14 Sep 2022 12:00
INDUSTRIALS REIT LIMITED
(Formerly Stenprop Limited)
(Registered in Guernsey with registration number 64865)
LSE share code: MLI JSE share code: MLI
ISIN: GG00BFWMR296
("Industrials REIT" or the "Company")
14 September 2022
Results of Annual General Meeting
The Industrials REIT Annual General Meeting was held yesterday 13 September 2022 (in terms of the notice of Annual General Meeting dispatched to shareholders on Thursday, 28 July 2022). A poll was held on each of the resolutions proposed and the results of the poll are set out below. Resolutions 1 to 14 were passed as ordinary resolutions and resolutions 15-17 were passed as extraordinary resolutions by the requisite majority of shareholders.
Ordinary Resolutions | Shares voted | % of issued share capital voted* | Votes for | % of votes for | Votes against | % of votes against | Votes withheld |
1. To receive the Company's annual report and audited financial statements | 129,243,156 | 43.88 | 129,219,751 | 99.98 | 23,405 | 0.02 | 0 |
2. To approve the Directors' remuneration policy | 129,093,840 | 43.83 | 125,693,062 | 97.37 | 3,400,778 | 2.63 | 149,316 |
3. To approve the Directors' remuneration implementation report | 129,093,840 | 43.83 | 125,430,859 | 97.16 | 3,662,981 | 2.84 | 149,316 |
4. To re-elect Richard John Grant as a director of the Company | 129,238,562 | 43.88 | 127,863,225 | 98.94 | 1,375,337 | 1.06 | 4,594 |
5. To re-elect Paul Maurice Arenson as a director of the Company | 129,243,156 | 43.88 | 128,725,122 | 99.60 | 518,034 | 0.40 | 0 |
Ordinary Resolutions | Shares voted | % of issued share capital voted* | Votes for | % of votes for | Votes against | % of votes against | Votes withheld |
6. To re-elect Julian Roger Carey as a director of the Company | 129,243,156 | 43.88 | 128,726,184 | 99.60 | 516,972 | 0.40 | 0 |
7. To re-elect James Edward Day Beaumont as a director of the Company | 129,219,883 | 43.88 | 129,176,323 | 99.97 | 43,560 | 0.03 | 23,273 |
8. To re-elect Louisa Mairi Bell as a director of the Company | 129,243,156 | 43.88 | 129,218,570 | 99.98 | 24,586 | 0.02 | 0 |
9. To re-elect Philip John Holland as a director of the Company | 129,243,156 | 43.88 | 129,219,632 | 99.98 | 23,524 | 0.02 | 0 |
10. To re-elect Paul Jerome Miller as a director of the Company | 97,821,104 | 33.21 | 85,070,225 | 86.97 | 12,750,879 | 13.03 | 31,422,052 |
11. To re-elect Richard Sauvan Smith as director of the Company | 129,243,156 | 43.88 | 129,219,632 | 99.98 | 23,524 | 0.02 | 0 |
12. To re-elect Patricia Anne Watson as director of the Company | 97,821,104 | 33.21 | 90,832,781 | 92.86 | 6,988,323 | 7.14 | 31,422,052 |
13. To re-appoint BDO LLP as auditor of the Company | 129,243,156 | 43.88 | 126,601,798 | 97.96 | 2,641,358 | 2.04 | 0 |
Ordinary Resolutions | Shares voted | % of issued share capital voted* | Votes for | % of votes for | Votes against | % of votes against | Votes withheld |
14. To authorise the Audit and Risk Committee to determine the remuneration of the auditor | 129,243,156 | 43.88 | 129,219,751 | 99.98 | 23,405 | 0.02 | 0 |
Extraordinary Resolutions | Shares voted | % of issued share capital voted* | Votes for | % of votes for | Votes against | % of votes against | Votes withheld |
15. THAT the Company be authorised to disapply statutory pre-emption rights on the allotment of shares | 129,219,883 | 43.88 | 113,150,002 | 87.56 | 16,069,881 | 12.44 | 23,273 |
16. THAT the Company be authorised to disapply statutory pre-emption rights on the allotment of shares for an acquisition or capital investment | 129,243,156 | 43.88 | 113,226,706 | 87.61 | 16,016,450 | 12.39 | 0 |
17. THAT the Company be authorised to purchase its own shares. | 129,219,883 | 43.88 | 126,579,009 | 97.96 | 2,640,874 | 2.04 | 23,273 |
* excluding ordinary shares held in treasury.
The issued share capital of the Company as at 5.00 p.m. UK time/6.00 p.m. SA time on Friday, 9 September 2022 (the time by which shareholders who wanted to attend, speak and vote at the Annual General Meeting were entered on the Register) was 298,775,175 ordinary shares, with 4,258,406 shares held in treasury. The total number of voting rights in the Company was therefore 294,516,769.
In accordance with LR 9.6.2 of the Financial Conduct Authority's Listing Rules, copies of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The full text of the resolutions is set out in the notice of Annual General Meeting which is also available at Industrials REIT - Circulars and Notices
For further information:
Industrials REIT Limited Paul Arenson (paul.arenson@industrials.co.uk) Julian Carey (julian.carey@industrials.co.uk) James Beaumont (james.beaumont@industrials.co.uk)
| +44(0)20 3918 6600 |
Numis Securities Limited (Financial Adviser) Hugh Jonathan Vicki Paine
| +44(0)20 7260 1000 |
FTI Consulting (PR Adviser) Richard Sunderland Richard Gotla Neel Bose industrialsreit@fticonsulting.com
| +44(0)20 3727 1000 |
Java Capital (JSE Sponsor)
| +27 (0)11 722 3050 |
About Industrials REIT :
Industrials REIT is a UK REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. The objective of the Company is to deliver a combination of sustainable growing income and growth in value to its investors. Industrials REIT focuses on owning and operating a diversified portfolio of UK purpose built multi-let industrial (MLI) estates across the UK. The Company aspires to be the leading MLI business in the UK. For further information, go to www.industrialsreit.com .