Result of AGM

RNS Number : 3214Y
LXI REIT PLC
05 September 2022
 

LXi REIT plc

(the "Company" or "LXi REIT")

RESULT OF ANNUAL GENERAL MEETING

The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that all of the resolutions put forward at its Annual General Meeting held earlier today were passed. 

 

The text of all the resolutions can be found in the Notice of Meeting dated 27 July 2022.

 

The proxy votes received were as follows:-

 

Ordinary Resolutions

In favour

%

In favour

Against

%

Against

Withheld

1. To approve the Annual Report and  Accounts to 31 March 2022

959,383,108

99.72

2,652,723

0.28

1,249,829

2. To approve the Directors' Remuneration Report

961,381,188

99.82

1,723,726

0.18

180,746

3. To approve the Company's Dividend Policy

963,268,424

99.99

5,846

0.01

11,390

4. To elect Cyrus Ardalan as a director

958,244,164

99.49

4,917,237

0.51

124,259

5. To elect Hugh Seaborn as a director

962,762,463

99.96

398,938

0.04

124,259

6. To elect Ismat Levin as a director

963,120,355

99.99

44,046

0.01

121,259

7. To re- elect John Cartwright as a director

955,880,420

99.24

7,284,847

0.76

120,393

8. To elect Sandy Gumm as a director

963,109,847

99.99

49,757

0.01

126,056

9. To elect Nick Leslau as a director

962,753,995

99.96

407,406

0.04

124,259

10. To re-appoint BDO LLP as Auditor to the Company

944,234,522

99.94

577,485

0.06

18,473,653

11. To authorise the directors to fix the remuneration of the Auditor

962,048,092

99.88

1,125,312

0.12

112,256

12. To give authority for the Company to allot new shares

962,149,657

99.9

985,902

0.1

150,101

Special Resolutions

13. To allot new shares and/or sell shares from treasury free from pre-emption rights

960,453,556

99.72

2,682,580

0.28

149,524

14. To give authority for the Company to purchase its own shares 

949,604,176

98.65

12,961,777

1.35

719,707

15. To allow general meetings (other than the AGM) to be called on 14 clear days' notice 

931,723,273

96.74

31,435,915

3.26

126,472

 

 

At the time of the above meeting, the Company's issued share capital consisted of 1,714,473,236 ordinary shares. The Company held no shares in treasury.  Therefore, the total number of ordinary shares with voting rights was 1,714,473,236. Each Ordinary Share held entitles the holder to one vote and there are no restrictions on those voting rights. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" a resolution.

 

In accordance with LR 9.6.2 and LR 9.6.3, copies of the resolutions passed as special business will be submitted to the National Storage Mechanism website and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

 

5 September 2022

 

Enquiries

 

Sanne Fund Services (UK) Limited

Jenny Thompson/ Brian Smith  020 3327 9720

Company Secretary

 

 

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