Ground Rents Income Fund PLC Result of AGM (7117C)

TIDMGRIO

RNS Number : 7117C

Ground Rents Income Fund PLC

23 January 2018

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                  Against            Number      Total 
                                    (see                 (see               of votes    votes 
                                    note                 note               withheld    cast 
                                    1)                   1)                 (see 
                                                                            note 
                                                                            2) 
-----------  -------------------  -----------  ------  ----------  -----  ----------  ----------- 
                                   Number       %       Number      % 
                                    of votes             of votes 
-----------  -------------------  -----------  ------  ----------  -----  ----------  ----------- 
              To receive 
               the Annual 
               Report and 
 1             Accounts            25,832,360   100.0   -           -      -           25,832,360 
-----------  -------------------  -----------  ------  ----------  -----  ----------  ----------- 
              To re-elect 
 2             Simon Wombwell      25,134,874   97.3    697,486     2.7    -           25,832,360 
-----------  -------------------  -----------  ------  ----------  -----  ----------  ----------- 
              To reappoint 
 3             PwC as auditors     25,827,150   99.99   609         0.01   4,601       25,827,759 
-----------  -------------------  -----------  ------  ----------  -----  ----------  ----------- 
              To approve 
               the auditor's 
 4             remuneration        25,832,360   100.0   -           -      -           25,832,360 
-----------  -------------------  -----------  ------  ----------  -----  ----------  ----------- 
              To authorise 
               the directors 
               to allot ordinary 
 5             shares              25,806,277   99.92   21,399      0.08   4,684       25,827,676 
-----------  -------------------  -----------  ------  ----------  -----  ----------  ----------- 
              To disapply 
               pre-emption 
 6*            rights              25,805,668   99.9    25,008      0.1    1,684       25,830,676 
-----------  -------------------  -----------  ------  ----------  -----  ----------  ----------- 
              To authorise 
               the Company 
               to make market 
 7*            purchases           24,996,652   99.83   41,799      0.17   793,909     25,038,451 
-----------  -------------------  -----------  ------  ----------  -----  ----------  -----------

*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 23 January 2018 was 96,712,100 ordinary shares. 26.7% 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)               0207 499 6424 
--------------------------------------  -------------- 
 Brooks Macdonald Funds Limited 
--------------------------------------  -------------- 
 James Agar (Director)                   0207 659 3454 
--------------------------------------  -------------- 
 N+1 Singer (Broker) 
--------------------------------------  -------------- 
 James Maxwell / Liz Yong                0207 496 3000 
--------------------------------------  -------------- 
 Tavistock (Media) 
--------------------------------------  -------------- 
 Jeremy Carey / James Whitmore           0207 920 3150 
--------------------------------------  -------------- 
 Appleby Securities (Channel Islands) 
  Limited (Sponsor) 
--------------------------------------  -------------- 
 Kate Storey / Danielle Machon           01481 755 600 
--------------------------------------  --------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 23, 2018 12:00 ET (17:00 GMT)

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