REG - Ground Rents Inc Fnd - Notice of Annual General Meeting

Ground Rents Income FundAnnouncement

16/02/2024 07:00

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RNS Number : 2992D  Ground Rents Income Fund PLC  16 February 2024

Ground Rents Income Fund plc

("the Company")

Notice of Annual General Meeting

The Company announces that the Annual General Meeting of the Company will be
held on 11 March 2024 at 9.30 am at 1 London Wall Place, London, EC2Y 5AU.
Full details are set out in the Notice of the 2024 Annual General Meeting,
which includes an update on the year end accounts timetable and the
Government's consultation on leasehold reform.  The AGM Notice has been
posted to shareholders and may be downloaded at the following link:

http://www.rns-pdf.londonstockexchange.com/rns/2992D_1-2024-2-15.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2992D_1-2024-2-15.pdf)

It can also be viewed on the Company's website at
www.groundrentsincomefund.com (http://www.groundrentsincomefund.com) .

For further information: 

 Schroder Real Estate Investment Management Limited           020 7658 6000 

 Nick Montgomery / Chris Leek / Matthew Riley 
 Singer Capital Markets (Broker)                              020 7496 3000 

 James Maxwell / Alaina Wong
 Appleby Securities (Channel Islands) Limited (Sponsor)       01534 888 777 

 Andrew Weaver / Michael Davies
 FTI Consulting                                               020 3727 1000 

 Dido Laurimore / Richard Gotla / Meth Tanyanyiwa              

Notes to editors:

 

Ground Rents Income Fund plc is a closed-ended real estate investment trust,
listed on The International Stock Exchange and traded on the SETSqx platform
of the London Stock Exchange.

 

Schroder Real Estate Investment Management Limited (the 'Manager') was
appointed as the Company's Alternative Investment Fund Manager in May 2019 to
support the Company's Board with the headwinds related to leasehold and
building safety reform.

 

During the first half of 2023 the Board and Manager carried out an extensive
shareholder consultation on proposals to change the Continuation Vote
mechanism included in the Articles dating from 2012, as well as proposed
changes to the Investment Policy.  These proposals received strong support
from shareholders and resulted in a new Continuation Resolution and Investment
Policy. The new Investment Policy adopts a strategy of realising the Company's
assets in a controlled, orderly and timely manner for shareholders, whilst
continuing to deliver best-in-class residential asset management including
fairness, transparency, and affordability for leaseholders.

 

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