REG - Sirius Real Estate - Result of AGM

Sirius Real EstateAnnouncement

28/06/2024 16:30

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RNS Number : 4263U  Sirius Real Estate Limited  28 June 2024

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

 

28 June
2024

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 today, Friday, 28 June 2024, 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 and Accounts 2024.                     99.95%                                                                       0.05%                                                                        993,446,553                            73.61%                                                                     0.28%
 2: To re-elect Chris Bowman as a Director.                                     99.96%                                                                       0.04%                                                                        994,323,123                            73.67%                                                                     0.22%
 3: To re-elect Caroline Britton as a Director.                                 98.04%                                                                       1.96%                                                                        994,109,378                            73.66%                                                                     0.23%
 4: To re-elect Mark Cherry as a Director.                                      98.74%                                                                       1.26%                                                                        994,323,123                            73.67%                                                                     0.22%
 5: To re-elect Kelly Cleveland as a Director.                                  98.80%                                                                       1.20%                                                                        994,323,123                            73.67%                                                                     0.22%
 6: To re-elect Andrew Coombs as a Director.                                    99.84%                                                                       0.16%                                                                        994,217,940                            73.67%                                                                     0.23%
 7: To elect Deborah Davis as a Director.                                       99.99%                                                                       0.01%                                                                        994,323,123                            73.67%                                                                     0.22%
 8: To re-elect Joanne Kenrick as a Director.                                   97.82%                                                                       2.18%                                                                        994,323,123                            73.67%                                                                     0.22%
 9: To re-elect Daniel Kitchen as a Director.                                   98.48%                                                                       1.52%                                                                        994,323,123                            73.67%                                                                     0.22%
 10: To re-appoint Ernst & Young LLP as auditor.                                99.98%                                                                       0.02%                                                                        994,309,530                            73.67%                                                                     0.22%
 11: To approve fixing the auditor's remuneration.                              99.99%                                                                       0.01%                                                                        994,323,221                            73.67%                                                                     0.22%
 12: To approve the dividend.                                                   100.00%                                                                      0.00%                                                                        994,323,221                            73.67%                                                                     0.22%
 13: To approve the Remuneration Policy.                                        84.23%                                                                       15.77%                                                                       994,287,707                            73.67%                                                                     0.22%
 14: To approve the Implementation Report on the Remuneration Policy.           98.98%                                                                       1.02%                                                                        990,039,827                            73.36%                                                                     5.36%
 15: To approve scrip dividend scheme, for the financial year ending 31 March   99.87%                                                                       0.13%                                                                        994,307,133                            73.67%                                                                     0.22%
 2025.
 16: To authorise the Directors generally and unconditionally to allot equity   78.51%                                                                       21.49%                                                                       994,304,133                            73.67%                                                                     0.22%
 securities.
 Special Resolutions
 17: To authorise the issue of up to 10% of issued share capital as if          95.48%                                                                       4.52%                                                                        994,304,133                            73.67%                                                                     0.22%
 pre-emption rights did not apply.
 18: To authorise the issue of an additional 10% of issued share capital as if  92.90%                                                                       7.10%                                                                        994,314,886                            73.67%                                                                     0.22%
 pre-emption rights did not apply for acquisitions/capital investments.
 19: To approve the ESIP rules and Trust Deed.                                  100.00%                                                                      0.00%                                                                        994,234,468                            73.67%                                                                     0.22%
 20: To authorise the Company or any of its subsidiaries to make market         99.59%                                                                       0.41%                                                                        993,258,531                            73.59%                                                                     0.30%
 purchases of ordinary shares of the Company.

 

Note:

*The total number of shares in issue as at the date of the Meeting was
1,349,623,348 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 Friday,
26 July 2024. 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                     +44 (0) 20 3059 0855

 Andrew Coombs, CEO

 Chris Bowman, 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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