Result of General Meeting

Home REIT PLC

05 December 2024

 

5 December 2024

HOME REIT plc

(the "Company")

RESULT OF GENERAL MEETING

The Company announces the results of the resolutions proposed at today's General Meeting.

Each of the resolutions proposed were voted on by way of a poll. Resolution 1, which was a non-binding advisory vote, was not approved by shareholders. Resolution 2, which was also a non-binding advisory vote, was approved by shareholders.

The results of the poll were as follows:

Resolution	In favour		Against		Votes withheld	% of Issued Share Capital voted
	Number of votes	Percentage	Number of votes	Percentage
1.To receive the Company's Annual Report and Accounts for the year ended 31 August 2022, together with the reports of the Directors and Auditor thereon	196,861,578	45.25%	238,233,187	54.75%	102,787,803	55.04%
2. To approve the Directors' Remuneration Report included in the Annual Report for the year ended 31 August 2022	472,949,024	87.94%	64,833,524	12.06%	100,200	68.02%

Votes withheld are not a vote in law and have not been counted in the calculation of the votes for and against the resolution, the total votes validly cast or the calculation of the proportion of issued share capital voted. 

On the record date for voting at the meeting, the Company's issued share capital consisted of 790,570,465 ordinary shares of £0.01 nominal value each, carrying one vote each. The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company was 790,570,465.

The Board of the Company recognises that a majority of the shareholders voted against the resolution to receive the Company's annual report and accounts for the year ended 31 August 2022 and also notes that a shareholder advisory consultancy (ISS) recommended that shareholders vote against the resolution, due to the delay in publishing, and qualified nature of, the accounts. The Board understands and shares shareholders' frustrations regarding the delays experienced in publishing the Company's outstanding annual and interim accounts. In accordance with the AIC Corporate Governance Code, the Company intends to consult further with relevant shareholders to understand the reasons behind the result, beyond discussions that have already taken place prior to the General Meeting and intends to provide an update within six months of the date of the General Meeting.

FOR FURTHER INFORMATION, PLEASE CONTACT:

FTI Consulting (Communications Adviser)                                                                     [e-mail]

Dido Laurimore                                                                                                                   [phone]

​Bryn Woodward

Oliver Harrison

The Company's LEI is: 213800A53AOVH3FCGG44.

For more information, please visit the Company's website: www.homereituk.com

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