Secure Income REIT PLC Result of AGM (4362H)
June 07 2017 - 7:41AM
UK Regulatory
TIDMSIR
RNS Number : 4362H
Secure Income REIT PLC
07 June 2017
7 June 2017
Secure Income REIT Plc
Result of AGM
The Board of Secure Income REIT Plc (the "Company"), the
specialist long term income REIT, confirms that, at the Annual
General Meeting of the company held on 7 June 2017, all resolutions
proposed were duly passed.
The results of voting for each resolution were:
For % For Against % Against
------------------------ ------------ ------ ----------- ----------
1 Approval of accounts 156,402,353 98.89 1,749,249 1.11
------------------------ ------------ ------ ----------- ----------
2 Reappointment of
Nick Leslau 156,401,153 98.89 1,450,449 1.11
------------------------ ------------ ------ ----------- ----------
3 Reappointment of
Leslie Ferrar 158,144,672 99.99 6,930 0.01
------------------------ ------------ ------ ----------- ----------
4 Reappointment of
BDO LLP 156,361,247 98.87 1,790,355 1.13
------------------------ ------------ ------ ----------- ----------
5 Directors' authority
to fix auditors'
fees 158,104,766 99.97 46,836 0.03
------------------------ ------------ ------ ----------- ----------
6 Authorisation to
make market purchases 158,145,872 99.99 5,730 0.01
------------------------ ------------ ------ ----------- ----------
7 Authorisation to
make non pre-emptive
share issues 148,002,389 93.58 10,149,213 6.42
------------------------ ------------ ------ ----------- ----------
There were no votes withheld in respect of any resolution. Total
votes cast for each resolution amounted to 68.6% of shares in
issue.
For further information on the Company, please contact:
Secure Income REIT Plc +44 20 7647 7647
Sandy Gumm
Stifel Nicolaus Europe
Limited (Nominated Adviser) +44 20 7710 7600
David Arch
Tom Yeadon
FTI Consulting +44 20 3727 1000
Richard Sunderland
Claire Turvey
About Secure Income REIT
Secure Income REIT floated as a Real Estate Investment Trust on
the AIM segment of the London Stock Exchange in June 2014. Upon
Admission, shares were issued at 174p representing a market
capitalisation of GBP293 million, which has subsequently grown to
approximately GBP800 million.
The Company specialises in generating long term, inflation
protected, secure income from real estate investments. Its
investment strategy is designed to satisfy investors' growing
requirements for high quality, safe, inflation protected income
flows.
At 31 December 2016, the Company's investment property portfolio
was valued at approximately GBP1.64 billion, producing
approximately GBP92.6 million per annum of rental income from long
term leases with a weighted average unexpired term to expiry of
over 23 years, one of the longest income profiles in the quoted UK
real estate sector. All rental income is subject to fixed or RPI
upwards only rent reviews.
The Company is advised by Prestbury Investments LLP which was
adviser to Max Property Group plc until August 2014, when Max
Property Group plc was sold to Blackstone Group. Prestbury
Investments LLP is a partnership of real estate and finance
professionals including Nick Leslau, Mike Brown, Tim Evans, Ben
Walford and Sandy Gumm.
The Company's Board is chaired by Martin Moore and also
comprises three further independent Directors in Leslie Ferrar,
Jonathan Lane and Ian Marcus, as well as three members of the
Prestbury Team in Nick Leslau, Mike Brown and Sandy Gumm.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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