Custodian REIT plc : Results of Annual General Meeting (706449)
July 19 2018 - 10:52AM
UK Regulatory
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Custodian REIT plc (CREI)
Custodian REIT plc : Results of Annual General Meeting
19-Jul-2018 / 15:51 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
19 July 2018
Custodian REIT plc
("Custodian REIT" or "the Company")
Results of Annual General Meeting
Custodian REIT (LSE: CREI), the UK commercial real estate investment
company, announces that at the Annual General Meeting of the Company held
earlier today, resolutions 1 to 10 were passed as ordinary resolutions, and
resolutions 11, 13 and 14 were passed as special resolutions.
Resolution 12, relating to the further disapplication of pre-emption rights,
in certain circumstances, did not receive the required 75% of votes cast in
favour, so was not passed. The resolution failed despite the fact that the
votes cast against the resolution represented just 7.44% of the Company's
total voting rights. The Board recognises that the authority sought was
higher than the level recommended by best practice in accordance with the
Pre-emption Group's Statement of Principles on Disapplying Pre-emption
Rights. The Directors believe, however, that a larger authority is justified
to continue the Company's programme of tap issuance to enable it to fund
future acquisitions, and so will take steps to further engage with
shareholders on this matter.
As at 19 July 2018, the total number of voting rights in the Company was
386,853,344. All resolutions were voted on via a poll, and a summary of the
results of the poll are set out below:
Resolution Votes % of Votes % of Votes
for votes against votes withheld
cast cast *
ORDINARY RESOLUTIONS
1 To receive 54,300,2 99.19 443,358 0.81 13,670
and adopt 49
the
Company's
report and
accounts
for the
financial
year ended
31 March
2018
2 To approve 54,743,6 99.98 13,670 0.02 0
the 08
directors'
remunerati
on report
for the
period 31
March 2018
3 To 54,757,2 100.00 0 0.00 0
re-elect 78
Barry
Gordon
Gilbertson
as a
director
4 To 52,294,2 95.50 2,463,06 4.50 0
re-elect 08 9
David Ian
Hunter as
a director
5 To 44,014,2 80.38 10,743,0 19.62 0
re-elect 11 66
Ian Thomas
Mattioli
as a
director
6 To 54,757,2 100.00 0 0.00 0
re-elect 78
Matthew
Wadman
John
Thorne as
a director
7 To 54,139,1 98.87 618,130 1.13 0
re-appoint 47
Deloitte
LLP as
auditor to
the
Company
8 To 54,757,2 100.00 0 0.00 0
authorise 78
the
directors
to agree
and fix
the
auditor's
remunerati
on
9 To grant 54,723,7 99.99 4,608 0.01 28,873
the 97
directors
authority
to allot
ordinary
shares in
the
capital of
the
Company
10 To receive 54,728,4 100.00 0 0.00 28,873
and adopt 05
the
amended
investment
policy
effective
from 19
July 2018
SPECIAL RESOLUTIONS
11 To 54,485,0 99.57 237,782 0.43 34,445
disapply 51
statutory
pre-emptio
n rights
on the
allotment
of
ordinary
shares in
the
capital of
the
Company
12 To further 28,768,2 52.57 25,954,6 47.43 34,445
disapply 03 30
the
statutory
pre-emptio
n rights
on the
allotment
of
Ordinary
Shares
13 To 54,731,8 99.99 4,608 0.01 20,775
authorise 98
the
Company to
make
market
purchases
of
ordinary
shares of
GBP0.01 each
in the
capital of
the
Company
14 That a 53,865,1 98.41 871,305 1.59 20,775
general 98
meeting,
other than
an annual
general
meeting,
may be
called on
not less
than 14
clear
days'
notice
*NB: The percentage of votes cast for and against excludes withheld votes.
The Company confirms that copies of all resolutions passed at the Annual
General Meeting will be submitted to the National Storage Mechanism (NSM) at
http://www.morningstar.co.uk/uk/NSM [1] and will shortly be available for
viewing.
- Ends -
For further information, please contact:
Custodian Capital Limited
Richard Shepherd-Cross / Nathan Tel: +44 (0)116 240 8740
Imlach / Ian Mattioli MBE
www.custodiancapital.com [2]
Numis Securities Limited
Nathan Brown / Hugh Jonathan Tel: +44 (0)20 7260 1000
www.numiscorp.com
Camarco
Ed Gascoigne-Pees Tel: +44 (0)20 3757 4984
www.camarco.co.uk
Notes to Editors
Custodian REIT plc is a UK real estate investment trust with a portfolio
comprising properties predominantly let to institutional grade tenants
throughout the UK, principally characterised by properties with individual
values of less than GBP10m at acquisition.
The Company offers investors the opportunity to access a diversified
portfolio of UK commercial real estate through a closed-ended fund. By
principally targeting sub GBP10m lot size regional properties, the Company
intends to provide investors with an attractive level of income and the
potential for capital growth, becoming the REIT of choice for private and
institutional investors seeking high and stable dividends from
well-diversified UK real estate.
Custodian Capital Limited is the discretionary investment manager of the
Company.
For more information visit www.custodianreit.com [3] and
www.custodiancapital.com [2].
ISIN: GB00BJFLFT45
Category Code: RAG
TIDM: CREI
LEI Code: 2138001BOD1J5XK1CX76
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 5767
EQS News ID: 706449
End of Announcement EQS News Service
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