17 Sep 2020 16:30
17 September 2020
Real Estate Credit Investments Limited (the "Company")
Result of the Annual General Meeting
The Directors of Real Estate Credit Investments Limited ("RECI" or the "Company"), are pleased to announce the results of voting at the annual general meeting of the Company held at 10:30 AM on Thursday 17 September 2020 at East Wing, Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3PP (the "AGM" or the "Meeting").
The notice of the AGM and proposed agenda and resolutions were circulated to shareholders and announced to the market on 14 August 2020.
Each of the resolutions proposed at the AGM was duly passed. Voting was conducted by way of a poll on each of the resolutions put to the Meeting. This is seen as best practice as it gives all shareholders the opportunity to participate in the decision-making of the Company and have their votes recorded even if they are unable to attend the Meeting in person.
Total votes of 104,598,672 were cast at the AGM. The results of the voting are noted as follows:
|
| In Favour |
|
|
| Discretion |
|
|
| Against |
|
| Withheld |
|
Resolution | Votes | %age | Items |
| Votes | %age | Items |
| Votes | %age | Items |
| Votes | Items |
1 | 104,561,033 | 99.98 | 80 |
| 0 | 0 | 0 |
| 24,672 | 0.02 | 1 |
| 12,967 | 2 |
2 | 104,545,533 | 99.98 | 79 |
| 0 | 0 | 0 |
| 24,672 | 0.02 | 1 |
| 28,467 | 3 |
3 | 99,785,468 | 95.41 | 75 |
| 0 | 0 | 0 |
| 4,800,237 | 4.59 | 7 |
| 12,967 | 2 |
4 | 104,560,259 | 99.98 | 80 |
| 0 | 0 | 0 |
| 24,672 | 0.02 | 1 |
| 13,741 | 3 |
5 | 103,461,239 | 98.93 | 77 |
| 0 | 0 | 0 |
| 1,123,692 | 1.07 | 5 |
| 13,741 | 3 |
6 | 104,584,932 | 100.00 | 80 |
| 0 | 0 | 0 |
| 0 | 0.00 | 0 |
| 13,741 | 3 |
7 | 99,302,776 | 95.06 | 72 |
| 0 | 0 | 0 |
| 5,157,477 | 4.94 | 9 |
| 138,419 | 5 |
8 | 104,556,701 | 99.99 | 80 |
| 0 | 0 | 0 |
| 700 | 0.01 | 1 |
| 41,272 | 3 |
9 | 104,566,033 | 99.98 | 80 |
| 0 | 0 | 0 |
| 24,672 | 0.02 | 1 |
| 7,967 | 2 |
10 | 81,440,269 | 86.26 | 55 |
| 0 | 0 | 0 |
| 12,971,863 | 13.74 | 27 |
| 10,186,540 | 11 |
A copy of this announcement will be available on the Company's website and, in accordance with Listing Rule 9.6.2, the full text of the resolutions passed at the AGM may be found in the Notice of AGM published on 14 August 2020 available from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Notes:
1. Defined terms used in this announcement shall bear the meanings given in the AGM Circular.
2. Ordinary resolutions are passed if more than 50% of votes are cast in favour of the resolution; special resolutions are passed if more than 75% of votes are cast in favour of the resolution.
3. The Discretionary votes received were voted in favour of each resolution.
4. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a particular resolution.
For further information, please contact:
Broker: Richard Crawley / Richard Bootle (Liberum Capital) +44 (0) 20 3100 2222
Investment Manager: Richard Lang (Cheyne Capital) +44 (0) 20 7968 7328
Real Est.cred (RECI)