Result of AGM

RNS Number : 4321G

Local Shopping REIT (The) PLC

01 March 2018

 

The Local Shopping REIT plc ("the Company") announces the results of resolutions considered at the Company's Annual General Meeting held on 1 March 2018. 

The following resolutions were passed on a show of hands, and the meeting was informed of valid proxy appointments which had been received in respect of those resolutions, as set out below:

	Resolution Number & Description	For		Discretionary	Against		Withheld		Total Cast*		% of shares voted*
	1: Receive and adopt the report of the directors and the financial statements of the Company for the financial year ended 30 September 2017, together with the report of the Auditors.	36,202,814		0	21,021,200		7		57,224,021		69.36%
	2. Approve the Remuneration Implementation Report, contained in the report of the directors.	35,951,665		0	21,022,349		250,007		57,224,021		69.36%
	3. Re-elect Stephen East as a director.	57,222,860		0	1,154		7		57,224,021		69.36%
	4: Re-elect Nicholas Vetch as a director.	36,201,665		0	21,022,349		7		57,224,021		69.36%
	5: Re-elect Brett Miller as a director.	36,202,814		0	21,021,200		7		57,224,021		69.36%
	6: Re-appoint KPMG LLP as auditors to the Company and to authorise the directors to determine their remuneration.	35,952,014		0	21,021,200		250,807		57,224,021		69.36%
	7. Renew the directors' authority to allot securities up to a maximum nominal amount equal to one-third of issued share capital.	35,905,314		0	21,068,700		250,007		57,224,021		69.36%

The following resolutions, proposed as Special Resolutions of the Company, were not passed, as a result of voting on polls demanded and taken at the meeting:

Resolution Number & Description	For	Discretionary	Against	Withheld	Total Cast*	% of shares voted*
8: Authorise the directors to allot shares for cash, dispensing with Companies Act 2006 pre-emption procedures, up to 0a maximum of 5% of issued share capital.	35,904,514	0	21,069,500	250,007	57,224,021	69.36%
9: Authorise the directors to allot further shares for cash, dispensing with Companies Act 2006 pre-emption procedures, up to a maximum of 5% of issued share capital in relation to the financing of an acquisition or other capital investment.	35,904,514	0	21,069,500	250,007	57,224,021	69.36%
10: Authorise the directors to make market purchases of the Company's shares up to a maximum of 10% of issued share capital.	35,952,814	0	21,021,200	250,007	57,224,021	69.36%
11: Permit general meetings, other than the Annual General Meeting, to be called on 14 clear days' notice.	36,162,014	0	21,062,000	7	57,224,021	69.36%

*The total cast figure includes votes withheld.  However, as votes withheld are not votes in law, they were not counted in the calculating the proportion of votes for and against a resolution. 

Copies of the Notice of the Meeting and Addendum, including full text of all the resolutions, may be obtained from the Company's web site: www.localshoppingreit.co.uk.

Enquiries:

William A Heaney

Company Secretary

020 7355 8800

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