Schroder Real Estate Investment
Trust Limited
(“the Company”)
RESULT OF ANNUAL GENERAL
MEETING
8 SEPTEMBER 2017
At the Annual General Meeting (“AGM”) of the Company held today
all Ordinary Resolutions as set out in the AGM Notice dated
23 May 2017 (the “Notice”) and sent
to shareholders of the Company, were duly passed.
Details of the proxy voting results
which should be read alongside the Notice are noted below:
Ordinary
Resolution |
For |
Discretion |
Against |
Abstain |
1 |
173,962,216 |
16,218 |
65,213 |
0 |
2 |
171,989,349 |
16,218 |
2,004,093 |
33,987 |
3 |
172,096,101 |
16,218 |
1,931,328 |
0 |
4 |
172,043,613 |
16,218 |
1,983,816 |
0 |
5 |
173,855,658 |
16,218 |
171,771 |
0 |
6 |
171,983,350 |
10,318 |
2,049,979 |
0 |
7 |
173,854,849 |
16,218 |
172,580 |
0 |
8 |
172,067,636 |
16,218 |
1,959,793 |
0 |
9 |
173,981,526 |
16,218 |
11,916 |
33,987 |
10 |
174,027,429 |
16,218 |
0 |
0 |
Note - A vote
withheld is not a vote in law and has not been counted in the votes
for and against a resolution.
At the same AGM noted above, the following Special Resolutions
were also passed as detailed below:
SPECIAL RESOLUTION 1:
That the Company be authorised, in accordance with section 315
of The Companies (Guernsey) Law, 2008, as amended (the "Companies
Law"), to make market acquisitions (within the meaning of section
316 of the Companies Law) of ordinary shares in the capital of the
Company ("ordinary shares"), provided that:
(a) the maximum number of
ordinary shares hereby authorised to be purchased shall be 14.99%
of the issued ordinary shares on the date on which this resolution
is passed;
(b) the minimum price which
may be paid for an ordinary share shall be 0.01p;
(c) the maximum price
(exclusive of expenses) which may be paid for an ordinary share
shall be 105% of the average of the middle market quotations on the
relevant market where the repurchase is carried out for the
ordinary shares for the five business days immediately preceding
the date of a purchase;
(d) such authority shall
expire at the Annual General Meeting of the Company in 2018 unless
such authority is varied, revoked or renewed prior to such date by
ordinary resolution of the Company in general meeting; and
(e) the Company may make a
contract to purchase ordinary shares under such authority prior to
its expiry which will or may be executed wholly or partly after its
expiration and the Company may make a purchase of ordinary shares
pursuant to any such contract.
SPECIAL RESOLUTION 2:
That the Directors of the Company be and are hereby empowered to
allot ordinary shares of the Company for cash as if the pre-emption
provisions contained under Article 13 of the Articles of
Incorporation did not apply to any such allotments and to sell
ordinary shares which are held by the Company in treasury for cash
on a non-pre-emptive basis provided that this power shall be
limited to the allotment and sales of ordinary shares:
(a) up to such number
of ordinary shares as is equal to 10% of the ordinary shares in
issue on the date on which this resolution is passed;
(b) at a price of not
less than the net asset value per share as close as practicable to
the allotment or sale;
provided that such power shall expire on the earlier of the
Annual General Meeting of the Company in 2018 or on the expiry of
15 months from the passing of this Special Resolution, except that
the Company may before such expiry make offers or agreements which
would or might require ordinary shares to be allotted or sold after
such expiry and notwithstanding such expiry the Directors may allot
or sell ordinary shares in pursuance of such offers or agreements
as if the power conferred hereby had not expired.
Details of the proxy voting results
which should be read alongside the Notice are noted below:
Special
Resolution |
For |
Discretion |
Against |
Abstain |
1 |
173,923,364 |
16,218 |
104,065 |
0 |
2 |
170,203,263 |
16,218 |
89,166 |
3,735,000 |
Note - A vote
withheld is not a vote in law and has not been counted in the votes
for and against a resolution.
Enquiries:
Company website:
www.srei.co.uk
Franczeska Hanford
Northern Trust International Fund Administration Services
(Guernsey) Limited
Tel:
+44 (0) 1481 745 918
Email:
fk26@ntrs.com