Schroder Real Estate Investment
Trust Limited
(an authorised closed ended company incorporated in
Guernsey with registration number 41959)
LEI Number: 549300ZIJJTMTIIQJP67
(The
“Company”)
25 September
2020
RESULT OF ANNUAL
GENERAL MEETING
At the Annual General Meeting of the Company held on
25 September 2020, all Resolutions
set out in the Annual General Meeting Notice sent to Shareholders
dated 8 June 2020 were duly
passed.
Details of the proxy voting results which should be read along
side the Notice are noted below:
Ordinary
Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
1 |
215,049,468 |
144 |
257,183 |
353,748 |
2 |
214,923,442 |
144 |
736,957 |
0 |
3 |
214,285,660 |
144 |
969,739 |
405,000 |
4 |
214,951,165 |
144 |
304,234 |
405,000 |
5 |
214,951,165 |
144 |
304,234 |
405,000 |
6 |
214,951,165 |
144 |
304,234 |
405,000 |
7 |
214,946,404 |
144 |
544,095 |
169,900 |
8 |
214,946,126 |
144 |
707,273 |
7,000 |
9 |
215,391,881 |
144 |
257,183 |
11,335 |
Special Resolution |
For |
Discretion
(voted in favour) |
Against |
Abstain |
1 |
215,184,941 |
144 |
394,679 |
80,779 |
2 |
201,849,626 |
33,872 |
13,777,044 |
0 |
Note - A vote withheld is not a vote in law
and has not been counted in the votes for and against a
resolution.
The Special Resolutions were as follows:
Special Resolution 1
That the Company be authorised, in accordance with section 315
of The Companies (Guernsey) Law, 2008, as amended (the ‘Companies
Law’), to make market acquisitions (within the meaning of section
316 of the Companies Law) of ordinary shares in the capital of the
Company (‘Ordinary Shares’), provided that:
a. the maximum number of ordinary shares
hereby authorised to be purchased shall be 14.99% of the issued
ordinary shares on the date on which this resolution is passed;
b. the minimum price which may be paid for an
ordinary share shall be £0.01;
c. the maximum price (exclusive of expenses)
which may be paid for an ordinary share shall be the higher of (i)
105% of the average of the mid-market value of the ordinary shares
for the five business days immediately preceding the date of the
purchase; and (ii) that stipulated by the regulatory technical
standards adopted by the European Union pursuant to the Market
Abuse Regulation;
d. such authority shall expire at the
conclusion of the Annual General Meeting of the Company to be held
in 2021 unless such authority is varied, revoked or renewed prior
to such date of the general meeting; and
e. the Company may make a contract to purchase
ordinary shares under such authority prior to its expiry which will
or may be executed wholly or partly after its expiration and the
Company may make a purchase of ordinary shares pursuant to any such
contract.
Special Resolution 2
That the Directors of the Company be and are hereby empowered to
allot ordinary shares of the Company for cash as if the pre-emption
provisions contained under Article 13 of the Articles of
Incorporation did not apply to any such allotments and to sell
ordinary shares which are held by the Company in treasury for cash
on a non-pre-emptive basis provided that this power shall be
limited to the allotment and sales of ordinary shares:
a. up to such number of ordinary shares as is
equal to 10% of the ordinary shares in issue (including treasury
shares) on the date on which this resolution is passed;
b. at a price of not less than the net asset
value per share as close as practicable to the
allotment
or sale;
provided that such power shall expire on the earlier of the
conclusion of the Annual General Meeting of the Company to be held
in 2021 or on the expiry of 15 months from the passing of this
Special Resolution, except that the Company may before such expiry
make offers or agreements which would or might require ordinary
shares to be allotted or sold after such expiry and notwithstanding
such expiry the Directors may allot or sell ordinary shares in
pursuance of such offers or agreements as if the power conferred
hereby had not expired.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
The Company Secretary
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
END