Results of General Meeting

RNS Number : 2027B

Industrials REIT Limited

09 February 2022

 

INDUSTRIALS REIT LIMITED

(Formerly Stenprop Limited)

(Registered in Guernsey with registration number 64865)

LSE share code: MLI  JSE share code: MLI

ISIN:  GG00BFWMR296

("Industrials REIT" or the "Company")

9 February 2022

Results of general meeting

The Industrials REIT general meeting was held earlier today (in terms of the notice of general meeting dispatched to shareholders on Thursday, 20 January 2022). A poll was held on each of the resolutions proposed and the results of the poll are set out below.  Resolutions 1 and 2 were passed as ordinary resolutions and resolution 3 was passed as a special resolution by the requisite majority of shareholders. As a result, migration of the listing of the Company's ordinary shares from a primary listing to a secondary listing on the Main Board of the Johannesburg Stock Exchange will take effect from Friday, 11 February 2022.

Details of the results of voting at the general meeting are as follows:

-  total number of Industrials REIT shares that could have been voted at the general meeting: 290,785,827; and

-  total number of Industrials REIT shares that were voted in person or by proxy at the general meeting: 127,325,322 (being 43.79% of the total number of shares that could have been voted at the meeting).

Ordinary resolutions

Resolution 1: To authorise the Company's migration to a secondary listing on the Johannesburg Stock Exchange with effect from 11 February 2022 (the "JSE Migration").
Shares voted* 127,325,322, being 42.62%	For 127,318,998, being 100.00%	Against 6,324, being 0.00%	Abstentions^ 426,932, being 0.14%
Resolution 2: To authorise the Industrials REIT Limited SAYE Share Option Plan.
Shares voted* 127,325,322, being 42.62%	For 124,260,803, being 97.59%	Against 3,064,519, being 2.41%	Abstentions^ 426,932, being 0.14%
Special resolutions Resolution 3: That the amended articles of incorporation be adopted as the articles of incorporation of the Company in substitution for, and to the exclusion of, the existing articles of incorporation of the Company with effect from completion of the proposed JSE Migration.
Shares voted* 127,180,449, being 42.57%	For 127,174,125, being 100.00%	Against 6,324 being 0.00%	Abstentions^ 571,805, being 0.19%

* shares voted in relation to the total shares in issue, being 298,775,175.

^ in relation to total shares in issue, being 298,775,175.

In accordance with LR 9.6.2 of the Financial Conduct Authority's Listing Rules, copies of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection  at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information:

Industrials REIT Limited   Paul Arenson ([e-mail]) Julian Carey ([e-mail]) James Beaumont ([e-mail])	[phone]
Numis Securities Limited (Financial Adviser) Hugh Jonathan Vicki Paine	[phone]
FTI Consulting (PR Adviser) Richard Sunderland Richard Gotla Neel Bose [e-mail]	[phone]
Java Capital (JSE Sponsor)	[phone]

About Industrials REIT:

Industrials REIT is a UK REIT traded on the London Stock Exchange and the Johannesburg Stock Exchange. The objective of the Company is to deliver sustainable growing income to its investors. Industrials REIT invests in a diversified portfolio of UK multi-let industrial (MLI) properties with the strategic goal of becoming the leading MLI business in the UK. For further information, go to www.industrialsreit.com .

 

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