GCP Student Living Result of AGM
October 25 2017 - 7:26AM
UK Regulatory
TIDMDIGS
GCP STUDENT LIVING PLC
("GCP Student" or the "Company", together with its subsidiaries the "Group")
LEI: 2138004J4ID66FK38H25
Result of Annual General Meeting
GCP Student Living, the UK's first REIT focused on student residential 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 related to Ordinary Business. Resolutions 11 to 16 related
to Special Business, as set out below:
Resolution 11 (ordinary resolution): To authorise the Directors to allot shares
pursuant to section 551 of the Companies Act 2006.
Resolution 12 (special resolution): To authorise the Directors to allot shares
for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise
than in accordance with statutory pre-emption rights.
Resolution 13 (special resolution): To authorise the Directors to make market
purchases of the Company's own shares.
Resolution 14 (special resolution): To authorise the Directors to convene a
general meeting on not less than 14 clear days' notice.
Resolution 15 (special resolution): To increase the maximum aggregate limit for
Directors' annual remuneration contained in the Company's articles of
association.
Resolution 16 (ordinary resolution): To authorise the Company to use electronic
communications with its shareholders.
The proxy votes received in relation to these resolutions were as follows:
Resolutions Votes For Votes Against Votes at Votes
Chairman's Withheld
Discretion
Resolution 1 163,081,961 0 971 0
Resolution 2 158,336,747 509,171 971 4,236,043
Resolution 3 162,605,559 472,433 971 3,969
Resolution 4 162,988,992 89,000 971 3,969
Resolution 5 162,988,040 89,000 971 4,921
Resolution 6 162,988,040 89,000 971 4,921
Resolution 7 162,988,992 89,000 971 3,969
Resolution 8 158,378,454 4,612,065 971 91,442
Resolution 9 163,081,961 0 971 0
Resolution 10 163,081,961 0 971 0
Resolution 11 162,610,528 471,433 971 0
Resolution 12 162,609,828 472,133 971 0
Resolution 13 162,561,496 520,465 971 0
Resolution 14 162,037,039 1,042,422 971 2,500
Resolution 15 162,602,726 474,085 971 5,150
Resolution 16 163,081,961 0 971 0
A copy of the resolutions passed as Special Business will be submitted to the
National Storage Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM .
For further information please contact:
Gravis Capital Management Limited +44 020 3405 8500
Tom Ward tom.ward@graviscapital.com
Nick Barker nick.barker@graviscapital.com
Dion Di Miceli dion.dimiceli@graviscapital.com
Stifel Nicolaus Europe Limited +44 020 7710 7600
Neil Winward neil.winward@stifel.com
Mark Young mark.young@stifel.com
Tom Yeadon tom.yeadon@stifel.com
Buchanan +44 020
7466 5000
Charles Ryland charlesr@buchanan.uk.com
Vicky Watkins victoriaw@buchanan.uk.com
About GCP Student
The Company was the first student accommodation REIT in the UK, investing in
modern, purpose-built, private student residential accommodation and teaching
facilities. Its investments are located primarily in and around London where
the Investment Manager believes the Company is likely to benefit from supply
and demand imbalances for student residential accommodation.
GCP Student's property portfolio comprises nine assets with c.3,450 beds which
are either currently fully operational or expected to complete construction /
refurbishment over the next two academic years. At 30 September 2017, its
property portfolio was valued at GBP672.1 million.
The Company's standing properties are mainly occupied by international students
and offer high specification facilities and hotel-level concierge type services
which the Investment Manager believes are attractive to overseas students.
END
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