Result of AGM

RNS Number : 3438Z
Real Estate Credit Investments Ltd
17 September 2020
 

17 September 2020

 

Real Estate Credit Investments Limited (the "Company")

 

Result of the Annual General Meeting

 

The Directors of Real Estate Credit Investments Limited ("RECI" or the "Company"), are pleased to announce the results of voting at the annual general meeting of the Company held at 10:30 AM on Thursday 17 September 2020 at East Wing, Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3PP (the "AGM" or the "Meeting").

The notice of the AGM and proposed agenda and resolutions were circulated to shareholders and announced to the market on 14 August 2020.

Each of the resolutions proposed at the AGM was duly passed.  Voting was conducted by way of a poll on each of the resolutions put to the Meeting.  This is seen as best practice as it gives all shareholders the opportunity to participate in the decision-making of the Company and have their votes recorded even if they are unable to attend the Meeting in person.

Total votes of 104,598,672 were cast at the AGM . The results of the voting are noted as follows:

 

 

 

In Favour

 

 

 

Discretion

 

 

 

Against

 

 

Withheld

 

Resolution

Votes

%age

Items

 

Votes

%age

Items

 

Votes

%age

Items

 

Votes

Items

1

104,561,033

99.98

80

 

0

0

0

 

24,672

0.02

1

 

12,967

2

2

104,545,533

99.98

79

 

0

0

0

 

24,672

0.02

1

 

28,467

3

3

99,785,468

95.41

75

 

0

0

0

 

4,800,237

4.59

7

 

12,967

2

4

104,560,259

99.98

80

 

0

0

0

 

24,672

0.02

1

 

13,741

3

5

103,461,239

98.93

77

 

0

0

0

 

1,123,692

1.07

5

 

13,741

3

6

104,584,932

100. 00

80

 

0

0

0

 

0

0.00

0

 

13,741

3

7

99,302,776

95.06

72

 

0

0

0

 

5,157,477

4.94

9

 

138,419

5

8

104,556,701

99.99

80

 

0

0

0

 

700

0.01

1

 

41,272

3

9

104,566,033

99.98

80

 

0

0

0

 

24,672

0.02

1

 

7,967

2

1 0

81,440,269

86.26

55

 

0

0

0

 

12,971,863

13.74

27

 

10,186,540

11

A copy of this announcement will be available on the Company's website and, in accordance with Listing Rule 9.6.2, the full text of the resolutions passed at the AGM may be found in the Notice of AGM published on 14 August 2020 available from the National Storage Mechanism at   https://data.fca.org.uk/#/nsm/nationalstoragemechanism
 

Notes:

1.  Defined terms used in this announcement shall bear the meanings given in the AGM Circular . 

2.  Ordinary resolutions are passed if more than 50% of votes are cast in favour of the resolution; special resolutions are passed if more than 75% of votes are cast in favour of the resolution.

3.  The Discretionary votes received were voted in favour of each resolution.

4.  A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a particular resolution.

 

 

For further information, please contact:

 

Broker:   Richard Crawley / Richard Bootle (Liberum Capital)  +44 (0) 20 3100 2222

Investment Manager:   Richard Lang (Cheyne Capital)                                         +44 (0) 20 7968 7328

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGSFDFLWESSELU
UK 100