Last checked at 17 Mar 2021 16:00
17 March 2021
Safestore Holdings plc
("Safestore", "the Company" or "the Group")
Result of Annual General Meeting
Annual General Meeting
The 2021 Annual General Meeting of Safestore Holdings plc was held at midday today at the Company's registered office in Borehamwood, Hertfordshire.
The Annual General Meeting was a closed meeting in accordance with the Corporate Insolvency and Governance Act 2020 and shareholders, other than those required for a quorum, were not permitted to attend. Voting was conducted by way of a poll so that all shareholders were fairly represented.
All resolutions were passed by the requisite majority by way of a poll.
The following votes were cast in respect of the AGM resolutions:
| Resolution | Votes For | % | Votes Against | % |
| Total Votes (excluding withheld) | % of Issued Share Capital Voted | Votes Withheld |
1 | To receive the Annual Report and Accounts | 163,598,427 | 99.99% | 16,429 | 0.01% |
| 163,614,856 | 77.61% | 456,503 |
2 | To approve the Directors' Remuneration Report | 158,436,298 | 96.58% | 5,615,966 | 3.42% |
| 164,052,264 | 77.82% | 19,095 |
3 | To appoint Deloitte LLP as auditor | 162,595,038 | 99.40% | 985,061 | 0.60% |
| 163,580,099 | 77.60% | 491,260 |
4 | To authorise the Directors to determine the auditors' remuneration | 163,071,111 | 99.40% | 984,998 | 0.60% |
| 164,056,109 | 77.82% | 15,250 |
5 | To declare a final dividend of 12.7 pence per ordinary share | 164,056,713 | 100.00% | 0 | 0.00% |
| 164,056,713 | 77.82% | 14,646 |
6 | To elect Gert van de Weerdhof as a Director | 133,244,757 | 81.22% | 30,808,293 | 18.78% |
| 164,053,050 | 77.82% | 18,309 |
7 | To re-elect David Hearn as a Director | 142,965,799 | 90.33% | 15,309,690 | 9.67% |
| 158,275,489 | 75.08% | 5,795,870 |
8 | To re-elect Frederic Vecchioli as a Director | 164,053,679 | 99.99% | 1,471 | 0.01% |
| 164,055,150 | 77.82% | 16,209 |
9 | To re-elect Andy Jones as a Director | 162,554,043 | 99.09% | 1,500,507 | 0.91% |
| 164,054,550 | 77.82% | 16,809 |
10 | To re-elect Ian Krieger as a Director | 158,796,776 | 96.80% | 5,257,774 | 3.20% |
| 164,054,550 | 77.82% | 16,809 |
11 | To re-elect Joanne Kenrick as a Director | 163,794,826 | 99.84% | 258,287 | 0.16% |
| 164,053,113 | 77.82% | 18,246 |
12 | To re-elect Claire Balmforth as a Director | 164,021,468 | 99.98% | 33,745 | 0.02% |
| 164,055,213 | 77.82% | 16,146 |
13 | To re-elect Bill Oliver as a Director | 164,051,579 | 99.99% | 1,471 | 0.01% |
| 164,053,050 | 77.82% | 18,309 |
14 | To authorise political donations and political expenditure | 158,096,144 | 96.37% | 5,957,557 | 3.63% |
| 164,053,701 | 77.82% | 17,658 |
15 | To authorise the directors to allot relevant securities | 153,985,467 | 93.86% | 10,068,433 | 6.14% |
| 164,053,900 | 77.82% | 17,459 |
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16 | To authorise the dis-application of pre-emption rights | 163,729,740 | 99.80% | 324,060 | 0.20% |
| 164,053,800 | 77.82% | 17,559 |
17 | To authorise market purchases of ordinary shares | 162,847,653 | 99.54% | 748,529 | 0.46% |
| 163,596,182 | 77.60% | 475,177 |
18 | To authorise general meetings (other than annual general meetings) to be called on not less than 14 clear days' notice meetings | 151,716,106 | 92.48% | 12,339,072 | 7.52% |
| 164,055,178 | 77.82% | 16,181 |
Resolutions 1 to 15 were ordinary resolutions, requiring more than 50 per cent. of shareholders' votes to be cast in favour of the resolutions. Resolutions 16 to 18 were special resolutions, requiring at least 75 per cent. of shareholders' votes to be cast in favour of the resolutions.
Where shareholders appointed the Chairman of the meeting as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.
A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of votes cast for and against a resolution.
The current issued capital of Safestore Holdings plc is 210,811,175 ordinary shares.
In accordance with LR 9.6.2, copies of the resolutions passed as special business have been submitted to the Financial Conduct Authority's National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
For further information, please contact:
Safestore Holdings plc Helen Bramall, Company Secretary | 020 8732 1500 |
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www.safestore.com |
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Instinctif Partners Guy Scarborough Catherine Wickman | 020 7457 2020 |
Notes to editors:
· Safestore is the UK's largest self-storage group with 159 stores at 31 January 2021 comprising 127 wholly owned stores in the UK (including 71 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle and Bristol) and 28 wholly owned stores in the Paris region and 4 stores in Barcelona. In addition, the Group operates 9 stores in the Netherlands and 6 stores in Belgium under a joint venture agreement with Carlyle.
· Safestore operates more self-storage sites inside the M25 and in central Paris than any competitor providing more proximity to customers in the wealthiest and densest UK and French markets.
· Safestore was founded in the UK in 1998. It acquired the French business "Une Pièce en Plus" ("UPP") in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.
· Safestore has been listed on the London Stock Exchange since 2007. It entered the FTSE 250 index in October 2015.
· The Group provides storage to around 75,000 personal and business customers.
· As at 31 January 2021, Safestore had a maximum lettable area ("MLA") of 6.871 million sq ft (excluding the expansion pipeline stores, and the Carlyle Joint Venture) of which 5.506 million sq ft was occupied.
· Safestore employs around 660 people in the UK, Paris, and Barcelona.
· Following a recent assessment by Investors in People, Safestore has been awarded the prestigious We invest in people, platinum accreditation. Platinum is the highest level of accreditation achievable through the We invest in people accreditation, with only 2% of organisations achieving this standard.