26 September 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
For immediate release.
Ediston Property Investment Company plc
Results of General Meeting - Proposed Disposal of the Property Portfolio
On 8 September 2023, Ediston Property Investment Company plc (the "Company") published its shareholder circular (the "Circular") containing a notice of General Meeting in connection with the proposed sale (the "Disposal") of the entirety of the EPIC Group's property portfolio to RI UK 1 Limited, a wholly owned subsidiary of Realty Income, for cash consideration of £200.8 million, prior to agreed deductions of approximately £4.0 million.
At the General Meeting held earlier today, the ordinary resolution to approve the Disposal was duly passed by way of a poll and the results of the poll, including the proxy votes received, were as follows:
resolution | number of votes for | % of votes for | number of votes against | % of votes against | total number of votes validly cast | % of total voting rights | number of votes withheld* |
To approve the Disposal | 113,032,503 | 92.58 | 9,064,324 | 7.42 | 122,096,827 | 57.77 | 107,970 |
Notes:
* A "vote withheld" is not a vote in law and is not counted in the calculation of the votes for and against a resolution.
Completion of the Disposal is expected to occur on 28 September 2023. A further announcement will be made immediately following Completion.
Capitalised terms used in this announcement have the meanings given to them in the Circular, which is available on the Company's website at https://www.epic-reit.com.
In accordance with Listing Rule 9.6.2, a copy of the resolution passed will be shortly submitted to the National Storage Mechanism of the FCA and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Dickson Minto Advisers is acting as sponsor to the Company in connection with the Disposal.
Enquiries | |
Investec Bank plc (Lead Financial Adviser and Corporate Broker) | 020 7597 4000 |
David Yovichic | |
Denis Flanagan | |
| |
Dickson Minto Advisers | 020 7649 6823 |
Douglas Armstrong | |
| |
KL Communications (PR Advisers) | 07729 911301 |
Stephanie Ross | |
Ben Robinson | |
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