Last checked at 
18 Sep 2018 16:14
18 September 2018
REAL ESTATE CREDIT INVESTMENTS LIMITED (THE "COMPANY")
RESULT OF THE ANNUAL GENERAL MEETING
The Board of Directors of the Company is pleased to announce that, at the Annual General Meeting of the Company held today (the "AGM"), all resolutions were approved.
-ENDS-
For further information please contact:
Broker: | Richard Crawley / Richard Bootle (Liberum Capital)
| +44(0)20 3100 2222 |
Investor Relations: | Nicole Von Westenholz (Cheyne) | +44(0)20 7968 7482 |
Resolutions | Votes For / Discretionary | % of Vote | Against | % of Vote | Withheld |
Ordinary business |
|
|
|
|
|
1. To receive and adopt the Directors' report and financial statements for the period ended 31 March 2018. | 58,808,175 | 95.21 | 2,955,722 | 4.79 | 0 |
2. To re-appoint Deloitte LLP as Auditors. | 61,669,734 | 99.85 | 94,163 | 0.15 | 0 |
3. To authorise the Directors to fix the remuneration of the Auditors. | 61,703,731 | 99.90 | 60,167 | 0.10 | 0 |
4. To re-elect Bob Cowdell as a Director. | 61,680,795 | 99.87 | 83,102 | 0.13 | 0 |
5. To re-elect Graham Harrison as a Director | 58,637,962 | 94.94 | 3,125,935 | 5.06 | 0 |
6. To re-elect John Hallam as a Director. | 58,519,984 | 94.75 | 3,243,913 | 5.25 | 0 |
7. To elect Susie Farnon as a Director. | 57,271,014 | 92.72 | 4,491,726 | 7.27 | 0 |
Extraordinary business |
|
|
|
|
|
8. To renew the Company's authority under and in accordance with the Articles of Incorporation of the Company and section 315 of the Law to make market acquisitions (within the meaning of section 316 of the Law) to authorise the Company unconditionally and generally to make market acquisitions of up to 14.99 per cent of the Ordinary Shares on such terms and in such manner as the Directors may from time to time determine.
| 61,702,574 | 99.89 | 60,167 | 0.10 | 0 |
9. To disapply pre-emption rights in relation to 'equity securities' (as defined in the Articles), and authorise the Directors to allot and issue equity securities for cash pursuant to Article 5 of the Articles or by way of a sale of treasury shares as if Article 6.3 of the Articles did not apply to any such allotment and issue, provided that this power shall be limited to the allotment and issue of up to 10 per cent. of the total Ordinary Shares issued by the Company as at 10 August 2018, being the Latest Practicable Date before publication of this Circular, and shall expire on the date of the Company's annual general meeting to be held in 2019 (unless previously renewed, varied or revoked by the Company in general meeting), save that the Company shall be entitled to make offers or agreements before the expiry of such power which would or might require equity securities to be allotted and issued after such expiry and the Directors shall be entitled to allot and issue equity securities pursuant to any such offer or agreement as if the power conferred hereby had not expired. | 56,707,907 | 92.63 | 4,513,717 | 7.37 | 542,273 |