KCR Residential REIT PLC Notice of AGM and Board Change (4908B)
08 Ottobre 2020 - 10:00AM
UK Regulatory
TIDMKCR
RNS Number : 4908B
KCR Residential REIT PLC
08 October 2020
8 October 2020
KCR Residential REIT plc
("KCR" or the "Company")
Notice of AGM and Board Change
KCR Residential REIT plc announces that it is sending to
shareholders notice of its annual general meeting, which will be
held at 10:00 a.m. on 3 November 2020 at Scott House, Waterloo,
London SE1 7LY. Copies of the meeting documents will be available
on the Company's website, www.kcrreit.com .
In light of the ongoing COVID-19 pandemic and the UK
Government's current compulsory measures restricting public
gatherings, the AGM will be conducted as a closed meeting with the
minimum necessary quorum of two shareholders. It is currently
envisaged that anyone seeking to attend the meeting will have to be
refused entry and therefore shareholders are encouraged to submit
their vote by proxy, appointing the Chairman of the meeting as
their proxy, in lieu of attending the AGM. The Board will continue
to monitor the situation and may, if necessary, need to make
further changes to the arrangements for the AGM, including how it
is conducted. Shareholders should therefore continue to monitor the
Group's website and announcements.
The Company also announces that its Chairman Michael Davies has
decided to step down at this AGM and will therefore be resigning
from the board at the conclusion of the meeting. We thank Michael
for his commitment to the Company over the last five years.
James Thornton, currently an independent non executive director
of KCR, will become the Non Executive Chairman of the board. KCR
believes that a reduced board of four members is appropriate for a
busines of its size and is in line with its efforts to reduce
operating costs, assisting with its drive to profitability. As a
result of these changes, the Company will only have one Independent
Non-Executive Director. The Company acknowledges the
recommendations of the QCA Corporate Governance Code, which it has
adopted, and it is intended at the appropriate time to seek
appointment of a further Independent Non-Executive Director.
Contacts:
KCR Residential REIT plc info@kcrreit.com
Dominic White, Chief Executive +44 20 3793 5236
Arden Partners plc
Richard Johnson
Benjamin Cryer +44 20 7614 5900
Notes to Editors:
KCR's objective is to build a substantial residential property
portfolio that generates secure income flow for shareholders. The
Directors intend that the group will acquire, develop and manage
residential property assets in a number of jurisdictions including
the UK.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NOAMPBFTMTTMMTM
(END) Dow Jones Newswires
October 08, 2020 04:00 ET (08:00 GMT)
Grafico Azioni Kcr Residential Reit (LSE:KCR)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Kcr Residential Reit (LSE:KCR)
Storico
Da Apr 2023 a Apr 2024