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27 May 2016 18:22
Regional REIT Limited
Correction: Results of Annual General Meeting
27 May 2016
The announcement released on 27 May 2016 at 4:39pm under RNS Number 5992Z incorrectly stated the percentages of the result of the poll on resolution 11 and corresponding total votes lodged as follows: 26% For and 74% Against with a total of 143,077,987 votes lodged. The correct percentages of the result for the poll held on resolution 11 were: 74% For and 26% Against with a total of 145,005,018 votes lodged. All other details remain unchanged.
Results of Annual General Meeting
27 May 2016
The Annual General Meeting of Regional REIT Limited was held today, Friday, 27 May 2016 at the offices of Macfarlanes LLP, 20 Cursitor Street, London, EC4A 1LT. With the exception of resolution 11, all resolutions set out in the Notice of Meeting were approved by the shareholders on a show of hands. Resolution 11 was voted on by way of a poll and was not passed.
The Directors note that a substantial number of votes were received against resolutions 10 and 11 and the Company will be seeking to engage with shareholders to better understand their views.
The total number of proxy votes received in respect of resolutions 1-10 prior to the Annual General Meeting are set out below.
Ordinary Resolutions | For | % | Against | % | Withheld | Total lodged |
1. To receive the Company's financial statements, Directors' report and auditor's report for the period ended 31 December 2015. | 143,077,987 | 100.0 | 0 | 0 | 0 | 143,077,987 |
2. To appoint RSM UK Audit LLP as Auditor.
| 143,077,987 | 100.0 | 0 | 0 | 0 | 143,077,987 |
3. To authorise the Directors to determine the remuneration of the Auditor. | 143,077,987 | 100.0 | 0 | 0 | 0 | 143,077,987 |
4. To appoint Mr. William Eason, being eligible and offering himself for election, as a Director of the Company.
| 143,077,987 | 100.0 | 0 | 0 | 0 | 143,077,987 |
5. To appoint Mr. Stephen Inglis, being eligible and offering himself for election, as a Director of the Company.
| 141,757,546 | 99.08 | 1,320,441 | 0.92 | 0 | 143,077,987 |
6. To appoint Mr. Kevin McGrath, being eligible and offering himself for election, as a Director of the Company.
| 143,077,987 | 100.0 | 0 | 0 | 0 | 143,077,987 |
7. To appoint Mr. Martin McKay, being eligible and offering himself for election, as a Director of the Company.
| 141,757,546 | 99.08 | 1,320,441 | 0.92 | 0 | 143,077,987 |
8. To appoint Mr. Daniel Taylor, being eligible and offering himself for election, as a Director of the Company.
| 143,077,987 | 100.0 | 0 | 0 | 0 | 143,077,987 |
9. To give the Company authority to make market acquisitions of own Ordinary Shares.
| 143,077,987 | 100.0 | 0 | 0 | 0 | 143,077,987 |
10. To give the Directors authority to issue shares below the latest published NAV
| 103,239,949 | 72.16 | 39,838,038 | 27.84 | 0 | 143,077,987 |
Resolution 11 was held on a poll and was not passed. The result of the poll is set out below:
Extraordinary Resolution | For | % | Against | % | Withheld | Total lodged |
11. Resolution to give the Directors authority to issue and allot shares as if the pre-emption rights in the Articles did not apply
| 107,337,433 | 74.0 | 37,667,585 | 26.0 | 0 | 145,005,018 |
Notes:
1. Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.
2. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.regionalreit.com and on the National Storage Mechanism.
A copy of the resolutions passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.
-ends-
For further information please contact:
Capita Company Secretarial Services Limited
Company Secretary
0207 954 9526
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