Result of AGM

Alternative Income REIT PLC

12 November 2024

 

12 November 2024

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 2024	28,662,078	99.97	7,225	0.03	28,669,303	35.61	37,794
2	To approve the Directors' Remuneration Report	28,253,883	98.73	364,766	1.27	28,618,649	35.55	88,448
3	To re-elect Simon Bennett as a director	28,573,746	99.73	77,557	0.27	28,651,303	35.59	55,794
4	To re-elect Stephanie Eastment as a director	28,606,746	99.84	44,557	0.16	28,651,303	35.59	55,794
5	To re-elect Adam Smith as a director	27,825,746	97.12	825,557	2.88	28,651,303	35.59	55,794
6	To re-appoint Moore Kingston Smith LLP as independent auditor of the Company	28,608,964	99.84	46,177	0.16	28,655,141	35.60	51,956
7	To authorise the Audit Committee to determine the auditor's remuneration	28,659,653	99.97	9,650	0.03	28,669,303	35.61	37,794
8	To approve the Company's dividend policy	28,657,453	99.95	13,259	0.05	28,670,712	35.62	36,385
9	To authorise the directors to allot shares	28,543,663	99.60	113,224	0.40	28,656,887	35.60	50,210
10	To approve the new investment policy of the Company	28,347,773	98.99	290,114	1.01	28,637,887	35.58	69,210
11	To authorise the disapplication of pre-emption rights up to 10%	28,288,256	98.75	359,186	1.25	28,647,442	35.59	59,655
12	To authorise the disapplication of pre-emption rights up to a further 10% in connection with an acquisition or specified capital investments	28,378,726	99.09	261,716	0.91	28,640,442	35.58	66,655
13	To authorise the Company to purchase its own shares	28,351,600	98.92	308,112	1.08	28,659,712	35.60	47,385
14	To authorise the calling of general meetings, other than an annual general meeting, on not less than 14 clear days' notice	28,047,801	97.87	610,502	2.13	28,658,303	35.60	48,794

* 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 12 November 2024, 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 8 October 2024, a copy of which is available on the Company's website at https://www.alternativeincomereit.com/investors/reporting-centre/

In accordance with Listing Rule 6.4.2 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 - Chair	via H/Advisors Maitland below
Martley Capital Real Estate Investment Management Ltd Richard Croft Jane Blore	020 4551 1240
Panmure Liberum Limited	020 3100 2000
Alex Collins
Tom Scrivens
H/Advisors Maitland (Communications Advisor)	07747 113 930 / 020 7379 5151
James Benjamin Rachel Cohen Billy Moran	[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 Martley Capital Real Estate Investment Management Limited ("Martley Capital"). Martley Capital is a full-service real estate investment management platform whose activities cover real estate investing, lending, asset management and fund management. It has over 40 employees across five offices in the UK and Europe. The team manages assets with a value of circa £900m across 19 mandates (at 30 September 2024).

 

END