7 Jun 2017 13:41
7 June 2017
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Secure Income REIT Plc
Result of AGM
The Board of Secure Income REIT Plc (the "Company"), the specialist long term income REIT, confirms that, at the Annual General Meeting of the company held on 7 June 2017, all resolutions proposed were duly passed.
The results of voting for each resolution were:
For | % For | Against | % Against | |
1 Approval of accounts | 156,402,353 | 98.89 | 1,749,249 | 1.11 |
2 Reappointment of Nick Leslau | 156,401,153 | 98.89 | 1,450,449 | 1.11 |
3 Reappointment of Leslie Ferrar | 158,144,672 | 99.99 | 6,930 | 0.01 |
4 Reappointment of BDO LLP | 156,361,247 | 98.87 | 1,790,355 | 1.13 |
5 Directors' authority to fix auditors' fees | 158,104,766 | 99.97 | 46,836 | 0.03 |
6 Authorisation to make market purchases | 158,145,872 | 99.99 | 5,730 | 0.01 |
7 Authorisation to make non pre-emptive share issues | 148,002,389 | 93.58 | 10,149,213 | 6.42 |
There were no votes withheld in respect of any resolution. Total votes cast for each resolution amounted to 68.6% of shares in issue.
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For further information on the Company, please contact:
Secure Income REIT Plc | +44 20 7647 7647 |
Sandy Gumm  | |
Stifel Nicolaus Europe Limited (Nominated Adviser) | +44 20 7710 7600 |
David Arch | |
Tom Yeadon  | |
FTI Consulting | +44 20 3727 1000 |
Richard Sunderland | |
Claire Turvey |
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About Secure Income REIT
Secure Income REIT floated as a Real Estate Investment Trust on the AIM segment of the London Stock Exchange in June 2014. Upon Admission, shares were issued at 174p representing a market capitalisation of £293 million, which has subsequently grown to approximately £800 million.
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The Company specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows.
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At 31 December 2016, the Company's investment property portfolio was valued at approximately £1.64 billion, producing approximately £92.6 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of over 23 years, one of the longest income profiles in the quoted UK real estate sector. All rental income is subject to fixed or RPI upwards only rent reviews.
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The Company is advised by Prestbury Investments LLP which was adviser to Max Property Group plc until August 2014, when Max Property Group plc was sold to Blackstone Group. Prestbury Investments LLP is a partnership of real estate and finance professionals including Nick Leslau, Mike Brown, Tim Evans, Ben Walford and Sandy Gumm.
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The Company's Board is chaired by Martin Moore and also comprises three further independent Directors in Leslie Ferrar, Jonathan Lane and Ian Marcus, as well as three members of the Prestbury Team in Nick Leslau, Mike Brown and Sandy Gumm.
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