RNS Number : 5015P
Empiric Student Property PLC
22 May 2024
 

 

Empiric Student Property plc

("Empiric" or the "Company" or, together with its subsidiaries, the "Group")

 

RESULTS OF ANNUAL GENERAL MEETING

 

Empiric Student Property plc (ticker: ESP), the owner and operator of premium, studio-led student accommodation aligned to top-tier universities, announces that all resolutions proposed at the Company's Annual General Meeting held on 22 May 2024 were voted on and duly passed by a poll by the Company's shareholders and the results of the poll, including proxy votes received, are set out below.

 

 Resolutions 1 to 14 (inclusive) were proposed as ordinary resolutions and resolutions 15 to 18 (inclusive) were proposed as special resolutions.

 

RESOLUTION

FOR*

AGAINST

WITHHELD

VOTES**

 

VOTES

% OF VOTES CAST*

VOTES

% OF VOTES CAST*

 

1.   To receive the Company's Annual Report and Accounts for the financial year ended 31 December 2023

454,756,254

99.9953

21,586

0.0047

316,535

2.   To approve the Directors' Remuneration Report for the year ended 31 December 2023

415,178,567

91.2336

39,893,651

8.7664

22,157

3.   To approve a replacement Long Term Incentive Plan 

448,055,710

98.4599

7,008,386

1.5401

30,279

4.   To re-appoint BDO LLP as Auditors of the Company

448,245,594

99.9837

73,251

0.0163

6,775,530

5.   To authorise the Directors to determine the remuneration of the Auditors

455,037,108

99.9880

54,458

0.0120

2,809

6.   To authorise the Directors to declare and pay all dividends as interim dividends

454,246,539

99.9979

9,386

0.0021

838,450

7.   To re-elect Mark Pain as a Director of the Company

376,489,469

89.7282

43,099,394

10.2718

35,505,512

8.   To elect Alice Avis as a Director of the Company

449,974,665

98.8763

5,113,939

1.1237

5,771

9.   To re-elect Duncan Garrood as a Director of the Company

453,853,940

99.7288

1,234,265

0.2712

6,170

10.  To re-elect Martin Ratchford as a Director of the Company

449,976,986

98.8769

5,111,218

1.1231

6,171

11.  To re-elect Clair Preston-Beer as a Director of the Company

449,978,518

98.8771

5,110,086

1.1229

5,771

12.  To re-elect Donald Grant as a Director of the Company

451,298,409

99.1672

3,789,796

0.8328

6,170

13.  To authorise the Directors to allot shares under up to the limits set out in the Notice of meeting

438,075,450

96.2616

17,013,152

3.7384

5,773

14.  To approve the Company's two-year Climate Strategy Plan.

328,749,307

74.7764

110,893,575

25.2236

15,451,493

15. Special Resolution - To authorise  the Directors to allot equity securities for cash, without making a pre-emptive offer to shareholders, up to the limits set out in the Notice of Meeting.

419,365,759

92.1576

35,687,126

7.8424

41,490

16. Special Resolution To authorise  the Directors to allot equity securities for cash in connection with a specified investment, without making a pre-emptive offer to shareholders, up to the limits set out in the Notice of Meeting.

404,313,335

88.8814

50,577,677

11.1186

203,363

17. Special Resolution To authorise the Company to make market purchases of own shares in the Company

448,156,276

98.5026

6,812,633

1.4974

125,466

18. Special resolution - That a general meeting may be called on not less than 14 clear days' notice

437,621,390

96.1606

17,472,981

3.8394

4

 

* Includes discretionary votes

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

 

As at the date of the meeting, there were 603,463,617 ordinary shares with voting rights in issue. The Company does not hold any shares in Treasury.

 

The Company was disappointed with the outcome of resolution 14, regarding the advisory vote on its two-year climate related commitments. We will shortly engage with shareholders to better understand the votes received against this resolution.

In accordance with Listing Rule 9.6.2(R), a copy of the resolutions passed at the Annual General Meeting, other than those constituting ordinary business, will be available for inspection on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

ENDS

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

Empiric Student Property plc

(via FTI Consulting below)

Duncan Garrood (Chief Executive Officer)


Donald Grant (Chief Financial & Sustainability Officer)


 


 


FTI Consulting (Communications Adviser)

020 3727 1000

Dido Laurimore

Eve Kirmatzis

empiric@fticonsulting.com

 

 

 

The Company's LEI is 213800FPF38IBPRFPU87.

 

Further information on Empiric can be found on the Company's website at www.empiric.co.uk.

 

Notes:

Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation serving key UK universities. Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student operating platform, that is attractive to affluent growing student segments.

 

The Company, an internally managed real estate investment trust ("REIT") incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014. The Company is classified as a commercial company listed under chapter 6 of the UK Listing rules and as such is not an alternative investment fund ("AIF") for the purposes of the Alternative Investment Fund Managers Directive ("AIFMD") and is not required to provide investors with a Key information Document ("KID") in accordance with the Packaged Retail and Insurance-based Investment Products ("PRIIPs") regulations.

 

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