REG-Custodian Property Income REIT plc Custodian Property Income REIT plc: Results of Annual General Meeting

Custodian Property Income ReitAnnouncement

08/08/2023 14:45

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   Custodian Property Income REIT plc (CREI)
   Custodian Property Income REIT plc: Results of Annual General Meeting

   08-Aug-2023 / 14:30 GMT/BST

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                                                                8 August 2023

                                        

                       Custodian Property Income REIT plc

                                        

              (“Custodian Property Income REIT” or “the Company”)

                                        

                       Results of Annual General Meeting

    

   Custodian Property  Income REIT  (LSE: CREI),  which seeks  to deliver  an
   enhanced income return by investing in a diversified portfolio of smaller,
   regional properties  with strong  income  characteristics across  the  UK,
   pleased to announce that following  the Annual General Meeting (“AGM”)  of
   the Company held earlier today, all resolutions were approved on a  poll. 
   A summary of the results of the poll are set out below:

    

                                             % of    Votes    % of    Votes
      Resolution                  Votes for  votes  against   votes withheld*
                                             cast             cast
   ORDINARY RESOLUTIONS
      To receive  and adopt  the
   1  Company’s    report    and 102,235,922  100      0        0    252,316
      accounts for the financial
      year ended 31 March 2023
      To approve the  directors’
   2  remuneration  report   for 100,292,222 97.87 2,179,931  2.13   16,085
      the year  ended  31  March
      2023
   3  To elect  David  MacLellan 100,663,000 98.23 1,813,952  1.77   11,286
      as a director
   4  To re-elect Hazel Adam  as 97,700,747  95.34 4,776,205  4.66   11,286
      a director
   5  To re-elect Malcolm Cooper 97,683,960  95.32 4,792,992  4.68   11,286
      as a director
   6  To re-elect Chris  Ireland 97,683,960  95.32 4,792,992  4.68   11,286
      as a director
   7  To re-elect  Ian  Mattioli 59,803,871  58.36 42,673,080 41.64  11,287
      as a director
   8  To   re-elect    Elizabeth 78,164,545  76.28 24,312,407 23.72  11,286
      McMeikan as a director
   9  To re-appoint Deloitte LLP 102,464,102 99.99   12,850   0.01   11,286
      as auditor to the Company
      To authorise the directors
   10 to  agree   and  fix   the 102,464,102 99.99   12,850   0.01   11,286
      auditor’s remuneration
      To  grant  the  directors’
   11 authority     to     allot 98,082,079  95.71 4,391,787  4.29   14,372
      ordinary  shares  in   the
      capital of the Company
   12 To  amend  the   Company’s 102,459,362 99.99   14,504   0.01   14,372
      Investment Policy
      To   disapply    statutory
      pre-emption rights on  the
   13 allotment   of    ordinary 101,363,897 98.91 1,113,055  1.09   11,286
      shares in  the capital  of
      the Company
      To  further  disapply  the
   14 statutory      pre-emption 100,063,608 97.64 2,413,344  2.36   11,286
      rights on the allotment of
      Ordinary Shares
      To authorise  the  Company
      to make  market  purchases
   15 of  ordinary   shares   of 102,411,250 99.99   2,306    0.01   74,682
      £0.01 each in the  capital
      of the Company
      That  a  general  meeting,
      other   than   an   annual
   16 general  meeting,  may  be 95,949,030  93.63 6,527,922  6.37   11,286
      called on not less than 14
      clear days' notice

    

   *NB: The percentage of votes cast for and against excludes withheld votes.

    

   The votes received against  Resolutions 7 and 8  to re-elect Ian  Mattioli
   and Elizabeth McMeikan as  Directors of the  Company above comprised  just
   9.8% and 5.8%  respectively of total  shareholders.  The Company  complies
   with the Association  of Investment Companies’  Corporate Governance  Code
   regarding  Board  diversity   and  independence   and  the   Institutional
   Shareholder Services proxy  voting guidance  supported both  resolutions. 
   Where possible the Board,  assisted by the  Company’s broker, will  engage
   with shareholders to seek feedback.

    

   Ian Mattioli is  the founder  director of Custodian  Property Income  REIT
   having instigated  the  development  of Mattioli  Woods  plc’s  investment
   proposition, including the syndicated  property initiative that  developed
   into the seed portfolio for the launch  of the Company in 2014.  Ian is  a
   non-independent Director  of  the Company  due  to  his roles  as  CEO  of
   Mattioli Woods plc and Chair  of Custodian Capital Limited, the  Company’s
   discretionary  investment  manager,  and  is   viewed  by  the  Board   as
   representative of Mattioli Woods plc’s client shareholders which represent
   approximately 68%  of the  Company’s shareholder  register.  Ian  and  his
   family own 6.1m shares in the Company representing c. 1.4%.

    

   The Company confirms that copies of  all resolutions passed at the  Annual
   General Meeting  will be  available for  viewing on  the National  Storage
   Mechanism shortly.

    

                                    - Ends -

    

   Further information:

    

   Further information regarding the  Company can be  found at the  Company's
   website  1 custodianreit.com or please contact:

    

   Custodian Capital Limited                                                 
   Richard Shepherd-Cross / Ed Moore / Ian           Tel: +44 (0)116 240 8740
   Mattioli MBE
                                                   2 www.custodiancapital.com

    

   Numis Securities Limited                             
   Hugh Jonathan / Nathan Brown Tel: +44 (0)20 7260 1000
                                     www.numis.com/funds

    

   FTI Consulting                                                            
   Richard Sunderland / Andrew Davis /               Tel: +44 (0)20 3727 1000
   Oliver Parsons
                                            3 custodianreit@fticonsulting.com

    

   Notes to Editors

    

   Custodian Property Income REIT plc is  a UK real estate investment  trust,
   which listed on the main market of  the London Stock Exchange on 26  March
   2014.  Its   portfolio   comprises   properties   predominantly   let   to
   institutional grade  tenants  on long  leases  throughout the  UK  and  is
   principally   characterised   by    smaller,   regional,    core/core-plus
   properties. 

    

   The Company  offers  investors the  opportunity  to access  a  diversified
   portfolio of UK commercial  real estate through  a closed-ended fund.   By
   principally targeting  smaller, regional,  core/core-plus properties,  the
   Company seeks to provide investors with an attractive level of income with
   the potential for capital growth.

    

   Custodian Capital Limited is the  discretionary investment manager of  the
   Company.

    

   For     more      information     visit       4 custodianreit.com      and
    5 custodiancapital.com.

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BJFLFT45
   Category Code:  RAG
   TIDM:           CREI
   LEI Code:       2138001BOD1J5XK1CX76
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   263244
   EQS News ID:    1698755


    
   End of Announcement EQS News Service

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