TIDMRGL
RNS Number : 0292A
Regional REIT Limited
23 May 2019
23 May 2019
REGIONAL REIT LIMITED
Result of Annual General Meeting
Regional REIT (LSE: RGL), the regional real estate investment
specialist focused on building a diverse portfolio of income
producing regional UK core and core plus office and industrial
property assets, is pleased to announce that, at the Annual General
Meeting held today, all resolutions were passed on a show of
hands.
Resolutions 1 to 10 were passed as ordinary resolutions.
Resolutions 11 and 12 were passed as extraordinary resolutions, as
set out below:
Resolution 11 (extraordinary resolution): That the Directors be
generally authorised to issue, allot and/or sell equity securities
for cash, as if pre-emption rights attached to such shares did not
apply to such allotment, issue and/or sale of such shares.
Resolution 12 (extraordinary resolution): That the Directors be
authorised in addition to any authority granted under resolution 11
to allot, issue and/or sell equity securities for cash as if the
pre-emption rights attached to such shares did not apply to any
such allotment, issue and/or sale of such shares for the purposes
of financing (or refinancing) acquisitions or capital
investments.
The proxy votes received in relation to these resolutions were
as follows:
Resolutions
For % Against % Withheld
Resolution
1 172,056,541 99.99 7,600 0.01 180,047
Resolution
2 172,223,203 99.99 10,985 0.01 10,000
Resolution
3 172,215,595 99.99 18,593 0.01 10,000
Resolution
4 172,050,049 99.89 184,139 0.11 10,000
Resolution
5 170,721,322 99.12 1,512,866 0.88 10,000
Resolution
6 172,050,049 99.89 184,139 0.11 10,000
Resolution
7 172,050,049 99.89 184,139 0.11 10,000
Resolution
8 170,694,822 99.11 1,539,366 0.89 10,000
Resolution
9 172,023,549 99.88 210,639 0.12 10,000
Resolution
10 172,163,848 99.99 11,200 0.01 69,140
Resolution
11 170,246,509 98.85 1,985,797 1.15 11,882
Resolution
12 170,279,241 98.87 1,943,127 1.13 21,820
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.
For further information please contact:
Link Company Matters Limited
Company Secretary
Tel: +44 (0) 1392 477500
Enquiries:
Regional REIT Limited
Press enquiries through Buchanan
Toscafund Asset Management LLP Tel: +44 (0) 20 7845 6100
Investment Manager to the Group
Adam Dickinson, Investor Relations, Regional REIT Limited
London & Scottish Property Investment Management Limited Tel: +44 (0) 141 248 4155
Asset Manager to the Group
Stephen Inglis
Buchanan Communications Tel: +44 (0) 20 7466 5000
Financial PR
Charles Ryland / Victoria Hayns / Henry Wilson
Regional REIT Limited ("Regional REIT" or the "Company") and its
subsidiaries (the "Group") is a United Kingdom ("UK") based real
estate investment trust that launched in November 2015. It is
managed by London & Scottish Investments Limited ("LSI"), the
Asset Manager, and Toscafund Asset Management LLP ("Tosca"), the
Investment Manager.
Regional REIT's commercial property portfolio is comprised
wholly of income producing UK assets and comprises, predominantly,
offices and industrial units located in the regional centres
outside of the M25 motorway. The portfolio is highly diversified,
with 150 properties, 1,192 units and 874 tenants as at 31 December
2018, with a valuation of GBP718.4m.
Regional REIT pursues its investment objective by investing in,
actively managing and disposing of regional core and core plus
property assets. It aims to deliver an attractive total return to
its Shareholders, targeting greater than 10% per annum, with a
strong focus on income supported by additional capital growth
prospects.
The Company's shares were admitted to the Official List of the
UK's Financial Conduct Authority and to trading on the London Stock
Exchange on 6 November 2015. For more information, please visit the
Group's website at www.regionalreit.com.
ESMA Legal Entity Identifier ("LEI"): (549300D8G4NKlRIKBX73)
Cautionary Statement
This document has been prepared solely to provide additional
information to Shareholders to assess the Group's performance in
relation to its operations and growth potential. The document
should not be relied upon by any other party or for any other
reason. Any forward looking statements made in this document are
done so by the Directors in good faith based on the information
available to them up to the time of their approval of this
document. However, such statements should be treated with caution
due to the inherent uncertainties, including both economic and
business risk factors, underlying any such forward-looking
information.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
RAGAJMTTMBATBIL
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