Custodian Property Income REIT plc: Results of Annual General Meeting (1698755)

Custodian Property Income REIT plc (CREI) 
Custodian Property Income REIT plc: Results of Annual General Meeting 
08-Aug-2023 / 14:30 GMT/BST 
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8 August 2023 
 
Custodian Property Income REIT plc 
 
("Custodian Property Income REIT" or "the Company") 
 
Results of Annual General Meeting 
 
Custodian Property Income REIT (LSE: CREI), which seeks to deliver an enhanced income return by investing in a 
diversified portfolio of smaller, regional properties with strong income characteristics across the UK, pleased to 
announce that following the Annual General Meeting ("AGM") of the Company held earlier today, all resolutions were 
approved on a poll.  A summary of the results of the poll are set out below: 
 
                                                                                   % of    Votes      % of    Votes 
              Resolution                                               Votes for   votes   against    votes   withheld* 
                                                                                   cast               cast 
ORDINARY RESOLUTIONS 
1             To receive and adopt the Company's report and accounts   102,235,922 100     0          0       252,316 
              for the financial year ended 31 March 2023 
2             To approve the directors' remuneration report for the    100,292,222 97.87   2,179,931  2.13    16,085 
              year ended 31 March 2023 
3             To elect David MacLellan as a director                   100,663,000 98.23   1,813,952  1.77    11,286 
4             To re-elect Hazel Adam as a director                     97,700,747  95.34   4,776,205  4.66    11,286 
5             To re-elect Malcolm Cooper as a director                 97,683,960  95.32   4,792,992  4.68    11,286 
6             To re-elect Chris Ireland as a director                  97,683,960  95.32   4,792,992  4.68    11,286 
7             To re-elect Ian Mattioli as a director                   59,803,871  58.36   42,673,080 41.64   11,287 
8             To re-elect Elizabeth McMeikan as a director             78,164,545  76.28   24,312,407 23.72   11,286 
9             To re-appoint Deloitte LLP as auditor to the Company     102,464,102 99.99   12,850     0.01    11,286 
10            To authorise the directors to agree and fix the          102,464,102 99.99   12,850     0.01    11,286 
              auditor's remuneration 
11            To grant the directors' authority to allot ordinary      98,082,079  95.71   4,391,787  4.29    14,372 
              shares in the capital of the Company 
12            To amend the Company's Investment Policy                 102,459,362 99.99   14,504     0.01    14,372 
              To disapply statutory pre-emption rights on the 
13            allotment of ordinary shares in the capital of the       101,363,897 98.91   1,113,055  1.09    11,286 
              Company 
14            To further disapply the statutory pre-emption rights on  100,063,608 97.64   2,413,344  2.36    11,286 
              the allotment of Ordinary Shares 
              To authorise the Company to make market purchases of 
15            ordinary shares of GBP0.01 each in the capital of the      102,411,250 99.99   2,306      0.01    74,682 
              Company 
              That a general meeting, other than an annual general 
16            meeting, may be called on not less than 14 clear days'   95,949,030  93.63   6,527,922  6.37    11,286 
              notice

*NB: The percentage of votes cast for and against excludes withheld votes.

The votes received against Resolutions 7 and 8 to re-elect Ian Mattioli and Elizabeth McMeikan as Directors of the Company above comprised just 9.8% and 5.8% respectively of total shareholders. The Company complies with the Association of Investment Companies' Corporate Governance Code regarding Board diversity and independence and the Institutional Shareholder Services proxy voting guidance supported both resolutions. Where possible the Board, assisted by the Company's broker, will engage with shareholders to seek feedback.

Ian Mattioli is the founder director of Custodian Property Income REIT having instigated the development of Mattioli Woods plc's investment proposition, including the syndicated property initiative that developed into the seed portfolio for the launch of the Company in 2014. Ian is a non-independent Director of the Company due to his roles as CEO of Mattioli Woods plc and Chair of Custodian Capital Limited, the Company's discretionary investment manager, and is viewed by the Board as representative of Mattioli Woods plc's client shareholders which represent approximately 68% of the Company's shareholder register. Ian and his family own 6.1m shares in the Company representing c. 1.4%.

The Company confirms that copies of all resolutions passed at the Annual General Meeting will be available for viewing on the National Storage Mechanism shortly.

- Ends -

Further information:

Further information regarding the Company can be found at the Company's website custodianreit.com or please contact:

Custodian Capital Limited 
Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE Tel: +44 (0)116 240 8740 
                                                     www.custodiancapital.com 
Numis Securities Limited 
Hugh Jonathan / Nathan Brown  Tel: +44 (0)20 7260 1000 
                              www.numis.com/funds 
FTI Consulting 
Richard Sunderland / Andrew Davis / Oliver Parsons Tel: +44 (0)20 3727 1000 
                                                   custodianreit@fticonsulting.com

Notes to Editors

Custodian Property Income REIT plc is a UK real estate investment trust, which listed on the main market of the London Stock Exchange on 26 March 2014. Its portfolio comprises properties predominantly let to institutional grade tenants on long leases throughout the UK and is principally characterised by smaller, regional, core/core-plus properties.

The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund. By principally targeting smaller, regional, core/core-plus properties, the Company seeks to provide investors with an attractive level of income with the potential for capital growth.

Custodian Capital Limited is the discretionary investment manager of the Company.

For more information visit custodianreit.com and custodiancapital.com.

----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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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.:   263244 
EQS News ID:    1698755 
 
End of Announcement  EQS News Service 
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August 08, 2023 09:30 ET (13:30 GMT)

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