2 Mar 2017 15:17
The Local Shopping REIT plc ("the Company") announces the results of resolutions considered at the Company's Annual General Meeting held on 2 March 2017. All resolutions put to the meeting were as set out in the Notice of the Meeting.
The following resolutions were passed on a show of hands, and the meeting was informed of valid proxy appointments which had been received in respect of those resolutions, as set out below:
Resolution Number & Description | For | Discretionary | Against | Withheld | Total Cast* | |||||
1: Receive and adopt the report of the directors and the Company's financial statements for the year ended 30 September 2016. | 26,397,633 | 0 | 0 | 0 | 26,397,633 | |||||
2. Approve the Company's Remuneration Policy | 26,107,633 | 0 | 40,000 | 250,000 | 26,397,633 | |||||
3. Approve Remuneration Implementation Report for the year ended 30 September 2015. | 26,147,633 | 0 | 0 | 250,000 | 26,397,633 | |||||
6: Re-elect Brett Miller as a director of the Company. | 26,388,344 | 0 | 2,000 | 9,289 | 26,397,633 | |||||
7: Reappoint KPMG LLP as auditors to the Company and to authorise the directors to determine their remuneration. | 26,130,930 | 0 | 6,614 | 260,089 | 26,397,633 | |||||
10: Renew the directors' authority to make market purchases of the Company's shares (as a Special Resolution). | 26,134,633 | 0 | 13,000 | 250,000 | 26,397,633 | |||||
11. Approve a Remuneration Payment pursuant to section 226B(1)(b) of the Companies Act 2006. | 26,138,344 | 0 | 0 | 259,289 | 26,397,633 | |||||
12: Permit general meetings (other than the Annual General Meeting) to be called on 14 clear days' notice (as a Special Resolution). | 26,347,544 | 0 | 50,089 | 0 | 26,397,633 | |||||
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The following resolutions were also passed by way of polls demanded and taken at the meeting:
Resolution Number & Description | For | Discretionary | Against | Withheld | Total Cast* |
4: Re-appoint Stephen East as a director of the Company | 32,118,376 | 0 | 19,676,195 | 9,289 | 51,803,860 |
5: Re-elect Nicholas Vetch as a director of the Company. | 32,118,376 | 0 | 19,676,195 | 9,289 | 51,803,860 |
8: Renew the directors' authority to allot securities. | 30,482,160 | 0 | 21,071,700 | 250,000 | 51,803,860 |
The following resolution was not passed, as a result of voting on a poll demanded taken at the meeting:
Resolution Number & Description | For | Discretionary | Against | Withheld | Total Cast* |
9: Renew the directors' authority to allot shares for cash, dispensing with Companies Act 2006 pre-emption procedures (as a Special Resolution). | 30,447,974 | 0 | 21,105,886 | 250,000 | 51,803,860 |
\* The total cast figure includes votes withheld. However, as votes withheld are not votes in law, they are not counted in the calculating the proportion of votes for and against a resolution.
Copies of the Notice of the Meeting, including full text of all the resolutions, may be obtained from the Company's web site: www.localshoppingreit.co.uk.
Enquiries:
Bill Heaney
Company Secretary
020 7355 8800
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