REG - Alternative Inc REIT - Result of Annual General Meeting

Alternative Income REITAnnouncement

30/11/2021 11:35

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RNS Number : 0433U  Alternative Income REIT PLC  30 November 2021

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, ANY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.

 

30 November 2021

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 9 (inclusive) were proposed as ordinary resolutions and
resolutions 10 to 13 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   31,201,139  99.99   4,000          0.01   31,205,139                38.76                                          13,394
         financial year ended 30 June 2021
 2       To approve the Directors' Remuneration Report                                  31,159,239  99.86   44,700         0.14   31,203,939                38.76                                          14,594
 3       To re-elect Alan Sippetts as a Director                                        31,196,061  99.96   12,772         0.04   31,208,833                38.77                                          9,700
 4       To elect Adam Smith as a Director                                              27,849,858  89.27   3,347,581      10.73  31,197,439                38.75                                          21,094
 5       To elect Stephanie Eastment as a Director                                      31,164,957  99.90   32,482         0.10   31,197,439                38.75                                          21,094
 6       To re-appoint Moore Kingston Smith LLP as independent Auditor of the Company   31,208,743  99.98   7,790          0.02   31,216,533                38.78

                                                                                                                                                                                                           2,000
 7       To authorise the Audit Committee to determine the Auditor's remuneration       31,213,533  99.99   3,000          0.01   31,216,533                38.78

                                                                                                                                                                                                           2,000
 8       To authorise the Directors to declare and pay all dividends of the Company as  31,215,533  100.00  1,000          0.00   31,216,533                38.78                                          2,000
         interim dividends
 9       To authorise the Directors to allot shares                                     31,133,874  99.76   74,959         0.24   31,208,833                38.77                                          9,700
 10      To authorise the disapplication of pre-emption rights up to 5%                 30,987,732  99.34   205,023        0.66   31,192,755                38.75                                          25,778
 11      To authorise the disapplication of pre-emption rights up to a further 5% in    30,989,126  99.32   212,723        0.68   31,201,849                38.76                                          6,684
         connection with an acquisition or specified capital investments
 12      To authorise the Company to purchase its own shares                            31,190,833  99.95   15,700         0.05   31,206,533                38.77                                          2,000
 13      To authorise the calling of general meetings, other than an annual general     30,651,342  98.22   555,191        1.78   31,206,533                38.77                                          2,000
         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 30
November 2021, 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 25 October 2021, 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 (https://www.alternativeincomereit.com) (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. It has over 220 employees in 15 countries across Europe. The team
manages over 570 properties with a value of circa €4.1 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.

 

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