19 Feb 2020 15:04
STENPROP LIMITED
(Registered in Guernsey)
(Registration number 64865)
LSE share code: STP JSE share code: STP
ISIN: GG00BFWMR296
("Stenprop" or the "Company")
RESULTS OF GENERAL MEETING
19 February 2020
Shareholders are referred to the announcement released on RNS and SENS on Wednesday 18 December 2019 and to the circular issued to shareholders dated 27 January 2020 (the "circular") relating to the proposed disposal of the property known as Bleichenhof in Hamburg, Germany (the "transaction"), and incorporating a notice of general meeting.
Unless otherwise defined, words defined in the circular bear the same meaning in this announcement. Shareholders are referred to the notice of general meeting attached to the circular for details of the resolutions referred to below.
Shareholders are advised that at the general meeting of Stenprop shareholders held on Wednesday, 19 February 2020 (the "general meeting"), all resolutions required to be passed by Stenprop shareholders in order to approve the transaction were passed by the requisite majority of shareholders.
Details of the results of voting at the general meeting are as follows:
- total number of Stenprop shares in issue: 298,775,175;
- total number of Stenprop shares that could have been voted at the general meeting, excluding 14,542,867 treasury shares: 284,232,308; and
- total number of Stenprop shares that were present/represented at the general meeting: 94,086,334, being 33.10% of the total number of Stenprop shares that could have been voted at the general meeting.
Ordinary resolution 1: Disposal of Bleichenhof property
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Shares voted* 94,028,657, being 31.47% | For 94,028,657, being 100% | Against - | Abstentions^ 57,677, being 0.02% |
Ordinary resolution 2: Authority to give effect to resolutions
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Shares voted* 94,020,143, being 31.47% | For 94,020,143, being 100% | Against - | Abstentions^ 66,191, being 0.02% |
* shares voted (excluding abstentions) in relation to total shares in issue
^ in relation to total shares in issue
For further information:
Stenprop Limited +44(0)20 3918 6600
Paul Arenson
James Beaumont
Julian Carey
Numis Securities Limited (Financial Adviser) +44(0)20 7260 1000
Hugh Jonathan
Vicki Paine
Tavistock (PR Adviser) +44(0)20 7920 3150
James Whitmore
James Verstringhe
Java Capital Trustees and Sponsors Proprietary Limited +27 (0)11 722 3050
(JSE Sponsor)
About Stenprop:
Stenprop is a Guernsey-registered UK REIT. The objective of the Company is to deliver sustainable growing income to its investors. Stenprop's investment policy is to invest in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to www.stenprop.com.