Local Shopping REIT (The) PLC Result of AGM (4321G)

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RNS Number : 4321G

Local Shopping REIT (The) PLC

01 March 2018

The Local Shopping REIT plc ("the Company") announces the results of resolutions considered at the Company's Annual General Meeting held on 1 March 2018.

The following resolutions were passed on a show of hands, and the meeting was informed of valid proxy appointments which had been received in respect of those resolutions, as set out below:

 
              Resolution          For   Discretionary      Against   Withheld        Total      % of 
    Number & Description                                                             Cast*    shares 
                                                                                              voted* 
 -----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
  1: Receive 
   and adopt 
   the report 
   of the directors 
   and the financial 
   statements 
   of the Company 
   for the financial 
   year ended 
   30 September 
   2017, together 
   with the report 
   of the Auditors.        36,202,814               0   21,021,200          7   57,224,021    69.36% 
 -----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
  2. Approve 
   the Remuneration 
   Implementation 
   Report, contained 
   in the report 
   of the directors.       35,951,665               0   21,022,349    250,007   57,224,021    69.36% 
 -----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
  3. Re-elect 
   Stephen East 
   as a director.          57,222,860               0        1,154          7   57,224,021    69.36% 
 -----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
  4: Re-elect 
   Nicholas Vetch 
   as a director.          36,201,665               0   21,022,349          7   57,224,021    69.36% 
 -----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
  5: Re-elect 
   Brett Miller 
   as a director.          36,202,814               0   21,021,200          7   57,224,021    69.36% 
 -----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
  6: Re-appoint 
   KPMG LLP as 
   auditors to 
   the Company 
   and to authorise 
   the directors 
   to determine 
   their remuneration.     35,952,014               0   21,021,200    250,807   57,224,021    69.36% 
 -----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
  7. Renew the 
   directors' 
   authority 
   to allot securities 
   up to a maximum 
   nominal amount 
   equal to one-third 
   of issued 
   share capital.          35,905,314               0   21,068,700    250,007   57,224,021    69.36% 
 -----------------------  -----------  --------------  -----------  ---------  -----------  --------

The following resolutions, proposed as Special Resolutions of the Company, were not passed, as a result of voting on polls demanded and taken at the meeting:

 
 Resolution                      For   Discretionary      Against   Withheld        Total      % of 
  Number & Description                                                              Cast*    shares 
                                                                                             voted* 
-----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
 8: Authorise 
  the directors 
  to allot shares 
  for cash, 
  dispensing 
  with Companies 
  Act 2006 pre-emption 
  procedures, 
  up to 0a maximum 
  of 5% of issued 
  share capital.          35,904,514               0   21,069,500    250,007   57,224,021    69.36% 
-----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
 9: Authorise 
  the directors 
  to allot further 
  shares for 
  cash, dispensing 
  with Companies 
  Act 2006 pre-emption 
  procedures, 
  up to a maximum 
  of 5% of issued 
  share capital 
  in relation 
  to the financing 
  of an acquisition 
  or other capital 
  investment.             35,904,514               0   21,069,500    250,007   57,224,021    69.36% 
-----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
 10: Authorise 
  the directors 
  to make market 
  purchases 
  of the Company's 
  shares up 
  to a maximum 
  of 10% of 
  issued share 
  capital.                35,952,814               0   21,021,200    250,007   57,224,021    69.36% 
-----------------------  -----------  --------------  -----------  ---------  -----------  -------- 
 11: Permit 
  general meetings, 
  other than 
  the Annual 
  General Meeting, 
  to be called 
  on 14 clear 
  days' notice.           36,162,014               0   21,062,000          7   57,224,021    69.36% 
-----------------------  -----------  --------------  -----------  ---------  -----------  --------

*The total cast figure includes votes withheld. However, as votes withheld are not votes in law, they were not counted in the calculating the proportion of votes for and against a resolution.

Copies of the Notice of the Meeting and Addendum, including full text of all the resolutions, may be obtained from the Company's web site: www.localshoppingreit.co.uk.

Enquiries:

William A Heaney

Company Secretary

020 7355 8800

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 01, 2018 09:07 ET (14:07 GMT)

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