TIDMPSDL
RNS Number : 2770E
Phoenix Spree Deutschland Limited
28 June 2023
28 June 2023
Phoenix Spree Deutschland Limited
(the "Company" or "PSDL")
AGM Results and Berlin Rent Index.
AGM Result
Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed
investment company specialising in Berlin residential real estate,
today announces that all resolutions put to the annual general
meeting ("AGM") held today, Wednesday 28 June 2023, at the
registered office of the Company were duly approved by a large
majority. Details of the proxy votes received in respect of each
resolution are attached to the foot of this announcement.
New Berlin Rent Index.
The Company welcomes the release by The Senate Department for
Urban Development, Building and Housing of a new transitional
Berlin Rent Index ("the Index.")
Announced on 15 June 2023, the Index replaces the previous rent
index 2021 and applies until a new qualified rent index is
published in the first half of 2024. On average, the Index
represents an increase in rental values of 5.4% versus 2021.
Where applicable, the Company will be notifying qualifying
tenants of any adjustments to future monthly rental payments.
Although the Index is not the primary driver of PSD's rent growth,
it is anticipated that it will be accretive to rental income in the
second half of the financial year.
Interim Portfolio valuation and business update.
As in previous years, the Company expects to announce its
interim portfolio valuation and business update in early
August.
AGM resolutions and results.
Total votes of 50,684,239 were received. Details of the votes
received in respect of each resolution are noted as follows:
Summary Resolutions * For / Discretionary(1) % Against % Withheld
1. Ordinary Resolution:
THAT the audited annual
report and financial statements
of the Company for the year
ended 31 December 2022,
together with the report
of the directors and report
of the auditors be received
and adopted. 50,684,239 100 0 0 0
----------------------- ------ ---------- ----- ---------
2. Ordinary Resolution:
THAT the Directors' remuneration
report for the year ended
31 December 2022 be approved. 50,654,138 99.95 26,426 0.05 3,675
----------------------- ------ ---------- ----- ---------
3. Ordinary Resolution:
THAT the Directors' remuneration
policy for the year ended
31 December 2022 be approved. 50,080,135 98.82 597,467 1.18 6,637
----------------------- ------ ---------- ----- ---------
4. Ordinary Resolution:
THAT Robert Hingley be re-elected
as a director of the Company. 46,238,670 91.23 4,445,569 8.77 0
----------------------- ------ ---------- ----- ---------
5. Ordinary Resolution:
THAT Jonathan Thompson be
re-elected as a director
of the Company. 47,412,813 93.55 3,271,426 6.45 0
----------------------- ------ ---------- ----- ---------
6. Ordinary Resolution:
THAT Antonia Burgess be
re-elected as a director
of the Company. 46,876,381 92.49 3,807,858 7.51 0
----------------------- ------ ---------- ----- ---------
7. Ordinary Resolution:
THAT Isabel Robins be re-elected
as a director of the Company. 46,876,381 92.49 3,807,858 7.51 0
----------------------- ------ ---------- ----- ---------
8. Ordinary Resolution:
THAT Steven Wilderspin be
elected as a director of
the Company. 47,412,803 93.55 3,271,436 6.45 0
----------------------- ------ ---------- ----- ---------
9. Ordinary Resolution:
THAT RSM UK Audit LLP be
re-appointed as auditors
to the Company. 50,680,564 99.99 3,675 0.01 0
----------------------- ------ ---------- ----- ---------
10. Ordinary Resolution:
THAT the Audit Committee
be authorised to determine
the remuneration of RSM
UK Audit LLP. 50,684,239 100 0 0 0
----------------------- ------ ---------- ----- ---------
11. Ordinary Resolution:
THAT the Company be authorised
to enter into the Proposal
set out in the circular
published by the Company
on 5 June 2023. 50,506,933 99.95 26,416 0.05 150,890
----------------------- ------ ---------- ----- ---------
12. Special Resolution:
THAT the Company be generally
and unconditionally authorised
to make market purchases
of and to cancel or hold
in treasury up to 13,764,921
Ordinary Shares. 50,224,924 99.09 459,315 0.91 0
----------------------- ------ ---------- ----- ---------
13. Special Resolution
: THAT the Directors be
authorised to allot and
issue up to 10,075,141 Ordinary
Shares, as if pre-emption
rights in the articles did
not apply. 50,624,403 99.88 59,836 0.12 0
----------------------- ------ ---------- ----- ---------
(1) Any proxy appointments which gave discretion to the Chair of
the AGM, or a third party were voted for the resolution.
*The full text of the resolutions may be found in the notice of
the AGM, a copy of which is available on both the Company's website
www.phoenixspree.com and on the National Storage Mechanism
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
In accordance with Listing Rule 9.6.2, the full text of the
special resolutions passed at the AGM has been submitted to the
National Storage Mechanism and will shortly be available for
inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Legal Entity Identifier: 213800OR6IIJPG98AG39
For Further Information, Please Contact:
Phoenix Spree Deutschland Limited +44 (0) 20 3937 8760
Stuart Young
Numis Securities Limited (Corporate Broker) +44 (0) 20 7260
1000
David Benda
Teneo (Financial PR) +44 (0) 20 7353 4200
Olivia Peters
Jo Blackshaw
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END
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(END) Dow Jones Newswires
June 28, 2023 10:39 ET (14:39 GMT)
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