21 May 2020
Secure Income REIT Plc
Result of AGM
The Board of Secure Income REIT Plc (the "Company"), the specialist long term income UK REIT, confirms that, at the Annual General Meeting of the company held on 21 May 2020, all resolutions proposed were duly passed.
The results of voting for each resolution were:
|
Ordinary resolutions
|
FOR |
% FOR |
AGAINST
|
% AGAINST
|
WITHHELD |
|
1. To approve the annual report for the year to 31 December 2019 |
248,062,777 |
98.79% |
3,041,744 |
1.21% |
2,504 |
|
2. To re-elect Martin Moore as a Director |
250,902,101 |
99.92% |
202,420 |
0.08% |
2,504 |
|
3. To re-elect Mike Brown as a Director |
245,001,416 |
97.57% |
6,103,105 |
2.43% |
2,504 |
|
4. To re-elect Leslie Ferrar as a Director |
250,226,451 |
99.65% |
878,070 |
0.35% |
2,504 |
|
5. To re-elect Sandy Gumm as a Director |
248,038,963 |
98.78% |
3,065,558 |
1.22% |
2,504 |
|
6. To re-elect Jonathan Lane as a Director |
251,053,544 |
99.98% |
50,977 |
0.02% |
2,504 |
|
7. To re-elect Nick Leslau as a Director |
245,001,416 |
97.57% |
6,103,105 |
2.43% |
2,504 |
|
8. To re-elect Ian Marcus as a Director |
251,080,707 |
99.99% |
23,814 |
0.01% |
2,504 |
|
9. To reappoint BDO LLP as the auditors |
248,062,777 |
98.79% |
3,041,744 |
1.21% |
2,504 |
|
10. To authorise the Directors to fix the remuneration of the auditors |
251,104,521 |
100.00% |
0 |
0.00% |
2,504 |
|
11. That the Company be generally and unconditionally authorised to allot ordinary shares in the Company |
251,061,148 |
99.98% |
43,373 |
0.02% |
2,504 |
|
Special resolutions
|
|
|
|
|
|
|
12. That the Company be generally authorised to make market purchases of ordinary shares subject to certain conditions |
248,060,971 |
98.79% |
3,043,550 |
1.21% |
2,504 |
|
13. That the Directors be empowered to allot equity securities in the Company for cash without pre-emption rights subject to certain conditions |
225,593,256 |
89.84% |
25,511,265 |
10.16% |
2,504 |
Total votes cast in respect of each resolution amounted to approximately 77.5% of shares in issue.
For further information on the Company, please contact:
|
Secure Income REIT Plc Sandy Gumm
|
+44 20 7647 7647 enquiries@SecureIncomeREIT.co.uk
|
|
|
|
|
Stifel Nicolaus Europe Limited (Nominated Adviser) Mark Young Stewart Wallace
|
+44 20 7710 7600 stifelsecureincomereit@stifel.com
|
|
|
|
|
FTI Consulting LLP Dido Laurimore Claire Turvey Eve Kirmatzis |
+44 20 3727 1000 SecureIncomeREIT@fticonsulting.com |
About Secure Income REIT Plc:
Secure Income REIT specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows.
At 31 December 2019, the Group's investment property portfolio was valued at £2.1 billion, producing £110.7 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of 21.0 years with no breaks. All rental income is subject to fixed uplifts or RPI upwards only rent reviews with 59% of rental income subject to RPI-linked reviews and 41% having fixed uplifts.
The Group's portfolio comprises key operating assets let to strong businesses in defensive sectors with high barriers to entry. The upwards only RPI-linked rent reviews and fixed rental uplifts combine with fixed cost debt to drive healthy dividend growth, creating attractive and predictable returns.
The Company is advised by Prestbury Investment Partners Limited, owned by the team which advised Max Property Group Plc until August 2014, when all of the assets of Max Property Group Plc were sold to Blackstone Group. Prestbury is owned and run by a team of real estate and finance professionals including Nick Leslau, Mike Brown, Tim Evans, Ben Walford and Sandy Gumm.
The Company's Board is chaired by Martin Moore together with three further independent Directors: Leslie Ferrar, Jonathan Lane and Ian Marcus, as well as three members of the Prestbury Team: Nick Leslau, Mike Brown and Sandy Gumm.
The Company is a UK REIT which floated on the AIM market of the London Stock Exchange in June 2014.
The Company's LEI is 213800M1VI451RU17H40.
Further information on Secure Income REIT is available at www.SecureIncomeREIT.co.uk.
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