LXi REIT plc
(the "Company" or "LXi REIT")
RESULT OF ANNUAL GENERAL MEETING
The Board of LXi REIT plc (ticker: LXI), the specialist inflation-protected very long income REIT, is pleased to announce that all of the resolutions put forward at its Annual General Meeting held earlier today were passed.
The text of all the resolutions can be found in the Notice of Meeting dated 27 July 2022.
The proxy votes received were as follows:-
|
Ordinary Resolutions |
In favour |
% In favour |
Against |
% Against |
Withheld |
|
1. To approve the Annual Report and Accounts to 31 March 2022 |
959,383,108 |
99.72 |
2,652,723 |
0.28 |
1,249,829 |
|
2. To approve the Directors' Remuneration Report |
961,381,188 |
99.82 |
1,723,726 |
0.18 |
180,746 |
|
3. To approve the Company's Dividend Policy |
963,268,424 |
99.99 |
5,846 |
0.01 |
11,390 |
|
4. To elect Cyrus Ardalan as a director |
958,244,164 |
99.49 |
4,917,237 |
0.51 |
124,259 |
|
5. To elect Hugh Seaborn as a director |
962,762,463 |
99.96 |
398,938 |
0.04 |
124,259 |
|
6. To elect Ismat Levin as a director |
963,120,355 |
99.99 |
44,046 |
0.01 |
121,259 |
|
7. To re- elect John Cartwright as a director |
955,880,420 |
99.24 |
7,284,847 |
0.76 |
120,393 |
|
8. To elect Sandy Gumm as a director |
963,109,847 |
99.99 |
49,757 |
0.01 |
126,056 |
|
9. To elect Nick Leslau as a director |
962,753,995 |
99.96 |
407,406 |
0.04 |
124,259 |
|
10. To re-appoint BDO LLP as Auditor to the Company |
944,234,522 |
99.94 |
577,485 |
0.06 |
18,473,653 |
|
11. To authorise the directors to fix the remuneration of the Auditor |
962,048,092 |
99.88 |
1,125,312 |
0.12 |
112,256 |
|
12. To give authority for the Company to allot new shares |
962,149,657 |
99.9 |
985,902 |
0.1 |
150,101 |
|
Special Resolutions |
|||||
|
13. To allot new shares and/or sell shares from treasury free from pre-emption rights |
960,453,556 |
99.72 |
2,682,580 |
0.28 |
149,524 |
|
14. To give authority for the Company to purchase its own shares |
949,604,176 |
98.65 |
12,961,777 |
1.35 |
719,707 |
|
15. To allow general meetings (other than the AGM) to be called on 14 clear days' notice |
931,723,273 |
96.74 |
31,435,915 |
3.26 |
126,472 |
At the time of the above meeting, the Company's issued share capital consisted of 1,714,473,236 ordinary shares. The Company held no shares in treasury. Therefore, the total number of ordinary shares with voting rights was 1,714,473,236. Each Ordinary Share held entitles the holder to one vote and there are no restrictions on those voting rights. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" a resolution.
In accordance with LR 9.6.2 and LR 9.6.3, copies of the resolutions passed as special business will be submitted to the National Storage Mechanism website and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
5 September 2022
Enquiries
Sanne Fund Services (UK) Limited
Jenny Thompson/ Brian Smith 020 3327 9720
Company Secretary
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