10 Feb 2022 15:15
10 February 2022
TRITAX EUROBOX PLC
(the "Company")
Result of AGM
The Board of Tritax EuroBox plc (ticker: EBOX) announces that at the Company's Annual General Meeting, held on 10 February 2022, all resolutions were voted on by a show of hands and were passed by the Company's shareholders.
In accordance with Listing Rule 9.6.2, a copy of the resolutions that do not constitute ordinary business at an annual general meeting have been submitted to the National Storage Mechanism and will be available shortly for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
As at the date of the Company's Annual General Meeting, there were 806,803,984 ordinary shares with voting rights in issue.
For information, the following proxy votes were received prior to the meeting representing approximately 56 per cent. of the total voting rights.
Resolutions | Proxy votes in favour1
| Proxy votes against | Votes withheld | ||
Votes | % of votes cast* | Votes | % of votes cast* | Votes | |
1. Receive and adopt the financial statements for the financial year ended 30 September 2021 | 455,004,769 | 100 | 703 | 0 | 15,733 |
2. Receive, adopt and approve the Directors' Remuneration Report (other than the Directors' Remuneration Policy) | 454,833,740 | 99.97 | 116,356 | 0.03 | 71,109 |
3. Re-elect Robert Orr as a Director of the Company | 365,810,958 | 80.40 | 89,202,083 | 19.60 | 8,164 |
4. Re-elect Taco De Groot as a Director of the Company | 420,821,251 | 92.49 | 34,193,683 | 7.51 | 6,271 |
5. Re-elect Keith Mansfield as a Director of the Company | 414,261,694 | 91.04 | 40,751,575 | 8.96 | 7,936 |
6. Re-elect Eva-Lotta Sjöstedt as a Director of the Company | 422,841,112 | 92.93 | 32,173,822 | 7.07 | 6,271 |
7. Re-appoint KPMG LLP as the Company's Auditor | 454,902,548 | 99.98 | 112,386 | 0.02 | 6,271 |
8. Authorise the Directors to determine the remuneration of KMPG LLP as the Company's Auditors | 452,976,180 | 99.55 | 2,037,564 | 0.45 | 7,461 |
9. Authorise the Directors to declare and pay all dividends as interim dividends and for the last dividend referable to a financial year not to be categorised as a final dividend | 455,012,509 | 100 | 0 | 0.00 | 6,271 |
10. Authorise the Directors to allot shares in the capital of the Company (section 551 of the Companies Act 2006) | 427,244,701 | 93.90 | 27,770,005 | 6.10 | 6,499 |
11. Special resolution - Authorise the Directors to allot shares on a non-pre-emptive basis | 432,764,037 | 95.11 | 22,244,741 | 4.89 | 12,427 |
12. Special resolution - Disapplication of pre-emption rights in connection with financing a transaction (section 561 Companies Act 2006) | 432,070,561 | 94.96 | 22,940,545 | 5.04 | 10,099 |
13. Special resolution - Authorise the Company to purchase Ordinary Share from the open market | 452,850,906 | 99.98 | 108,439 | 0.02 | 2,061,860 |
14. Special resolution - That a general meeting other than an Annual General Meeting may be called on not less than 14 clear days' notice | 445,569,384 | 98.10 | 8,620,699 | 1.90 | 831,122 |
* Percentages are expressed as a proportion of the total votes cast (which does not include votes withheld). A vote withheld is not a vote in law and it is not counted in the votes for and against resolutions.
1 Any proxy appointments which give discretion to the Chairman have been included in the 'for' column.
Comment on Voting
The Board is pleased that all resolutions were successfully approved by shareholders, with the majority of those shareholders voting in favour of all resolutions.
The Board, however, recognises the material number of votes against resolution 3, the re-election of the Company's chairman Robert Orr. The Company is seeking to engage with those of its key shareholders who voted against resolution 3. To the extent concerns are raised in relation to the diversity of the Board (in particular, the requirement for the Company to meet the target for gender diversity set out in the Hampton-Alexander review, following its inclusion in the FTSE 250 index in October 2021), the Board is committed to meeting this target, as outlined in the latest Annual Report.
In recognition of the increased size of the Company, as well as actively seeking to improve the diversity of the Board, we were pleased to announce, earlier today, the appointment of Sarah Whitney as a new Non-executive Director of the Company. Following Sarah's appointment, we can confirm that we will be fully compliant with the Hampton-Alexander board gender diversity target, with 40% female representation. Full details in respect of Sarah's appointment are provided in the relevant announcement.
The Board engaged with a number of investors on the topic of diversity ahead of the AGM and we will continue to do so, in particular and as noted above, with those shareholders who voted against resolution 3. The feedback and any actions required will be published at a later date. The Board welcomes feedback and engagement from shareholders on a regular basis to discuss any concerns they may have.
For further information, please contact:
Tritax Group Hana Beard (Company Secretary) | +44 (0) 20 7290 1616 |
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Maitland/AMO (Communications Adviser) James Benjamin | +44 (0) 20 7379 5151 Email: tritax-maitland@maitland.co.uk |
The Company's LEI is: 213800HK59N7H979QU33.
NOTES:
Tritax EuroBox plc invests in and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are delivering an attractive capital return and secure income to shareholders. These assets fulfil key roles in the logistics and distribution supply-chain focused on the most established logistics markets and on the major population centres across core Continental European countries.
Occupier demand for Continental European logistics assets is in the midst of a major long-term structural change principally driven by the growth of e-commerce. This is evidenced by technological advancements, increased automation and supply-chain optimisation.
The Company's Manager, Tritax Management LLP, has assembled a full-service European logistics asset management capability including specialist "on the ground" asset and property managers with strong market standings in the Continental European logistics sector.
Further information on Tritax EuroBox plc is available at www.tritaxeurobox.co.uk
Tritax Euro.eur (BOXE)
Tritax Eurobox (EBOX)