REG - Home REIT PLC - Result of General Meeting

Home ReitAnnouncement

05/12/2024 12:15

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RNS Number : 0071P  Home REIT PLC  05 December 2024

5 December 2024

 

HOME REIT plc

(the "Company")

 

RESULT OF GENERAL MEETING

 

The Company announces the results of the resolutions proposed at today's
General Meeting.

 

Each of the resolutions proposed were voted on by way of a poll. Resolution 1,
which was a non-binding advisory vote, was not approved by shareholders.
Resolution 2, which was also a non-binding advisory vote, was approved by
shareholders.

 

The results of the poll were as follows:

 

 Resolution                                                                       In favour                    Against                      Votes withheld  % of Issued Share Capital voted

                                                                                  Number of votes  Percentage  Number of votes  Percentage
 1.To receive the Company's Annual Report and Accounts for the year ended 31
 August 2022, together with the reports of the Directors and Auditor thereon

                                                                                  196,861,578      45.25%      238,233,187      54.75%      102,787,803     55.04%

 2. To approve the Directors' Remuneration Report included in the Annual Report
 for the year ended 31 August 2022

                                                                                  472,949,024      87.94%      64,833,524       12.06%      100,200         68.02%

 

Votes withheld are not a vote in law and have not been counted in the
calculation of the votes for and against the resolution, the total votes
validly cast or the calculation of the proportion of issued share capital
voted.

 

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 recognises that a majority of the shareholders voted
against the resolution to receive the Company's annual report and accounts for
the year ended 31 August 2022 and also notes that a shareholder advisory
consultancy (ISS) recommended that shareholders vote against the resolution,
due to the delay in publishing, and qualified nature of, the accounts. The
Board understands and shares shareholders' frustrations regarding the delays
experienced in publishing the Company's outstanding annual and interim
accounts. In accordance with the AIC Corporate Governance Code, the Company
intends to consult further with relevant shareholders to understand the
reasons behind the result, beyond discussions that have already taken place
prior to the General Meeting and intends to provide an update within six
months of the date of the General Meeting.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

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

Dido
Laurimore
+44 (0)20 3727 1000

Bryn Woodward

Oliver Harrison

 

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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