Real Estate Investors Plc
(“REI” or the “Company”)
Result of AGM
Real Estate Investors Plc (AIM:RLE), the UK’s only Midlands-focused Real Estate Investment Trust (REIT), with a portfolio of commercial property across all sectors, is pleased to announce that all resolutions put to shareholders at the Company’s Annual General Meeting held earlier today were duly passed.
The total votes were cast as follows:
|
Resolution |
For |
% |
Against |
% |
Withheld |
|
1 |
85,021,185 |
99.99 |
11,000 |
0.01 |
18,265 |
|
2 |
84,747,422 |
99.67 |
284,763 |
0.33 |
18,265 |
|
3 |
84,697,045 |
99.74 |
217,502 |
0.26 |
135,903 |
|
4 |
84,604,045 |
99.62 |
320,502 |
0.38 |
125,903 |
|
5 |
84,418,842 |
99.41 |
497,009 |
0.59 |
134,599 |
|
6 |
84,898,851 |
99.98 |
17,000 |
0.02 |
134,599 |
|
7 |
80,877,826 |
95.13 |
4,134,853 |
4.86 |
25,771 |
|
8 |
80,846,861 |
95.08 |
4,184,818 |
4.92 |
18,771 |
|
9 |
84,683,992 |
99.72 |
241,859 |
0.28 |
124,599 |
Note: A vote “Withheld” is not a vote in law and is not counted in the calculation of the proportion of the votes “For” and “Against” shown.
Enquiries:
|
Real Estate Investors Plc Paul Bassi/Marcus Daly |
+44 (0)121 212 3446 |
|
Cavendish Capital Markets Limited (Nominated Adviser) Katy Birkin/Ben Jeynes |
+44 (0)20 7220 0500 |
|
Liberum (Broker) Jamie Richards/William King |
+44 (0)20 3100 2000 |
About Real Estate Investors Plc
Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors. The portfolio has no material reliance on a single asset or occupier. On 1st January 2015, the Company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities. The Company announced in January 2024 that it would be undertaking an orderly strategic sale of the Company’s portfolio over three years, disposing of assets individually or collectively, at or above book value, to optimise returns to shareholders. The pace of the disposal programme will be dictated by market conditions, with an initial focus on repaying the Company’s debt. In the meantime, it is the Board’s intention to continue paying a fully covered quarterly dividend. Further information on the Company can be found at www.reiplc.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
RAGSEWFDDELSELI