TIDMSIR
RNS Number : 6478N
Secure Income REIT PLC
21 May 2020
21 May 2020
Secure Income REIT Plc
Result of AGM
The Board of Secure Income REIT Plc (the "Company"), the
specialist long term income UK REIT, confirms that, at the Annual
General Meeting of the company held on 21 May 2020, all resolutions
proposed were duly passed.
The results of voting for each resolution were:
Ordinary resolutions FOR % FOR AGAINST % AGAINST WITHHELD
1. To approve the annual
report for the year to
31 December 2019 248,062,777 98.79% 3,041,744 1.21% 2,504
------------ -------- ----------- ------------ -----------
2. To re-elect Martin
Moore as a Director 250,902,101 99.92% 202,420 0.08% 2,504
------------ -------- ----------- ------------ -----------
3. To re-elect Mike Brown
as a Director 245,001,416 97.57% 6,103,105 2.43% 2,504
------------ -------- ----------- ------------ -----------
4. To re-elect Leslie
Ferrar as a Director 250,226,451 99.65% 878,070 0.35% 2,504
------------ -------- ----------- ------------ -----------
5. To re-elect Sandy Gumm
as a Director 248,038,963 98.78% 3,065,558 1.22% 2,504
------------ -------- ----------- ------------ -----------
6. To re-elect Jonathan
Lane as a Director 251,053,544 99.98% 50,977 0.02% 2,504
------------ -------- ----------- ------------ -----------
7. To re-elect Nick Leslau
as a Director 245,001,416 97.57% 6,103,105 2.43% 2,504
------------ -------- ----------- ------------ -----------
8. To re-elect Ian Marcus
as a Director 251,080,707 99.99% 23,814 0.01% 2,504
------------ -------- ----------- ------------ -----------
9. To reappoint BDO LLP
as the auditors 248,062,777 98.79% 3,041,744 1.21% 2,504
------------ -------- ----------- ------------ -----------
10. To authorise the Directors
to fix the remuneration
of the auditors 251,104,521 100.00% 0 0.00% 2,504
------------ -------- ----------- ------------ -----------
11. That the Company be
generally and unconditionally
authorised to allot ordinary
shares in the Company 251,061,148 99.98% 43,373 0.02% 2,504
------------ -------- ----------- ------------ -----------
Special resolutions
------------ -------- ----------- ------------ -----------
12. That the Company be
generally authorised to
make market purchases
of ordinary shares subject
to certain conditions 248,060,971 98.79% 3,043,550 1.21% 2,504
------------ -------- ----------- ------------ -----------
13. That the Directors
be empowered to allot
equity securities in the
Company for cash without
pre-emption rights subject
to certain conditions 225,593,256 89.84% 25,511,265 10.16% 2,504
------------ -------- ----------- ------------ -----------
Total votes cast in respect of each resolution amounted to
approximately 77.5% of shares in issue.
For further information on the Company, please contact:
Secure Income REIT Plc +44 20 7647 7647
Sandy Gumm enquiries@SecureIncomeREIT.co.uk
Stifel Nicolaus Europe Limited +44 20 7710 7600
(Nominated Adviser) stifelsecureincomereit@stifel.com
Mark Young
Stewart Wallace
FTI Consulting LLP +44 20 3727 1000
Dido Laurimore SecureIncomeREIT@fticonsulting.com
Claire Turvey
Eve Kirmatzis
About Secure Income REIT Plc:
Secure Income REIT specialises in generating long term,
inflation protected, secure income from real estate investments.
Its investment strategy is designed to satisfy investors' growing
requirements for high quality, safe, inflation protected income
flows.
At 31 December 2019, the Group's investment property portfolio
was valued at GBP2.1 billion, producing GBP110.7 million per annum
of rental income from long term leases with a weighted average
unexpired term to expiry of 21.0 years with no breaks. All rental
income is subject to fixed uplifts or RPI upwards only rent reviews
with 59% of rental income subject to RPI-linked reviews and 41%
having fixed uplifts.
The Group's portfolio comprises key operating assets let to
strong businesses in defensive sectors with high barriers to entry.
The upwards only RPI-linked rent reviews and fixed rental uplifts
combine with fixed cost debt to drive healthy dividend growth,
creating attractive and predictable returns.
The Company is advised by Prestbury Investment Partners Limited,
owned by the team which advised Max Property Group Plc until August
2014, when all of the assets of Max Property Group Plc were sold to
Blackstone Group. Prestbury is owned and run by a team of real
estate and finance professionals including Nick Leslau, Mike Brown,
Tim Evans, Ben Walford and Sandy Gumm.
The Company's Board is chaired by Martin Moore together with
three further independent Directors: Leslie Ferrar, Jonathan Lane
and Ian Marcus, as well as three members of the Prestbury Team:
Nick Leslau, Mike Brown and Sandy Gumm.
The Company is a UK REIT which floated on the AIM market of the
London Stock Exchange in June 2014.
The Company's LEI is 213800M1VI451RU17H40.
Further information on Secure Income REIT is available at
www.SecureIncomeREIT.co.uk .
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contact rns@lseg.com or visit www.rns.com.
END
AGMKKDBBDBKDCPB
(END) Dow Jones Newswires
May 21, 2020 07:30 ET (11:30 GMT)
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