For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221110:nRSJ0362Ga&default-theme=true
RNS Number : 0362G Alternative Income REIT PLC 10 November 2022
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, ANY
MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, CANADA, AUSTRALIA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA.
10 November 2022
Alternative Income REIT plc
(the "Company" or "Group")
RESULT OF ANNUAL GENERAL MEETING
The Board of Alternative Income REIT plc is pleased to announce that at the
Company's Annual General Meeting held today, all resolutions were passed on a
show of hands.
Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and
resolutions 11 to 14 were proposed as special resolutions. The proxy votes
received prior to the meeting were as follows:
Resolution Votes For* % Votes Against % Total votes validly cast Total votes cast as % of issued share capital Votes Withheld**
1 To receive and adopt the audited financial statements of the Company for the 24,707,047 99.75 6,787 0.03 24,768,305 30.77 3,000
financial year ended 30 June 2022
2 To approve the Directors' Remuneration Report 24,089,531 99.57 50,167 0.21 24,194,169 30.05 577,136
3 To re-elect Alan Sippetts as a Director 24,671,842 99.68 24,432 0.10 24,750,745 30.75 20,560
4 To re-elect Adam Smith as a Director 24,097,042 97.36 599,232 2.42 24,750,745 30.75 20,560
5 To re-elect Stephanie Eastment as a Director 24,653,942 99.57 51,432 0.21 24,759,845 30.76 11,460
6 To re-appoint Moore Kingston Smith LLP as independent Auditor of the Company 24,686,402 99.68 24,432 0.10 24,765,305 30.76 6,000
7 To authorise the Audit Committee to determine the Auditor's remuneration 24,705,047 99.75 6,787 0.03 24,766,305 30.77 5,000
8 To approve the continuation of the Company in its current form 24,463,493 98.78 248,341 1.00 24,766,305 30.77 5,000
9 To approve the Company's dividend policy 24,707,047 99.75 6,787 0.03 24,768,305 30.77 3,000
10 To authorise the Directors to allot shares 24,622,222 99.46 79,052 0.32 24,755,745 30.75 15,560
11 To authorise the disapplication of pre-emption rights up to 5% 24,461,898 98.79 245,476 0.99 24,761,845 30.76 9,460
12 To authorise the disapplication of pre-emption rights up to a further 5% in 24,492,073 98.91 214,725 0.87 24,761,269 30.76 10,036
connection with an acquisition or specified capital investments
13 To authorise the Company to purchase its own shares 24,674,047 99.72 14,787 0.06 24,743,305 30.74 3,000
14 To authorise the calling of general meetings, other than an annual general 24,102,185 97.43 581,649 2.35 24,738,305 30.73 8,000
meeting, on not less than 14 clear days' notice
* Any discretionary votes have been included in the "For" totals.
**A vote withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.
Every shareholder has one vote for every Ordinary Share held. As at 10
November 2022, the share capital of the Company consisted of 80,500,000
Ordinary Shares of £0.01 each with voting rights. The Company does not hold
any shares in Treasury.
The full text of all the resolutions can be found in the Notice of Annual
General Meeting dated 5 October 2022, a copy of which is available on the
Company's website
at https://www.alternativeincomereit.com/investors/documents/2021
(https://www.alternativeincomereit.com/investors/documents/2021) .
In accordance with Listing Rule 9.6.2 copies of all the resolutions passed,
other than ordinary business, will be submitted to the National Storage
Mechanism and will shortly be available for inspection
at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .
ENQUIRIES
Alternative Income REIT PLC
Alan Sippetts - Chairman via Maitland/AMO below
M7 Real Estate Ltd +44 (0)20 3657 5500
Richard Croft
Panmure Gordon (UK) Limited +44 (0)20 7886 2500
Alex Collins
Tom Scrivens
Chloe Ponsonby
Maitland/AMO (Communications Adviser) +44(0) 7747 113 930
James Benjamin james.benjamin@maitland.co.uk
The Company's LEI is 213800MPBIJS12Q88F71.
Further information on Alternative Income REIT plc is available at
www.alternativeincomereit.com (about%3Ablank) (1).
NOTES
Alternative Income REIT PLC aims to generate a sustainable, secure and
attractive income return for shareholders from a diversified portfolio of UK
property investments, predominately in alternative and specialist sectors. The
majority of the assets in the Group's portfolio are let on long leases which
contain inflation linked rent review provisions.
The Company's investment adviser is M7 Real Estate Limited ("M7"). M7 is a
leading specialist in the pan-European, regional, multi-tenanted real estate
market. Majority owned by its senior managers, it has over 200 employees in 14
countries across Europe. The team manages over 835 properties with a value of
circa €4.9 billion.
1 Neither the content of the Company's website, nor the content on any
website accessible from hyperlinks on its website or any other website, is
incorporated into, or forms part of, this announcement nor, unless previously
published on a Regulatory Information Service, should any such content be
relied upon in reaching a decision as to whether or not to acquire, continue
to hold, or dispose of, securities in the Company.
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 (mailto:rns@lseg.com)
or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
. END RAGFFAFISEESEFF