RNS Number : 0362G
Alternative Income REIT PLC
10 November 2022
 

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

 

10 November 2022

Alternative Income REIT plc

(the "Company" or "Group")

RESULT OF ANNUAL GENERAL MEETING

 

The Board of Alternative Income REIT plc is pleased to announce that at the Company's Annual General Meeting held today, all resolutions were passed on a show of hands.

 

Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and resolutions 11 to 14 were proposed as special resolutions. The proxy votes received prior to the meeting were as follows:

 

Resolution

Votes For*

%

Votes Against

%

Total votes validly cast

Total votes cast as % of issued share capital

Votes Withheld**

1

To receive and adopt the audited financial statements of the Company for the financial year ended 30 June 2022

24,707,047

99.75

6,787

0.03

24,768,305

30.77

3,000

2

To approve the Directors' Remuneration Report

24,089,531

99.57

50,167

0.21

24,194,169

577,136

3

To re-elect Alan Sippetts as a Director

24,671,842

99.68

24,432

0.10

24,750,745

30.75

20,560

4

To re-elect Adam Smith as a Director

24,097,042

97.36

599,232

2.42

24,750,745

30.75

20,560

5

To re-elect Stephanie Eastment as a Director

24,653,942

99.57

51,432

0.21

24,759,845

30.76

11,460

6

To re-appoint Moore Kingston Smith LLP as independent Auditor of the Company

24,686,402

99.68

24,432

0.10

24,765,305

6,000

7

To authorise the Audit Committee to determine the Auditor's remuneration

24,705,047

99.75

6,787

0.03

24,766,305

5,000

8

To approve the continuation of the Company in its current form

24,463,493

98.78

248,341

1.00

24,766,305

5,000

9

To approve the Company's dividend policy

24,707,047

99.75

6,787

0.03

24,768,305

30.77

3,000

10

To authorise the Directors to allot shares

24,622,222

99.46

79,052

0.32

24,755,745

30.75

15,560

11

To authorise the disapplication of pre-emption rights up to 5%

24,461,898

98.79

245,476

0.99

24,761,845

30.76

9,460

12

To authorise the disapplication of pre-emption rights up to a further 5% in connection with an acquisition or specified capital investments

24,492,073

98.91

214,725

0.87

24,761,269

30.76

10,036

13

To authorise the Company to purchase its own shares

24,674,047

99.72

14,787

0.06

24,743,305

30.74

3,000

14

To authorise the calling of general meetings, other than an annual general meeting, on not less than 14 clear days' notice

24,102,185

97.43

581,649

2.35

24,738,305

30.73

8,000

 

* Any discretionary votes have been included in the "For" totals.

**A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

 

Every shareholder has one vote for every Ordinary Share held. As at 10 November 2022, the share capital of the Company consisted of 80,500,000 Ordinary Shares of £0.01 each with voting rights. The Company does not hold any shares in Treasury.

  

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 5 October 2022, a copy of which is available on the Company's website at https://www.alternativeincomereit.com/investors/documents/2021.

 

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

ENQUIRIES

Alternative Income REIT PLC

 

Alan Sippetts - Chairman

via Maitland/AMO below



M7 Real Estate Ltd

Richard Croft

+44 (0)20 3657 5500



Panmure Gordon (UK) Limited

+44 (0)20 7886 2500

Alex Collins


Tom Scrivens


Chloe Ponsonby




Maitland/AMO (Communications Adviser)

+44(0) 7747 113 930

James Benjamin

james.benjamin@maitland.co.uk

 

The Company's LEI is 213800MPBIJS12Q88F71.

Further information on Alternative Income REIT plc is available at www.alternativeincomereit.com1.

 

NOTES

Alternative Income REIT PLC aims to generate a sustainable, secure and attractive income return for shareholders from a diversified portfolio of UK property investments, predominately in alternative and specialist sectors. The majority of the assets in the Group's portfolio are let on long leases which contain inflation linked rent review provisions.

 

The Company's investment adviser is M7 Real Estate Limited ("M7"). M7 is a leading specialist in the pan-European, regional, multi-tenanted real estate market. Majority owned by its senior managers, it has over 200 employees in 14 countries across Europe. The team manages over 835 properties with a value of circa €4.9 billion.

1    Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website or any other website, is incorporated into, or forms part of, this announcement nor, unless previously published on a Regulatory Information Service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

 

 

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