Result of AGM

Real Estate Credit Investments Ltd

15 September 2023

 

This announcement contains inside information.
Date and time of release: 15 September 2023, immediate release

Real Estate Credit Investments Limited

Result of the Annual General Meeting

The Directors of Real Estate Credit Investments Limited ("RECI" or the "Company"), are pleased to announce the results of voting at the annual general meeting of the Company held at 10:30 AM on Friday, 15 September 2023 at East Wing, Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3PP (the "AGM" or the "Meeting").

The notice of the AGM and proposed agenda and resolutions were circulated to shareholders and announced to the market on 09 August 2023.

Each of the resolutions proposed at the AGM was duly passed.  Voting was conducted by way of a poll on each of the resolutions put to the Meeting.  This is seen as best practice as it gives all shareholders the opportunity to participate in the decision-making of the Company and have their votes recorded even if they are unable to attend the Meeting in person.

Total votes of 97,914,368 were cast at the AGM. The results of the voting are noted as follows:

		In Favour				Discretion				Against			Withheld
Resolution	Votes	%age	Items		Votes	%age	Items		Votes	%age	Items		Votes	Items
1	97,895,873	99.99	82		0	0	0		7,741	0.01	1		10,754	2
2	79,667,218	81.42	79		0	0	0		18,179,696	18.58	8		67,454	5
3	97,851,943	99.97	82		0	0	0		25,871	0.03	3		36,554	4
4	78,945,895	80.66	77		0	0	0		18,925,488	19.34	12		42,985	6
5	79,652,096	81.38	80		0	0	0		18,219,287	18.62	9		42,985	6
6	79,652,096	81.38	80		0	0	0		18,219,287	18.62	9		42,985	6
7	79,652,096	81.38	80		0	0	0		18,219,287	18.62	9		42,985	6
8	96,942,807	99.02	74		0	0	0		960,807	0.98	14		10,754	2
9	97,895,873	99.99	82		0	0	0		7,741	0.01	1		10,754	2
10	97,132,870	99.21	79		0	0	0		770,744	0.79	7		10,754	2
11	97,284,989	99.37	79		0	0	0		618,625	0.63	11		10,754	2

A copy of this announcement will be available on the Company's website and, in accordance with Listing Rule 9.6.2 and Listing Rule 9.6.3, the full text of the resolutions passed at the AGM may be found in the Notice of AGM published on 09 August 2023 available from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

Notes:

1.   Defined terms used in this announcement shall bear the meanings given in the AGM Circular.

2.   Ordinary resolutions are passed if more than 50% of votes are cast in favour of the resolution; special resolutions are passed if more than 75% of votes are cast in favour of the resolution.

3.   The Discretionary votes received were voted in favour of each resolution.

4.   A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "for" and "against" a particular resolution.

  For further information, please contact:

Broker:	Richard Crawley / Edward Mansfield (Liberum Capital)	[phone]
Investment Manager:	Richard Lang (Cheyne)	[phone]

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