12 November 2024
Alternative Income REIT
plc
(the
"Company" or "Group")
RESULT OF ANNUAL GENERAL
MEETING
The Board of Alternative Income REIT
PLC is pleased to announce that at the Company's Annual General
Meeting held today, all resolutions were passed on a show of
hands.
Resolutions 1 to 10 (inclusive) were
proposed as ordinary resolutions and resolutions 11 to 14
(inclusive) were proposed as special resolutions. The proxy votes
received prior to the meeting were as follows:
|
Resolution
|
Votes For*
|
%
|
Votes
Against
|
%
|
Total votes validly
cast
|
Total votes cast as % of
issued share capital
|
Votes
Withheld**
|
|
1
|
To receive and adopt the audited
financial statements of the Company for the financial year ended 30
June 2024
|
28,662,078
|
99.97
|
7,225
|
0.03
|
28,669,303
|
35.61
|
37,794
|
|
2
|
To approve the Directors'
Remuneration Report
|
28,253,883
|
98.73
|
364,766
|
1.27
|
28,618,649
|
35.55
|
88,448
|
|
3
|
To re-elect Simon Bennett as a
director
|
28,573,746
|
99.73
|
77,557
|
0.27
|
28,651,303
|
35.59
|
55,794
|
|
4
|
To re-elect Stephanie Eastment as a
director
|
28,606,746
|
99.84
|
44,557
|
0.16
|
28,651,303
|
35.59
|
55,794
|
|
5
|
To re-elect Adam Smith as a
director
|
27,825,746
|
97.12
|
825,557
|
2.88
|
28,651,303
|
35.59
|
55,794
|
|
6
|
To re-appoint Moore Kingston Smith
LLP as independent auditor of the Company
|
28,608,964
|
99.84
|
46,177
|
0.16
|
28,655,141
|
35.60
|
51,956
|
|
7
|
To authorise the Audit Committee to
determine the auditor's remuneration
|
28,659,653
|
99.97
|
9,650
|
0.03
|
28,669,303
|
35.61
|
37,794
|
|
8
|
To approve the Company's dividend
policy
|
28,657,453
|
99.95
|
13,259
|
0.05
|
28,670,712
|
35.62
|
36,385
|
|
9
|
To authorise the directors to allot
shares
|
28,543,663
|
99.60
|
113,224
|
0.40
|
28,656,887
|
35.60
|
50,210
|
|
10
|
To approve the new investment policy
of the Company
|
28,347,773
|
98.99
|
290,114
|
1.01
|
28,637,887
|
35.58
|
69,210
|
|
11
|
To authorise the disapplication of
pre-emption rights up to 10%
|
28,288,256
|
98.75
|
359,186
|
1.25
|
28,647,442
|
35.59
|
59,655
|
|
12
|
To authorise the disapplication of
pre-emption rights up to a further 10% in connection with an
acquisition or specified capital investments
|
28,378,726
|
99.09
|
261,716
|
0.91
|
28,640,442
|
35.58
|
66,655
|
|
13
|
To authorise the Company to purchase
its own shares
|
28,351,600
|
98.92
|
308,112
|
1.08
|
28,659,712
|
35.60
|
47,385
|
|
14
|
To authorise the calling of general
meetings, other than an annual general meeting, on not less than 14
clear days' notice
|
28,047,801
|
97.87
|
610,502
|
2.13
|
28,658,303
|
35.60
|
48,794
|
* Any
discretionary votes have been included in the "For"
totals.
**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 12 November 2024, the share
capital of the Company consisted of 80,500,000 Ordinary Shares of
£0.01 each with voting rights. 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 8
October 2024, a copy of which is available on the Company's website
at https://www.alternativeincomereit.com/investors/reporting-centre/
In accordance with Listing Rule
6.4.2 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: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
ENQUIRIES
|
Alternative Income REIT
PLC
|
|
|
Simon
Bennett - Chair
|
via H/Advisors Maitland
below
|
|
|
|
|
Martley Capital Real Estate
Investment Management Ltd
Richard Croft
Jane Blore
|
020 4551 1240
|
|
|
|
|
Panmure Liberum Limited
|
020 3100 2000
|
|
Alex Collins
|
|
|
Tom Scrivens
|
|
|
|
|
|
H/Advisors Maitland (Communications
Advisor)
|
07747 113 930 / 020 7379
5151
|
|
James Benjamin
Rachel Cohen
Billy
Moran
|
aire-maitland@h-advisors.global
|
The Company's LEI is
213800MPBIJS12Q88F71.
Further information on Alternative
Income REIT PLC is available at www.alternativeincomereit.com1.
1 Neither the content of the
Company's website, nor the content on any website accessible from
hyperlinks on its website or any other website, is incorporated
into, or forms part of, this announcement nor, unless previously
published on a Regulatory Information Service, should any such
content be relied upon in reaching a decision as to whether or not
to acquire, continue to hold, or dispose of, securities in the
Company.
NOTES
Alternative Income REIT
PLC aims to
generate a sustainable, secure and attractive income return for
shareholders from a diversified portfolio of UK property
investments, predominately in alternative and specialist sectors.
The majority of the assets in the Group's portfolio are let on long
leases which contain index linked rent review
provisions.
The Company's asset manager is
Martley Capital Real Estate Investment Management Limited ("Martley
Capital"). Martley Capital is a full-service real estate investment
management platform whose activities cover real estate investing,
lending, asset management and fund management. It has over 40
employees across five offices in the UK and Europe. The team
manages assets with a value of circa £900m across 19 mandates (at
30 September 2024).