5 December 2024
HOME REIT plc
(the "Company")
RESULT OF GENERAL
MEETING
The Company announces the results of
the resolutions proposed at today's General Meeting.
Each of the resolutions proposed
were voted on by way of a poll. Resolution 1, which was a
non-binding advisory vote, was not approved by shareholders.
Resolution 2, which was also a non-binding advisory vote, was
approved by shareholders.
The results of the poll were as
follows:
|
Resolution
|
In
favour
|
Against
|
Votes
withheld
|
% of
Issued Share Capital voted
|
|
Number of
votes
|
Percentage
|
Number of
votes
|
Percentage
|
|
|
1.To receive the Company's Annual
Report and Accounts for the year ended 31 August 2022, together
with the reports of the Directors and Auditor
thereon
|
196,861,578
|
45.25%
|
238,233,187
|
54.75%
|
102,787,803
|
55.04%
|
|
2. To approve the Directors'
Remuneration Report included in the Annual Report for the year
ended 31 August 2022
|
472,949,024
|
87.94%
|
64,833,524
|
12.06%
|
100,200
|
68.02%
|
Votes withheld are not a vote in law and have
not been counted in the calculation of the votes for and against
the resolution, the total votes validly cast or the calculation of
the proportion of issued share capital voted.
On the record date for voting at the
meeting, the Company's issued share capital consisted of
790,570,465 ordinary shares of £0.01 nominal value each, carrying
one vote each. The Company holds no shares in treasury. Therefore,
the total number of voting rights in the Company was
790,570,465.
The Board of the Company recognises
that a majority of the shareholders voted against the resolution to
receive the Company's annual report and accounts for the year ended
31 August 2022 and also notes that a shareholder advisory
consultancy (ISS) recommended that shareholders vote against the
resolution, due to the delay in publishing, and qualified nature
of, the accounts. The Board understands and shares shareholders'
frustrations regarding the delays experienced in publishing the
Company's outstanding annual and interim accounts. In accordance
with the AIC Corporate Governance Code, the Company intends to
consult further with relevant shareholders to understand the
reasons behind the result, beyond discussions that have already
taken place prior to the General Meeting and intends to provide an
update within six months of the date of the General
Meeting.
FOR FURTHER
INFORMATION, PLEASE CONTACT:
FTI Consulting
(Communications
Adviser)
HomeREIT@fticonsulting.com
Dido
Laurimore
+44 (0)20 3727 1000
Bryn Woodward
Oliver Harrison
The Company's LEI is: 213800A53AOVH3FCGG44.
For more information, please visit the Company's
website: www.homereituk.com
END