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GCP Student Living (DIGS)

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Wednesday 15 December, 2021

GCP Student Living

Result of AGM

RNS Number : 7786V
GCP Student Living PLC
15 December 2021
 

GCP STUDENT LIVING PLC

 

("GCP Student" or the "Company", together with its subsidiaries the "Group")

LEI: 2138004J4ID66FK38H25

Result of Annual General Meeting

 

GCP Student Living, the only UK REIT focused on modern, purpose-built private student accommodation in and around London, announces that, at the Annual General Meeting held today, all resolutions were passed on a poll, with the exception of Resolution 14, authority to convene a general meeting on not less than 14 clear days' notice, which failed:

 

The results of the poll for each resolution were as follows:

 

Resolutions

Votes For

%

Votes Against

%

Votes Withheld

Resolution 1

179,869,022

97.52

4,569,634

2.48

290,983

Resolution 2

181,393,535

98.20

3,330,315

1.80

5,789

Resolution 3

184,198,610

99.72

525,240

0.28

5,789

Resolution 4

184,188,398

99.71

535,452

0.29

5,789

Resolution 5

133,376,208

72.20

51,347,642

27.80

5,789

Resolution 6

129,581,425

96.56

4,610,703

3.44

50,537,511

Resolution 7

184,681,520

99.98

42,330

0.02

5,789

Resolution 8

180,677,126

97.81

4,050,962

2.19

1,551

Resolution 9

184,694,643

99.98

33,295

0.02

1,701

Resolution 10

184,695,005

99.98

32,933

0.02

1,701

Resolution 11

184,695,608

99.98

32,480

0.02

1,551

Resolution 12

184,677,004

99.97

51,084

0.03

1,551

Resolution 13

180,312,513

97.61

4,415,575

2.39

1,551

Resolution 14

124,932,498

67.63

59,795,590

32.37

1,551

 

As a result of the vote on Resolution 14, the Company will not seek to hold general meetings on the shorter timeframe being proposed.

 

The Board acknowledges the significant vote against Resolution 5 and the failure of Resolution 14. The Board is committed to continuing an open and transparent dialogue with the Company's shareholders and will continue to engage with those shareholders, and others, who voted against these resolutions to further understand their views and/or any specific concerns.

 

A copy of the full text of resolutions 10 to 13 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

 

 

For further information please contact:

 

Gravis Capital Management Limited  +44 020 3405 8500

Nick Barker

Joe McDonagh

 

Jeffries International Limited      +44 020 7029 8000

Philip Noblet

Tom Yeadon

Rishi Bhuchar

James Thomlinson 

 

Buchanan / Quill                                                      +44 020 7466 5000

Helen Tarbet 

Henry Wilson 

 

 

About GCP Student

The Company is the only UK REIT focused on modern, purpose-built private student accommodation in and around London.

 

Its investments are located where the Investment Manager believes the Company is likely to benefit from supply and demand imbalances for student residential accommodation. GCP Student's property portfolio comprises eleven operational assets with c.4,100 beds. At 30 September 2021, its property portfolio was valued at £1.16 billion.

 

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