The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPhoenix Spree D Regulatory News (PSDL)

Share Price Information for Phoenix Spree D (PSDL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 152.00
Bid: 152.00
Ask: 156.00
Change: 1.00 (0.66%)
Spread: 4.00 (2.632%)
Open: 151.00
High: 152.00
Low: 151.00
Prev. Close: 151.00
PSDL Live PriceLast checked at -
Phoenix Spree Deutschland is an Investment Trust

To provide Shareholders with both stable income returns, as well as capital growth through investment in German real estate, with a focus on residential properties in Berlin and secondary German cities.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Result of AGM

28 Jun 2023 15:39

RNS Number : 2770E
Phoenix Spree Deutschland Limited
28 June 2023
 

28 June 2023

 

Phoenix Spree Deutschland Limited

(the "Company" or "PSDL")

 

AGM Results and Berlin Rent Index.

 

AGM Result

Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in Berlin residential real estate, today announces that all resolutions put to the annual general meeting ("AGM") held today, Wednesday 28 June 2023, at the registered office of the Company were duly approved by a large majority. Details of the proxy votes received in respect of each resolution are attached to the foot of this announcement. 

New Berlin Rent Index.

The Company welcomes the release by The Senate Department for Urban Development, Building and Housing of a new transitional Berlin Rent Index ("the Index.")

Announced on 15 June 2023, the Index replaces the previous rent index 2021 and applies until a new qualified rent index is published in the first half of 2024. On average, the Index represents an increase in rental values of 5.4% versus 2021.

Where applicable, the Company will be notifying qualifying tenants of any adjustments to future monthly rental payments. Although the Index is not the primary driver of PSD's rent growth, it is anticipated that it will be accretive to rental income in the second half of the financial year.

Interim Portfolio valuation and business update.

As in previous years, the Company expects to announce its interim portfolio valuation and business update in early August.

AGM resolutions and results.

Total votes of 50,684,239 were received. Details of the votes received in respect of each resolution are noted as follows:

Summary Resolutions*

For / Discretionary1

%

Against

%

Withheld

1. Ordinary Resolution: THAT the audited annual report and financial statements of the Company for the year ended 31 December 2022, together with the report of the directors and report of the auditors be received and adopted.

50,684,239

100

0

0

0

2. Ordinary Resolution: THAT the Directors' remuneration report for the year ended 31 December 2022 be approved.

50,654,138

99.95

26,426

0.05

3,675

3. Ordinary Resolution: THAT the Directors' remuneration policy for the year ended 31 December 2022 be approved.

50,080,135

98.82

597,467

1.18

6,637

4. Ordinary Resolution: THAT Robert Hingley be re-elected as a director of the Company.

46,238,670

91.23

4,445,569

8.77

0

5. Ordinary Resolution: THAT Jonathan Thompson be re-elected as a director of the Company.

47,412,813

93.55

3,271,426

6.45

0

6. Ordinary Resolution: THAT Antonia Burgess be re-elected as a director of the Company.

46,876,381

92.49

3,807,858

7.51

0

7. Ordinary Resolution: THAT Isabel Robins be re-elected as a director of the Company.

46,876,381

92.49

3,807,858

7.51

0

8. Ordinary Resolution: THAT Steven Wilderspin be elected as a director of the Company.

47,412,803

93.55

3,271,436

6.45

0

9. Ordinary Resolution: THAT RSM UK Audit LLP be re-appointed as auditors to the Company.

50,680,564

99.99

3,675

0.01

0

10. Ordinary Resolution: THAT the Audit Committee be authorised to determine the remuneration of RSM UK Audit LLP.

50,684,239

100

0

0

0

11. Ordinary Resolution: THAT the Company be authorised to enter into the Proposal set out in the circular published by the Company on 5 June 2023.

 

50,506,933

99.95

26,416

0.05

150,890

12. Special Resolution: THAT the Company be generally and unconditionally authorised to make market purchases of and to cancel or hold in treasury up to 13,764,921 Ordinary Shares.

50,224,924

99.09

459,315

0.91

0

13. Special Resolution: THAT the Directors be authorised to allot and issue up to 10,075,141 Ordinary Shares, as if pre-emption rights in the articles did not apply.

 

50,624,403

99.88

59,836

0.12

0

 

1Any proxy appointments which gave discretion to the Chair of the AGM, or a third party were voted for the resolution.\* The full text of the resolutions may be found in the notice of the AGM, a copy of which is available on both the Company's website www.phoenixspree.com and on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.In accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Legal Entity Identifier: 213800OR6IIJPG98AG39

For Further Information, Please Contact:

Phoenix Spree Deutschland Limited +44 (0) 20 3937 8760

Stuart Young

 

Numis Securities Limited (Corporate Broker) +44 (0) 20 7260 1000

David Benda

 

Teneo (Financial PR) +44 (0) 20 7353 4200

Olivia Peters

Jo Blackshaw

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGSEAFLAEDSEDM
Date   Source Headline
16th May 20163:20 pmRNSResult of placing
16th May 20161:00 pmRNSProposed placing
6th May 201612:17 pmRNSDirector/PDMR Shareholding
28th Apr 201612:31 pmRNSFinal Results
9th Mar 201610:05 amRNSNotification of Major Interest in Shares
8th Mar 201611:20 amRNSNotification of Major Interest in Shares
7th Mar 20164:58 pmRNSNotification of Major Interest in Shares
3rd Mar 201611:27 amRNSResult of EGM
9th Feb 20162:10 pmRNSPublication of Prospectus and Circular
9th Feb 20167:00 amRNSProposed Share Issue and Notice of EGM
14th Jan 20167:00 amRNSInvestment Property Valuation
4th Dec 20157:00 amRNSPortfolio update
23rd Sep 20154:31 pmRNSPDMR Dealings
23rd Sep 20154:30 pmRNSDirector Dealings
17th Sep 20153:57 pmRNSDirector Declaration
16th Sep 20157:00 amRNSAppointment of Chief Executive by Property Advisor
28th Aug 20157:00 amRNSInterim Results
29th Jul 20157:01 amRNSPortfolio Update
1st Jul 20154:18 pmRNSHolding(s) in Company
30th Jun 20154:35 pmRNSDirector/PDMR Shareholding
15th Jun 20157:00 amRNSFirst Day of Dealings

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.