Result of AGM

Sirius Real Estate Limited

11 July 2023

 

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

11 July 2023                                       

Sirius Real Estate Limited

("Sirius Real Estate", "Sirius" or the "Company")

Result of Annual General Meeting

Sirius Real Estate announces that at the Annual General Meeting (the "Meeting") held yesterday, Monday, 10 July 2023, all resolutions were duly passed.

The result of the vote on each resolution is shown below:

Resolution proposed at the Meeting	Votes for resolution as a percentage of total number of shares voted at the Meeting	Votes against resolution as a percentage of total number of shares voted at the Meeting	Number of shares voted at the Meeting	Number of shares voted at the Meeting as a percentage of shares in issue*	Number of shares abstained/ withheld as a percentage of shares in issue*
Ordinary Resolutions
1: To receive and approve Annual Report 2023.	100.00%	0.00%	837,649,490	71.12%	0.30%
2: To elect Chris Bowman as a Director.	99.60%	0.40%	838,267,531	71.18%	0.24%
3: To re-elect Caroline Britton as a Director.	98.20%	1.80%	838,267,531	71.18%	0.24%
4: To re-elect Mark Cherry as a Director.	97.22%	2.78%	838,267,531	71.18%	0.24%
5: To re-elect Kelly Cleveland as a Director.	97.22%	2.78%	838,267,531	71.18%	0.24%
6: To re-elect Andrew Coombs as a Director.	98.97%	1.03%	838,267,531	71.18%	0.24%
7: To re-elect Joanne Kenrick as a Director.	96.91%	3.09%	838,267,531	71.18%	0.24%
8: To re-elect Daniel Kitchen as a Director.	94.96%	5.04%	838,267,531	71.18%	0.24%
9: To re-elect James Peggie as a Director.	97.70%	2.30%	838,267,530	71.18%	0.24%
10: To re-appoint Ernst & Young LLP as auditors.	99.91%	0.09%	838,252,389	71.18%	0.25%
11: To approve fixing the auditors' remuneration.	99.91%	0.09%	838,266,031	71.18%	0.24%
12: (non-binding): To approve the dividend.	100.00%	0.00%	838,267,531	71.18%	0.24%
13. (non-binding): To approve the Remuneration Policy.	91.72%	8.28%	838,169,985	71.17%	0.25%
14. (non-binding): To approve the Implementation Report on the Remuneration Policy.	87.65%	12.35%	837,344,885	71.10%	0.32%
15: To approve scrip dividend scheme for financial year ending 31 March 2024.	99.64%	0.36%	838,166,559	71.17%	0.25%
16: To authorise the Directors generally and unconditionally to allot equity securities.	77.50%	22.50%	838,166,559	71.17%	0.25%
Special Resolutions
17: To authorise the Directors to issue of up to ten percent. (10%) of issued share capital as if pre-emption rights did not apply.	82.56%	17.44%	838,261,110	71.18%	0.24%
18: To authorise the Directors to issue of an additional ten percent. (10%) of issued share capital as if pre-emption rights did not apply for acquisitions/capital investments.	83.79%	16.21%	838,261,110	71.18%	0.24%
19: To authorise the Company or any of its subsidiaries to make market purchases of ordinary Shares of the Company.	99.50%	0.50%	836,669,786	71.04%	0.38%

Note:

*The total number of shares in issue as at the date of the Meeting was 1,177,722,985, of which zero were treasury shares.

In accordance with provision 4 of Section 1 of the UK Corporate Governance Code 2018
(the "UK Code"), the Company notes the votes cast against Resolution 16 were greater than 20% of those exercised in total by the Company's shareholders.

The Board has been engaging with shareholders in respect of Resolution 16 in the lead up to the Meeting and has a good understanding of the concerns of some of Sirius' major shareholders.   It is, however, the intention to extend the consultation process and report to shareholders in line with the requirements of the UK Code.

The Company extends an invitation to shareholders to engage with the Company. Should shareholders wish to contact the Company with any concerns, they are requested to send their concerns in writing to the Company Secretary at [e-mail], by not later than close of business on Monday, 31 July 2023. Sirius will address those concerns in its consultation process identified above.

In accordance with Listing Rule 9.6.2 of the Financial Conduct Authority's Listing Rules, copies of the resolutions passed as special business will be submitted to the National Storage Mechanism and will shortly be available for inspection.

The full text of the resolutions can be found in the 'Investors' section of the Company website, under 'Results & presentations & notices', and is available for inspection here https://www.sirius-real-estate.com/investors/results-presentations-notices/.

For further information:

Sirius Real Estate Andrew Coombs, CEO Alistair Marks, CIO and interim CFO	[phone]
FTI Consulting (Financial PR) Richard Sunderland James McEwan Talia Shirion [e-mail]	[phone]
JSE Sponsor PSG Capital

 

END