1 Dec 2017 12:36
Result of Annual General Meeting
Dublin, 1 December 2017 | At the Annual General Meeting of Green REIT plc ("Green REIT" or the "Company") held today at the Merrion Hotel, Upper Merrion Street, Dublin 2, Ireland all of the resolutions considered and voted upon by the shareholders were duly passed.
The full text of each resolution was included in the notice of the meeting circulated to shareholders on 7 November 2017.
The results of the proxy votes received in advance of the meeting are reported below:
Resolution | For | Against | Vote Withheld* | |
1 | Receive and consider the financial statements and reports of the Directors and Auditors | 481,312,540 | 2,297,549 | 27,301 |
2 | Receive and consider the Report of the Remuneration Committee | 483,411,852 | 4,700 | 216,838 |
3 | Authorise the remuneration of the Auditors to be fixed by the Directors | 483,050,914 | 359,638 | 216,838 |
4 | Election of Directors | |||
4(a) | Re-elect Stephen Vernon | 473,933,126 | 9,676,963 | 27,301 |
4(b) | Re-elect Jerome Kennedy | 482,169,501 | 1,440,588 | 27,301 |
4(c) | Re-elect Gary Kennedy | 446,461,479 | 6,526,665 | 30,649,246 |
4(d) | Re-elect Pat Gunne | 479,936,066 | 3,674,023 | 27,301 |
4(e) | Re-elect Gary McGann | 482,322,169 | 1,287,920 | 27,301 |
5 | Renew the authority of the Directors to allot shares | 480,999,708 | 2,610,381 | 27,301 |
6 | Disapplication of pre-emption rights | 483,590,889 | 17,200 | 29,301 |
7 | Disapplication of pre-emption rights in certain circumstances | 481,303,340 | 2,304,749 | 29,301 |
8 | Authorise market purchases of the Company's own shares | 483,242,651 | 0 | 384,739 |
*A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes for or against a resolution.
As previously disclosed in the Company's 2017 Annual Report, Thom Wernink had indicated his intention to retire from the Board at the conclusion of the AGM and accordingly did not offer himself for re-election. The Board has decided to appoint a new Independent Director to replace Mr. Wernink and details of the appointment will be announced when this recruitment process concludes. Jerome Kennedy has assumed the role of Senior Independent Director following the retirement of Mr Wernink.
In accordance with the Listing Rules, copies of the resolutions passed at the AGM have been forwarded to both the Irish Stock Exchange and the UK's National Storage Mechanism and are available for inspection at the following locations:
Companies Announcement Office
Irish Stock Exchange
28 Anglesea Street
Dublin 2
Ireland
and
http://www.morningstar.co.uk/uk/NSM
ENDS
Contacts
Green Property REIT Ventures (Investment Manager to the Company)
Niall O'Buachalla
+353 (0) 1 2418400
FTI Consulting (IR and PR to the Company)
Dublin: Jonathan Neilan
+353 (0) 1 765 0800
London: Giles Barrie / Claire Turvey
+44 (0)20 3727 1000
greenreit@fticonsulting.com