Real Estate Credit Investments Ltd Result of AGM (4145Q)
12 September 2017 - 12:55AM
UK Regulatory
TIDMRECI TIDMRECP TIDMTTM
RNS Number : 4145Q
Real Estate Credit Investments Ltd
11 September 2017
11 September 2017
REAL ESTATE CREDIT INVESTMENTS LIMITED (THE "COMPANY")
RESULT OF THE ANNUAL GENERAL MEETING
The Board of Directors of the Company is pleased to announce
that, at the Annual General Meeting of the Company held today (the
"AGM"), all resolutions were approved.
Following 99.99% of the votes being cast in favour of the
continuation Resolution 8, the Company will continue its business
as a closed ended collective investment scheme and a further
continuation resolution will be proposed at the AGM to be held in
2021.
-ENDS-
For further information please contact:
Richard Crawley / Richard
Broker: Bootle (Liberum Capital) +44(0)20 3100 2222
Investor
Relations: Nicole Von Westenholz (Cheyne) +44(0)20 7968 7482
Resolutions Votes For / Discretionary % of Vote Against % of Vote Withheld
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
Ordinary business
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
1. To receive and adopt the Directors'
report and financial statements for the
period ended
31 March 2017. 37,209,000 99.91 33,533 0.09 0
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
2. To re-appoint Deloitte LLP as Auditors. 37,209,000 99.91 33,533 0.09 0
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
3. To authorise the Directors to fix the
remuneration of the Auditors. 37,241,201 99.99 1,332 0.01 0
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
4. To re-elect Bob Cowdell as a Director. 37,231,844 99.97 10,689 0.03 0
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
5. To re-elect Graham Harrison as a Director 37,241,201 99.99 1,332 0.01 0
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
6. To re-elect John Hallam as a Director. 37,231,844 99.97 10,689 0.03 0
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
7. To re-elect Sarah Evans as a Director. 37,241,201 99.99 1,332 0.01 0
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
Special business
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
8. That the Company continues its business
as a closed-ended collective investment
scheme 37,241,201 99.99 1,332 0.01 0
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
Extraordinary business
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
9. To authorise the Company unconditionally
and generally in accordance with the
Companies
Law to make market acquisitions (within the
meaning of section 316 of the Companies
Law) of
up to 14.99 per cent of the Core Ordinary
Shares on such terms and in such manner as
the Directors
may from time to time determine (the "Core
Buy Back Authority"). 37,223,463 99.99 1,332 0.01 17,738
--------------------------------------------- -------------------------- ---------- -------- ---------- ---------
10. To disapply pre-emption rights in relation to 'equity
securities' (as defined in the Articles),
and authorise the Directors to allot and issue equity securities
for cash pursuant to Article
5 of the Articles or by way of a sale of treasury shares as if
Article 7 of the Articles did
not apply to any such allotment and issue, provided that this
power shall be limited to the
allotment and issue of up to 10 per cent. of the total Core
Ordinary Shares issued by the
Company as at 16 August 2016, being the latest practicable date
before publication of this
Circular, and shall expire on the date of the Company's annual
general meeting to be held
in 2017 (unless previously renewed, varied or revoked by the
Company in general meeting),
save that the Company shall be entitled to make offers or
agreements before the expiry of
such power which would or might require equity securities to be
allotted and issued after
such expiry and the Directors shall be entitled to allot and issue
equity securities pursuant
to any such offer or agreement as if the power conferred hereby
had not expired. 33,538,617 91.19 3,239,687 8.81 464,229
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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