Target Healthcare REIT Limited Result of AGM (8218I)
November 29 2018 - 1:00AM
UK Regulatory
TIDMTHRL
RNS Number : 8218I
Target Healthcare REIT Limited
29 November 2018
To: RNS
From: Target Healthcare REIT Limited
LEI: 2138008VQQ5Y9QXMX749
Date: 29 November 2018
Subject: Annual General Meeting Result
Target Healthcare REIT Limited announces that, at the Annual
General Meeting held on 28 November 2018, all resolutions proposed
were duly passed.
The full text of the resolutions can be found in the Notice of
Annual General Meeting set out in the Annual Report and Financial
Statements for the year to 30 June 2018, copies of which have been
submitted to the National Storage Mechanism and which are available
for inspection at www.morningstar.co.uk/uk/NSM.
Details of the proxy votes lodged before the Annual General
Meeting, which should be read alongside the Notice contained in the
Annual Report and Financial Statements, are noted below and will be
available shortly at www.targethealthcarereit.co.uk
For Against Withheld
1) Ordinary Resolution 204,136,923 100.00% - - 20,888
------------ -------- ----------- ------- ----------
2) Ordinary Resolution 204,141,145 100.00% - - 16,666
------------ -------- ----------- ------- ----------
3) Ordinary Resolution 204,157,811 100.00% - - -
------------ -------- ----------- ------- ----------
4) Ordinary Resolution 160,115,147 79.47% 41,367,282 20.53% 2,675,381
------------ -------- ----------- ------- ----------
5) Ordinary Resolution 204,157,811 100.00% - - -
------------ -------- ----------- ------- ----------
6) Ordinary Resolution 193,992,380 95.02% 10,165,430 4.98% -
------------ -------- ----------- ------- ----------
7) Ordinary Resolution 204,157,811 100.00% - - -
------------ -------- ----------- ------- ----------
8) Ordinary Resolution 160,115,147 79.47% 41,367,282 20.53% 2,675,381
------------ -------- ----------- ------- ----------
9) Ordinary Resolution 204,120,434 99.98% 37,376 0.02% -
------------ -------- ----------- ------- ----------
10) Ordinary Resolution 193,972,338 95.02% 10,168,806 4.98% 16,666
------------ -------- ----------- ------- ----------
11) Special Resolution 204,157,811 100.00% - - -
------------ -------- ----------- ------- ----------
12) Special Resolution 204,102,397 99.97% 55,414 0.03% -
------------ -------- ----------- ------- ----------
The Board notes the outcome of the shareholder votes against
Resolution 4 and Resolution 8 concerning the elections of Craig
Stewart and Hilary Jones. The Board recognises the concerns which
have been expressed by shareholders regarding the independence of
these Directors.
The Board notes that corporate governance best practice is for
the Audit Committee to be composed solely of independent,
non-executive Directors. Whilst the Board continues to consider
both Hilary Jones and Craig Stewart to be independent, it has taken
into consideration the views of shareholders and, given the
relationship of these Directors with the Company Secretary, R&H
Fund Services (Jersey) Limited, has concluded that neither Director
should continue as a member of the Audit Committee. In accordance
with Listing Rule 9.6.11R, Target Healthcare REIT confirms that
this change will happen with immediate effect.
Whilst the Company is a UK REIT for the purposes of taxation, it
continues to be domiciled in Jersey. As such, Hilary Jones' and
Craig Stewart's position as Directors of the Company is considered
by the Board to be the most cost efficient and effective means of
ensuring that it fulfils its obligation to have two Jersey-based
Directors and that the Board has sufficient knowledge and
experience of the Jersey regulatory environment to ensure that it
understands and follows best practice within that regime. It is
anticipated that the valued experience of both Directors will
continue to be available to the Audit Committee where required.
For further information please contact:
Target Fund Managers Limited
Kenneth MacKenzie, Gordon Bland 01786 845 912
Stifel Nicolaus Europe Limited
Mark Young, Neil Winward, Tom Yeadon 020 7710 7600
---------------
FTI Consulting
Dido Laurimore, Claire Turvey, Richard
Gotla 020 3727 1000
---------------
Maitland Administration Services (Scotland)
Limited
Donald Cameron 0131 550 3763
---------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
RAGBPBRTMBMTBLP
(END) Dow Jones Newswires
November 29, 2018 02:00 ET (07:00 GMT)
Target Healthcare Reit (LSE:THRL)
Historical Stock Chart
From Apr 2024 to May 2024
Target Healthcare Reit (LSE:THRL)
Historical Stock Chart
From May 2023 to May 2024