Result of AGM and Update on Board Succession

Ground Rents Income Fund PLC

25 March 2026

 

25 March 2026

Annual general meeting AND UPDATE ON BOARD SUCCESSION

Ground Rents Income Fund plc (the "Company") announces that a poll was held on each of the resolutions proposed at the Annual General Meeting ("AGM") on Wednesday, 25 March 2026. All the resolutions passed. The results of the poll are:

	Resolution	For	%	Against	%	Withheld	Total % of Voting Capital voted (excluding Withheld)
1	To receive the audited financial statements of the Company for the year ended 30 September 2025 and the Report of the Directors thereon.	34,292,390	99.90	32,870	0.10	533,897	35.88
2	To approve the Directors' Remuneration Report for the financial year ended 30 September 2025.	34,714,667	99.62	133,346	0.38	11,144	36.43
3	To elect Judith MacKenzie as a Director of the Company.	34,748,770	99.72	99,243	0.28	11,144	36.43
4	To re-elect Bill Holland as a Director of the Company.	34,758,410	99.74	89,603	0.26	11,144	36.43
5	To re-elect Katherine Innes Ker as a Director of the Company.	34,758,410	99.74	89,603	0.26	11,144	36.43
6	To appoint RSM UK Audit LLP as auditor of the Company.	34,751,902	99.71	101,111	0.29	6,144	36.43
7	To authorise the Directors to determine the remuneration of RSM UK Audit LLP as auditor of the Company.	34,753,713	99.72	99,300	0.28	6,144	36.43
8	To renew the authority to allot shares.	34,693,798	99.54	159,215	0.46	6,144	36.43
9	To disapply pre-emption rights (special resolution).	34,693,798	99.54	159,215	0.46	6,144	36.43
10	To renew the authority to purchase own shares (special resolution).	34,813,408	99.87	45,749	0.13	0	36.44

Copies of resolutions 8, 9, and 10 will be filed at Companies House.

Shareholders are entitled to one vote per share. Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution. Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.

The total number of ordinary shares of 50p each in issue is 95,667,627. The total number of voting rights is: 95,667,627.

A copy of the resolutions passed at today's AGM will be available for inspection on the Company's website at http://www.groundrentsincomefund.com

Update on Board succession

On 11 December 2025, the Company announced that Bill Holland and Katherine Innes Ker had both confirmed their intent to stand down from their positions on the Board once replacement Non-Executive Directors had been appointed. The appointment process is progressing well and the Company anticipates being able to release a further announcement within the coming weeks.

Enquiries:

Schroder Real Estate Investment Management Limited

Chris Leek

020 7658 6000

Singer Capital Markets (Financial Adviser & Broker)

James Maxwell (Investment Banking)

Sam Greatrex (Sales)

020 7496 3000

Appleby Securities (Channel Islands) Limited (Sponsor)

Andrew Weaver / Michael Davies

01534 888 777

FTI Consulting

Richard Gotla / Oliver Parsons

0203 727 1000

JTC (UK) Limited (Company Secretary)

Ruth Wright

[phone]

 

END