9 Mar 2022 07:00
Annual General Meeting
Schroder European Real Estate Investment Trust plc announces that, at the Annual General Meeting held on Tuesday, 8 March 2022, a poll was held on each of the resolutions proposed in the Notice of Meeting and each resolution was duly passed.
The results of the poll were as follows:
Resolution | Votes for (including discretionary) | % | Votes against | % | Votes total | % I.S.C. | Votes withheld | |
01 | To receive the Report of the Directors and the audited accounts | 48,113,516 | 100.00% | 0 | 0.00% | 48,113,516 | 35.98 | 204,959 |
02 | To approve the Directors' Remuneration Policy | 47,215,964 | 98.16% | 885,996 | 1.84% | 48,101,960 | 35.97 | 216,515 |
03 | To approve the Directors' Remuneration Report | 48,073,470 | 99.94% | 30,284 | 0.06% | 48,103,754 | 35.97 | 214,721 |
04 | To re-elect Sir Julian Berney Bt. | 41,827,109 | 97.33% | 1,146,429 | 2.67% | 42,973,538 | 32.13 | 5,344,937 |
05 | To re-elect Mr Jonathan Thompson | 48,062,964 | 99.99% | 6,877 | 0.01% | 48,069,841 | 35.94 | 248,634 |
06 | To re-elect Mr Mark Patterson | 48,041,964 | 99.94% | 27,877 | 0.06% | 48,069,841 | 35.94 | 248,634 |
07 | To re-elect Mrs Elizabeth Edwards | 48,041,964 | 99.94% | 27,877 | 0.06% | 48,069,841 | 35.94 | 248,634 |
08 | To re-appoint PricewaterhouseCoopers LLP | 43,979,592 | 91.41% | 4,133,924 | 8.59% | 48,113,516 | 35.98 | 204,959 |
09 | To authorise the Directors to determine the remuneration of the Auditors to the Company | 48,067,755 | 99.90% | 45,761 | 0.10% | 48,113,516 | 35.98 | 204,959 |
10 | To approve the Company's dividend policy | 48,113,516 | 100.00% | 0 | 0.00% | 48,113,516 | 35.98 | 204,959 |
11 | To renew the authority to allot shares | 48,112,897 | 100.00% | 0 | 0.00% | 48,112,897 | 35.98 | 205,578 |
12 | To approve the disapplication of pre-emption rights* | 47,979,025 | 99.72% | 132,697 | 0.28% | 48,111,722 | 35.98 | 206,753 |
13 | To renew the authority to purchase own shares* | 48,106,396 | 99.99% | 6,501 | 0.01% | 48,112,897 | 35.98 | 205,578 |
14 | To approve the amended Articles* | 37,541,241 | 78.03% | 10,569,633 | 21.97% | 48,110,874 | 35.97 | 207,601 |
*Resolutions 12, 13 and 14 were passed as special resolutions. Copies of resolutions 11, 12, 13 and 14 will be filed at Companies House.
The Board notes the significant number of votes cast against Resolution 14 and will be engaging with shareholders to understand the reasons for these, the conclusions of which will be detailed in either a further RNS announcement, or in the 2022 Half Year Report.
Shareholders are entitled to one vote per share. Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution. Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.
The total number of ordinary shares of 10p each in issue is 133,734,686. The total number of voting rights is: 133,734,686.
In accordance with LR 9.6.2, a copy of the resolutions passed, other than resolutions concerning ordinary business, at today's AGM will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Enquiries:
Ria Vavakis
Schroder Investment Management Limited 020 7658 2371
Schroder Eur.r (SERE)