Result of AGM

RNS Number : 4629O

Regional REIT Limited

17 May 2018

 

17 May 2018

REGIONAL REIT LIMITED

Result of Annual General Meeting

Regional REIT Limited (LSE: RGL) ("Regional REIT", "the Group" or "the Company"), the UK regional office and industrial property focused REIT, is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a show of hands.

Resolutions 1 to 10 were passed as ordinary resolutions. Resolutions 11 and 12 were passed as extraordinary resolutions, as set out below:

Resolution 11 (extraordinary resolution): That the Directors be generally authorised to issue, allot and/or sell equity securities for cash, as if pre-emption rights attached to such shares did not apply to such allotment, issue and/or sale of such shares.

Resolution 12 (extraordinary resolution): That the Directors be authorised in addition to any authority granted under resolution 11 to allot, issue and/or sell equity securities for cash as if the pre-emption rights attached to such shares did not apply to any such allotment, issue and/or sale of such shares for the purposes of financing (or refinancing) acquisitions or capital investments.

The proxy votes received in relation to these resolutions were as follows:

Resolutions
	For	%	Against	%	Withheld
Resolution 1	221,276,809	99.97	58,926	0.03	460,792
Resolution 2	221,296,013	99.98	39,722	0.02	460,792
Resolution 3	221,325,286	99.99	10,450	0.01	460,792
Resolution 4	221,222,966	99.95	112,769	0.05	460,792
Resolution 5	221,222,966	99.95	111,769	0.05	461,792
Resolution 6	213,270,194	96.48	7,778,274	3.52	748,059
Resolution 7	221,222,966	99.95	111,769	0.05	461,792
Resolution 8	221,130,845	99.91	203,890	0.09	461,792
Resolution 9	221,229,589	99.95	106,147	0.05	460,792
Resolution 10	221,322,686	99.99	13,050	0.01	460,792
Resolution 11	218,781,322	98.84	2,544,036	1.15	466,170
Resolution 12	218,590,486	98.75	2,734,871	1.24	466,170

Notes:

1.     Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.

2.     A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.regionalreit.com and on the National Storage Mechanism.

A copy of the resolutions passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.

For further information please contact:

Link Company Matters Limited

Company Secretary

Tel: [phone]

Enquiries:

Regional REIT Limited
Press enquiries through Headland
Toscafund Asset Management LLP	Tel: [phone]
Investment Manager to the Group
Adam Dickinson, Investor Relations, Regional REIT Limited
London & Scottish Investments Limited	Tel: [phone]
Asset Manager to the Group
Stephen Inglis
Headland PR Consultancy LLP	Tel: [phone]
Financial PR
Bryony Sym / Jack Gault

About Regional REIT

About Regional REIT Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway.

Regional REIT is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed by the combination of two existing funds previously created by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to Shareholders and with a strong focus on income.

The Group's investment portfolio, as at 31 December 2017, was spread across 164 regional properties, 1,368 units and 1,026 tenants. As at 31 December 2017, the investment portfolio had a value of £737.3m and a net initial yield of 6.5%. The weighted average unexpired lease term to first break was 3.5 years.

The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.

ESMA Legal Entity Identifier ("LEI"): (549300D8G4NKlRIKBX73)

 

 

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