29 Jan 2015 10:15
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.
The results of 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 2014 together with the reports of the Directors and Independent Auditors | 850,092,996 | 99.95 | 410,525 | 0.05 | 2,812,963 |
2 | To approve the Directors Annual Report on Remuneration | 848,630,529 | 99.78 | 1,873,153 | 0.22 | 2,812,802 |
3 | To approve the Directors Remuneration Policy | 844,937,595 | 99.66 | 2,885,579 | 0.34 | 5,493,310 |
4 | To re-elect Mr GA Clarke as a Director | 847,420,673 | 99.66 | 2,880,467 | 0.34 | 3,015,344 |
5 | To re-elect Mr MJW Farrow as a Director | 847,683,776 | 99.69 | 2,627,365 | 0.31 | 3,005,343 |
6 | To re-elect Mr GR Tipper as a Director | 847,734,819 | 99.70 | 2,566,322 | 0.30 | 3,015,343 |
7 | To re-elect Ms SE Ford as a Director | 848,467,473 | 99.76 | 2,038,776 | 0.24 | 2,810,235 |
8 | To re-elect M Wainer as a Director | 844,503,725 | 99.30 | 5,992,524 | 0.70 | 2,820,235 |
9 | To re-elect B Nackan as a Director | 844,500,841 | 99.30 | 5,995,408 | 0.70 | 2,820,235 |
10 | To re-elect MJ Watters as a Director | 848,731,216 | 99.79 | 1,775,033 | 0.21 | 2,810,235 |
11 | To re-elect Mr SJ Oakenfull as a Director | 848,311,825 | 99.74 | 2,183,924 | 0.26 | 2,820,735 |
12 | To re-elect A Rowell as a Director | 848,498,606 | 99.77 | 1,997,143 | 0.23 | 2,820,735 |
13 | To re-elect A Horsburgh as a Director | 848,312,325 | 99.74 | 2,183,924 | 0.26 | 2,820,235 |
14 | To re-appoint KPMG as the Company's Independent Auditor | 847,431,522 | 99.66 | 2,865,439 | 0.34 | 3,019,523 |
15 | To authorise the Directors to determine the remuneration of the Independent Auditor | 848,404,120 | 99.75 | 2,114,618 | 0.25 | 2,797,746 |
16 | To increase the aggregate fees that can be paid to non-executive directors | 839,719,055 | 98.77 | 10,449,018 | 1.23 | 3,148,411 |
17 | To authorise the Directors to allot Ordinary Shares up to the limits contained in the Notice of the AGM | 657,465,314 | 77.33 | 192,766,969 | 22.67 | 3,084,201 |
18 | To authorise a scrip dividend alternative | 849,273,425 | 99.89 | 952,225 | 0.11 | 3,090,834 |
19 | The Directors be authorised to dis-apply pre-emption rights up to the limits stated in the Notice of AGM | 665,410,327 | 78.26 | 184,803,489 | 21.74 | 3,102,668 |
20 | To authorise the Directors to make market purchases of own shares | 850,478,996 | 99.99 | 54,838 | 0.01 | 2,782,650 |
21 | To authorise the use of electronic communications | 850,455,015 | 99.99 | 24,927 | 0.01 | 2,836,542 |
22 | To approve the transfer of listing category | 847,622,509 | 99.99 | 17,411 | 0.01 | 5,676,564 |
*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.
It has been noted that a significant amount of shareholders on the JSE register have voted against Resolution 17 and Resolution 19. 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.
The Company's total issued share capital as at 29 January 2015 is 1,319,908,835 ordinary shares of 8 pence each.
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 | Tel: +44 (0) 20 7811 0100 |
FTI Consulting UK Public Relations Adviser | |
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 |
JSE Sponsor Java Capital | Tel: + 27 (0) 11 283 0042 |
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 invests in large, well developed economies with established and transparent real estate markets. Within these markets, Redefine International's £1 billion investment portfolio provides diversified exposure to the commercial, industrial, retail and hotel sectors.
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 of 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.
www.redefineinternational.com