TIDMEPIC

RNS Number : 7515C

Ediston Property Inv Comp PLC

24 February 2022

24 February 2022

EDISTON PROPERTY INVESTMENT COMPANY PLC

(the "Company")

Result of 2022 Annual General Meeting

Ediston Property Investment Company plc, announces that at the Company's Annual General Meeting held today, all resolutions were passed by way of a poll and the results of the poll, including the proxy votes received, are set out below.

Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and resolutions 11 to 13 (inclusive) were proposed as special resolutions.

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

 
      Resolution       Votes For*    %        Votes Against   %       Total votes      Total votes      Vote Withheld 
                                                                      validly cast     cast as % of     ** 
                                                                                       issued share 
                                                                                       capital 
      Receive annual 
      accounts for 
      year ended 30 
 1    September 2021   155,945,766   100.00               0    0.00      155,945,766            73.79            1,200 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Approve 
      directors' 
      remuneration 
 2    report           132,453,098    84.95      23,465,968   15.05      155,919,066            73.78           27,900 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 3    Re-appoint       152,907,758    99.98          24,208    0.02      152,931,966            72.37        3,015,000 
      Grant Thornton 
      LLP as auditor 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 4    Authorise the    155,929,481    99.99          17,485    0.01      155,946,966            73.79                0 
      directors to 
      determine the 
      auditor's 
      remuneration 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Re-elect Robin 
      Archibald as a 
 5    director         111,111,731    84.20      20,855,918   15.80      131,967,649            62.45       23,979,317 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Re-elect 
      William Hill 
 6    as a director    153,986,516    98.75       1,942,731    1.25      155,929,247            73.78           17,719 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Elect Imogen 
      Moss as a 
 7    director         153,985,306    98.75       1,943,941    1.25      155,929,247            73.78           17,719 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Re-elect Jamie 
      Skinner as a 
 8    director         150,301,802    96.40       5,618,925    3.60      155,920,727            73.78           26,239 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      To approve the 
      dividend 
 9    policy           155,921,681    99.98          25,285    0.02      155,946,966            73.79                0 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 10   To authorise     155,696,593    99.84         250,373    0.16      155,946,966            73.79                0 
      the directors 
      to allot 
      ordinary 
      shares 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 11   Subject to       148,568,005    95.30       7,321,905    4.70      155,889,910            73.76           57,056 
      resolution 10, 
      disapply 
      pre-emption 
      rights on 
      allotment 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 12   To authorise     155,789,024    99.94         100,886    0.06      155,889,910            73.76           57,056 
      the company to 
      make market 
      purchases of 
      its own shares 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 13   To allow the     154,868,312    99.31       1,078,654    0.69      155,946,966            73.79                0 
      Company to 
      hold general 
      meetings on 14 
      days' notice 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

Resolutions 2 and 5, which related to the Remuneration Report and the re-election of Mr Archibald, were both passed but received 15.05% and 15.80% votes against respectively from shareholders. The Board will engage with shareholders to understand and address any concerns that they may have regarding these resolutions. The results of these consultations, and any actions to be taken will be reported on during the course of the year. The Board is conscious of the importance of good dialogue with shareholders, particularly if concerns are being expressed through voting.

END

For further information, please contact:

 
Ediston Properties Limited  info@ediston.com 
 Calum Bruce                 +44 131 225 5599 
 
 JTC (UK) Limited            Epic.reit@jtcgroup.com 
 Susan Fadil                 +44 20 3893 1005 
 Ruth Wright                 +44 203 893 1011 
 

LEI: 213800JRL87EGX9TUI28

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END

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