11 Jul 2019 12:20
Yew Grove REIT plc
(the "Company" or "Yew Grove")
Result of Extraordinary General Meeting
and
Total Voting Rights
Yew Grove REIT plc (LSE:YEW, Euronext:YEW), which owns a diversified portfolio of Irish commercial property assets, is pleased to announce that following the Extraordinary General Meeting (the "EGM") held earlier today, the Resolutions required to grant authority to the Directors to allot and issue up to a maximum of 100 million New Shares pursuant to the Share Issuance Programme and disapply pre-emption rights in respect of the allotment and issue of such number of New Shares, were duly passed by shareholders. Full details of the Resolutions passed were as follows:
Resolution | For | Against | Total votes cast | Votes withheld | ||
Total votes | % | Total votes | % | |||
To grant authority to the Directors to allot and issue up to a maximum of 100 million New Shares pursuant to the Share Issuance Programme | 51,823,061 |
100
| 0 |
0
| 51,823,061 | 0 |
To disapply pre-emption rights in respect of the allotment and issue of such number of New Shares | 51,673,061 |
99.71
| 150,000 |
0.29
| 51,823,061 | 0 |
Notes
1. Any proxy appointments which gave discretion to the Chairman have been included in the "Total votes for" total.
2. A "Vote Withheld" is not a valid vote in Irish law and was not counted in the calculation of the proportion of the votes "For" or "Against" a resolution.
Admission
The Initial Placing remains conditional, inter alia, upon Admission.
Application has been made for the 10 million Initial Placing Shares, which will rank pari passu in all respects with the existing Ordinary Shares (but for the avoidance of doubt shall not have an entitlement to the 2019 second quarter dividend of 1.37 cents per Ordinary Share or the special dividend of 1.86 cents per Ordinary Share as announced on 26 June 2019), to be admitted to trading on AIM and Euronext Growth. Admission and dealings in the Initial Placing Shares on AIM and Euronext Growth are expected to commence at 8.00 a.m. on 12 July 2019.
Total Voting Rights
Following Admission, the Company will have a total of 85,000,000 Ordinary Shares in issue. With effect from Admission, this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under, inter alia, the Disclosure Guidance and Transparency Rules.
Capitalised terms used in the Company's circular to Shareholders published on 13 June 2019 shall, unless otherwise defined herein or the context provides otherwise, have the same meanings in this announcement.
Enquiries
Yew Grove REIT plc | +353 1 485 3950 |
Jonathan Laredo, Chief Executive | |
Michael Gibbons, Chief Investment Officer | |
Charles Peach, Chief Financial Officer | |
Investec Bank plc | |
Joint Broker, NOMAD & Joint Bookrunner | +44 20 7597 5970 |
David Anderson, Darren Vickers | |
Joint Broker, Euronext Growth Advisor & Joint Bookrunner |
+353 1 421 0000 |
Tommy Conway, Eoin Kennedy | |
Goodbody Stockbrokers UC | +353 1 667 0400 |
Joint Broker & Joint Bookrunner | |
David Kearney, Joe Gill, John Flynn, Richard Tunney | |
IFC Advisory | +44 203 934 6630 |
Financial PR | yewgrovereit@investor-focus.co.uk |
Tim Metcalfe, Heather Armstrong |
Notes to editors:
Yew Grove REIT plc is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property, with a particular focus on well-tenanted commercial real estate assets comprising office and industrial assets let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.