Result of AGM

LondonMetric Property PLC
12 July 2023
 

12 July 2023

LONDONMETRIC PROPERTY PLC

("LondonMetric" or "Company")

RESULT OF AGM

 

LondonMetric Property Plc announces that at its Annual General Meeting held earlier today, Wednesday 12 July 2023, all resolutions that were proposed at the meeting were duly passed with the requisite majority by means of a poll.

 

A copy of resolutions 15 to 20 (as set out in the notice of Annual General Meeting), being the resolutions passed at the Annual General Meeting not concerning ordinary business, is being submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

 

There were 982,968,464 ordinary shares in issue at the close of business on 10 July 2023 (being the total number of shares entitling holders to vote at the Annual General Meeting).

 

All resolutions were decided on a poll and all valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting. The number of votes for and against each of the proposed resolutions put before the Annual General Meeting and the number of votes withheld were as set out below. 

 

 

 

Resolution

For

Votes

% of votes cast*

Against

Votes

% of votes cast*

Withheld

Votes

1

Receive the Annual Report and Accounts

775,966,203

99.99%

22,989

0.01%

942,647

2

Approve the Annual Report on Remuneration

752,125,171

96.86%

24,379,376

3.14%

427,292

3

Resolution withdrawn**

N/A

N/A

N/A

N/A

N/A

4

Reappoint Deloitte LLP as Auditor

772,038,784

99.99%

57,031

0.01%

4,836,024

5

Authorise Auditor's remuneration

776,494,799

99.99%

20,304

0.01%

416,736

6

Re-election of Andrew Jones as a Director

776,120,399

99.95%

389,397

0.05%

422,043

7

Re-election of Martin McGann as a Director

768,626,932

98.99%

7,877,057

1.01%

427,850

8

Re-election of Alistair Elliott as a Director

741,463,678

95.49%

35,040,311

4.51%

427,850

9

Re-election of James Dean as a Director

769,076,136

99.04%

7,427,853

0.96%

427,850

10

Re-election of Andrew Livingston as a Director

750,961,385

97.27%

21,098,225

2.73%

4,872,229

11

Re-election of Suzanne Avery as a Director

749,332,714

96.50%

27,150,447

3.50%

448,678

12

Re-election of Robert Fowlds as a Director

713,841,808

96.32%

27,287,049

3.68%

35,802,982

13

Re-election of Katerina Patmore as a Director

770,093,691

99.17%

6,416,105

0.83%

422,043

14

Election of Suzy Neubert as a Director

776,212,457

99.96%

297,339

0.04%

422,043

15

Authorise Directors to allot shares and equity securities

720,123,139

92.74%

56,391,964

7.26%

416,736

16

Approve the 2023 LTIP

750,631,298

96.67%

25,844,266

3.33%

456,275

17

To disapply Section 561 of the Companies Act 2006 in respect of allotments

759,897,589

97.86%

16,615,970

2.14%

418,280

18

To disapply Section 561 of the Companies Act 2006 in respect of specified allotments

715,423,547

92.13%

61,087,012

7.87%

421,280

19

Authorise the Company to make market purchases of ordinary shares

771,447,248

99.42%

4,469,863

0.58%

1,014,728

20

Authorise the Company to call a general meeting with no less than 14 days' notice

720,168,785

92.74%

56,343,573

7.26%

419,481

 

*              Excluding votes withheld.

**             As announced on 11 July 2023, resolution 3 (relating to the Directors' Remuneration Policy) was, following feedback from shareholders and the proxy voting agencies, withdrawn from the agenda. The Company will undertake a new consultation with shareholders and thereafter seek shareholder approval for a new Directors' Remuneration Policy before 31 March 2024. As a result, the existing Directors' Remuneration Policy, as approved by shareholders at the 2020 AGM, will remain in place and continue to apply.

 

 

-Ends-

 

 

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: +44 (0) 20 7484 9000

 

FTI Consulting

Dido Laurimore / Richard Gotla/Andrew Davis

Tel: +44 (0) 20 3727 1000

 

Notes to editors:

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term. Further information is available at www.londonmetric.com

 

 

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