Result of AGM

RNS Number : 2709G

Regional REIT Limited

25 May 2017

 

25 May 2017

REGIONAL REIT LIMITED (the "Company")

Result of Annual General Meeting

The Company is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a show of hands.

Resolutions 1 to 9 were passed as ordinary resolutions. Resolutions 10 and 11 were passed as extraordinary resolutions, as set out below:

Resolution 10 (extraordinary resolution): That the Directors be generally authorised to issue, allot and/or sell equity securities for cash, as if pre-emption rights attached to such shares did not apply to such allotment, issue and/or sale of such shares.

Resolution 11 (extraordinary resolution): That the Directors be authorised in addition to any authority granted under resolution 10 to allot, issue and/or sell equity securities for cash as if the pre-emption rights attached to such shares did not apply to any such allotment, issue and/or sale of such shares for the purposes of acquisitions or capital investments.

The proxy votes received in relation to these resolutions were as follows:

Resolutions
	For	%	Against	%	Withheld
Resolution 1	154,025,451	99.99	3,600	0.01	429
Resolution 2	153,971,934	99.96	57,117	0.04	429
Resolution 3	153,971,934	99.96	57,117	0.04	429
Resolution 4	154,023,951	99.99	3,600	0.01	1,929
Resolution 5	154,023,951	99.99	3,600	0.01	1,929
Resolution 6	154,023,951	99.99	3,600	0.01	1,929
Resolution 7	154,023,951	99.99	3,600	0.01	1,929
Resolution 8	154,023,951	99.99	3,600	0.01	1,929
Resolution 9	153,907,104	99.99	1,980	0.01	52,446
Resolution 10	151,101,977	98.10	2,927,074	1.90	429
Resolution 11	151,101,977	98.10	2,927,074	1.90	429

Notes:

1.   Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.

2.   A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.

The full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.regionalreit.com and on the National Storage Mechanism.

A copy of the resolutions passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.

For further information please contact:

Capita Company Secretarial Services Limited

Company Secretary

Tel: [phone]

Enquiries:

Regional REIT Limited
Press enquiries through Headland PR
Toscafund Asset Management LLP	Tel: [phone]
Investment Manager to the Group
James S Johnson, Investor Relations, Regional REIT Limited
London & Scottish Investments Limited	Tel: [phone]
Asset Manager to the Group
Stephen Inglis
Headland PR Consultancy LLP	Tel: [phone]
Financial PR
Francesca Tuckett

About Regional REIT

Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway.

Regional REIT is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed by the combination of two existing funds previously created by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to Shareholders and with a strong focus on income.

The Group's investment portfolio, as at 31 December 2016, was spread across 123 regional properties, 941 units and 717 tenants. As at 31 December 2016, the investment portfolio had a value of £502.4m and a net initial yield of 6.7%. The weighted average unexpired lease term to first break was 3.6 years.

The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.

ESMA Legal Entity Identifier ("LEI"): (549300D8G4NKlRIKBX73)

Cautionary Statement

This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.

 

END

 

 

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