REG - Home REIT PLC - Result of AGM

Home ReitAnnouncement

27/02/2026 17:30

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RNS Number : 7931U  Home REIT PLC  27 February 2026

27 February 2026

 

HOME REIT plc

(the "Company")

 

RESULTS OF ANNUAL GENERAL MEETING

 

Following the Annual General Meeting of the Company held earlier today, the
Board is pleased to announce that the resolutions, as set out in the notice of
the Annual General Meeting sent to shareholders on 30 January 2026, were
approved by shareholders. The resolutions put to the meeting were voted on by
way of a poll.

 

In accordance with UK Listing Rule 6.4.2, a copy of the resolutions that do
not constitute ordinary business at an Annual General Meeting have been
submitted to the National Storage Mechanism and will be available shortly for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

The results of the poll were as follows:

 

 Resolution                                                                       In favour¹                                    Against                                             Votes withheld²                         % of issued share capital voted

                                                                                  Number of votes                   Percentage  Number of votes                         Percentage
  1.                                                                                         343,590,966            75.21%                 113,238,125                  24.79%

 To receive the Annual Report and Accounts for the year ended 31 August 2024,
 together with the reports of the Directors and Auditor thereon.

                                                                                                                                                                                    49,891,971                              57.78%
 2.                                                                                          485,654,304            95.86%                   20,967,000                 4.14%

 To approve the Directors' Remuneration Report, as set out in the Annual Report
 and Accounts for the year ended 31 August 2023.

                                                                                                                                                                                    99,758                                  64.08%
 3.                                                                                          496,996,546            98.13%                     9,482,645                1.87%

 To re-elect Roderick Day as a Director of the Company.

                                                                                                                                                                                    241,871                                 64.07%

 4.                                                                                          493,002,595            97.34%                   13,476,626                 2.66%

 To re-elect Michael O'Donnell as a Director of the Company.

                                                                                                                                                                                    241,841                                 64.07%
 5.                                                                                          500,968,217            98.91%                     5,511,004                1.09%

 To re-elect Peter Williams as a Director of the Company.

                                                                                                                                                                                    241,841                                 64.07%
 6.                                                                                          449,083,663            92.91%                   34,251,885                 7.09%

 To re-appoint BDO LLP as Auditor to the Company.

                                                                                                                                                                                    23,385,514                              61.14%
 7.                                                                                          471,120,068            93.22%                   34,283,985                 6.78%

 To authorise the Directors to determine the Auditor's remuneration.

                                                                                                                                                                                    1,317,009                               63.93%
 8. Special Resolution                                                                       504,534,906            99.60%                     2,032,512                0.40%

 That the Company be authorised to make market purchases of its Ordinary
 Shares.

                                                                                                                                                                                    153,644                                 64.08%
 9. Special Resolution                                                                       498,357,072            98.36%                     8,330,408                1.64%

 That the Company be authorised to make tender offers for its Ordinary Shares.

                                                                                                                                                                                    33,582                                  64.09%
 10 Special Resolution                                                                       494,476,539            97.83%                   10,981,372                 2.17%

 That a General Meeting of the Company other than an Annual General Meeting may
 be called on not less than 14 clear days' notice.

                                                                                                                                                                                    1,263,151                               63.94%

 

¹ Any proxy arrangement which gave discretion to the Chair has been included
in the 'For' totals.

² A 'Vote Withheld' is not a vote in law and is not counted in the total
votes cast or the calculation of the percentage of votes 'For' or 'Against'
each resolution.

 

 

 

 

The full text of the resolutions can be found in the Notice of the Annual
General Meeting, which is available on the Company's website,
www.homereituk.com (http://www.homereituk.com) .

 

On the record date for voting at the meeting, the Company's issued share
capital consisted of 790,570,465 ordinary shares of £0.01 nominal value each,
carrying one vote each. The Company holds no shares in treasury. Therefore,
the total number of voting rights in the Company was 790,570,465.

 

The Board of the Company notes that although the resolution to receive the
Company's annual report and accounts for the year ended 31 August 2024 was
passed, there were a material number of votes cast against and it also notes
that shareholder advisory consultants recommended that shareholders vote
against the resolution. This was also the position at the Company's AGM held
on 20 February 2025. Having met regularly with shareholders over the last 12
months and considering correspondence received from shareholders on this
matter, the Company believes it has adequately established the reasons behind
the result. This can be summarised as shareholder frustrations regarding the
delays in publishing the information, the qualified nature and emphasis of
matter in the independent auditor's report and a reflection of the broader
issues that the Company has experienced.

 

The report qualification was associated with revenues with tenants at
properties recently taken back from non-performing tenants and as a result of
incomplete paperwork handed over from tenants.  The emphasis of matter was to
highlight that the Company has entered a managed wind-down and therefore the
Directors no longer consider the Group a going concern. The Board will
continue to consider shareholder perspectives as appropriate.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

FTI Consulting (Communications
Adviser)
HomeREIT@fticonsulting.com (mailto:HomeREIT@fticonsulting.com)

Dido
Laurimore
                         +44 (0)20 3727 1000

Oliver Harrison

Bryn Woodward

 

The Company's LEI is: 213800A53AOVH3FCGG44.

 

For more information, please visit the Company's website: www.homereituk.com
(http://www.homereituk.com)

 

END

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