Result of Meeting

RNS Number : 8647S

Ground Rents Income Fund PLC

08 November 2019

 

GROUND RENTS INCOME FUND PLC ("GRIO" OR THE "COMPANY")

Result of Warrantholder Meeting and General Meeting

The Company announces that the Special Resolutions put to the Warrantholders at the Warrantholder Meeting and Shareholders at the General Meeting, each of which took place today at 10.00 am and 10.30 am respectively, were passed. 

A summary of the votes lodged by proxy at the Warrantholder Meeting is as follows:

Resolution	For (see note 1)		Against (see note 1)		Number of votes withheld (see note 2)	Total votes cast
	Number of votes	%	Number of votes	%
The authorisation of the distribution of capital reserves arising as a result of the proposed capital reduction	1,229,849	89.69	141,378	10.31	0	1,371,227

A summary of the votes lodged by proxy at the General Meeting is as follows:

Resolution	For (see note 1)		Against (see note 1)		Number of votes withheld (see note 2)	Total votes cast
	Number of votes	%	Number of votes	%
The release of  claims against shareholders, directors and former directors in respect of certain historic distributions	33,362,560	99.83	56,001	0.17	25,819	33,418,561
The cancellation of the share premium account	33,368,329	99.83	56,001	0.17	20,050	33,424,330

Notes:

1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.

3. The total number of issued warrants at 10.00am on 8 November 2019 was 4,423,876.  31% of voting capital was instructed. The total number of ordinary shares in issue at 10.30am on 8 November 2019 was 97,006,497 ordinary shares. 34.45% of voting capital was instructed.  

A copy of the resolutions passed at today's General Meeting and Warrantholder Meeting is available for viewing online at: www.groundrentsincomefund.com 

8 November 2019

FOR FURTHER INFORMATION CONTACT:

Schroder Real Estate Investment Management Limited

James Agar / Matthew Riley

020 7658 6000

N+1 Singer (Broker)

James Maxwell / Ben Farrow

020 7496 3000

Tavistock (Media)

James Whitmore / Jeremy Carey

020 7920 3150

Appleby Securities (Channel Islands) Limited (Sponsor)

Andrew Weaver

01534 888777

 

END

 

 

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