Result of AGM

RNS Number : 3904Y

Local Shopping REIT (The) PLC

02 March 2017

 

The Local Shopping REIT plc ("the Company") announces the results of resolutions considered at the Company's Annual General Meeting held on 2 March 2017.  All resolutions put to the meeting were as set out in the Notice of the Meeting.

The following resolutions were passed on a show of hands, and the meeting was informed of valid proxy appointments which had been received in respect of those resolutions, as set out below:

Resolution Number & Description		For		Discretionary	Against			Withheld		Total Cast*
1: Receive and adopt the report of the directors and the Company's financial statements for the year ended 30 September 2016.		26,397,633		0	0			0		26,397,633
2. Approve the Company's Remuneration Policy		26,107,633		0	40,000			250,000		26,397,633
3. Approve Remuneration Implementation Report for the year ended 30 September 2015.		26,147,633		0	0			250,000		26,397,633
6: Re-elect Brett Miller as a director of the Company.		26,388,344		0	2,000			9,289		26,397,633
7: Reappoint KPMG LLP as auditors to the Company and to authorise the directors to determine their remuneration.		26,130,930		0	6,614			260,089		26,397,633
10: Renew the directors' authority to make market purchases of the Company's shares (as a Special Resolution).		26,134,633		0	13,000			250,000		26,397,633
11. Approve a Remuneration Payment pursuant to section 226B(1)(b) of the Companies Act 2006.		26,138,344		0	0			259,289		26,397,633
12: Permit general meetings (other than the Annual General Meeting) to be called on 14 clear days' notice (as a Special Resolution).		26,347,544		0	50,089			0		26,397,633

The following resolutions were also passed by way of polls demanded and taken at the meeting:

Resolution Number & Description	For	Discretionary	Against	Withheld	Total Cast*
4: Re-appoint Stephen East as a director of the Company	32,118,376	0	19,676,195	9,289	51,803,860
5: Re-elect Nicholas Vetch as a director of the Company.	32,118,376	0	19,676,195	9,289	51,803,860
8: Renew the directors' authority to allot securities.	30,482,160	0	21,071,700	250,000	51,803,860

The following resolution was not passed, as a result of voting on a poll demanded taken at the meeting:

Resolution Number & Description	For	Discretionary	Against	Withheld	Total Cast*
9: Renew the directors' authority to allot shares for cash, dispensing with Companies Act 2006 pre-emption procedures (as a Special Resolution).	30,447,974	0	21,105,886	250,000	51,803,860

*The total cast figure includes votes withheld.  However, as votes withheld are not votes in law, they are not counted in the calculating the proportion of votes for and against a resolution. 

Copies of the Notice of the Meeting, including full text of all the resolutions, may be obtained from the Company's web site: www.localshoppingreit.co.uk.

Enquiries:

Bill Heaney

Company Secretary

020 7355 8800

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