Result of AGM

RNS Number : 0505M

Real Estate Credit Investments Ltd

16 September 2021

 

This announcement contains inside information.
Date and time of release: 16 September 2021, immediate release

Real Estate Credit Investments Limited

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 16 September 2021 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 12 August 2021.

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.

Bob Cowdell, the Chairman of RECI, commented:

"We remain grateful to our shareholders for their continuing support of RECI. Their overwhelming mandate for continuation endorses the Board and Cheyne's management of the Company during the challenges presented by the Covid-19 pandemic and our commitment to provide sustainable attractive returns for our shareholders."

Total votes of 106,211,625 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	106,206,625	99.99	88		0	0	0		5,000	0.01	1		0	0
2	106,113,283	99.92	87		0	0	0		87,099	0.08	4		11,243	2
3	106,168,316	99.96	88		0	0	0		43,308	0.04	3		1	1
4	106,183,504	99.97	88		0	0	0		27,317	0.03	2		804	2
5	106,183,504	99.97	88		0	0	0		27,347	0.03	3		774	1
6	106,183,534	99.97	88		0	0	0		27,317	0.03	2		774	1
7	106,183,534	99.97	88		0	0	0		27,317	0.03	2		774	1
8	106,145,099	99.95	88		0	0	0		53,819	0.05	3		12,707	3
9	106,184,308	99.97	88		0	0	0		27,317	0.03	2		0	0
1 0	106,206,625	99.99	88		0	0	0		5,000	0.01	1		0	0
11	100,082,152	94.22	80		1,157	0.01	1		6,128,315	5.77	13		1	1

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 12 August 2021 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 / Darren Vickers (Liberum Capital)	[phone]
Investment Manager:	Richard Lang (Cheyne)	[phone]

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