Result of AGM

RNS Number : 5516E

Empiric Student Property PLC

04 November 2015

 

4 November 2015

Empiric Student Property plc

("Empiric" or the "Company" or, together with its subsidiaries, the "Group")

Result of AGM

The Board of Empiric Student Property plc (ticker: ESP) announces that at the Company's Annual General Meeting, held earlier today, all resolutions were duly passed on a show of hands.

In accordance with Listing Rule 9.6.2(R), a copy of the resolutions passed at the Annual General Meeting will be submitted to the National Storage Mechanism and will be available for inspection at www.morningstar.co.uk/uk/NSM.

As at the date of the meeting, there were 385,000,001 ordinary shares with voting rights in issue. Proxies were received by the Company from shareholders before the meeting, as follows:

RESOLUTION	FOR		AGAINST		WITHHELD
	VOTES	% OF VOTES CAST*	VOTES	% OF VOTES CAST*	VOTES
1.     To receive the Company's Annual Report and Accounts for the financial period ended 30 June 2015, which include the Directors' Report and the Auditors' Report	144,527,534	100.00%	0	0.00%	0
2.     To approve the Directors' Remuneration Policy	111,167,452	76.92%	33,356,282	23.08%	3,800
3.        To approve the Directors' Remuneration Report	130,280,007	90.14%	14,243,727	9.86%	3,800
4.        To re-appoint BDO LLP as Auditors of the Company	139,986,789	96.86%	4,538,804	3.14%	1,941
5.        To authorise the Directors to determine the remuneration of the Auditor	144,524,734	100.00%	0	0.00%	2,800
6.        To elect Paul Hadaway as a Director of the Company	139,922,786	96.82%	4,597,473	3.18%	7,275
7.        To elect Timothy Attlee as a Director of the Company	142,256,566	98.43%	2,263,693	1.57%	7,275
8.        To elect Michael Enright as a Director of the Company	142,256,566	98.43%	2,263,693	1.57%	7,275
9.        To elect Baroness Dean as a Director of the Company	144,471,442	99.97%	48,817	0.03%	7,275
10.     To elect Jim Prower as a Director of the Company	144,465,612	99.96%	54,647	0.04%	7,275
11.     To elect Alexandra Mackesy as a Director of the Company	144,520,259	100.00%	0	0.00%	7,275
12.     To elect Stephen Alston as a Director of the Company	97,031,369	67.14%	47,488,890	32.86%	7,275
13.     To authorise the Directors to allot shares under section 551 of the Companies Act 2006	140,676,659	97.34%	3,848,075	2.66%	2,800
14.     Special resolution - subject to the passing of Resolution 13, the Directors shall have the power to allot equity securities (within the meaning of section 560 of the Act)	144,506,429	99.99%	18,305	0.01%	2,800
15.   Special resolution -authorise the Company to make market purchases of own Shares	144,524,734	100.00%	0	0.00%	2,800
16.   Special resolution -authorise the Company's Share Option Plan	144,105,540	99.72%	406,719	0.28%	15,275
17.     Special resolution -authorise that general meeting of the Company other than an Annual General Meeting may be called on not less than 14 clear days' notice	139,933,271	96.82%	4,591,463	3.18%	2,800

* Excludes votes withheld

The Board notes the higher than expected votes against resolution 12 and intends to engage directly with shareholders to understand the reasons behind the vote result.

For further information on the Company, please contact:

Empiric Student Property plc	(via Newgate below)
Paul Hadaway (Chief Executive)
Tim Attlee (Chief Investment Officer)
Michael Enright (Chief Financial Officer)
Akur Limited (Joint Financial Adviser)	Tel: [phone]
Tom Frost
Anthony Richardson
Siobhan Sergeant
Jefferies International Limited (Joint Financial Adviser and Broker)	Tel: [phone]
Gary Gould
Stuart Klein
Newgate (PR Adviser)	Tel: [phone]
James Benjamin	Em: [e-mail]
Alex Shilov

Further information on Empiric can be found on the Company's website at www.empiric.co.uk.

Notes:

Empiric Student Property plc (incorporated in England & Wales) is an internally managed real estate investment trust ("REIT") investing in modern, direct-let, premium, student accommodation, both standing and development assets, with a focus on quality and with assets generally in prime central locations in top university cities and towns in the UK. The Company listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.

 

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