Result of Annual General Meeting

RNS Number : 0952H

Sirius Real Estate Limited

29 July 2019

 

29 July 2019                                       

Sirius Real Estate Limited

("Sirius Real Estate", "Sirius" or the "Company")

Result of Annual General Meeting

Sirius Real Estate, the leading operator of branded business parks providing conventional space and flexible workspace in Germany, announces that at the Annual General Meeting (the "Meeting") held earlier today all resolutions were duly passed.

The total number of shares on the register at 6pm on 25 July 2019, being those eligible to be voted on at the Meeting, was 1,022,140,875. 

The result of each resolution is shown below:

Resolutions proposed at the Meeting	Votes for resolution as a percentage of total number of shares voted at the Meeting	Votes against resolution as a percentage of total number of shares voted at the Meeting	Number of shares voted at the Meeting	Number of shares voted at the Meeting as a percentage of shares in issue	Number of shares abstained/ withheld as a percentage of shares in issue
Ordinary resolution number 1: To receive and approve the Company's Annual Report to 31 March 2019.	100%	0.00%	691,806,475	67.68%	0.79%
Ordinary resolution number 2: To re-elect Justin Atkinson as a Director.	96.55%	3.45%	691,637,112	67.67%	0.81%
Ordinary resolution number 3: To elect Mark Cherry as a Director.	99.99%	0.01%	692,287,113	67.73%	0.74%
Ordinary resolution number 4: To re-elect Andrew Coombs as a Director.	93.12%	6.88%	689,374,185	67.44%	1.03%
Ordinary resolution number 5: To elect Daniel Kitchen as a Director.	57.58%	42.42%	622,273,379	60.88%	7.59%
Ordinary resolution number 6: To re-elect Alistair Marks as a Director.	99.78%	0.22%	692,385,804	67.74%	0.73%
Ordinary resolution number 7: To re-elect Jill May as a Director.	92.98%	7.02%	689,330,057	67.44%	1.03%
Ordinary resolution number 8: To re-elect James Peggie as a Director.	99.70%	0.30%	692,385,804	67.74%	0.73%
Ordinary resolution number 9: To re-appoint Ernst & Young LLP as auditors.	100.00%	0.00%	692,333,041	67.73%	0.74%
Ordinary resolution number 10: To approve fixing the auditors remuneration.	100.00%	0.00%	692,394,504	67.74%	0.73%
Ordinary resolution number 11: To approve the final dividend declared for the year ended 31 March 2019	100.00%	0.00%	692,394,504	67.74%	0.73%
Ordinary resolution number 12 (non-binding): To approve the Company's Remuneration Policy	69.20%	30.80%	692,199,874	67.72%	0.75%
Ordinary resolution number 13 (non-binding): To approve the Implementation Report on the Company's Remuneration Policy	83.46%	16.54%	701,199,875	68.60%	0.75%
Ordinary resolution number 14: To approve scrip dividend scheme for the financial year ended 31 March 2020.	100.00%	0.00%	692,394,504	67.74%	0.73%
Ordinary resolution number 15: To authorise the Directors generally and unconditionally to allot equity securities.	75.04%	24.96%	692,394,504	67.74%	0.73%
Special resolution number 16: To authorise the Directors to issue or sell from treasury shares equal to up to five per cent. (5%) of issued share capital as if pre-emption rights did not apply.	96.38%	3.62%	642,646,827	62.87%	5.60%
Special resolution number 17: To authorise the Directors to issue or sell from treasury shares equal an additional five per cent. (5%) of issued share capital as if pre-emption rights did not apply solely for acquisitions or other capital investments.	91.58%	8.42%	642,602,709	62.87%	5.60%
Special resolution number 18: To authorise the Company to purchase its own ordinary shares.	97.17%	2.83%	642,493,405	62.86%	5.61%

In accordance with paragraph 4 of Section 1 of the UK Corporate Governance Code (the "UK Code"), the company notes the votes cast against Resolutions 5, 12 and 15 were greater than 20% of those exercised in total by the Company's shareholders.  The Board has been engaging with shareholders and proxy agencies in the lead up to the Meeting and has a good understanding of the concerns of some of our major shareholders.   It is, however, the intention to extend the consultation process and report to shareholders in line with the requirements of the UK Code.

Similarly, the JSE Listings Requirements require that, as the non-binding advisory vote on the Remuneration policy of the Company, was voted against by 25% or more of the votes exercised by the Company's shareholders, the Company extends an invitation to shareholders to engage with the Company. Should shareholders wish to contact the Company with any concerns, they are requested to send their concerns in writing to the Company Secretary at [e-mail], by not later than close of business on Monday, 12 August 2019. Sirius will address those concerns in its consultation process identified above.

The full text of the resolutions can be found in the Investor Relations section of the Company website, under 'Reports and documents', and is available for inspection here https://www.sirius-real-estate.com/investors/results-presentations-notices/.

For further information:

Sirius Real Estate Andrew Coombs, CEO Alistair Marks, CFO	[phone]
Tavistock (financial PR) Jeremy Carey James Verstringhe Charlotte Dale	[phone]

LEI: 213800NURUF5W8QSK566

JSE Sponsor

PSG Capital

 

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