18 Jan 2017 11:45
18 January 2017
Ground Rents Income Fund plc (the "Company")
Result of AGM
The Company announces that, at the Annual General Meeting of the Company held at 11.00 a.m. today, Ordinary resolutions (numbers 1 - 5) and Special resolutions (number 6 and 7) put to shareholders were 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
| 42,923,033 | 100.0 | - | - | - | 42,923,033 |
2 | To re-elect Paul Craig
| 41,727,583 | 97.2 | 1,194,450 | 2.8 | 1,000 | 42,922,033 |
3 | To reappoint PwC as auditors
| 42,922,033 | 100.0 | - | - | 1,000 | 42,922,033 |
4 | To approve the auditor's remuneration
| 42,922,033 | 100.0 | - | - | 1,000 | 42,922,033 |
5 | To authorise the directors to allot ordinary shares
| 42,923,033 | 100.0 | - | - | - | 42,923,033 |
6* | To disapply pre-emption rights
| 34,388,475 | 80.1 | 8,533,558 | 19.9 | 1,000 | 42,922,033 |
7* | To authorise the Company to make market purchases
| 42,779,116 | 99.9 | 1,000 | 0.01 | 142,917 | 42,780,116 |
*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 11.00 a.m. on 18 January 2017 was 93,402,011 ordinary shares. 46.0% 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:
Ground Rents Income Fund plc
| |
Simon Wombwell (Director)
| +44 (0)207 499 6424 |
Brooks Macdonald Funds Limited
| |
James Agar (Director)
| +44 (0)207 659 3454 |
N+1 Singer (Broker)
| |
James Maxwell / Liz Yong
| +44 (0)207 496 3000 |
Tavistock (Media)
| |
Jeremy Carey / James Whitmore
| +44 (0)207 920 3150 |
Appleby Securities (Channel Islands) Limited (Sponsor)
| |
Kate Storey / Danielle Machon
| +44 (0)1481 755 600 |
Ground Rents (GRIO)