | 0 | 1,371,227 |
A summary of the votes lodged by proxy at the General Meeting 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 | % | |||
The release of claims against shareholders, directors and former directors in respect of certain historic distributions | 33,362,560 | 99.83 | 56,001 | 0.17 | 25,819 | 33,418,561 |
The cancellation of the share premium account | 33,368,329 | 99.83 | 56,001 | 0.17 | 20,050 | 33,424,330 |
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. The total number of issued warrants at 10.00am on 8 November 2019 was 4,423,876. 31% of voting capital was instructed. The total number of ordinary shares in issue at 10.30am on 8 November 2019 was 97,006,497 ordinary shares. 34.45% of voting capital was instructed.
A copy of the resolutions passed at today's General Meeting and Warrantholder Meeting is available for viewing online at: www.groundrentsincomefund.com
8 November 2019
FOR FURTHER INFORMATION CONTACT:
Schroder Real Estate Investment Management Limited
James Agar / Matthew Riley
020 7658 6000
N+1 Singer (Broker)
James Maxwell / Ben Farrow
020 7496 3000
Tavistock (Media)
James Whitmore / Jeremy Carey
020 7920 3150
Appleby Securities (Channel Islands) Limited (Sponsor)
Andrew Weaver
01534 888777