REG - Regional REIT Ltd - Result of AGM

Regional REITAnnouncement

25/05/2022 13:15

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RNS Number : 7985M  Regional REIT Limited  25 May 2022

25 May 2022

 

REGIONAL REIT LIMITED

("Regional REIT", the "Group" or the "Company")

 

Result of Annual General Meeting

 

Regional REIT (LSE: RGL), the regional real estate investment specialist
focused on building a diverse portfolio of income producing regional UK core
and core plus office and industrial property assets, is pleased to announce
that, at the Annual General Meeting ("AGM") held today, all resolutions were
passed on a show of hands.

 

The proxy votes received in relation to these resolutions were as follows:

 

 Resolution

 * indicates extraordinary resolution
                                        Votes        %       Votes       %     Votes

                                        For                  Against           Withheld
 Resolution 1                           229,692,569  100.00  10,565      0.01  426,376
 Resolution 2                           229,899,823  99.98   36,001      0.02  193,686
 Resolution 3                           229,889,125  99.98   37,130      0.02  203,255
 Resolution 4                           224,577,513  97.69   5,305,914   2.31  246,083
 Resolution 5                           227,290,020  98.87   2,593,408   1.13  246,082
 Resolution 6                           210,148,380  91.41   19,752,043  8.6   229,087
 Resolution 7                           227,543,059  98.98   2,340,369   1.02  246,082
 Resolution 8                           227,280,020  98.87   2,603,408   1.13  246,082
 Resolution 9                           227,432,139  98.93   2,468,284   1.07  229,087
 Resolution 10                          229,869,594  99.99   12,758      0.01  247,158
 Resolution 11                          229,498,462  99.80   449,244     0.19  181,804
 Resolution 12*                         226,509,943  98.48   3,495,595   1.52  123,972
 Resolution 13*                         226,526,871  98.49   3,479,792   1.51  122,847

 

Notes:

 

1.     Any proxy appointments giving discretion to the Chairman of the AGM
have been included in the "For" totals above for the appropriate resolution.

 

2.     Votes "For" and "Against" any resolution are expressed as a
percentage of votes validly cast for that resolution.

 

3.     A vote "Withheld" is not a vote in law and is not counted in the
calculation of the votes "For" or "Against" a resolution.

 

The full text of the resolutions may be found in the Notice of the AGM, a copy
of which is available on both the Company's website www.regionalreit.com
(http://www.regionalreit.com/) and the National Storage Mechanism.

A copy of the extraordinary resolutions passed at the AGM has been submitted
to the National Storage Mechanism and will shortly be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information please contact:

Link Company Matters Limited

Company Secretary

 

Tel: +44 (0) 1392 477571

rgl-cosec@linkgroup.co.uk (mailto:rgl-cosec@linkgroup.co.uk)

 

About Regional REIT
 

Regional REIT Limited ("Regional REIT" or the "Company") and its
subsidiaries (the "Group") is a United Kingdom ("UK") based real estate
investment trust that launched in November 2015. It is managed
by London & Scottish Property Investment Management Limited, the Asset
Manager, and Toscafund Asset Management LLP, the Investment Manager.

Regional REIT's commercial property portfolio is comprised wholly of income
producing UK assets and comprises, predominantly of offices located in the
regional centres outside of the M25 motorway. The portfolio is geographically
diversified, with 168 properties, 1,077 occupiers as at 31 December 2021, with
a valuation of c.£906.1m.

Regional REIT pursues its investment objective by investing in, actively
managing and disposing of regional core and core plus property assets. It aims
to deliver an attractive total return to its Shareholders, targeting greater
than 10% per annum, with a strong focus on income supported by additional
capital growth prospects.

The Company's shares were admitted to the Official List of
the UK's Financial Conduct Authority and to trading on the London Stock
Exchange on 6 November 2015. For more information, please visit the Group's
website at  www.regionalreit.com (http://www.regionalreit.com) .

 

Cautionary Statement

This document has been prepared solely to provide additional information to
Shareholders to assess the Group's performance in relation to its operations
and growth potential. The document should not be relied upon by any other
party or for any other reason. Any forward looking statements made in this
document are done so by the Directors in good faith based on the information
available to them up to the time of their approval of this document. However,
such statements should be treated with caution due to the inherent
uncertainties, including both economic and business risk factors, underlying
any such forward-looking information.

 

ESMA Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73

 

 

 

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