Ground Rents Income Fund PLC Result of AGM (1949U)
01 April 2021 - 03:30AM
UK Regulatory
TIDMGRIO
RNS Number : 1949U
Ground Rents Income Fund PLC
31 March 2021
31 March 2021
Annual General Meeting
Ground Rents Income Fund plc (the "Company") announces that a
poll was held on each of the resolutions proposed at the Annual
General Meeting ("AGM") on Wednesday, 31 March 2021. All the
resolutions passed. The results of the poll are:
Resolution For % Against % Withheld Total % of Voting Capital
voted (Including Withheld)
To receive the Annual
Report and Financial
1 Statements 42,414,662 100.00 0 0 0 43.65
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
2 To approve the directors' 32,811,508 9,583,154 22.64 20,000 43.65
remuneration policy 77.40
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
3 To approve the directors' 42,386,621 8,041 0.02 20,000 43.65
remuneration report 99.98
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
4 To elect Barry Gilbertson 42,412,424 99.99 2,238 0.01 0 43.65
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
5 To re-elect Paul Craig 34,338,392 80.96 8,076,270 19.07 0 43.65
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
6 To re-elect Bill Holland 34,338,392 80.96 8,076,270 19.07 0 43.65
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
7 To re-appoint 42,406,879 441 0.01 7,342 43.65
PricewaterhouseCoopers LLP
as Auditor 100.00
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
8 To give directors authority 42,409,389 441 0.01 4,832 43.65
to determine the auditor's
remuneration 100.00
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
9 To approve the Company's 42,414,221 441 0.01 0 43.65
dividend policy 100.00
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
10 To increase the director 32,015,951 10,387,211 24.53 11,500 43.65
fee cap from GBP100,000 to
GBP150,000 75.50
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
To renew the authority to
11 allot shares 42,360,969 99.87 53,693 0.13 0 43.65
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
12 To disapply pre-emption 34,248,666 8,134,496 19.22 31,500 43.65
rights (special resolution) 80.81
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
13 To renew the authority to 42,412,152 2,510 0.01 0 43.65
purchase own shares
(special resolution) 99.99
---------------------------- ----------- ------- ----------- ------ --------- -----------------------------
*Resolutions 12 and 13 were passed as special resolutions.
Copies of resolutions 10, 11, 12 and 13 will be filed at Companies
House.
The Board notes the significant number of votes cast against
certain resolutions and will be engaging with shareholders to
understand the reasons for these, the conclusions of which will be
detailed in either a further RNS announcement, or in the 2021 Half
Year Report.
Shareholders are entitled to one vote per share. Votes withheld
are not a vote in law and are therefore not counted in the
calculation of the percentages of the votes cast for and against a
resolution. Where shareholders appointed the Chairman as their
proxy with discretion as to voting, their votes were cast in favour
of the resolutions and their shares have been included in the
"votes for" column.
Please note a 'vote withheld' is not a vote under English law
and is not counted in the calculation of votes 'for' or 'against' a
resolution.
The total number of ordinary shares of 50p each in issue is
97,006,497. The total number of voting rights is: 97,006,497 .
A copy of the resolutions passed at today's AGM will be
available for inspection on the Company's website at
http://www.groundrentsincomefund.com
Enquiries:
Matthew Riley
Schroder Investment Management Limited
020 7658 6596
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END
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