Result of AGM
Summary by AI BETAClose X
Real Estate Credit Investments Limited
Result of the Annual General Meeting
The Directors of Real Estate Credit Investments Limited ("RECI" or the "Company") are pleased to announce the results of voting at the annual general meeting of the Company held at 10:30 a.m. on 16 September 2026 at East Wing, Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3PP (the “AGM” or the “Meeting”).
The Notice of the AGM and proposed agenda and resolutions were circulated to shareholders and announced to the market on 17 August 2026.
Each of resolutions 1-13 proposed at the AGM were duly passed. Voting was conducted by way of a poll on each of the resolutions put to the Meeting. This is seen as best practice as it gives all shareholders the opportunity to participate in the decision-making of the Company and have their votes recorded even if they are unable to attend the Meeting in person.
Total votes of 87,196,155 were cast at the AGM. The results of the voting are noted as follows:
|
|
|
In Favour |
|
|
|
Discretion |
|
|
|
Against |
|
|
Withheld |
|
|
Resolution |
Votes |
%age |
Items |
|
Votes |
%age |
Items |
|
Votes |
%age |
Items |
|
Votes |
Items |
|
1 - adopt Annual Report 2026 |
87,161,446 |
99.97 |
61 |
|
0 |
0 |
0 |
|
27,537 |
0.03 |
4 |
|
67,923 |
5 |
|
2 - reappoint PwC as auditor |
87,015,772 |
99.83 |
61 |
|
0 |
0 |
0 |
|
151,087 |
0.17 |
6 |
|
90,047 |
6 |
|
3 - fix remuneration of the auditor |
87,039,872 |
99.85 |
61 |
|
0 |
0 |
0 |
|
130,766 |
0.15 |
6 |
|
86,268 |
6 |
|
4 - re-elect A Tautscher |
86,308,184 |
99.87 |
60 |
|
0 |
0 |
0 |
|
113,138 |
0.13 |
7 |
|
835,584 |
7 |
|
5 - re-elect S Farnon |
86,157,012 |
99.69 |
60 |
|
0 |
0 |
0 |
|
265,042 |
0.31 |
10 |
|
834,852 |
7 |
|
6 - re-elect C McHugh |
86,274,750 |
99.76 |
60 |
|
0 |
0 |
0 |
|
209,748 |
0.24 |
9 |
|
772,408 |
7 |
|
7 - re-elect M Thompson |
86,371,110 |
99.87 |
60 |
|
0 |
0 |
0 |
|
113,388 |
0.13 |
7 |
|
772,408 |
7 |
|
8 - approve Remuneration Committee Report |
86,271,580 |
99.79 |
60 |
|
0 |
0 |
0 |
|
178,848 |
0.21 |
5 |
|
806,478 |
7 |
|
9 - approve Remuneration Policy |
86,248,278 |
99.77 |
60 |
|
0 |
0 |
0 |
|
201,446 |
0.23 |
5 |
|
807,182 |
7 |
|
10 - approve Dividend Policy |
87,168,965 |
99.97 |
61 |
|
0 |
0 |
0 |
|
27,190 |
0.03 |
4 |
|
60,751 |
4 |
|
11 – make market acquisitions of own shares |
87,085,088 |
99.88 |
61 |
|
0 |
0 |
0 |
|
105,931 |
0.12 |
6 |
|
65,887 |
5 |
|
12 - disapply pre-emption rights and allot up to 10% in new shares |
85,068,563 |
98.37 |
58 |
|
0 |
0 |
0 |
|
1,412,540 |
1.63 |
13 |
|
775,803 |
6 |
|
13 - amend Articles of Incorporation |
86,424,579 |
99.94 |
60 |
|
0 |
0 |
0 |
|
52,307 |
0.06 |
4 |
|
780,020 |
6 |
The full text of the resolutions passed at the AGM may be found in the Notice of AGM published on 17 August 2026 on the Company’s website and available from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. A copy of this announcement has been submitted to the National Storage Mechanism and will shortly be available for inspection.
Notes:
1. Defined terms used in this announcement shall bear the meanings given in the Notice of AGM.
2. Ordinary resolutions are passed if more than 50% of votes are cast in favour of the resolution; extraordinary resolutions are passed if more than 75% of votes are cast in favour of the resolution and special resolutions are passed if more than 75% of votes are cast in favour of the resolution.
3. The Discretionary votes received were voted in favour of each resolution.
4. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes “for” and “against” a particular resolution.
For further information, please contact:
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END
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