REG - Sirius Real Estate - Result of AGM

Sirius Real EstateAnnouncement

11/07/2023 12:15

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RNS Number : 6660F  Sirius Real Estate Limited  11 July 2023

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

 

11 July
2023

Sirius Real Estate Limited

("Sirius Real Estate", "Sirius" or the "Company")

 

Result of Annual General Meeting

Sirius Real Estate announces that at the Annual General Meeting (the
"Meeting") held yesterday, Monday, 10 July 2023, all resolutions were duly
passed.

The result of the vote on each resolution is shown below:

 Resolution proposed at the Meeting                                              Votes for resolution as a percentage of total number of shares voted at the  Votes against resolution as a percentage of total number of shares voted at  Number of shares voted at the Meeting  Number of shares voted at the Meeting as a percentage of shares in issue*  Number of shares abstained/
                                                                                 Meeting                                                                      the Meeting

                                                                                                                                                                                                                                                                                                                                                             withheld as a percentage of shares in issue*
 Ordinary Resolutions
 1: To receive and approve Annual Report 2023.                                   100.00%                                                                      0.00%                                                                        837,649,490                            71.12%                                                                     0.30%
 2: To elect Chris Bowman as a Director.                                         99.60%                                                                       0.40%                                                                        838,267,531                            71.18%                                                                     0.24%
 3: To re-elect Caroline Britton as a Director.                                  98.20%                                                                       1.80%                                                                        838,267,531                            71.18%                                                                     0.24%
 4: To re-elect Mark Cherry as a Director.                                       97.22%                                                                       2.78%                                                                        838,267,531                            71.18%                                                                     0.24%
 5: To re-elect Kelly Cleveland as a Director.                                   97.22%                                                                       2.78%                                                                        838,267,531                            71.18%                                                                     0.24%
 6: To re-elect Andrew Coombs as a Director.                                     98.97%                                                                       1.03%                                                                        838,267,531                            71.18%                                                                     0.24%
 7: To re-elect Joanne Kenrick as a Director.                                    96.91%                                                                       3.09%                                                                        838,267,531                            71.18%                                                                     0.24%
 8: To re-elect Daniel Kitchen as a Director.                                    94.96%                                                                       5.04%                                                                        838,267,531                            71.18%                                                                     0.24%
 9: To re-elect James Peggie as a Director.                                      97.70%                                                                       2.30%                                                                        838,267,530                            71.18%                                                                     0.24%
 10: To re-appoint Ernst & Young LLP as auditors.                                99.91%                                                                       0.09%                                                                        838,252,389                            71.18%                                                                     0.25%
 11: To approve fixing the auditors' remuneration.                               99.91%                                                                       0.09%                                                                        838,266,031                            71.18%                                                                     0.24%
 12: (non-binding): To approve the dividend.                                     100.00%                                                                      0.00%                                                                        838,267,531                            71.18%                                                                     0.24%
 13. (non-binding): To approve the Remuneration Policy.                          91.72%                                                                       8.28%                                                                        838,169,985                            71.17%                                                                     0.25%
 14. (non-binding): To approve the Implementation Report on the Remuneration     87.65%                                                                       12.35%                                                                       837,344,885                            71.10%                                                                     0.32%
 Policy.
 15: To approve scrip dividend scheme for financial year ending 31 March 2024.   99.64%                                                                       0.36%                                                                        838,166,559                            71.17%                                                                     0.25%
 16: To authorise the Directors generally and unconditionally to allot equity    77.50%                                                                       22.50%                                                                       838,166,559                            71.17%                                                                     0.25%
 securities.
 Special Resolutions
 17: To authorise the Directors to issue of up to ten percent. (10%) of issued   82.56%                                                                       17.44%                                                                       838,261,110                            71.18%                                                                     0.24%
 share capital as if pre-emption rights did not apply.
 18: To authorise the Directors to issue of an additional ten percent. (10%) of  83.79%                                                                       16.21%                                                                       838,261,110                            71.18%                                                                     0.24%
 issued share capital as if pre-emption rights did not apply for
 acquisitions/capital investments.
 19: To authorise the Company or any of its subsidiaries to make market          99.50%                                                                       0.50%                                                                        836,669,786                            71.04%                                                                     0.38%
 purchases of ordinary Shares of the Company.

 

Note:

*The total number of shares in issue as at the date of the Meeting was
1,177,722,985, of which zero were treasury shares.

 

In accordance with provision 4 of Section 1 of the UK Corporate Governance
Code 2018

(the "UK Code"), the Company notes the votes cast against Resolution 16 were
greater than 20% of those exercised in total by the Company's shareholders.

 

The Board has been engaging with shareholders in respect of Resolution 16 in
the lead up to the Meeting and has a good understanding of the concerns of
some of Sirius' major shareholders.   It is, however, the intention to
extend the consultation process and report to shareholders in line with the
requirements of the UK Code.

 

The Company extends an invitation to shareholders to engage with the Company.
Should shareholders wish to contact the Company with any concerns, they are
requested to send their concerns in writing to the Company Secretary at
cosec@sirius-real-estate.com, by not later than close of business on Monday,
31 July 2023. Sirius will address those concerns in its consultation process
identified above.

 

In accordance with Listing Rule 9.6.2 of the Financial Conduct Authority's
Listing Rules, copies of the resolutions passed as special business will be
submitted to the National Storage Mechanism and will shortly be available for
inspection.

 

The full text of the resolutions can be found in the 'Investors' section of
the Company website, under 'Results & presentations & notices', and is
available for inspection here
https://www.sirius-real-estate.com/investors/results-presentations-notices/
(https://www.sirius-real-estate.com/investors/results-presentations-notices/)
.

For further information:

 Sirius Real Estate                     +49 (0) 30 285 010 110

 Andrew Coombs, CEO

 Alistair Marks, CIO and interim CFO

 FTI Consulting (Financial PR)          +44 (0) 20 3727 1000

 Richard Sunderland

 James McEwan

 Talia Shirion

 SiriusRealEstate@fticonsulting.com

 JSE Sponsor

 PSG Capital

 

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