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 Meeting | Votes against resolution as a percentage of total number of shares voted at the Meeting | 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/ 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 2025. | 99.87% | 0.13% | 994,307,133 | 73.67% | 0.22% |
| 16: To authorise the Directors generally and unconditionally to allot equity securities. | 78.51% | 21.49% | 994,304,133 | 73.67% | 0.22% |
| Special Resolutions |
| ||||
| 17: To authorise the issue of up to 10% of issued share capital as if pre-emption rights did not apply. | 95.48% | 4.52% | 994,304,133 | 73.67% | 0.22% |
| 18: To authorise the issue of an additional 10% of issued share capital as if pre-emption rights did not apply for acquisitions/capital investments. | 92.90% | 7.10% | 994,314,886 | 73.67% | 0.22% |
| 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 purchases of ordinary shares of the Company. | 99.59% | 0.41% | 993,258,531 | 73.59% | 0.30% |
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/.
For further information:
| Sirius Real Estate Andrew Coombs, CEO Chris Bowman, CFO | +44 (0) 20 3059 0855 |
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| FTI Consulting (Financial PR) Richard Sunderland James McEwan Talia Shirion
SiriusRealEstate@fticonsulting.com | +44 (0) 20 3727 1000
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| JSE Sponsor PSG Capital | |
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