Result of Annual General Meeting

LXI REIT PLC

07 September 2023

 

LXi REIT plc

(the "Company" or "LXi REIT")

RESULT OF ANNUAL GENERAL MEETING

The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that all of the resolutions put forward at its Annual General Meeting held earlier today were passed. 

The text of all the resolutions can be found in the Notice of Meeting dated 6 July 2023.

The proxy votes received were as follows:-

Ordinary Resolutions	In favour	% In favour	Against	% Against	Withheld
1. To approve the Annual Report and Accounts to 31 March 2023	1,109,537,186	99.92	855,916	0.08	909,580
2. To approve the Directors' Remuneration Report	1,109,807,173	99.88	1,291,498	0.12	204,011
3. To approve the Company's Dividend Policy	1,111,230,839	99.99	55,062	0.01	16,781
4. To re-elect Cyrus Ardalan as a director	987,134,764	93.57	67,812,067	6.43	56,355,851
5. To re-elect Hugh Seaborn as a director	960,322,571	86.87	145,169,812	13.13	5,810,299
6. To re-elect Ismat Levin as a director	1,103,435,682	99.3	7,780,281	0.7	86,719
7. To re-elect John Cartwright as a director	1,068,855,216	96.19	42,365,747	3.81	81,719
8. To re-elect Sandy Gumm as a director	1,085,132,396	97.65	26,083,567	2.35	86,719
9. To re-elect Nick Leslau as a director	1,080,071,605	97.2	31,164,652	2.8	66,425
10. To re-appoint BDO LLP as Auditor to the Company	1,110,308,169	99.92	939,952	0.08	54,561
11. To authorise the directors to fix the remuneration of the Auditor	1,110,364,935	99.92	916,267	0.08	21,480
12. To give authority for the Company to allot new shares	1,110,485,818	99.93	766,250	0.07	50,614
Special Resolutions
13. To allot new shares and/or sell shares from treasury free from pre-emption rights	1,105,059,266	99.44	6,180,540	0.56	62,876
14. To give authority for the Company to purchase its own shares	1,082,902,501	97.59	26,797,256	2.41	1,602,925
15. To allow general meetings (other than the AGM) to be called on 14 clear days' notice	1,078,100,805	97.01	33,186,986	2.99	14,891
16. To cancel the share premium account	1,111,118,505	99.99	109,491	0.01	74,686
17. That the appropriation of distributable profits of the Company to the payment of interim dividends be authorised	1,111,039,721	99.99	161,365	0.01	101,596

At the time of the above meeting, the Company's issued share capital consisted of 1,714,473,236 ordinary shares. The Company held no shares in treasury.  Therefore, the total number of ordinary shares with voting rights was 1,714,473,236. Each Ordinary Share held entitles the holder to one vote and there are no restrictions on those voting rights. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" a resolution.

In accordance with LR 9.6.2 and LR 9.6.3, copies of the resolutions passed as special business will be submitted to the National Storage Mechanism website and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

7 September 2023

Enquiries

LDC Nominee Secretary Limited

Nicola Lambourne 

Company Secretary

 

END