Last checked at 27 Jan 2022 15:31
27 January 2022
HOME REIT plc
("Home REIT" or the "Company")
RESULT OF ANNUAL GENERAL MEETING
Following the Annual General Meeting ("AGM") of the Company, which was held earlier today, the Board is pleased to announce that all the ordinary resolutions and special resolutions, as set out in the Notice of AGM to shareholders dated 10 November 2021, were approved by shareholders. The resolutions put to the AGM were voted on by way of a poll.
The results of the poll were as follows:-
Resolution
| In favour | Against | Withheld | ||
1. Annual Report and Accounts | 398,270,935 | 100.00% | 0 | 0.00% | 201,595 |
2. Directors' Remuneration Report | 398,376,681 | 99.98% | 60,825 | 0.02% | 35,024 |
3. Remuneration Policy | 397,650,222 | 99.98% | 787,284 | 0.20% | 35,024 |
4. Pay all dividends as interim dividends | 398,374,539 | 99.98% | 81,858 | 0.02% | 16,133 |
5. Re-elect Lynne Fennah as a Director | 397,694,884 | 99.81% | 754,583 | 0.19% | 23,063 |
6. Re-elect Peter Cardwell as a Director | 397,907,518 | 99.87% | 531,949 | 0.13% | 33,063 |
7. Re-elect Simon Moore as a Director | 397,914,480 | 99.87% | 518,987 | 0.13% | 39,063 |
8. Re-elect Marlene Wood as a Director | 397,591,176 | 99.78% | 858,291 | 0.22% | 23,063 |
9. Re-appoint BDO LLP as Auditor | 386,067,599 | 99.90% | 377,211 | 0.10% | 12,027,720 |
10. Remuneration of the Auditor | 398,041,437 | 99.90% | 413,503 | 0.10% | 17,590 |
11. Company purchase of its own Ordinary Shares | 397,345,893 | 99.73% | 1,084,609 | 0.27% | 42,028 |
12. General Meeting called on not less than 14 clear days' notice | 389,439,123 | 97.74% | 9,017,274 | 2.26% | 16,133 |
On the record date for voting at the meeting, the Company's issued share capital consisted of 561,671,382 ordinary shares of £0.01 nominal value each, carrying one vote each. The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company was 561,671,382.
In accordance with Listing Rule 9.6.2, copies of the resolutions passed at the AGM, other than resolutions concerning ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alvarium Home REIT Advisors Limited Jamie Beale Gareth Jones | Via FTI Consulting below | |
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Alvarium Securities Limited Mark Thompson Eddie Nissen Oliver Kenyon |
+44 (0)20 7016 6711+44 (0)20 7016 6713 +44 (0)20 7016 6704 | |
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FTI Consulting (Communications Adviser) Claire Turvey Eve Kirmatzis Ellie Perham-Marchant Oliver Harrison | HomeREIT@fticonsulting.com +44 (0) 20 3727 1000 | |
The Company's LEI is: 213800A53AOVH3FCGG44.
For more information, please visit the Company's website: www.homereituk.com
About Home REIT plc
Home REIT plc seeks to contribute to the alleviation of homelessness in the UK, whilst targeting inflation-protected income and capital returns, by funding the acquisition and creation of a diversified portfolio of high-quality accommodation assets across the UK which are dedicated to providing accommodation to the homeless. The accommodation assets are let or pre-let on very long (typically 20 to 30 years) leases, containing inflation-linked or fixed uplift rent review provisions, to registered charities, housing associations, community interest companies and other regulated organisations which have a proven operating track record in providing low-cost accommodation to the homeless and which receive housing benefit or comparable support from local or central government to fund the provision of such accommodation to the homeless.
There is a critical need for further accommodation for the homeless in the UK, due to an increasing homeless population and a lack of available and affordable high-quality, fit-for-purpose stock to address the problem. Local housing authorities are under a statutory duty to secure accommodation for individuals who are unintentionally homeless and in priority need but current accommodation for the homeless is limited in quantum and often sub-standard and uneconomical.
The Company focuses on investing in and creating well-located properties that provide a sustainable level of rent for the tenant. Within the homeless accommodation assets, there is a focus on care, support, training and rehabilitation to provide vulnerable homeless people with the skills and confidence to find long-term accommodation and enable them to reintegrate back into society. Savings are expected to be made to local authorities and other providers of accommodation to the homeless via lower rents versus more expensive alternative accommodation.
The Company is listed on the premium segment of the Official List of the UK Financial Conduct Authority and its Ordinary Shares were admitted to trading on the main market of the London Stock Exchange, premium segment, on 12 October 2020.