Custodian Property Income REIT plc: Results of General Meeting

Custodian Property Income REIT plc (CREI) Custodian Property Income REIT plc: Results of General Meeting 21-Nov-2023 / 17:00 GMT/BST 21 November 2023 Custodian Property Income REIT plc (“Custodian Property Income REIT” or “the Company”) Results of General Meeting Custodian Property Income REIT (LSE: CREI), which seeks to deliver an enhanced income return by investing in a diversified portfolio of smaller, regional properties with strong income characteristics across the UK, is pleased to announce that following a General Meeting (“GM”) of the Company held earlier today, the resolution was approved on a poll.  The Company’s Articles require that, at every seventh Annual General Meeting (“AGM”), a Continuation Resolution be proposed.  The first Continuation Resolution should have been proposed at the 2020 AGM but this was not brought to the attention of the Board and, as a result, a Continuation Resolution was not proposed.  The Company has been advised that, as this oversight constituted a breach of the Articles, the Company should seek Shareholder approval to ratify this.  Accordingly, the Resolution passed at this GM released the Company and its directors from their historical obligation to propose a Continuation Vote at the 2020 AGM and ratified this breach of the Articles. The Continuation Resolution was overlooked during a period of strong performance by the Company relative to its peers and amidst the COVID-19 pandemic.  Shareholders were not pressing for such a resolution at that time and the Board is not aware of any desire for a Continuation Resolution to be considered at this stage either. As a result, the Board did not propose a replacement Continuation Resolution at this GM.  The next Continuation Resolution will be proposed at the fourteenth AGM of the Company expected to be held in 2027. A summary of the results of the poll are set out below: Resolution Votes for % of votes cast Votes against % of votes cast Total votes cast Votes cast as a % of ISC* Votes withheld** SPECIAL RESOLUTION 1 Release the Company and its Directors from: its obligation to propose a Continuation Resolution at the 2020 AGM; and any associated liability. 104,920,872 84.6% 19,093,457 15.4% 124,014,329 28.1% 19,264,461 *Turnout, based on total issued share capital (the “ISC”) as at 21 November 2023. **The percentage of votes cast for and against excludes withheld votes. - Ends - Further information: Further information regarding the Company can be found at the Company's website custodianreit.com or please contact: Custodian Capital Limited Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE Tel: [phone] www.custodiancapital.com Numis Securities Limited Hugh Jonathan / Nathan Brown Tel: [phone] www.numis.com/funds FTI Consulting Richard Sunderland / Andrew Davis / Oliver Parsons Tel: [phone] [e-mail] Notes to Editors Custodian Property Income REIT plc is a UK real estate investment trust, which listed on the main market of the London Stock Exchange on 26 March 2014. Its portfolio comprises properties predominantly let to institutional grade tenants on long leases throughout the UK and is principally characterised by smaller, regional, core/core-plus properties.  The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund.  By principally targeting smaller, regional, core/core-plus properties, the Company seeks to provide investors with an attractive level of income with the potential for capital growth. Custodian Capital Limited is the discretionary investment manager of the Company. For more information visit custodianreit.com and custodiancapital.com. Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

ISIN:	GB00BJFLFT45
Category Code:	ROM
TIDM:	CREI
LEI Code:	2138001BOD1J5XK1CX76
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	286402
EQS News ID:	1778771

End of Announcement	EQS News Service