Last checked at 
14 May 2020 14:30
14 May 2020
Triple Point Social Housing REIT plc
(the "Company" or, together with its subsidiaries, the "Group")
RESULT OF ANNUAL GENERAL MEETING
The Board of Triple Point Social Housing REIT plc (ticker: SOHO) is pleased to announce that at the Company's Annual General Meeting held today, all resolutions were voted on by way of a poll and were passed by shareholders.
Resolutions 1 to 11 (inclusive) were proposed as ordinary resolutions and resolutions 12 to 15 (inclusive) were proposed as special resolutions. The results of the poll were as follows:
Resolution | Votes For | % | Votes Against | % | Total votes validly cast | Total votes cast as % of issued share capital* | Votes Withheld** | |
1 | To receive and adopt the Annual Report and accounts of the Company for the year ended 31 December 2019 | 198,874,128 | 100.00 | 9,230 | 0.00 | 198,883,358 | 56.68 | 0 |
2 | To approve the Directors' Remuneration Report | 198,843,537 | 99.99 | 29,430 | 0.01 | 198,872,967 | 56.67 | 10,391 |
3 | To re-elect Christopher Phillips as a Director of the Company | 198,859,128 | 100.00 | 9,230 | 0.00 | 198,868,358 | 56.67 | 15,000 |
4 | To re-elect Ian Reeves CBE as a Director of the Company | 198,859,128 | 100.00 | 9,230 | 0.00 | 198,868,358 | 56.67 | 15,000 |
5 | To re-elect Peter Coward as a Director of the Company | 198,859,128 | 100.00 | 9,230 | 0.00 | 198,868,358 | 56.67 | 15,000 |
6 | To re-elect Paul Oliver as a Director of the Company | 182,096,711 | 92.71 | 14,321,158 | 7.29 | 196,417,869 | 55.98 | 2,465,489 |
7 | To re-elect Tracey Fletcher-Ray as a Director of the Company | 198,859,128 | 100.00 | 9,230 | 0.00 | 198,868,358 | 56.67 | 15,000 |
8 | To re-appoint BDO LLP as Auditors of the Company | 198,849,458 | 99.99 | 13,509 | 0.01 | 198,862,967 | 56.67 | 20,391 |
9 | To authorise the Audit Committee to determine the Auditors' remuneration | 198,139,335 | 99.64 | 723,632 | 0.36 | 198,862,967 | 56.67 | 20,391 |
10 | To authorise the Directors to allot shares | 198,157,609 | 99.65 | 705,358 | 0.35 | 198,862,967 | 56.67 | 20,391 |
11 | To authorise the Directors to declare and pay all dividends of the Company as interim dividends | 198,874,128 | 100.00 | 9,230 | 0.00 | 198,883,358 | 56.68 | 0 |
12 | To dis-apply statutory pre-emption rights up to 5% | 198,849,804 | 99.99 | 13,163 | 0.01 | 198,862,967 | 56.67 | 20,391 |
13 | To dis-apply pre-emption rights up to a further 5% in connection with an acquisition or specified capital investment | 198,866,104 | 99.99 | 11,863 | 0.01 | 198,877,967 | 56.68 | 5,391 |
14 | To authorise the Company to purchase its own shares | 198,871,495 | 99.99 | 11,863 | 0.01 | 198,883,358 | 56.68 | 0 |
15 | To authorise the calling of general meetings, other than an annual general meeting, on not less than 14 clear days' notice | 194,342,613 | 97.72 | 4,535,354 | 2.28 | 198,877,967 | 56.68 | 5,391 |
*Excluding treasury shares.
**A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
Every shareholder has one vote for every Ordinary Share held. As at 14 May 2020, the issued share capital of the Company consisted of 351,352,210 Ordinary Shares. The Company holds 450,000 Ordinary Shares in treasury, which do not carry voting rights. Therefore, the total voting number of voting rights in the Company is 350,902,210 Ordinary Shares.
The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 12 March 2020, a copy of which is available on the Company's website at https://www.triplepointreit.com/investors/72/.
In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management LLP (Delegated Investment Manager) | Tel: 020 7201 8976 |
James Cranmer |
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Ben Beaton |
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Max Shenkman |
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Hanway Advisory Limited (Company Secretary) Luke Cheshire | Tel: 020 7201 8989 |
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Akur Capital (Financial Adviser) | Tel: 020 7493 3631 |
Tom Frost |
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Anthony Richardson |
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Siobhan Sergeant |
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The Company's LEI is 213800BERVBS2HFTBC58.
Further information on the Company can be found on its website at www.triplepointreit.com.
NOTES:
The Company invests in primarily newly developed social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-linked, long-term (typically from 20 years to 30 years), Fully Repairing and Insuring ("FRI") leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development.
There is increasing political pressure and social need to increase housing supply across the UK which is creating opportunities for private sector investors to help deliver this housing. The Group's ability to provide forward funding for new developments not only enables the Company to secure fit for purpose, modern assets for its portfolio but also addresses the chronic undersupply of suitable supported housing properties in the UK at sustainable rents as well as delivering returns to investors.
Triple Point Investment Management LLP (part of the Triple Point Group) is responsible for management of the Group's portfolio (with such functions having been delegated to it by Langham Hall Fund Management LLP, the Company's alternative investment fund manager.
The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 8 August 2017 and was admitted to the premium segment of the Official List of the Financial Conduct Authority and migrated to trading on the premium segment of the Main Market on 27 March 2018. The Company operates as a UK Real Estate Investment Trust ("REIT") and is a constituent of the FTSE EPRA/NAREIT index.