Source - RNS
RNS Number : 4362H
Secure Income REIT PLC
07 June 2017
 

7 June 2017

 

Secure Income REIT Plc

Result of AGM

The Board of Secure Income REIT Plc (the "Company"), the specialist long term income REIT, confirms that, at the Annual General Meeting of the company held on 7 June 2017, all resolutions proposed were duly passed. 

The results of voting for each resolution were:


For

% For

Against

% Against

1  Approval of accounts

156,402,353

98.89

1,749,249

1.11

2  Reappointment of Nick Leslau

156,401,153

98.89

1,450,449

1.11

3  Reappointment of Leslie Ferrar

158,144,672

99.99

6,930

0.01

4  Reappointment of BDO LLP

156,361,247

98.87

1,790,355

1.13

5  Directors' authority to fix auditors' fees

158,104,766

99.97

46,836

0.03

6  Authorisation to make market purchases

158,145,872

99.99

5,730

0.01

7  Authorisation to make non pre-emptive share issues

148,002,389

93.58

10,149,213

6.42

There were no votes withheld in respect of any resolution.  Total votes cast for each resolution amounted to 68.6% of shares in issue. 

 

For further information on the Company, please contact:

Secure Income REIT Plc

+44 20 7647 7647

Sandy Gumm

 




Stifel Nicolaus Europe Limited (Nominated Adviser)

+44 20 7710 7600

David Arch


Tom Yeadon

 




FTI Consulting

+44 20 3727 1000

Richard Sunderland


Claire Turvey


 

About Secure Income REIT

Secure Income REIT floated as a Real Estate Investment Trust on the AIM segment of the London Stock Exchange in June 2014.  Upon Admission, shares were issued at 174p representing a market capitalisation of £293 million, which has subsequently grown to approximately £800 million.

 

The Company specialises in generating long term, inflation protected, secure income from real estate investments.  Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows.

 

At 31 December 2016, the Company's investment property portfolio was valued at approximately £1.64 billion, producing approximately £92.6 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of over 23 years, one of the longest income profiles in the quoted UK real estate sector.  All rental income is subject to fixed or RPI upwards only rent reviews.

 

The Company is advised by Prestbury Investments LLP which was adviser to Max Property Group plc until August 2014, when Max Property Group plc was sold to Blackstone Group.  Prestbury Investments LLP is a partnership of real estate and finance professionals including Nick Leslau, Mike Brown, Tim Evans, Ben Walford and Sandy Gumm. 

 

The Company's Board is chaired by Martin Moore and also comprises three further independent Directors in Leslie Ferrar, Jonathan Lane and Ian Marcus, as well as three members of the Prestbury Team in Nick Leslau, Mike Brown and Sandy Gumm.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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