REG - Ediston Prop Inv - Result of General Meeting

Ediston Property InvestmentAnnouncement

26/09/2023 13:45

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RNS Number : 7183N  Ediston Property Inv Comp PLC  26 September 2023

26 September 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

For immediate release.

Ediston Property Investment Company plc

Results of General Meeting - Proposed Disposal of the Property Portfolio

On 8 September 2023, Ediston Property Investment Company plc (the "Company")
published its shareholder circular (the "Circular") containing a notice of
General Meeting in connection with the proposed sale (the "Disposal") of the
entirety of the EPIC Group's property portfolio to RI UK 1 Limited, a wholly
owned subsidiary of Realty Income, for cash consideration of £200.8 million,
prior to agreed deductions of approximately £4.0 million.

At the General Meeting held earlier today, the ordinary resolution to approve
the Disposal was duly passed by way of a poll and the results of the poll,
including the proxy votes received, were as follows:

 resolution               number of votes for  % of votes for  number of votes against  % of votes against  total number of votes validly cast  % of total voting rights  number of votes withheld*
 To approve the Disposal  113,032,503          92.58           9,064,324                7.42                122,096,827                         57.77                     107,970

Notes:

*                A "vote withheld" is not a vote in law and is
not counted in the calculation of the votes for and against a resolution.

Completion of the Disposal is expected to occur on 28 September 2023. A
further announcement will be made immediately following Completion.

Capitalised terms used in this announcement have the meanings given to them in
the Circular, which is available on the Company's website at
https://www.epic-reit.com (https://www.epic-reit.com) .

In accordance with Listing Rule 9.6.2, a copy of the resolution passed will be
shortly submitted to the National Storage Mechanism of the FCA and will be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

Dickson Minto Advisers is acting as sponsor to the Company in connection with
the Disposal.

 Enquiries
 Investec Bank plc (Lead Financial Adviser and Corporate Broker)  020 7597 4000
 David Yovichic
 Denis Flanagan

 Dickson Minto Advisers                                           020 7649 6823

(Joint Financial Adviser and Sponsor)
 Douglas Armstrong

 KL Communications (PR Advisers)                                  07729 911301
 Stephanie Ross
 Ben Robinson

 

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