18 Mar 2014 16:00
18 March 2014
Ground Rents Income Fund plc (the "Company")
Result of AGM
The Company announces that, at the Annual General Meeting of the Company held at 10.30 a.m. today, all resolutions put to ordinary shareholders were duly passed.
A summary of the votes lodged by proxy is as follows:
Resolution | For (see note 1) | Against (see note 1) | Number of votes withheld (see note 2)
| Total votes cast | |||
Number of votes
| % | Number of votes | % | ||||
1 | To receive the Annual Report and Accounts
| 18,363,200 | 100 | nil | - | nil | 18,363,200 |
2 | To elect Malcolm Naish
| 18,363,200 | 100 | nil | - | nil | 18,363,200 |
3 | To elect Paul Craig
| 18,363,200 | 100 | nil | - | nil | 18,363,200 |
4 | To elect Simon Wombwell
| 18,363,200 | 100 | nil | - | nil | 18,363,200 |
5 | To reappoint PwC as auditors
| 18,363,200 | 100 | nil | - | nil | 18,363,200 |
6 | To authorise the directors to determine the auditors' remuneration
| 18,363,200 | 100 | nil | - | nil | 18,363,200 |
7 | To authorise the directors to allot ordinary shares
| 18,363,200 | 100 | nil | - | nil | 18,363,200 |
8* | To disapply pre-emption rights
| 18,363,200 | 100 | nil | - | nil | 18,363,200 |
9* | To authorise the Company to make market purchases
| 18,363,200 | 100 | nil | - | nil | 18,363,200 |
*Special Resolution
Notes:
1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes received.
2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.
3. Total number of ordinary shares in issue at 10.30am on 14 March was 49,426,098 ordinary shares. 37.1% of voting capital was instructed.
A copy of the resolutions passed at today's AGM is available for viewing online at: http://www.groundrentsincomefund.com/.
FOR FURTHER INFORMATION CONTACT:
Simon Wombwell (Director)
| +44 (0)207 499 6424 |
N+1 Singer (Broker) | +44 (0)207 496 3000 |
James Maxwell / Gillian Martin
|
|
Appleby Securities (Channel Islands) Limited (Sponsor) | +44 (0)1481 755 620 |
Kate Storey |
|
Ground Rents (GRIO)