RNS Number : 3046B
Warehouse REIT PLC
19 September 2018
 

19 September 2018

 

Warehouse REIT plc

(the 'Company' or 'Warehouse REIT')

 

Result of Annual General Meeting

 

The Company is pleased to announce that, at the Annual General Meeting held on 19 September 2018, resolutions 1 to 13, 15 and 16 were passed on a show of hands, including the following resolutions:

 

Resolution 12 (ordinary resolution): To authorise the Directors to allot shares pursuant to Section 551 of the Companies Act 2006.

 

Resolution 13 (special resolution): To authorise the Directors to disapply statutory pre-emption rights in relation to the issue of ordinary shares.

 

Resolution 15 (special resolution): To authorise the Directors to make market purchases of the Company's own shares.

 

Resolution 16 (special resolution): To hold general meetings (other than annual general meetings) on 14 clear days' notice.

 

A poll was called on Resolution 14 (special resolution): To authorise the Directors to disapply statutory pre-emption rights in relation to the issue of ordinary shares for the purposes of financing a transaction. The results of the poll were as follows:

 

 

Votes For

Votes Against

Votes Withheld

 

Votes

% Votes Cast

Votes

% Votes Cast

Resolution 14

54,522,440

76.96%

16,318,299

23.04%

850,278

 

Accordingly, Resolution 14 was carried.

 

The proxy votes received in relation to each of the resolutions were as follows:

 

Resolutions

Votes For

Votes Against

Votes at Chairman's Discretion

Votes Withheld

Resolution 1

62,033,283

183,700

167,226

0

Resolution 2

62,022,086

184,700

167,226

10,197

Resolution 3

62,012,251

184,700

167,226

20,032

Resolution 4

62,020,586

183,700

167,226

12,697

Resolution 5

54,335,756

7,868,530

167,226

12,697

Resolution 6

57,560,005

4,644,281

167,226

12,697

Resolution 7

62,020,586

183,700

167,226

12,697

Resolution 8

62,020,586

183,700

167,226

12,697

Resolution 9

58,366,586

3,834,700

167,226

15,697

Resolution 10

62,020,586

184,700

167,226

11,697

Resolution 11

62,036,983

180,000

167,226

0

Resolution 12

62,015,086

183,700

167,226

18,197

Resolution 13

61,978,759

218,527

167,226

19,697

Resolution 14

45,068,406

16,318,299

167,226

830,278

Resolution 15

58,375,656

3,839,827

167,226

1,500

Resolution 16

61,268,815

948,168

167,226

0

 

The Directors note the substantially higher proportion of proxy votes received against Resolution 14 as compared with each of the other Resolutions. The Board believes that these votes against were based on recently updated guidance released by various voting bodies including PIRC and ISS. However, the Company will engage with shareholders to discuss the reasons for the votes against this resolution.

 

 Enquiries:

Warehouse REIT plc                                                                                                                       via FTI Consulting

Tilstone Partners Limited
Andrew Bird, Paul Makin            

44 (0) 1244 470 090

G10 Capital Limited (part of the Lawson Conner Group), acting as AIFM
Agnese Soldane, Gerhard Grueter          

44 (0) 20 3696 1302

Peel Hunt (Financial Adviser, Nominated Adviser and Broker)
Capel Irwin, Carl Gough, Harry Nicholas

44 (0)20 7418 8900

FTI Consulting (Financial PR & IR Adviser to the Company)
Dido Laurimore, Ellie Sweeney, Richard Gotla

44 (0) 20 3727 1000

 

 


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