8 December 2023
SUPERMARKET INCOME REIT PLC
(the "Company")
RESULT of ANNUAL GENERAL MEETING
Supermarket Income REIT plc (LSE: SUPR), announces that at the Company's Annual General Meeting ("AGM") held on Thursday, 7 December 2023, all resolutions were passed on a poll and the results of the poll and proxy votes received are set out below.
Resolutions 1 to 13 (inclusive) were proposed as ordinary resolutions and resolutions 14 to 17 (inclusive) were proposed as special resolutions.
| | Resolution | Votes For* | % | Votes Against | % | Total votes validly cast | Total votes cast as % of issued share capital | Vote Withheld ** |
| 1 | Receive annual accounts for year ended 30 June 2023 | 766,101,824 | 99.67% | 2,539,700 | 0.33% | 768,641,524 | 61.68% | 735,070 |
| 2 | Approve Directors' remuneration report | 765,925,240 | 99.81% | 1,451,488 | 0.19% | 767,376,728 | 61.58% | 1,999,866 |
| 3 | Approve Company's dividend policy | 769,285,466 | 99.99% | 54,697 | 0.01% | 769,340,163 | 61.73% | 36,431 |
| 4 | Authority to offer a scrip dividend alternative | 768,933,870 | 99.95% | 387,483 | 0.05% | 769,321,353 | 61.73% | 55,241 |
| 5 | Re-elect Nick Hewson as a Director | 759,233,086 | 99.11% | 6,855,261 | 0.89% | 766,088,347 | 61.47% | 3,288,247 |
| 6 | Re-elect Vincent Prior as a Director | 763,478,826 | 99.26% | 5,677,298 | 0.74% | 769,156,124 | 61.72% | 220,470 |
| 7 | Re-elect Jon Austen as a Director | 769,005,561 | 99.98% | 149,529 | 0.02% | 769,155,090 | 61.72% | 221,504 |
| 8 | Re-elect Cathryn Vanderspar as a Director | 766,495,487 | 99.98% | 181,343 | 0.02% | 766,676,830 | 61.52% | 2,699,764 |
| 9 | Re-elect Frances Davies as a Director | 766,528,990 | 99.98% | 147,840 | 0.02% | 766,676,830 | 61.52% | 2,699,764 |
| 10 | Elect Sapna Shah as a Director | 768,963,901 | 99.98% | 190,952 | 0.02% | 769,154,853 | 61.72% | 221,741 |
| 11 | To re-appoint BDO LLP as the Company's auditor | 766,412,454 | 99.99% | 91,890 | 0.01% | 766,504,344 | 61.51% | 2,872,250 |
| 12 | To authorise the board of Directors to determine the auditors' remuneration | 769,035,397 | 99.96% | 282,176 | 0.04% | 769,317,573 | 61.73% | 59,021 |
| 13 | To authorise the Directors to allot shares under section 551 Companies Act 2006 | 751,636,575 | 97.70% | 17,670,821 | 2.30% | 769,307,396 | 61.73% | 69,198 |
| 14 | To disapply statutory pre-emption rights under section 570 Companies Act 2006 | 737,701,288 | 96.07% | 30,150,701 | 3.93% | 767,851,989 | 61.61% | 1,524,605 |
| 15 | To disapply statutory pre-emption rights under section 570 Companies Act 2006 up to a further 10% | 732,613,753 | 95.47% | 34,779,901 | 4.53% | 767,393,654 | 61.58% | 1,982,940 |
| 16 | To authorise the Company to make market purchase of its own ordinary shares | 740,369,984 | 97.31% | 20,431,676 | 2.69% | 760,801,660 | 61.05% | 8,574,934 |
| 17 | To permit general meetings to be called on 14 days' notice | 740,960,439 | 96.32% | 28,325,282 | 3.68% | 769,285,721 | 61.73% | 90,873 |
* 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.
Every shareholder has one vote for every Ordinary Share held. As at 7 December 2023, the share capital of the Company consisted of 1,246,236,185 Ordinary Shares with voting rights. The Company does not hold any shares in Treasury.
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
| FOR FURTHER INFORMATION |
|
| Atrato Capital Limited | +44 (0)20 3790 8087 |
| Steven Noble / Rob Abraham / Chris McMahon | ir@atratocapital.com |
|
Stifel Nicolaus Europe Limited |
+44 (0)20 7710 7600 |
| Mark Young / Matt Blawat / Rajpal Padam |
|
| | |
| Goldman Sachs International Jimmy Bastock / Tom Hartley | +44 (0)20 7774 1000
|
| |
|
| FTI Consulting | +44 (0)20 3727 1000 |
| Dido Laurimore / Eve Kirmatzis / Andrew Davis | SupermarketIncomeREIT@fticonsulting.com |
| Hanway Advisory Limited | +44 (0)7407 825 603 |
| Luke Cheshire / Rebecca Lillington | cosec@hanwayadvisory.com |
NOTES TO EDITORS:
Supermarket Income REIT plc (LSE: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK's feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company's supermarkets are let to leading UK supermarket operators, diversified by both tenant and geography.
The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term.
The Company is listed on the premium segment of the Official List of the UK Financial Conduct Authority and its Ordinary Shares are traded on the Main Market of the London Stock Exchange, having listed initially on the Specialist Fund Segment of the Main Market on 21 July 2017.
Atrato Capital Limited is the Company's Investment Adviser.
Further information is available on the Company's website www.supermarketincomereit.com
LEI: 2138007FOINJKAM7L537
Stifel Nicolaus Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Supermarket Income REIT plc and no one else in connection with this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Stifel Nicolaus Europe Limited nor for providing advice in connection with the matters referred to in this announcement.
Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Supermarket Income REIT plc and no one else in connection with this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Goldman Sachs International nor for providing advice in connection with the matters referred to in this announcement.
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