TIDMRGL
RNS Number : 2709G
Regional REIT Limited
25 May 2017
25 May 2017
REGIONAL REIT LIMITED (the "Company")
Result of Annual General Meeting
The Company is pleased to announce that, at the Annual General
Meeting held today, all resolutions were passed on a show of
hands.
Resolutions 1 to 9 were passed as ordinary resolutions.
Resolutions 10 and 11 were passed as extraordinary resolutions, as
set out below:
Resolution 10 (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 11 (extraordinary resolution): That the Directors be
authorised in addition to any authority granted under resolution 10
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 acquisitions or capital investments.
The proxy votes received in relation to these resolutions were
as follows:
Resolutions
For % Against % Withheld
Resolution
1 154,025,451 99.99 3,600 0.01 429
Resolution
2 153,971,934 99.96 57,117 0.04 429
Resolution
3 153,971,934 99.96 57,117 0.04 429
Resolution
4 154,023,951 99.99 3,600 0.01 1,929
Resolution
5 154,023,951 99.99 3,600 0.01 1,929
Resolution
6 154,023,951 99.99 3,600 0.01 1,929
Resolution
7 154,023,951 99.99 3,600 0.01 1,929
Resolution
8 154,023,951 99.99 3,600 0.01 1,929
Resolution
9 153,907,104 99.99 1,980 0.01 52,446
Resolution
10 151,101,977 98.10 2,927,074 1.90 429
Resolution
11 151,101,977 98.10 2,927,074 1.90 429
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:
Capita Company Secretarial Services Limited
Company Secretary
Tel: +44 (0) 1392 477500
Enquiries:
Regional REIT Limited
Press enquiries through Headland PR
Toscafund Asset Management LLP Tel: +44 (0) 20 7845 6100
Investment Manager to the Group
James S Johnson, Investor Relations, Regional REIT Limited
London & Scottish Investments Limited Tel: +44 (0) 141 248 4155
Asset Manager to the Group
Stephen Inglis
Headland PR Consultancy LLP Tel: +44 (0) 20 7367 5222
Financial PR
Francesca Tuckett
About Regional REIT
Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main
Market traded specialist real estate investment trust focused on
office and industrial property interests in the principal regional
locations of the United Kingdom outside of the M25 motorway.
Regional REIT is managed by London & Scottish Investments,
the Asset Manager, and Toscafund Asset Management, the Investment
Manager, and was formed by the combination of two existing funds
previously created by the Managers as a differentiated play on the
expected recovery in UK regional property, to deliver an attractive
total return to Shareholders and with a strong focus on income.
The Group's investment portfolio, as at 31 December 2016, was
spread across 123 regional properties, 941 units and 717 tenants.
As at 31 December 2016, the investment portfolio had a value of
GBP502.4m and a net initial yield of 6.7%. The weighted average
unexpired lease term to first break was 3.6 years.
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 company news service from the London Stock Exchange
END
RAGAAMJTMBITBBR
(END) Dow Jones Newswires
May 25, 2017 09:43 ET (13:43 GMT)
Regional Reit (LSE:RGL)
Historical Stock Chart
From Apr 2024 to May 2024
Regional Reit (LSE:RGL)
Historical Stock Chart
From May 2023 to May 2024