Result of AGM

Impact Healthcare REIT PLC

17 May 2023

 

17 May 2023

Impact Healthcare REIT plc

("Impact" or the "Company")

Result of 2023 Annual General Meeting

The Board of Impact Healthcare REIT plc (ticker: IHR), the real estate investment trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes, announces that at the Company's 2023 Annual General Meeting held today, all resolutions proposed at the AGM were voted on and passed by a poll by the Company's shareholders and the results of the poll, including the proxy votes received, are set out below.

Resolutions 1 to 12 (inclusive) were proposed as ordinary resolutions and resolutions 13 to 16 (inclusive) were proposed as special resolutions.

	Resolution	Votes For*	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital	Votes Withheld **
1	Receive the Annual Report and Financial Statements Year 31 December 2022	281,210,111	100.00%	0	0.00%	281,210,111	67.86%	226,521
2	Approve the directors' remuneration report	281,154,070	99.96%	115,981	0.04%	281,270,051	67.88%	166,581
3	Approve the Company's Dividend Policy	281,387,092	100.00%	0	0.00%	281,387,092	67.91%	49,540
4	Re-elect Rosemary Boot as a director	278,046,424	98.81%	3,343,574	1.19%	281,389,998	67.91%	46,634
5	Re-elect Philip Hall as a director	278,055,966	98.81%	3,334,922	1.19%	281,390,888	67.91%	45,744
6	Re-elect Amanda Aldridge as a director	279,416,802	99.30%	1,974,086	0.70%	281,390,888	67.91%	45,744
7	Re-elect Chris Santer as a director	279,425,480	99.30%	1,965,408	0.70%	281,390,888	67.91%	45,744
8	Elect Simon Laffin as a director	281,388,218	100.00%	2,670	0.00%	281,390,888	67.91%	45,744
9	To re-appoint BDO LLP as the Company's auditor	276,383,577	100.00%	5,434	0.00%	276,389,011	66.70%	5,047,621
10	To authorise the board of directors to determine the auditors remuneration	281,388,454	100.00%	2,434	0.00%	281,390,888	67.91%	45,744
11	To authorise the Directors to allot shares under section 551 Companies Act 2006	281,279,879	99.96%	104,277	0.04%	281,384,156	67.91%	48,680
12	Subject to the passing of resolution 11, to authorise the Directors to allot additional shares under section 551 Companies Act 2006	281,251,968	99.95%	138,920	0.05%	281,390,888	67.91%	45,744
13	Subject to the passing of resolution 11, to disapply statutory pre-emption rights under section 570 Companies Act 2006	280,589,017	99.72%	798,935	0.28%	281,387,952	67.91%	48,680
14	Subject to the passing of resolution 12, to disapply statutory pre-emption rights under section 570 Companies Act 2006	274,009,998	97.38%	7,377,954	2.62%	281,387,952	67.91%	48,680
15	To authorise the Company to make market purchase of its own ordinary shares	273,102,300	97.07%	8,240,537	2.93%	281,342,837	67.90%	93,795
16	To permit general meetings to be called on 14 days' notice	274,651,335	97.60%	6,739,553	2.40%	281,390,888	67.91%	45,744

Every shareholder has one vote for every Ordinary Share held. As at close of business on 17 May 2023, the share capital of the Company consisted of 414,368,169 Ordinary Shares with voting rights. The Company does not hold any shares in Treasury.

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.

* Includes discretionary votes.

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

FOR FURTHER INFORMATION, PLEASE CONTACT:

Impact Health Partners LLP Mahesh Patel Andrew Cowley	via Maitland/AMO
JTC (UK) Limited - Company Secretary Susan Fadil	0207 409 0181 [e-mail]
Maitland/AMO (Communications Adviser) James Benjamin	07747 113 930 [e-mail]

The Company's LEI is 213800AX3FHPMJL4IJ53.

NOTES

Impact Healthcare REIT plc acquires, renovates, extends and redevelops high quality healthcare real estate assets in the UK and lets these assets on long-term full repairing and insuring leases to high-quality established healthcare operators which offer good quality care, under leases which provide the Company with attractive levels of rent cover.

The Company aims to provide shareholders with an attractive sustainable return, principally in the form of quarterly income distributions and with the potential for capital and income growth, through exposure to a diversified and resilient portfolio of UK healthcare real estate assets, in particular care homes for the elderly.

The Company has a progressive dividend policy with a target to grow its annual aggregate dividend in line with the inflation-linked rental uplifts received by the Group under the terms of the rent review provisions contained in the Group's leases in the prior financial year.

On this basis, the target total dividend for the year ending 31 December 2023 is 6.77 pence per share⁽³⁾, a 3.53% increase over the 6.54 pence in dividends paid or declared per ordinary share for the year ended 31 December 2022.

The Group's Ordinary Shares were admitted to trading on the main market of the London Stock Exchange, premium segment, on 8 February 2019. The Company is a constituent of the FTSE EPRA/NAREIT index.

(3)       This is a target only and not a profit forecast. There can be no assurance that the target will be met and it should not be taken as an indicator of the Company's expected or actual results.

 

END