Result of AGM

RNS Number : 4825U

Ground Rents Income Fund PLC

18 January 2017

 

18 January 2017

Ground Rents Income Fund plc (the "Company")

Result of AGM

The Company announces that, at the Annual General Meeting of the Company held at 11.00 a.m. today, Ordinary resolutions (numbers 1 - 5) and Special resolutions (number 6 and 7) put to shareholders were passed.

A summary of the votes lodged by proxy is as follows:

Resolution		For (see note 1)		Against (see note 1)		Number of votes withheld (see note 2)	Total votes cast
		Number of votes	%	Number of votes	%
1	To receive the Annual Report and Accounts	42,923,033	100.0	-	-	-	42,923,033
2	To re-elect Paul Craig	41,727,583	97.2	1,194,450	2.8	1,000	42,922,033
3	To reappoint PwC as auditors	42,922,033	100.0	-	-	1,000	42,922,033
4	To approve the auditor's remuneration	42,922,033	100.0	-	-	1,000	42,922,033
5	To authorise the directors to allot ordinary shares	42,923,033	100.0	-	-	-	42,923,033
6*	To disapply pre-emption rights	34,388,475	80.1	8,533,558	19.9	1,000	42,922,033
7*	To authorise the Company to make market purchases	42,779,116	99.9	1,000	0.01	142,917	42,780,116

*Special resolution

Notes:

1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes received.

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

3. Total number of ordinary shares in issue at 11.00 a.m. on 18 January 2017 was 93,402,011 ordinary shares. 46.0% of voting capital was instructed.

A copy of the resolutions passed at today's AGM is available for viewing online at: http://www.groundrentsincomefund.com/.

FOR FURTHER INFORMATION CONTACT:

Ground Rents Income Fund plc
Simon Wombwell (Director)	[phone]
Brooks Macdonald Funds Limited
James Agar (Director)	[phone]
N+1 Singer (Broker)
James Maxwell / Liz Yong	[phone]
Tavistock (Media)
Jeremy Carey / James Whitmore	[phone]
Appleby Securities (Channel Islands) Limited (Sponsor)
Kate Storey / Danielle Machon	[phone]

 

END

 

 

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