Result of AGM

RNS Number : 3214Y

LXI REIT PLC

05 September 2022

 

LXi REIT plc

(the "Company" or "LXi REIT")

RESULT OF ANNUAL GENERAL MEETING

The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that all of the resolutions put forward at its Annual General Meeting held earlier today were passed. 

The text of all the resolutions can be found in the Notice of Meeting dated 27 July 2022.

The proxy votes received were as follows:-

Ordinary Resolutions	In favour	% In favour	Against	% Against	Withheld
1. To approve the Annual Report and  Accounts to 31 March 2022	959,383,108	99.72	2,652,723	0.28	1,249,829
2. To approve the Directors' Remuneration Report	961,381,188	99.82	1,723,726	0.18	180,746
3. To approve the Company's Dividend Policy	963,268,424	99.99	5,846	0.01	11,390
4. To elect Cyrus Ardalan as a director	958,244,164	99.49	4,917,237	0.51	124,259
5. To elect Hugh Seaborn as a director	962,762,463	99.96	398,938	0.04	124,259
6. To elect Ismat Levin as a director	963,120,355	99.99	44,046	0.01	121,259
7. To re- elect John Cartwright as a director	955,880,420	99.24	7,284,847	0.76	120,393
8. To elect Sandy Gumm as a director	963,109,847	99.99	49,757	0.01	126,056
9. To elect Nick Leslau as a director	962,753,995	99.96	407,406	0.04	124,259
10. To re-appoint BDO LLP as Auditor to the Company	944,234,522	99.94	577,485	0.06	18,473,653
11. To authorise the directors to fix the remuneration of the Auditor	962,048,092	99.88	1,125,312	0.12	112,256
12. To give authority for the Company to allot new shares	962,149,657	99.9	985,902	0.1	150,101
Special Resolutions
13. To allot new shares and/or sell shares from treasury free from pre-emption rights	960,453,556	99.72	2,682,580	0.28	149,524
14. To give authority for the Company to purchase its own shares	949,604,176	98.65	12,961,777	1.35	719,707
15. To allow general meetings (other than the AGM) to be called on 14 clear days' notice	931,723,273	96.74	31,435,915	3.26	126,472

At the time of the above meeting, the Company's issued share capital consisted of 1,714,473,236 ordinary shares. The Company held no shares in treasury.  Therefore, the total number of ordinary shares with voting rights was 1,714,473,236. Each Ordinary Share held entitles the holder to one vote and there are no restrictions on those voting rights. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" a resolution.

In accordance with LR 9.6.2 and LR 9.6.3, copies of the resolutions passed as special business will be submitted to the National Storage Mechanism website and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

5 September 2022

Enquiries

Sanne Fund Services (UK) Limited

Jenny Thompson/ Brian Smith  020 3327 9720

Company Secretary

 

END

 

 

RAGZELFBLKLEBBF