Result of General Meeting

Home REIT PLC

21 August 2023

 

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FOR IMMEDIATE RELEASE

21 August 2023

Home REIT plc

("Home REIT" or the "Company")

Result of General Meeting

Home REIT plc (the "Company") announces that, at the General Meeting (the "GM") of the Company held today, resolution 1 as set out in the Notice of General Meeting was duly passed on a poll.

Following approval by Shareholders of the new investment policy, and further to the Company's announcement of 23 May 2023, the Board is pleased to announce that AEW UK Investment Management LLP has been appointed as the Company's AIFM and Investment Manager with immediate effect. Alvarium Fund Managers (UK) Limited has today ceased to act as AIFM.

The poll result was:

	Resolution	Votes For (including discretionary)	%	Votes Against	%	Votes Withheld	% of Issued Share Capital  Voted
1	That the proposed investment policy is adopted as the investment policy of the Company to the exclusion of the existing investment policy of the Company	558,771,343	99.98	86,264	0.02	13,519	70.69

Shareholders are entitled to one vote per share. Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution. Where shareholders appointed the Chair as their proxy with discretion as to voting, their votes were cast in favour of resolution 1 and their shares have been included in the "votes for" column.

The total number of ordinary shares of GBP 0.01p each in issue is 790,570,465. The total number of voting rights is: 790,570,465. 

Lynne Fennah, Chair of Home REIT plc, said: "Shareholders have overwhelmingly supported our proposal and we can now focus on our continuing work with AEW to maximise value. AEW's appointment as the Company's Investment Manager and AIFM is an important step. Following the Company's announcement of AEW's appointment as Property Adviser on 23 May 2023, AEW has begun several critical workstreams to stabilise the Company's property portfolio and maintain its mission of providing accommodation to vulnerable people."

Nick Winsley, Head of AEW UK, said: "Today's result will allow us to continue to execute our stabilisation strategy for the Company's portfolio. Protecting the interests of all of Home REIT's stakeholders remains at the forefront of our agenda."

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Notice of General Meeting.

FOR FURTHER INFORMATION, PLEASE CONTACT:

For Home REIT:
Smith Square Partners (Financial Adviser) John Craven Toby Rolls	[phone]

FTI Consulting (Communications Adviser) Dido Laurimore Eve Kirmatzis Ellie Perham-Marchant Oliver Harrison	[e-mail] [phone]
For AEW:
AEW
Stefano Bassi, AEW	[e-mail]
FTI Consulting
Richard Sunderland	[e-mail]

The Company's LEI is: 213800A53AOVH3FCGG44.

For more information, please visit the Company's website: www.homereituk.com

Disclaimer

Smith Square Partners LLP ("Smith Square"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for Home REIT and no one else in connection with the matters set out in this Announcement. In connection with such matters, Smith Square will not regard any other person as its client and will not be responsible to any persons other than Home REIT for providing the protections afforded to clients of Smith Square, or for providing advice in relation to the contents of this announcement or any other matter referred to herein. Smith Square does not owe or accept any duty, liability or responsibility whatsoever (whether direct, indirect, consequential, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Smith Square in connection with this announcement, in any statement contained herein or otherwise.

 

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