Schroder Real Estate Result of Annual General Meeting
09 September 2017 - 12:32AM
UK Regulatory
TIDMSREI
Schroder Real Estate Investment Trust Limited
("the Company")
RESULT OF ANNUAL GENERAL MEETING
8 SEPTEMBER 2017
At the Annual General Meeting ("AGM") of the Company held today all Ordinary
Resolutions as set out in the AGM Notice dated 23 May 2017 (the "Notice") and
sent to shareholders of the Company, were duly passed.
Details of the proxy voting results which should be read alongside the Notice
are noted below:
Ordinary For Discretion Against Abstain
Resolution
1 173,962,216 16,218 65,213 0
2 171,989,349 16,218 2,004,093 33,987
3 172,096,101 16,218 1,931,328 0
4 172,043,613 16,218 1,983,816 0
5 173,855,658 16,218 171,771 0
6 171,983,350 10,318 2,049,979 0
7 173,854,849 16,218 172,580 0
8 172,067,636 16,218 1,959,793 0
9 173,981,526 16,218 11,916 33,987
10 174,027,429 16,218 0 0
Note - A vote withheld is not a vote in law and has not been counted in the
votes for and against a resolution.
At the same AGM noted above, the following Special Resolutions were also passed
as detailed below:
SPECIAL RESOLUTION 1:
That the Company be authorised, in accordance with section 315 of The Companies
(Guernsey) Law, 2008, as amended (the "Companies Law"), to make market
acquisitions (within the meaning of section 316 of the Companies Law) of
ordinary shares in the capital of the Company ("ordinary shares"), provided
that:
(a) the maximum number of ordinary shares hereby authorised to be
purchased shall be 14.99% of the issued ordinary shares on the date on which
this resolution is passed;
(b) the minimum price which may be paid for an ordinary share shall be
0.01p;
(c) the maximum price (exclusive of expenses) which may be paid for an
ordinary share shall be 105% of the average of the middle market quotations on
the relevant market where the repurchase is carried out for the ordinary shares
for the five business days immediately preceding the date of a purchase;
(d) such authority shall expire at the Annual General Meeting of the
Company in 2018 unless such authority is varied, revoked or renewed prior to
such date by ordinary resolution of the Company in general meeting; and
(e) the Company may make a contract to purchase ordinary shares under
such authority prior to its expiry which will or may be executed wholly or
partly after its expiration and the Company may make a purchase of ordinary
shares pursuant to any such contract.
SPECIAL RESOLUTION 2:
That the Directors of the Company be and are hereby empowered to allot ordinary
shares of the Company for cash as if the pre-emption provisions contained under
Article 13 of the Articles of Incorporation did not apply to any such
allotments and to sell ordinary shares which are held by the Company in
treasury for cash on a non-pre-emptive basis provided that this power shall be
limited to the allotment and sales of ordinary shares:
(a) up to such number of ordinary shares as is equal to 10% of the
ordinary shares in issue on the date on which this resolution is passed;
(b) at a price of not less than the net asset value per share as close
as practicable to the allotment or sale;
provided that such power shall expire on the earlier of the Annual General
Meeting of the Company in 2018 or on the expiry of 15 months from the passing
of this Special Resolution, except that the Company may before such expiry make
offers or agreements which would or might require ordinary shares to be
allotted or sold after such expiry and notwithstanding such expiry the
Directors may allot or sell ordinary shares in pursuance of such offers or
agreements as if the power conferred hereby had not expired.
Details of the proxy voting results which should be read alongside the Notice
are noted below:
Special For Discretion Against Abstain
Resolution
1 173,923,364 16,218 104,065 0
2 170,203,263 16,218 89,166 3,735,000
Note - A vote withheld is not a vote in law and has not been counted in the
votes for and against a resolution.
Enquiries:
Company website: www.srei.co.uk
Franczeska Hanford
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: +44 (0) 1481 745 918
Email: fk26@ntrs.com
END
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