REG - Regional REIT Ltd - Result of AGM

Regional REITAnnouncement

05/08/2024 14:45

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RNS Number : 2327Z  Regional REIT Limited  05 August 2024

05 August 2024

 

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, is
pleased to announce that, at the Annual General Meeting ("AGM") held today,
all resolutions were passed on a poll.

 

The results of the poll for each resolution were as follows:

 

 

 Resolution      Votes                                                                 %       Votes                           %      Votes

                 For                                                                           Against                                Withheld
 Resolution 1                                                                          99.84%              103,477             0.16%                    2,513
                 63,241,793
 Resolution 2                                                                          99.73%              169,188             0.27%                    3,214
                 63,175,381
 Resolution 3                                                                          99.75%              157,860             0.25%                    9,327
                 63,180,596
 Resolution 4                                                                          96.17%           2,427,153              3.83%                  24,456
                 60,896,175
 Resolution 5                                                                          93.18%           4,316,757              6.82%                  20,657
                 59,010,369
 Resolution 6                                                                          93.21%           4,300,890              6.79%                  36,368
                 59,010,525
 Resolution 7                                                                          93.22%           4,290,332              6.78%                  36,368
                 59,021,083
 Resolution 8                                                                          93.23%           4,285,835              6.77%                  36,368
                 59,025,580
 Resolution 9                                                                          99.75%              158,392             0.25%                       983
                 63,188,408
 Resolution 10                                                                         99.66%              216,679             0.34%                  10,810
                 63,120,294
 Resolution 11*                                                                        93.83%           3,903,480              6.17%                  66,556
                 59,377,747
 Resolution 12*                                                                        93.81%           3,915,895              6.19%                  59,332
                 59,372,556

 

*indicates extraordinary resolution

 

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.

 

4.   The number of shares in issue on 5 August 2024 was 162,088,483 ordinary
shares, carrying one vote each, and at that time, the Company did not hold any
shares in treasury.

 

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 will shortly be
submitted to the National Storage Mechanism and will be available for
inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

- ENDS -

 

 

Enquiries:

 

 Regional REIT Limited
 Press enquiries through Buchanan

 ESR Europe Private Markets Limited                         Tel: +44 (0) 203 831 9776
 Investment Adviser to the Group
 Adam Dickinson, Investor Relations, Regional REIT Limited

 London & Scottish Property Investment Management           Tel: +44 (0) 141 248 4155
 Asset Manager to the Group
 Stephen Inglis

 Buchanan Communications                                    Tel: +44 (0) 20 7466 5000
 Financial PR
 Charles Ryland, Henry Wilson, George Beale

 

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 ESR Europe Private Markets Limited, the Investment Adviser.

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 132 properties, 827 tenants as at 21 June 2024, with a
valuation of c.£647.8m.

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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