Result of AGM

Alternative Income REIT PLC

15 November 2023

 

15 November 2023

Alternative Income REIT plc

(the "Company" or "Group")

RESULT OF ANNUAL GENERAL MEETING

The Board of Alternative Income REIT plc is pleased to announce that at the Company's Annual General Meeting held today, all resolutions were passed on a show of hands.

Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and resolutions 11 to 14 (inclusive) were proposed as special resolutions. The proxy votes received prior to the meeting were as follows:

Resolution		Votes For*	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital	Votes Withheld**
1	To receive and adopt the audited financial statements of the Company for the financial year ended 30 June 2023	25,276,814	99.96	9,181	0.04	25,285,995	31.41	31,462
2	To approve the Directors' Remuneration Report	24,634,076	99.74	64,558	0.26	24,698,634	30.68	618,823
3	To approve the Directors' Remuneration Policy	25,145,991	99.60	100,558	0.40	25,246,549	31.36	70,908
4	To elect Simon Bennett as a director	25,236,441	99.86	36,608	0.14	25,273,049	31.40	44,408
5	To re-elect Stephanie Eastment as a director	25,235,215	99.85	37,834	0.15	25,273,049	31.40	44,408
6	To re-elect Adam Smith as a director	24,659,441	97.57	613,608	2.43	25,273,049	31.40	44,408
7	To re-appoint Moore Kingston Smith LLP as independent auditor of the Company	25,214,650	99.82	46,484	0.18	25,261,134	31.38	56,323
8	To authorise the Audit Committee to determine the auditor's remuneration	25,276,305	99.93	18,690	0.07	25,294,995	31.42	22,462
9	To approve the Company's dividend policy	25,284,814	99.96	9,181	0.04	25,293,995	31.42	23,462
10	To authorise the directors to allot shares	25,129,892	99.37	158,605	0.63	25,288,497	31.41	28,960
11	To authorise the disapplication of pre-emption rights up to 10%	24,924,295	98.56	363,202	1.44	25,287,497	31.41	29,960
12	To authorise the disapplication of pre-emption rights up to a further 10% in connection with an acquisition or specified capital investments	24,965,632	98.71	325,865	1.29	25,291,497	31.42	25,960
13	To authorise the Company to purchase its own shares	25,252,947	99.80	51,050	0.20	25,303,997	31.43	13,460
14	To authorise the calling of general meetings, other than an annual general meeting, on not less than 14 clear days' notice	24,662,553	97.51	630,583	2.49	25,293,136	31.42	24,321

* Any discretionary votes have been included in the "For" totals.

**A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

Every shareholder has one vote for every Ordinary Share held. As at 15 November 2023, the share capital of the Company consisted of 80,500,000 Ordinary Shares of £0.01 each with voting rights. The Company does not hold any shares in Treasury.

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 9 October 2023, a copy of which is available on the Company's website at https://www.alternativeincomereit.com/investors/reporting-centre/

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

ENQUIRIES

Alternative Income REIT PLC
Simon Bennett - Chairman	via H/Advisors Maitland below
M7 Real Estate Ltd Richard Croft Jane Blore	020 3657 5500
Panmure Gordon (UK) Limited	020 7886 2500
Alex Collins
Tom Scrivens
H/Advisors Maitland (Communications Advisor)	07747 113 930 / 020 7379 5151
James Benjamin Rachel Cohen	[e-mail]

The Company's LEI is 213800MPBIJS12Q88F71.

Further information on Alternative Income REIT PLC is available at www.alternativeincomereit.com¹.

¹ Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website or any other website, is incorporated into, or forms part of, this announcement nor, unless previously published on a Regulatory Information Service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

NOTES

Alternative Income REIT PLC aims to generate a sustainable, secure and attractive income return for shareholders from a diversified portfolio of UK property investments, predominately in alternative and specialist sectors. The majority of the assets in the Group's portfolio are let on long leases which contain index linked rent review provisions.

The Company's asset manager is M7 Real Estate Limited ("M7"). M7 is a leading specialist in the pan-European, regional, multi-tenanted real estate market. It has over 230 employees in 14 countries and territories. The team manages over 610 assets with a value of circa €6.9 billion (at 30 September 2023).

 

END