TIDMUTG
RNS Number : 6960N
Unite Group PLC
10 May 2018
10 May 2018
THE UNITE GROUP PLC (the "Company")
RESULTS OF AGM
The Company announces that at its Annual General Meeting held
today all resolutions were duly passed on a show of hands. Details
of the proxy votes are in the table below.
Despite engagement and support from major shareholders, the
Board noted significant votes against Resolution 15 (Issue shares
pre-emptively), Resolution 16 (Dis-apply Pre-emption Rights) and
Resolution 17 (Dis-apply Pre-emption rights - acquisition/specified
capital investment). These Resolutions are consistent with the
latest Pre-emption Group Principles and with the resolutions
approved in previous years. The Company will consult with
shareholders voting against these resolutions to understand their
views in relation to the specific authorities sought.
FOR AGAINST
--- ---------------- ---------------------- --------------------- -----------
% Votes Votes
% Votes Cast Withheld
Resolution Votes* Cast Votes *** **
--- ---------------- ------------ -------- ----------- -------- -----------
1 ANNUAL ACCOUNTS 223,282,160 99.94 130,000 0.06 305,239
--- ---------------- ------------ -------- ----------- -------- -----------
REMUNERATION
2 REPORT 216,758,054 97.34 5,916,825 2.66 1,042,518
--- ---------------- ------------ -------- ----------- -------- -----------
3 FINAL DIVIDEND 223,516,418 100.00 0 0.00 200,981
--- ---------------- ------------ -------- ----------- -------- -----------
APPROVE
4 SCRIP 223,515,003 100.00 19 0.00 202,377
--- ---------------- ------------ -------- ----------- -------- -----------
RE-ELECT
5 P M WHITE 201,921,567 94.69 11,332,627 5.31 10,463,203
--- ---------------- ------------ -------- ----------- -------- -----------
RE-ELECT
6 R S SMITH 221,045,128 98.81 2,672,251 1.19 0
--- ---------------- ------------ -------- ----------- -------- -----------
RE-ELECT
7 J J LISTER 219,623,784 98.17 4,093,615 1.83 0
--- ---------------- ------------ -------- ----------- -------- -----------
RE-ELECT
8 R C SIMPSON 221,041,323 98.80 2,676,076 1.20 0
--- ---------------- ------------ -------- ----------- -------- -----------
RE-ELECT
9 SIR T WILSON 222,676,493 99.53 1,040,906 0.47 0
--- ---------------- ------------ -------- ----------- -------- -----------
RE-ELECT
10 A JONES 222,676,797 99.53 1,040,602 0.47 0
--- ---------------- ------------ -------- ----------- -------- -----------
RE-ELECT
11 E MCMEIKAN 222,676,387 99.53 1,041,012 0.47 0
--- ---------------- ------------ -------- ----------- -------- -----------
ELECT R
12 PATERSON 222,783,668 99.58 931,731 0.42 2,000
--- ---------------- ------------ -------- ----------- -------- -----------
REAPPOINT
13 AUDITORS 218,003,646 97.45 5,711,613 2.55 2,120
--- ---------------- ------------ -------- ----------- -------- -----------
AUDITORS
14 REMUNERATION 213,544,676 95.46 10,155,901 4.54 16,820
--- ---------------- ------------ -------- ----------- -------- -----------
AUTH TO
15 ALLOT SHARES 148,185,971 66.24 75,531,426 33.76 0
--- ---------------- ------------ -------- ----------- -------- -----------
PRE-EMPTION
16 RIGHTS 169,355,638 75.97 53,557,925 24.03 803,834
--- ---------------- ------------ -------- ----------- -------- -----------
PRE-EMP
RGTS-ACQ/CAP
17 INV 168,365,058 75.53 54,549,013 24.47 803,327
--- ---------------- ------------ -------- ----------- -------- -----------
GENERAL
MEETING
18 NOTICE 187,786,079 83.94 35,931,320 16.06 0
--- ---------------- ------------ -------- ----------- -------- -----------
* Includes those votes giving the Chairman discretion.
** A "Vote Withheld" is not a vote in law and is not counted in
the calculation of "For" and "Against" a resolution.
***0.0001 rounded to 0.00 for consistency
Maximum number of shares represented by proxy: 223,717,399
shares.
Number of ordinary shares in issue as at the date of the AGM (no
shares held in treasury): 263,112,415 shares.
Resolutions 1 to 15 were passed as ordinary resolutions and
Resolutions 16 to 18 were passed as special resolutions.
Pursuant to UK Listing Rule 9.6.2R, copies of all resolutions,
other than those concerning ordinary business, adopted at the AGM
will be shortly submitted to the National Storage Mechanism and
will be available for inspection at
http://www.morningstar.co.uk/uk/NSM.
The full text of the resolutions passed at the AGM can be found
in the Notice of AGM which is available alongside the AGM results
on the Company's website at http://www.unite-group.co.uk/
-ENDS-
For further information, please contact:
Unite Students
Candice Macdonald, Head of Tel: +44 7525 592 521
Communications
Powerscourt (PR adviser to Tel: +44 207 250 1446
Unite)
Justin Griffiths or Mazar
Masud
Notes to editors:
About Unite Students
Unite Students is the UK's largest manager and developer of
purpose-built student accommodation serving the country's
world-leading higher education sector. We currently provide homes
for almost 50,000 students in more than 140 properties across 24
leading university towns and cities in England and Scotland. Unite
also has a strong development pipeline, which will deliver a
further 8,000 beds in the next three years.
Our 1,400 people are driven by a common purpose: to provide the
students who live with us a 'Home for Success' and to be the most
trusted brand in the sector. We do this through great service,
great people and great properties, all designed on the basis of an
unrivalled insight into students' needs and preferences.
Unite's accommodation is high quality, safe and secure, and
located close to university campuses, transport links and local
amenities. Students live predominantly in en-suite study bedrooms
with rents covering all bills, insurance, 24-hour security,
fortnightly cleaning services and high-speed Wi-Fi. MyUnite, our
mobile app, provides practical support such as instant messaging
and maintenance requests.
Our commitment to customer service is powered by an innovative,
in-house operating platform. It provides a wide range of benefits
to our students, such as an optimised online booking process, as
well as providing us with a unique ability to drive value from our
portfolio through scale efficiencies and revenue management.
Alongside delivering great service, our other strategic priority
is delivering growing and sustainable earnings, underpinned by a
strong capital structure. A key part of this strategy is growing
the number of beds let though partnerships with mid and high tariff
universities which are experiencing record levels of student
demand. We currently partner with 60 higher education institutions,
guaranteeing that approximately 60% of our rooms are let under
multi-year, 'nomination agreements' providing high visibility of
forward occupancy and rental growth.
Unite is invested in and operates two specialist funds and joint
ventures with institutional investment partners: the GBP2 billion
Unite UK Student Accommodation Fund (USAF), and the GBP1 billion
London Student Accommodation Vehicle (LSAV).
Unite is the founder of and major donor to the Unite Foundation,
a charitable trust established to support talented students facing
challenging financial circumstances through the provision of free
accommodation annual scholarships. The Foundation has so far
provided scholarships for 250 young people working in close
collaboration with 28 universities.
Founded in 1991 in Bristol, Unite Group is an award-winning Real
Estate Investment Trust (REIT), listed on the London Stock Exchange
and a member of the FTSE 250 Index.
For more information, please visit Unite's corporate website
www.unite-group.co.uk, the student site www.unite-students.com or
the Unite Foundation www.unitefoundation.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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