REG - Ground Rents Inc Fnd - Result of AGM and Update on Board Succession

Ground Rents Income FundAnnouncement

25/03/2026 17:00

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RNS Number : 1363Y  Ground Rents Income Fund PLC  25 March 2026

 

25 March 2026

 

Annual general meeting AND UPDATE ON BOARD SUCCESSION

 

Ground Rents Income Fund plc (the "Company") announces that a poll was held on
each of the resolutions proposed at the Annual General Meeting ("AGM") on
Wednesday, 25 March 2026. All the resolutions passed. The results of the poll
are:

     Resolution                                                                     For         %      Against  %     Withheld  Total % of Voting Capital voted (excluding Withheld)
 1   To receive the audited financial statements of the Company for the year ended  34,292,390  99.90  32,870   0.10  533,897   35.88
     30 September 2025 and the Report of the Directors thereon.
 2   To approve the Directors'                                                      34,714,667  99.62  133,346  0.38  11,144    36.43

     Remuneration Report for the financial year ended 30 September 2025.
 3   To elect Judith MacKenzie as a Director of the Company.                        34,748,770  99.72  99,243   0.28  11,144    36.43
 4   To re-elect Bill Holland as a Director of the Company.                         34,758,410  99.74  89,603   0.26  11,144    36.43
 5   To re-elect Katherine Innes Ker as a Director of the Company.                  34,758,410  99.74  89,603   0.26  11,144    36.43
 6   To appoint RSM UK Audit LLP as auditor of the Company.                         34,751,902  99.71  101,111  0.29  6,144     36.43
 7   To authorise the Directors to determine the remuneration of RSM UK Audit LLP   34,753,713  99.72  99,300   0.28  6,144     36.43
     as auditor of the Company.
 8   To renew the authority to allot shares.                                        34,693,798  99.54  159,215  0.46  6,144     36.43
 9   To disapply pre-emption rights (special resolution).                           34,693,798  99.54  159,215  0.46  6,144     36.43
 10  To renew the authority to purchase own shares (special resolution).            34,813,408  99.87  45,749   0.13  0         36.44

 

Copies of resolutions 8, 9, and 10 will be filed at Companies House.

Shareholders are entitled to one vote per share. Votes withheld are not a vote
in law and are therefore not counted in the calculation of the percentages of
the votes cast for and against a resolution. Where shareholders appointed the
Chairman as their proxy with discretion as to voting, their votes were cast in
favour of the resolutions and their shares have been included in the "votes
for" column.

The total number of ordinary shares of 50p each in issue is 95,667,627. The
total number of voting rights is: 95,667,627.

A copy of the resolutions passed at today's AGM will be available for
inspection on the Company's website at http://www.groundrentsincomefund.com
(http://www.groundrentsincomefund.com)

Update on Board succession

 

On 11 December 2025, the Company announced that Bill Holland and Katherine
Innes Ker had both confirmed their intent to stand down from their positions
on the Board once replacement Non-Executive Directors had been appointed. The
appointment process is progressing well and the Company anticipates being able
to release a further announcement within the coming weeks.

 

Enquiries:

 

Schroder Real Estate Investment Management Limited

Chris Leek

020 7658 6000

 

Singer Capital Markets (Financial Adviser & Broker)

James Maxwell (Investment Banking)

Sam Greatrex (Sales)

020 7496 3000

 

Appleby Securities (Channel Islands) Limited (Sponsor)

Andrew Weaver / Michael Davies

01534 888 777

 

FTI Consulting

Richard Gotla / Oliver Parsons

0203 727 1000

 

JTC (UK) Limited (Company Secretary)

Ruth Wright

+44 207 409 0181

 

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