Schroder Real Estate Result of AGM
19 Settembre 2019 - 12:02PM
UK Regulatory
TIDMSREI
Schroder Real Estate Investment Trust Limited
(an authorised closed ended company incorporated in Guernsey with registration
number 41959)
LEI Number: 549300ZIJJTMTIIQJP67
(The "Company")
19 SEPTEMBER 2019
RESULT OF ANNUAL GENERAL MEETING
At the Annual General Meeting of the Company held on 18 September 2019, all
Resolutions set out in the Annual General Meeting Notice sent to Shareholders
dated 20 May 2019 were duly passed.
Details of the proxy voting results which should be read along side the Notice
are noted below:
Ordinary For & Discretion Against Abstain
Resolution
1 275,591,471 1,239 309,037
2 275,382,304 52,562 466,881
3 275,130,526 731,221 40,000
4 275,860,508 1,239 40,000
5 275,859,699 2,048 40,000
6 275,860,508 1,239 40,000
7 275,396,156 465,591 40,000
8 275,871,747 0 30,000
9 275,901,347 0 0
Special Resolution For Against Abstain
1 275,714,682 98,100 88,965
2 258,529,061 17,372,686 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 GBP0.01;
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 2020 unless such authority is varied,
revoked or renewed prior to such date by ordinary resolution of the Company in
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 2020 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
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