Result of Annual General Meeting

RNS Number : 7350N

Triple Point Social Housing REIT

11 May 2018

 

11 May 2018

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

RESULT OF ANNUAL GENERAL MEETING

The Board of Triple Point Social Housing REIT plc (ticker: SOHO) is pleased to announce that at the Company's Annual General Meeting held yesterday, all resolutions were passed on a show of hands.

Resolutions 1 to 11 (inclusive) were proposed as ordinary resolutions and resolutions 12 to 15 (inclusive) were proposed as special resolutions. The proxy votes received prior to the meeting were as follows:

Resolution		Votes For	%	Discretionary Votes	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital	Votes Withheld*
1	To receive and adopt the Annual Report and accounts of the Company for the year ended 31 December 2017	82,818,432	94.31	5,000,000	5.69	0	0.00	87,818,432	43.91	0
2	To approve the Directors' Remuneration Policy	82,409,672	93.84	5,000,000	5.69	408,760	0.47	87,818,432	43.91	0
3	To approve the Directors' Remuneration Report	58,240,574	91.50	5,000,000	7.86	408,760	0.64	63,649,334	31.82	24,169,098
4	To elect Christopher Phillips as a Director of the Company	82,818,432	94.31	5,000,000	5.69	0	0.00	87,818,432	43.91	0
5	To elect Ian Reeves CBE as a Director of the Company	82,818,432	94.31	5,000,000	5.69	0	0.00	87,818,432	43.91	0
6	To elect Peter Coward as a Director of the Company	82,818,432	94.31	5,000,000	5.69	0	0.00	87,818,432	43.91	0
7	To elect Paul Oliver as a Director of the Company	82,818,432	94.31	5,000,000	5.69	0	0.00	87,818,432	43.91	0
8	To appoint BDO LLP as Auditors of the Company	62,736,939	92.62	5,000,000	7.38	0	0.00	67,736,939	33.87	20,081,493
9	To authorise the Audit Committee to determine the Auditors' remuneration	82,818,432	94.31	5,000,000	5.69	0	0.00	87,818,432	43.91	0
10	To authorise the Directors to allot shares	82,818,432	94.31	5,000,000	5.69	0	0.00	87,818,432	43.91	0
11	To authorise the Directors to declare and pay all dividends of the Company as interim dividends	82,818,432	94.31	5,000,000	5.69	0	0.00	87,818,432	43.91	0
12	To dis-apply statutory pre-emption rights up to 5%	82,817,432	94.31	5,000,000	5.69	1,000	0.00	87,818,432	43.91	0
13	To dis-apply pre-emption rights up to a further 5% in connection with an acquisition or specified capital investment	82,817,432	94.31	5,000,000	5.69	1,000	0.00	87,818,432	43.91	0
14	To authorise the Company to purchase its own shares	82,818,432	94.31	5,000,000	5.69	0	0.00	87,818,432	43.91	0
15	To authorise the calling of general meeting, other than an annual general meeting, on not less than 14 clear days' notice	82,591,832	94.05	5,000,000	5.69	226,600	0.26	87,818,432	43.91	0

* A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

Every shareholder has one vote for every Ordinary Share held. As at 10 May 2018, the share capital of the Company consisted of 200,000,000 Ordinary Shares with voting rights and 47,500,000 convertible, non-voting preference C Shares.  The Company does not hold any shares in Treasury.

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 1 March 2018, a copy of which is available on the Company's website at https://www.triplepointreit.com/investors/72/

In accordance with Listing Rule 96.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/nsm

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

Triple Point Investment Management LLP (Delegated Investment Manager)	(via Newgate below)
James Cranmer
Ben Beaton
Max Shenkman
Akur Limited (Joint Financial Adviser)	Tel: [phone]
Tom Frost
Anthony Richardson
Siobhan Sergeant
Canaccord Genuity Limited (Joint Financial Adviser and Sole Global Coordinator and Bookrunner)	Tel: [phone]
Lucy Lewis
Denis Flanagan
Andrew Zychowski
Newgate (PR Adviser)	Tel: [phone]
James Benjamin	Em: [e-mail]
Anna Geffert
Patrick Hanrahan
Leena Patel
Langham Hall UK Services LLP (Company Secretary)	Em: [e-mail]

The Company's LEI is 213800BERVBS2HFTBC58.

Further information on the Company can be found on its website at www.triplepointreit.com.

NOTES:

The Company invests in social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-adjusted, long-term (typically from 20 years to 30 years), Fully Repairing and Insuring ("FRI") leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development.

There is increasing political and financial pressure on Housing Associations to increase their housing delivery and this is creating opportunities for private sector investors to participate in the market. The Group's ability to provide forward financing for new developments not only enables the Company to secure fit for purpose, modern assets for its portfolio but also addresses the chronic undersupply of suitable supported housing properties in the UK at sustainable rents and delivering returns to investors.

Triple Point Investment Management LLP (part of the Triple Point Group) is responsible for management of the Group's portfolio (with such functions having been delegated to it by Langham Hall Fund Management LLP, the Company's alternative investment fund manager).

The Company was admitted to trading on the Main Market of the London Stock Exchange on 8 August 2017 and operates as a UK Real Estate Investment Trust.

 

END

 

 

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