Result of AGM

RNS Number : 0565J

Londonmetric Property Plc

10 July 2013

 



10 July 2013

LONDONMETRIC PROPERTY PLC

("LondonMetric" or the "Group")

RESULT OF AGM

LondonMetric Property Plc (LSE: LMP.L) announces that at its Annual General Meeting held earlier today, Wednesday 10 July 2013, all resolutions were duly passed on show of hands.

In accordance with 9.6.2(R) of the Listing Rules, a copy of the resolutions passed at the Annual General Meeting is being submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.

Proxies were received by the Company from Shareholders before the meeting as follows.  There are 628,043,905 ordinary shares in issue as at the date of the meeting.

	Resolution	For Votes	% of votes cast*	Against Votes	% of votes cast*	Withheld Votes
1	Receive the Annual Report and Accounts	434,551,105	98.83	5,130,761	1.17	9,280
2	Approve Remuneration Committee report	230,240,057	61.54	143,879,801	38.46	65,571,288
3	Approve the final dividend for the year	439,689,146	100.00	0	0.00	2,000
4	Re-appoint BDO LLP as auditors	421,678,131	95.91	18,003,735	4.09	9,280
5	Authorise the Board to determine  remuneration of the auditors	427,070,732	97.13	12,608,214	2.87	12,200
6	Election of Andrew Jones	438,653,068	99.77	1,028,798	0.23	9,280
7	Election of Andrew Varley	438,602,296	99.75	1,079,570	0.25	9,280
8	Election of Alec Pelmore	438,600,981	99.75	1,079,570	0.25	10,595
9	Election of Philip Watson	439,007,722	99.85	674,144	0.15	9,280
10	Authorise Directors to allot shares in accordance with S551 of the Companies Act 2006	373,865,016	92.04	32,343,932	7.96	33,482,198
11	Approve the Company's Long Term Incentive Plan	387,950,418	95.49	18,323,583	4.51	33,417,145
12	Approve LondonMetric Property Employee Benefit Trust	412,634,388	93.85	27,047,478	6.15	9,280
13	Authorise Directors to allot equity securities in accordance with S570 of the Companies Act 2006**	438,043,659	99.92	339,207	0.08	1,308,280
14	Authorise the Company to make market purchases in accordance  with S701 of the Companies Act**	439,398,701	99.99	57,645	0.01	234,800
15	Authorise the Company to call a general meeting on notice of at least 14 days**	396,409,039	90.16	43,272,627	9.84	9,480

* excluding votes withheld

** these resolutions were proposed as Special Business

-Ends-

For further information, please contact:

LondonMetric Property Plc

Patrick Vaughan / Martin McGann

Tel: [phone]

FTI Consulting

Stephanie Highett / Dido Laurimore/Nina Legge

Tel: [phone]          

Notes to editors:

LondonMetric (ticker: LMP) is a UK REIT admitted on the Official List and to trading on the Main Market of the London Stock Exchange ("LSE") on 28 January 2013 as a result of the merger between London & Stamford Property Plc (LSP) and Metric Property Investments plc (METP).

LondonMetric aims to deliver attractive returns for shareholders through a strategy of increasing income and improving capital values. It invests across the UK in Retail and Distribution properties as well as Greater London real estate opportunities. It employs an occupier-led approach to property investments through opportunistic acquisitions, joint ventures, active asset management and short cycle developments. The asset focus is on properties with enduring occupier appeal providing opportunities to improve both rental values and the security and longevity of income; and limited risk redevelopments with the aim of enhancing shareholder returns.

Further information on LondonMetric is available at www.londonmetric.com.

 

END

 

 

RAGURVVROVABAAR