SWEF: Result of AGM & EGM (811869)
16 May 2019 - 12:40AM
UK Regulatory
Starwood European Real Estate Finance Ltd (SWEF)
SWEF: Result of AGM & EGM
15-May-2019 / 15:38 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
15 May 2019
Starwood European Real Estate Finance Limited
Results of Sixth Annual General Meeting and Extraordinary General Meeting
The Board of Starwood European Real Estate Finance Limited announces that,
at the Sixth Annual General Meeting of the Company held on Wednesday, 15 May
2019, the resolutions put to the meeting were approved by shareholders on a
show of hands.
Details of the proxy votes lodged are set out below:
Ordinary Resolution For* Against Withheld**
238,730,180 0 2,678,000
1) To receive the Annual
Report and Consolidated
Financial Statements for the
period ended 31 December
2018.
238,396,193 333,986 2,678,000
2) To approve the Directors'
Remuneration Report for the
period ended 31 December
2018.
214,185,470 10,073,781 17,148,928
3) To re-elect as a Director
of the Company, Stephen
Smith.
239,610,099 1,798,081 0
4) To re-elect as a Director
of the Company, John
Whittle.
232,039,283 9,368,897 0
5) To re-elect as a Director
of the Company, Jonathan
Bridel.
241,028,190 354,989 25,000
6) To re-appoint
PricewaterhouseCoopers LLP
as Auditors of the Company.
241,400,680 0 7,500
7) To authorise the
Directors to agree the
remuneration of the
Auditors.
241,408,180 0 0
8) To approve the Company's
dividend policy.
Special Resolution For* Against Withheld**
237,402,306 4,005,874 0
9) To authorise the
Directors to allot shares
(equal to 10% of the
Ordinary shares )
213,777,065 27,631,115 0
10) To authorise the
Directors to disapply
Pre-Emption Rights (up to a
maximum of 10% of the
Ordinary Shares)
238,716,677 2,691,503 0
11) To authorise the Company
to make market purchases of
its own shares.
The Board notes the number of votes received against Resolution 10 at the
AGM, in relation to the dis-application of pre-emption rights (in respect of
the allotment of shares proposed by Resolution 9). The Board is aware of the
Pre-Emption Group's views in general about the granting of certain
disapplication authorities. The Board had set out its rationale for
Resolution 10 for the Company in the Notice of Annual General Meeting.
However, the Board notes the votes against the resolution and will continue
to engage with shareholders in order to understand their views in relation
to the specific authority sought.
The full text of the resolutions may be found in the Notice of Sixth Annual
General Meeting contained in the Shareholder Document dated 25 March 2019,
copies of which are available on both the Company's website
www.starwoodeuropeanfinance.com [1] and on the National Storage Mechanism
www.morningstar.co.uk/uk/NSM [2]***
* Includes discretionary votes received
** A vote withheld is not a vote in law and is not counted in the proportion
of votes 'for' or 'against' a resolution
*** Neither the NSM website nor the Company's website nor the content of any
website accessible from hyperlinks on those websites (or any other website)
is (or is deemed to be) incorporated into, or forms (or is deemed to form)
part of this announcement
Extraordinary General Meeting
The Board further notes that following the successful completion of the
recent issue of new ordinary shares under a placing and for the reasons
announced on 7 May 2019, the resolutions proposed at the Extraordinary
General Meeting were not put to the meeting and the meeting was adjourned
indefinitely.
Enquiries:
Apex Fund and Corporate Services (Guernsey) Limited Dave Taylor 01481 735879
Notes:
Starwood European Real Estate Finance Limited is an investment company
listed on the main market of the London Stock Exchange with an investment
objective to provide Shareholders with regular dividends and an attractive
total return while limiting downside risk, through the origination,
execution, acquisition and servicing of a diversified portfolio of real
estate debt investments in the UK and the wider European Union's internal
market. www.starwoodeuropeanfinance.com [1].
The Group is the largest London-listed vehicle to provide investors with
pure play exposure to real estate lending.
The Group's assets are managed by Starwood European Finance Partners
Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.
ISIN: GG00B79WC100
Category Code: ROM
TIDM: SWEF
LEI Code: 5493004YMVUQ9Z7JGZ50
Sequence No.: 8652
EQS News ID: 811869
End of Announcement EQS News Service
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