TIDMSOHO
RNS Number : 7350N
Triple Point Social Housing REIT
11 May 2018
11 May 2018
Triple Point Social Housing REIT plc
(the "Company" or, together with its subsidiaries, the
"Group")
RESULT OF ANNUAL GENERAL MEETING
The Board of Triple Point Social Housing REIT plc (ticker: SOHO)
is pleased to announce that at the Company's Annual General Meeting
held yesterday, all resolutions were passed on a show of hands.
Resolutions 1 to 11 (inclusive) were proposed as ordinary
resolutions and resolutions 12 to 15 (inclusive) were proposed as
special resolutions. The proxy votes received prior to the meeting
were as follows:
Resolution Votes For % Discretionary % Votes % Total Total Votes
Votes Against votes votes Withheld*
validly cast as
cast % of
issued
share
capital
To receive
and adopt
the
Annual
Report and
accounts
of the
Company for
the
year ended
31 December
1 2017 82,818,432 94.31 5,000,000 5.69 0 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To approve
the
Directors'
Remuneration
2 Policy 82,409,672 93.84 5,000,000 5.69 408,760 0.47 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To approve
the
Directors'
Remuneration
3 Report 58,240,574 91.50 5,000,000 7.86 408,760 0.64 63,649,334 31.82 24,169,098
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To elect
Christopher
Phillips
as a
Director of
4 the Company 82,818,432 94.31 5,000,000 5.69 0 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To elect Ian
Reeves CBE
as a
Director of
5 the Company 82,818,432 94.31 5,000,000 5.69 0 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To elect
Peter Coward
as a
Director of
6 the Company 82,818,432 94.31 5,000,000 5.69 0 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To elect
Paul Oliver
as
a Director
of the
7 Company 82,818,432 94.31 5,000,000 5.69 0 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To appoint
BDO LLP as
Auditors of
8 the Company 62,736,939 92.62 5,000,000 7.38 0 0.00 67,736,939 33.87 20,081,493
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To authorise
the Audit
Committee to
determine
the
Auditors'
9 remuneration 82,818,432 94.31 5,000,000 5.69 0 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To authorise
the
Directors
to allot
10 shares 82,818,432 94.31 5,000,000 5.69 0 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To authorise
the
Directors
to declare
and pay all
dividends of
the Company
as interim
11 dividends 82,818,432 94.31 5,000,000 5.69 0 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To dis-apply
statutory
pre-emption
rights up
12 to 5% 82,817,432 94.31 5,000,000 5.69 1,000 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To dis-apply
pre-emption
rights up to
a further
5% in
connection
with
an
acquisition
or specified
capital
13 investment 82,817,432 94.31 5,000,000 5.69 1,000 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To authorise
the Company
to purchase
its own
14 shares 82,818,432 94.31 5,000,000 5.69 0 0.00 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
To authorise
the calling
of general
meeting,
other
than an
annual
general
meeting, on
not less
than
14 clear
15 days' notice 82,591,832 94.05 5,000,000 5.69 226,600 0.26 87,818,432 43.91 0
------------- ----------- ------ -------------- ----- --------- ----- ----------- ---------- -----------
* A vote withheld is not a vote in law and is not counted in the
calculation of the votes for or against a resolution.
Every shareholder has one vote for every Ordinary Share held. As
at 10 May 2018, the share capital of the Company consisted of
200,000,000 Ordinary Shares with voting rights and 47,500,000
convertible, non-voting preference C Shares. The Company does not
hold any shares in Treasury.
The full text of all the resolutions can be found in the Notice
of Annual General Meeting dated 1 March 2018, a copy of which is
available on the Company's website at
https://www.triplepointreit.com/investors/72/
In accordance with Listing Rule 96.2 copies of all the
resolutions passed, other than ordinary business, will be submitted
to the National Storage Mechanism and will shortly be available for
inspection at: http://www.morningstar.co.uk/uk/nsm
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management (via Newgate below)
LLP
(Delegated Investment Manager)
James Cranmer
Ben Beaton
Max Shenkman
Akur Limited (Joint Financial Adviser) Tel: 020 7493 3631
Tom Frost
Anthony Richardson
Siobhan Sergeant
Canaccord Genuity Limited (Joint Tel: 020 7523 8000
Financial Adviser and Sole Global
Coordinator and Bookrunner)
Lucy Lewis
Denis Flanagan
Andrew Zychowski
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Em: triplepoint@newgatecomms.com
Anna Geffert
Patrick Hanrahan
Leena Patel
Langham Hall UK Services LLP (Company Em: triplepoint-cosec@langhamhall.com
Secretary)
The Company's LEI is 213800BERVBS2HFTBC58.
Further information on the Company can be found on its website
at www.triplepointreit.com.
NOTES:
The Company invests in social housing assets in the UK, with a
particular focus on supported housing. The assets within the
portfolio are subject to inflation-adjusted, long-term (typically
from 20 years to 30 years), Fully Repairing and Insuring ("FRI")
leases with Approved Providers (being Housing Associations, Local
Authorities or other regulated organisations in receipt of direct
payment from local government). The portfolio comprises investments
into properties which are already subject to an FRI lease with an
Approved Provider, as well as forward funding of pre-let
developments but does not include any direct development or
speculative development.
There is increasing political and financial pressure on Housing
Associations to increase their housing delivery and this is
creating opportunities for private sector investors to participate
in the market. The Group's ability to provide forward financing for
new developments not only enables the Company to secure fit for
purpose, modern assets for its portfolio but also addresses the
chronic undersupply of suitable supported housing properties in the
UK at sustainable rents and delivering returns to investors.
Triple Point Investment Management LLP (part of the Triple Point
Group) is responsible for management of the Group's portfolio (with
such functions having been delegated to it by Langham Hall Fund
Management LLP, the Company's alternative investment fund
manager).
The Company was admitted to trading on the Main Market of the
London Stock Exchange on 8 August 2017 and operates as a UK Real
Estate Investment Trust.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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