Result of AGM

LondonMetric Property PLC

12 July 2023

 

12 July 2023

LONDONMETRIC PROPERTY PLC

("LondonMetric" or "Company")

RESULT OF AGM

LondonMetric Property Plc announces that at its Annual General Meeting held earlier today, Wednesday 12 July 2023, all resolutions that were proposed at the meeting were duly passed with the requisite majority by means of a poll.

A copy of resolutions 15 to 20 (as set out in the notice of Annual General Meeting), being the resolutions passed at the Annual General Meeting not concerning ordinary business, is being submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

There were 982,968,464 ordinary shares in issue at the close of business on 10 July 2023 (being the total number of shares entitling holders to vote at the Annual General Meeting).

All resolutions were decided on a poll and all valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting. The number of votes for and against each of the proposed resolutions put before the Annual General Meeting and the number of votes withheld were as set out below. 

	Resolution	For Votes	% of votes cast*	Against Votes	% of votes cast*	Withheld Votes
1	Receive the Annual Report and Accounts	775,966,203	99.99%	22,989	0.01%	942,647
2	Approve the Annual Report on Remuneration	752,125,171	96.86%	24,379,376	3.14%	427,292
3	Resolution withdrawn**	N/A	N/A	N/A	N/A	N/A
4	Reappoint Deloitte LLP as Auditor	772,038,784	99.99%	57,031	0.01%	4,836,024
5	Authorise Auditor's remuneration	776,494,799	99.99%	20,304	0.01%	416,736
6	Re-election of Andrew Jones as a Director	776,120,399	99.95%	389,397	0.05%	422,043
7	Re-election of Martin McGann as a Director	768,626,932	98.99%	7,877,057	1.01%	427,850
8	Re-election of Alistair Elliott as a Director	741,463,678	95.49%	35,040,311	4.51%	427,850
9	Re-election of James Dean as a Director	769,076,136	99.04%	7,427,853	0.96%	427,850
10	Re-election of Andrew Livingston as a Director	750,961,385	97.27%	21,098,225	2.73%	4,872,229
11	Re-election of Suzanne Avery as a Director	749,332,714	96.50%	27,150,447	3.50%	448,678
12	Re-election of Robert Fowlds as a Director	713,841,808	96.32%	27,287,049	3.68%	35,802,982
13	Re-election of Katerina Patmore as a Director	770,093,691	99.17%	6,416,105	0.83%	422,043
14	Election of Suzy Neubert as a Director	776,212,457	99.96%	297,339	0.04%	422,043
15	Authorise Directors to allot shares and equity securities	720,123,139	92.74%	56,391,964	7.26%	416,736
16	Approve the 2023 LTIP	750,631,298	96.67%	25,844,266	3.33%	456,275
17	To disapply Section 561 of the Companies Act 2006 in respect of allotments	759,897,589	97.86%	16,615,970	2.14%	418,280
18	To disapply Section 561 of the Companies Act 2006 in respect of specified allotments	715,423,547	92.13%	61,087,012	7.87%	421,280
19	Authorise the Company to make market purchases of ordinary shares	771,447,248	99.42%	4,469,863	0.58%	1,014,728
20	Authorise the Company to call a general meeting with no less than 14 days' notice	720,168,785	92.74%	56,343,573	7.26%	419,481

*              Excluding votes withheld.

**             As announced on 11 July 2023, resolution 3 (relating to the Directors' Remuneration Policy) was, following feedback from shareholders and the proxy voting agencies, withdrawn from the agenda. The Company will undertake a new consultation with shareholders and thereafter seek shareholder approval for a new Directors' Remuneration Policy before 31 March 2024. As a result, the existing Directors' Remuneration Policy, as approved by shareholders at the 2020 AGM, will remain in place and continue to apply.

-Ends-

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: [phone]

FTI Consulting

Dido Laurimore / Richard Gotla/Andrew Davis

Tel: [phone]

Notes to editors:

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term. Further information is available at www.londonmetric.com

 

END