Result of AGM
14/09/2022 12:00
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RNS Number : 4569Z Industrials REIT Limited 14 September 2022
INDUSTRIALS REIT LIMITED
(Formerly Stenprop Limited)
(Registered in Guernsey with registration number 64865)
LSE share code: MLI JSE share code: MLI
ISIN: GG00BFWMR296
("Industrials REIT" or the "Company")
14 September 2022
Results of Annual General Meeting
The Industrials REIT Annual General Meeting was held yesterday 13 September
2022 (in terms of the notice of Annual General Meeting dispatched to
shareholders on Thursday, 28 July 2022). A poll was held on each of the
resolutions proposed and the results of the poll are set out below.
Resolutions 1 to 14 were passed as ordinary resolutions and resolutions 15-17
were passed as extraordinary resolutions by the requisite majority of
shareholders.
Ordinary Resolutions Shares voted % of issued share capital voted* Votes for % of votes for Votes against % of votes against Votes withheld
1. To receive the Company's annual report and audited financial statements 129,243,156 43.88 129,219,751 99.98 23,405 0.02 0
2. To approve the Directors' remuneration policy 129,093,840 43.83 125,693,062 97.37 3,400,778 2.63 149,316
3. To approve the Directors' remuneration implementation report 129,093,840 43.83 125,430,859 97.16 3,662,981 2.84 149,316
4. To re-elect Richard John Grant as a director of the Company 129,238,562 43.88 127,863,225 98.94 1,375,337 1.06 4,594
5. To re-elect Paul Maurice Arenson as a director of the Company 129,243,156 43.88 128,725,122 99.60 518,034 0.40 0
Ordinary Resolutions Shares voted % of issued share capital voted* Votes for % of votes for Votes against % of votes against Votes withheld
6. To re-elect Julian Roger Carey as a director of the Company 129,243,156 43.88 128,726,184 99.60 516,972 0.40 0
7. To re-elect James Edward Day Beaumont as a director of the Company 129,219,883 43.88 129,176,323 99.97 43,560 0.03 23,273
8. To re-elect Louisa Mairi Bell as a director of the Company 129,243,156 43.88 129,218,570 99.98 24,586 0.02 0
9. To re-elect Philip John Holland as a director of the Company 129,243,156 43.88 129,219,632 99.98 23,524 0.02 0
10. To re-elect Paul Jerome Miller as a director of the Company 97,821,104 33.21 85,070,225 86.97 12,750,879 13.03 31,422,052
11. To re-elect Richard Sauvan Smith as director of the Company 129,243,156 43.88 129,219,632 99.98 23,524 0.02 0
12. To re-elect Patricia Anne Watson as director of the Company 97,821,104 33.21 90,832,781 92.86 6,988,323 7.14 31,422,052
13. To re-appoint BDO LLP as auditor of the Company 129,243,156 43.88 126,601,798 97.96 2,641,358 2.04 0
Ordinary Resolutions Shares voted % of issued share capital voted* Votes for % of votes for Votes against % of votes against Votes withheld
14. To authorise the Audit and Risk Committee to determine the remuneration of 129,243,156 43.88 129,219,751 99.98 23,405 0.02 0
the auditor
Extraordinary Resolutions Shares voted % of issued share capital voted* Votes for % of votes for Votes against % of votes against Votes withheld
15. THAT the Company be authorised to disapply statutory pre-emption rights on 129,219,883 43.88 113,150,002 87.56 16,069,881 12.44 23,273
the allotment of shares
16. THAT the Company be authorised to disapply statutory pre-emption rights on 129,243,156 43.88 113,226,706 87.61 16,016,450 12.39 0
the allotment of shares for an acquisition or capital investment
17. THAT the Company be authorised to purchase its own shares. 129,219,883 43.88 126,579,009 97.96 2,640,874 2.04 23,273
* excluding ordinary shares held in treasury.
The issued share capital of the Company as at 5.00 p.m. UK time/6.00 p.m. SA
time on Friday, 9 September 2022 (the time by which shareholders who wanted to
attend, speak and vote at the Annual General Meeting were entered on the
Register) was 298,775,175 ordinary shares, with 4,258,406 shares held in
treasury. The total number of voting rights in the Company was therefore
294,516,769.
In accordance with LR 9.6.2 of the Financial Conduct Authority's Listing
Rules, copies of the resolutions will be submitted to the National Storage
Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)
The full text of the resolutions is set out in the notice of Annual General
Meeting which is also available at Industrials REIT - Circulars and Notices
(https://stenpropml.sharepoint.com/sites/Cosec/Shared%20Documents/1.%20Industrials%20REIT%20Limited%20(Topco)/AGMs%20and%20GMs/2022%20AGM/AGM%20on%20the%20Day%20Documents/Industrials%20REIT%20-%20Circulars%20and%20NoticeThe%20complete%20poll%20results%20and%20details%20of%20proxy%20votes%20lodged%20before%20the%20AGM%20will%20be%20available%20shortly%20on%20the%20Investor%20Relations%20section%20of%20the%20Company's%20website%20at%20https:/investor.mediclinic.com/regulatory-news.%C2%A0s)
For further information:
Industrials REIT Limited +44(0)20 3918 6600
Paul Arenson (paul.arenson@industrials.co.uk)
Julian Carey (julian.carey@industrials.co.uk)
James Beaumont (james.beaumont@industrials.co.uk)
Numis Securities Limited (Financial Adviser) +44(0)20 7260 1000
Hugh Jonathan
Vicki Paine
FTI Consulting (PR Adviser) +44(0)20 3727 1000
Richard Sunderland
Richard Gotla
Neel Bose
industrialsreit@fticonsulting.com (mailto:industrialsreit@fticonsulting.com)
Java Capital +27 (0)11 722 3050
(JSE Sponsor)
About Industrials REIT :
Industrials REIT is a UK REIT with a primary listing on the London Stock
Exchange and a secondary listing on the Johannesburg Stock Exchange. The
objective of the Company is to deliver a combination of sustainable growing
income and growth in value to its investors. Industrials REIT focuses on
owning and operating a diversified portfolio of UK purpose built multi-let
industrial (MLI) estates across the UK. The Company aspires to be the leading
MLI business in the UK. For further information, go
to www.industrialsreit.com .
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