Local Shopping REIT (The) PLC Result of General Meeting (3390R)
December 08 2016 - 6:31AM
UK Regulatory
TIDMLSR
RNS Number : 3390R
Local Shopping REIT (The) PLC
08 December 2016
The Local Shopping REIT plc ("the Company" or "LSR")
Results of General Meeting held on 8 December 2016
The Local Shopping REIT plc announces that the results of the
resolutions considered at the General Meeting of the Company held
on 8 December 2016 were as set out below.
Resolutions proposed by Thalassa Holdings Ltd ("Thalassa"):
Resolution For Against Total Total No. of
votes votes Votes
validly cast Withheld
cast* as
% of
shares
in
issue
------------------------- -------------------- -------------------- ----------- -------- -----------
No. of % of No. of % of
Votes votes Votes votes
cast cast
--------------------- ----------- ------- ----------- ------- ----------- -------- -----------
Remove Stephen
East as a director
1 of the Company 597,597 1.50 39,268,887 98.50 39,866,484 48.32 19,701,218
--------------------- ----------- ------- ----------- ------- ----------- -------- -----------
Remove Nicholas
Vetch as a director
2 of the Company 597,597 1.50 39,268,887 98.50 39,866,484 48.32 19,701,218
--------------------- ----------- ------- ----------- ------- ----------- -------- -----------
Appoint Duncan
Soukup as a
director of
3 the Company 597,597 1.50 39,268,087 98.50 39,865,684 48.32 19,702,018
--------------------- ----------- ------- ----------- ------- ----------- -------- -----------
Appoint John
Hutchinson as
a director of
4 the Company 20,088,815 33.87 39,228,087 66.13 59,316,902 71.89 250,800
--------------------- ----------- ------- ----------- ------- ----------- -------- -----------
Appoint Toby
Burgess as a
director of
5 the Company 598,397 1.50 39,268,087 98.50 39,866,484 48.32 19,701,218
--------------------- ----------- ------- ----------- ------- ----------- -------- -----------
Resolution proposed by the Board of the Company:
Resolution For Against Total Total No.
votes votes of Votes
validly cast Withheld
cast* as %
of shares
in issue
----------------------- -------------------- -------------------- ----------- ----------- ----------
No. of % of No. of % of
Votes votes Votes votes
cast cast
------------------- ----------- ------- ----------- ------- ----------- ----------- ----------
Reduce the minimum
size of the
Company's Board
to two Directors
as permitted
by article 116
of the Company's
articles of
6 association 37,389,981 63.14 21,825,477 36.86 59,215,458 71.77 352,244
------------------- ----------- ------- ----------- ------- ----------- ----------- ----------
*Excluding votes withheld.
All resolutions were voted on by poll. As at 6:30pm on 6
December 2016, being the record date for the General Meeting, the
total number of shares in issue (excluding shares held in treasury)
was 82,505,853.
LSR's Chairman, Stephen East, commented:
"Excluding the voting of its own shares, Thalassa has received
less than 2% of votes polled in favour of its resolutions. This
process has frustratingly resulted in unnecessary expense for LSR
shareholders, which will be recognised in the current accounting
period. The Board of LSR is grateful to the overwhelming majority
of its shareholders for their support and will set out its roadmap
for the completion of the Company's strategic plan in our annual
results statement, which will be published on 12 December 2016. In
the meantime, the Board will continue to act in the best interests
of all shareholders, including Thalassa, and prosecute its plans as
expeditiously and sensibly as possible."
The results of the General Meeting will also be made available
on the Company's website: www.localshoppingreit.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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