REG - Alternative Inc REIT - Result of AGM

Alternative Income REITAnnouncement

15/11/2023 15:00

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RNS Number : 5939T  Alternative Income REIT PLC  15 November 2023

15 November 2023

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 (inclusive) 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  25,276,814  99.96  9,181          0.04  25,285,995                31.41                                          31,462
         financial year ended 30 June 2023
 2       To approve the Directors' Remuneration Report                                 24,634,076  99.74  64,558         0.26  24,698,634                30.68                                          618,823
 3       To approve the Directors' Remuneration Policy                                 25,145,991  99.60                 0.40                            31.36

                                                                                                          100,558              25,246,549                                                               70,908

 4       To elect Simon Bennett as a director                                          25,236,441  99.86  36,608         0.14                            31.40

                                                                                                                               25,273,049                                                               44,408

 5       To re-elect Stephanie Eastment as a director                                  25,235,215  99.85                 0.15                            31.40

                                                                                                          37,834               25,273,049                                                               44,408

 6       To re-elect Adam Smith as a director                                          24,659,441  97.57                 2.43                            31.40

                                                                                                          613,608              25,273,049                                                               44,408

 7       To re-appoint Moore Kingston Smith LLP as independent auditor of the Company  25,214,650  99.82                 0.18                            31.38

                                                                                                          46,484               25,261,134                                                               56,323

 8       To authorise the Audit Committee to determine the auditor's remuneration      25,276,305  99.93                 0.07                            31.42

                                                                                                          18,690               25,294,995                                                               22,462

 9       To approve the Company's dividend policy                                      25,284,814  99.96                 0.04  25,293,995                31.42

                                                                                                          9,181                                                                                         23,462

 10      To authorise the directors to allot shares                                    25,129,892  99.37                 0.63  25,288,497                31.41

                                                                                                          158,605                                                                                       28,960

 11      To authorise the disapplication of pre-emption rights up to 10%               24,924,295  98.56                 1.44  25,287,497                31.41

                                                                                                          363,202                                                                                       29,960

 12      To authorise the disapplication of pre-emption rights up to a further 10% in  24,965,632  98.71                 1.29  25,291,497
         connection with an acquisition or specified capital investments

                                                                                                          325,865                                        31.42                                          25,960

 13      To authorise the Company to purchase its own shares                           25,252,947  99.80                 0.20  25,303,997                31.43

                                                                                                          51,050                                                                                        13,460

 14      To authorise the calling of general meetings, other than an annual general    24,662,553  97.51                 2.49  25,293,136                31.42
         meeting, on not less than 14 clear days' notice

                                                                                                          630,583                                                                                       24,321

 

* 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 15
November 2023, 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 9 October 2023, a copy of which is available on the
Company's website
at https://www.alternativeincomereit.com/investors/reporting-centre/
(https://www.alternativeincomereit.com/investors/reporting-centre/)

 

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
 Simon Bennett - Chairman                      via H/Advisors Maitland below

 M7 Real Estate Ltd                            020 3657 5500

 Richard Croft

 Jane Blore

 Panmure Gordon (UK) Limited                   020 7886 2500
 Alex Collins
 Tom Scrivens

 H/Advisors Maitland (Communications Advisor)  07747 113 930 / 020 7379 5151
 James Benjamin                                aire-maitland@h-advisors.global

 Rachel Cohen

 

The Company's LEI is 213800MPBIJS12Q88F71.

 

Further information on Alternative Income REIT PLC is available
at www.alternativeincomereit.com (http://www.alternativeincomereit.com/) (1).

 

(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.

 

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 index linked rent review provisions.

 

The Company's asset manager is M7 Real Estate Limited ("M7"). M7 is a
leading specialist in the pan-European, regional, multi-tenanted real estate
market. It has over 230 employees in 14 countries and territories. The team
manages over 610 assets with a value of circa €6.9 billion (at 30 September
2023).

 

 

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