Regional REIT Limited Result of AGM (5992Z)

TIDMRGL

RNS Number : 5992Z

Regional REIT Limited

27 May 2016

Regional REIT Limited

Results of Annual General Meeting

27 May 2016

The Annual General Meeting of Regional REIT Limited was held today, Friday, 27 May 2016 at the offices of Macfarlanes LLP, 20 Cursitor Street, London, EC4A 1LT. With the exception of resolution 11, all resolutions set out in the Notice of Meeting were approved by the shareholders on a show of hands. Resolution 11 was voted on by way of a poll and was not passed.

The Directors note that a substantial number of votes were received against resolutions 10 and 11 and the Company will be seeking to engage with shareholders to better understand their views.

The total number of proxy votes received in respect of resolutions 1-10 prior to the Annual General Meeting are set out below.

 
 Ordinary Resolutions          For         %      Against       %     Withheld      Total 
                                                                                    lodged 
------------------------  ------------  ------  -----------  ------  ---------  ------------ 
 1. To receive 
  the Company's 
  financial statements, 
  Directors' report 
  and auditor's 
  report for the 
  period ended 31 
  December 2015.           143,077,987   100.0       0          0        0       143,077,987 
------------------------  ------------  ------  -----------  ------  ---------  ------------ 
 2. To appoint 
  RSM UK Audit LLP 
  as Auditor.              143,077,987   100.0       0          0        0       143,077,987 
------------------------  ------------  ------  -----------  ------  ---------  ------------ 
 3. To authorise 
  the Directors 
  to determine the 
  remuneration of 
  the Auditor.             143,077,987   100.0       0          0        0       143,077,987 
------------------------  ------------  ------  -----------  ------  ---------  ------------ 
 4. To appoint 
  Mr. William Eason, 
  being eligible 
  and offering himself 
  for election, 
  as a Director 
  of the Company.          143,077,987   100.0       0          0        0       143,077,987 
------------------------  ------------  ------  -----------  ------  ---------  ------------ 
 5. To appoint 
  Mr. Stephen Inglis, 
  being eligible 
  and offering himself 
  for election, 
  as a Director 
  of the Company.          141,757,546   99.08   1,320,441    0.92       0       143,077,987 
------------------------  ------------  ------  -----------  ------  ---------  ------------ 
 6. To appoint 
  Mr. Kevin McGrath, 
  being eligible 
  and offering himself 
  for election, 
  as a Director 
  of the Company.          143,077,987   100.0       0          0        0       143,077,987 
------------------------  ------------  ------  -----------  ------  ---------  ------------ 
 7. To appoint 
  Mr. Martin McKay, 
  being eligible 
  and offering himself 
  for election, 
  as a Director 
  of the Company.          141,757,546   99.08   1,320,441    0.92       0       143,077,987 
------------------------  ------------  ------  -----------  ------  ---------  ------------ 
 8. To appoint 
  Mr. Daniel Taylor, 
  being eligible 
  and offering himself 
  for election, 
  as a Director 
  of the Company.          143,077,987   100.0       0          0        0       143,077,987 
------------------------  ------------  ------  -----------  ------  ---------  ------------ 
 9. To give the 
  Company authority 
  to make market 
  acquisitions of 
  own Ordinary Shares.     143,077,987   100.0       0          0        0       143,077,987 
------------------------  ------------  ------  -----------  ------  ---------  ------------ 
 10. To give the 
  Directors authority 
  to issue shares 
  below the latest 
  published NAV            103,239,949   72.16   39,838,038   27.84      0       143,077,987 
------------------------  ------------  ------  -----------  ------  ---------  ------------

Resolution 11 was held on a poll and was not passed. The result of the poll is set out below:

 
 
 Extraordinary                 For        %      Against      %     Withheld      Total 
  Resolution                                                                      lodged 
------------------------  ------------  -----  -----------  -----  ---------  ------------ 
 11. Resolution 
  to give the Directors 
  authority to issue 
  and allot shares 
  as if the pre-emption 
  rights in the 
  Articles did not 
  apply                    107,337,433   26.0   37,667,585   74.0      0       143,077,987 
------------------------  ------------  -----  -----------  -----  ---------  ------------

Notes:

1. Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.

2. A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.regionalreit.com and on the National Storage Mechanism.

A copy of the resolutions passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.

-ends-

For further information please contact:

Capita Company Secretarial Services Limited

Company Secretary

0207 954 9526

This information is provided by RNS

The company news service from the London Stock Exchange

END

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