RNS Number : 5939T
Alternative Income REIT PLC
15 November 2023

15 November 2023

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 (inclusive) 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 2023

25,276,814

99.96

9,181

0.04

25,285,995

31.41

31,462

2

To approve the Directors' Remuneration Report

24,634,076

99.74

64,558

0.26

24,698,634

30.68

618,823

3

To approve the Directors' Remuneration Policy

25,145,991

99.60

100,558

0.40

25,246,549

31.36

70,908

4

To elect Simon Bennett as a director

25,236,441

99.86

36,608

0.14

25,273,049

31.40

44,408

5

To re-elect Stephanie Eastment as a director

25,235,215

99.85

37,834

0.15

25,273,049

31.40

44,408

6

To re-elect Adam Smith as a director

24,659,441

97.57

613,608

2.43

25,273,049

31.40

44,408

7

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

25,214,650

99.82

46,484

0.18

25,261,134

31.38

56,323

8

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

25,276,305

99.93

18,690

0.07

25,294,995

31.42

22,462

9

To approve the Company's dividend policy

25,284,814

99.96

9,181

0.04

25,293,995

31.42

23,462

10

To authorise the directors to allot shares

25,129,892

99.37

158,605

0.63

25,288,497

31.41

28,960

11

To authorise the disapplication of pre-emption rights up to 10%

24,924,295

98.56

363,202

1.44

25,287,497

31.41

29,960

12

To authorise the disapplication of pre-emption rights up to a further 10% in connection with an acquisition or specified capital investments

24,965,632

98.71

325,865

1.29

25,291,497

31.42

25,960

13

To authorise the Company to purchase its own shares

25,252,947

99.80

51,050

0.20

25,303,997

31.43

13,460

14

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

24,662,553

97.51

630,583

2.49

25,293,136

31.42

24,321

* 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 15 November 2023, 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 9 October 2023, a copy of which is available on the Company's website at https://www.alternativeincomereit.com/investors/reporting-centre/

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


Simon Bennett - Chairman

via H/Advisors Maitland below



M7 Real Estate Ltd

Richard Croft

Jane Blore

020 3657 5500



Panmure Gordon (UK) Limited

020 7886 2500

Alex Collins


Tom Scrivens




H/Advisors Maitland (Communications Advisor)

07747 113 930 / 020 7379 5151

James Benjamin

Rachel Cohen

aire-maitland@h-advisors.global

The Company's LEI is 213800MPBIJS12Q88F71.

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

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.

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 index linked rent review provisions.

The Company's asset manager is M7 Real Estate Limited ("M7"). M7 is a leading specialist in the pan-European, regional, multi-tenanted real estate market. It has over 230 employees in 14 countries and territories. The team manages over 610 assets with a value of circa ?6.9 billion (at 30 September 2023).

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