26 Jan 2016 11:30
REDEFINE INTERNATIONAL P.L.C.
("Redefine International" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
Annual General Meeting Voting Results
Redefine International, a UK Real Estate Investment Trust ("UK-REIT"), is pleased to announce that at the Annual General Meeting ("AGM") held today, all the proposed resolutions were duly passed by the required majority on a vote conducted by way of a poll.
As a company with a controlling shareholder, and in accordance with LR9.2.2E of the Listing Rules of the UKLA, the re-election of the independent Non-executive Directors, namely resolutions 4 to 7 were approved by (i) all shareholders and (ii) the independent shareholders.
The results of voting by all shareholders on the resolutions, which can be found in the Notice of the AGM, were as follows:-
Resolution | For | % | Against | % | Withheld* | |
1. | To adopt the Group and Company's audited financial statements for the year ended 31 August 2015 together with the reports of the Directors and Independent Auditors | 964,095,616 | 99.91 | 833,611 | 0.09 | 3,928,066 |
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2 | To approve the Directors Annual Report on Remuneration | 917,640,871 | 95.57 | 42,522,746 | 4.43 | 8,693,677 |
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3 | To re-elect GA Clarke as a Director | 966,490,309 | 99.79 | 2,048,205 | 0.21 | 4,186,955 |
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4 | To re-elect MJW Farrow as a Director | 967,041,704 | 99.82 | 1,740,193 | 0.18 | 3,943,573 |
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5 | To re-elect GR Tipper as a Director | 967,005,757 | 99.82 | 1,776,140 | 0.18 | 3,943,573 |
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6 | To re-elect SE Ford as a Director | 967,459,771 | 99.86 | 1,322,126 | 0.14 | 3,943,573 |
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7 | To re-elect R Orr as a Director | 967,456,174 | 99.86 | 1,328,238 | 0.14 | 3,941,058 |
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8 | To re-elect M Wainer as a Director | 961,409,302 | 99.24 | 7,372,594 | 0.76 | 3,943,573 |
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9 | To re-elect B Nackan as a Director | 962,017,275 | 99.30 | 6,764,621 | 0.70 | 3,943,573 |
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10 | To re-elect MJ Watters as a Director | 963,462,355 | 99.85 | 1,451,366 | 0.15 | 3,943,573 |
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11 | To re-elect SJ Oakenfull as a Director | 963,186,982 | 99.82 | 1,726,739 | 0.18 | 3,943,573 |
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12 | To re-elect D Grant as a Director | 963,287,613 | 99.83 | 1,625,579 | 0.17 | 3,944,102 |
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13 | To re-elect A Horsburgh as a Director | 963,185,545 | 99.82 | 1,728,176 | 0.18 | 3,943,573 |
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14 | To re-appoint KPMG as the Company's Independent Auditor | 964,215,460 | 99.93 | 696,884 | 0.07 | 3,944,949 |
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15 | To authorise the Directors to determine the remuneration of the Independent Auditor | 964,875,077 | 99.99 | 22,753 | 0.01 | 3,959,464 |
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16 | To authorise the Directors to increase the Share Capital of the Company. | 954,694,580 | 99.02 | 9,455,231 | 0.98 | 4,717,483 |
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17 | To authorise the Directors to allot Ordinary Shares up to the limits contained in the Notice of the AGM | 764,667,397 | 79.31 | 199,480,172 | 20.69 | 4,709,725 |
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18 | To authorise the Directors to dis-apply pre-emption rights up to the limits stated in the Notice of AGM | 769,593,533 | 79.82 | 194,570,535 | 20.18 | 4,693,225 |
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19 | To authorise the Directors to make market purchases of own shares | 958,068,064 | 99.37 | 6,096,761 | 0.63 | 4,692,468 |
The results of voting by independent shareholders on resolutions 4 to 7, relating to the re-election of the independent Non-executive Directors, were as follows:-
Votes excluding controlling shareholders on the Resolutions concerning the election or re-election of the independent Non-Executive Directors. | ||||||
Resolution | For | % | Against | % | Withheld* | |
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4 | To re-elect MJW Farrow as a Director | 517,284,419 | 99.66 | 1,740,193 | 0.34 | 3,943,573 |
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5 | To re-elect GR Tipper as a Director | 517,248,472 | 99.66 | 1,776,140 | 0.34 | 3,943,573 |
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6 | To re-elect SE Ford as a Director | 517,702,486 | 99.75 | 1,322,126 | 0.25 | 3,943,573 |
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7 | To re-elect R Orr as a Director | 517,698,889 | 99.74 | 1,328,238 | 0.25 | 3,941,058 |
*It should be noted that a vote withheld is not a vote in law and will not be counted in the calculation of the proportion of the votes for and against the resolution.
The Company's total issued share capital as at 26 January 2016 is 1,495,566,887 ordinary shares of 8 pence each.
It has been noted that a significant amount of shareholders on the JSE register have voted against Resolution 17 and Resolution 18. The Notice of the AGM explained that these authorities are in line with current UK guidelines. The Board is aware that such guidelines differ to those in South Africa and will continue to liaise with South African shareholders on such matters.
In accordance with LR 9.6.2 R of the Listing Rules of the UKLA, copies of all resolutions passed by the Company, other than resolutions concerning ordinary business, have been submitted to the UK's National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM and can also be viewed on the Company's website, www.redefineinternational.com.
For further information:
Redefine International P.L.C. | |
Michael Watters, Stephen Oakenfull, Janine Ackermann | Tel: +44 (0) 20 7811 0100 |
FTI Consulting UK Public Relations Adviser |
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Dido Laurimore, Claire Turvey, Ellie Sweeney
FTI Consulting SA Public Relations Adviser Max Gebhardt | Tel: +44 (0) 20 3727 1000
Tel: + 27 (0) 11 214 2402 |
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JSE Sponsor Java Capital | Tel: + 27 (0) 11 722 3050 |
Notes to editors:
Redefine International (RDI) is a FTSE 250 income focused UK-REIT with a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.
The Group's investment portfolio is diversified across the retail, commercial and hotel sectors in the UK and Germany with an aggregate value in excess of £1.3 billion.
Redefine International is focused on delivering sustainable and growing income to shareholders through investment in income yielding assets let to high quality occupiers on long leases. Capital values are enhanced and protected by asset management and other low capex development activities.
As a UK-REIT, the Group aims to distribute the majority of its earnings available for distribution on a semi-annual basis, providing investors with attractive income returns as well as exposure to capital growth opportunities.
For more information on Redefine International, please refer to the Company's website www.redefineinternational.com