Home REIT PLC Result of General Meeting (9639J)

TIDMHOME

RNS Number : 9639J

Home REIT PLC

21 August 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

21 August 2023

Home REIT plc

("Home REIT" or the "Company")

Result of General Meeting

Home REIT plc (the "Company") announces that, at the General Meeting (the "GM") of the Company held today, resolution 1 as set out in the Notice of General Meeting was duly passed on a poll.

Following approval by Shareholders of the new investment policy, and further to the Company's announcement of 23 May 2023, the Board is pleased to announce that AEW UK Investment Management LLP has been appointed as the Company's AIFM and Investment Manager with immediate effect. Alvarium Fund Managers (UK) Limited has today ceased to act as AIFM.

The poll result was:

 
         Resolution          Votes For (including       %    Votes Against   %    Votes Withheld   % of Issued Share 
                                discretionary)                                                       Capital Voted 
    That the proposed 
     investment policy is 
     adopted as the 
     investment policy of 
     the Company to 
     the exclusion of the 
     existing investment 
     policy of the 
1    Company                             558,771,343  99.98         86,264  0.02          13,519                 70.69

Shareholders are entitled to one vote per share. Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution. Where shareholders appointed the Chair as their proxy with discretion as to voting, their votes were cast in favour of resolution 1 and their shares have been included in the "votes for" column.

The total number of ordinary shares of GBP 0.01p each in issue is 790,570,465. The total number of voting rights is: 790,570,465.

Lynne Fennah, Chair of Home REIT plc, said: "Shareholders have overwhelmingly supported our proposal and we can now focus on our continuing work with AEW to maximise value. AEW's appointment as the Company's Investment Manager and AIFM is an important step. Following the Company's announcement of AEW's appointment as Property Adviser on 23 May 2023, AEW has begun several critical workstreams to stabilise the Company's property portfolio and maintain its mission of providing accommodation to vulnerable people."

Nick Winsley, Head of AEW UK, said: "Today's result will allow us to continue to execute our stabilisation strategy for the Company's portfolio. Protecting the interests of all of Home REIT's stakeholders remains at the forefront of our agenda."

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Notice of General Meeting.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 For Home REIT: 
 
 Smith Square Partners (Financial 
  Adviser) 
  John Craven 
  Toby Rolls                         +44 (0)20 3696 7260 
 
 
 FTI Consulting (Communications             HomeREIT@fticonsulting.com 
  Adviser)                                         +44 (0)20 3727 1000 
  Dido Laurimore 
  Eve Kirmatzis 
  Ellie Perham-Marchant 
  Oliver Harrison 
 
 F or AEW: 
 
 AEW 
 Stefano Bassi, AEW                           stefano.bassi@eu.aew.com 
 
 FTI Consulting 
 Richard Sunderland               richard.sunderland@fticonsulting.com

The Company's LEI is: 213800A53AOVH3FCGG44.

For more information, please visit the Company's website: www.homereituk.com

Disclaimer

Smith Square Partners LLP ("Smith Square"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for Home REIT and no one else in connection with the matters set out in this Announcement. In connection with such matters, Smith Square will not regard any other person as its client and will not be responsible to any persons other than Home REIT for providing the protections afforded to clients of Smith Square, or for providing advice in relation to the contents of this announcement or any other matter referred to herein. Smith Square does not owe or accept any duty, liability or responsibility whatsoever (whether direct, indirect, consequential, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Smith Square in connection with this announcement, in any statement contained herein or otherwise.

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END

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August 21, 2023 09:17 ET (13:17 GMT)

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