Secure Income REIT PLC Result of AGM (0225A)
May 23 2019 - 6:43AM
UK Regulatory
TIDMSIR
RNS Number : 0225A
Secure Income REIT PLC
23 May 2019
23 May 2019
Secure Income REIT Plc
Result of AGM
The Board of Secure Income REIT Plc (the "Company"), the
specialist long term income UK REIT, confirms that, at the Annual
General Meeting of the company held on 23 May 2019, all resolutions
proposed were duly passed.
The results of voting for each resolution were:
Ordinary resolutions FOR % FOR AGAINST % AGAINST WITHHELD
1. To approve the annual
report for the year to
31 December 2018 256,994,646 98.88 2,915,572 1.12 0
-------------- -------- ----------- ------------ -----------
2. To re-elect Martin
Moore as a Director 259,905,621 99.99 2,597 0.01 2,000
-------------- -------- ----------- ------------ -----------
3. To re-relect Sandy
Gumm as a Director 256,990,049 98.88 2,918,169 1.12 2,000
-------------- -------- ----------- ------------ -----------
4. To reappoint BDO LLP
as the auditors 256,994,646 98.88 2,915,572 1.12 0
-------------- -------- ----------- ------------ -----------
5. To authorise the Directors
to fix the remuneration
of the auditors 259,910,218 100.00 0 0.00 0
-------------- -------- ----------- ------------ -----------
6. That the Company be
generally and unconditionally
authorised to allot ordinary
shares in the Company 256,989,401 99.99 3,245 0.01 2,917,572
-------------- -------- ----------- ------------ -----------
Special resolutions
-------------- -------- ----------- ------------ -----------
7. That the Company be
generally authorised to
make market purchases
of ordinary shares subject
to certain conditions 259,910,218 100.00 0 0.00 0
-------------- -------- ----------- ------------ -----------
8. That the Directors
be empowered to allot
equity securities in the
Company for cash without
pre-emption rights subject
to certain conditions 243,755,005 93.79 16,153,213 6.21 2,000
-------------- -------- ----------- ------------ -----------
Total votes cast for each resolution amounted to approximately
80.5% of shares in issue.
For further information on the Company, please contact:
Secure Income REIT Plc +44 20 7647 7647
Sandy Gumm enquiries@SecureIncomeREIT.co.uk
Stifel Nicolaus Europe Limited +44 20 7710 7600
(Nominated Adviser) stifelsecureincomereit@stifel.com
Mark Young
Stewart Wallace
Tom Yeadon
FTI Consulting LLP +44 20 3727 1000
Dido Laurimore SecureIncomeREIT@fticonsulting.com
Claire Turvey
Eve Kirmatzis
About Secure Income REIT Plc
Secure Income REIT 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 2018, the Group's investment property portfolio
was valued at GBP2.3 billion, producing GBP125 million per annum of
rental income from long term leases with a weighted average
unexpired term to expiry of 20.9 years with no breaks. All rental
income is subject to fixed uplifts or RPI upwards only rent
reviews. The Group's portfolio comprises key operating assets let
to strong businesses in defensive sectors with high barriers to
entry. The RPI-linked rent reviews and fixed rental uplifts combine
with fixed cost debt to drive healthy dividend growth, creating
attractive and predictable returns.
The Company is advised by Prestbury Investments LLP which was
adviser to Max Property Group plc until August 2014, when all of
the assets of Max Property Group plc were 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 together with
three further independent Directors: Leslie Ferrar, Jonathan Lane
and Ian Marcus, as well as three members of the Prestbury Team:
Nick Leslau, Mike Brown and Sandy Gumm.
The Company is a UK REIT which floated on the AIM market of the
London Stock Exchange in June 2014.
The Company's LEI is 213800M1VI451RU17H40
Further information on Secure Income REIT is available at
www.SecureIncomeREIT.co.uk.
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END
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