TIDMPSDL

RNS Number : 3836O

Phoenix Spree Deutschland Limited

29 May 2020

Phoenix Spree Deutschland Limited

(the "Company" or "PSDL")

Results of the Annual General Meeting

Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in German residential real estate, today announces that all resolutions put to the annual general meeting ("AGM") held today, Friday 29 May 2020, at the registered office of the Company were duly passed by shareholders on a poll.

Total proxy votes of 50,663,081 were received. Details of the proxy votes received in respect of each resolution are noted as follows:

 
 Summary Resolutions *                For / Discretionary(1)     %     Against    %     Withheld 
 1. Ordinary Resolution: 
  THAT the audited annual 
  report and financial statements 
  of the Company for the 
  year ended 31 December 
  2019, together with the 
  report of the directors 
  and report of the auditors 
  be received and adopted.                  50,622,544         99.92   40,537    0.08      0 
                                     -----------------------  ------  --------  -----  --------- 
 2. Ordinary Resolution: 
  THAT the Directors' remuneration 
  report (excluding the 
  Directors' remuneration 
  policy set out therein) 
  for the year ended 31 
  December 2019 be approved.                50,585,640         99.86   72,441    0.14    5,000 
                                     -----------------------  ------  --------  -----  --------- 
 3. Ordinary Resolution: 
  THAT the Directors' remuneration 
  policy for the year ended 
  31 December 2019 be approved.             50,064,599         98.83   591,282   1.17    7,200 
                                     -----------------------  ------  --------  -----  --------- 
 4. Ordinary Resolution: 
  THAT Robert Hingley be 
  re-elected as a director 
  of the Company.                           50,573,181         99.87   67,339    0.13    22,500 
                                     -----------------------  ------  --------  -----  --------- 
 5. Ordinary Resolution: 
  THAT Jonathan Thompson 
  be re-elected as a director 
  of the Company.                           50,600,044         99.92   40,537    0.08    22,500 
                                     -----------------------  ------  --------  -----  --------- 
 6. Ordinary Resolution: 
  THAT Monique O'Keefe be 
  re-elected as a director 
  of the Company.                           50,600,044         99.92   40,537    0.08    22,500 
                                     -----------------------  ------  --------  -----  --------- 
 7. Ordinary Resolution: 
  THAT Quentin Spicer be 
  re-elected as a director 
  of the Company.                           50,600,044         99.92   40,537    0.08    22,500 
                                     -----------------------  ------  --------  -----  --------- 
 8. Ordinary Resolution: 
  THAT RSM UK Audit LLP 
  be re-appointed as auditors 
  to the Company.                           50,602,551         99.92   40,537    0.08    19,993 
                                     -----------------------  ------  --------  -----  --------- 
 9. Ordinary Resolution: 
  THAT the Audit Committee 
  be authorised to determine 
  the remuneration of RSM 
  UK Audit LLP.                             50,622,237         99.92   40,537    0.08     307 
                                     -----------------------  ------  --------  -----  --------- 
 10. Ordinary Resolution: 
  THAT the Company be authorised 
  to cancel or hold Ordinary 
  Shares purchased pursuant 
  to the authority granted.                 50,605,304         99.89   57,777    0.11      0 
                                     -----------------------  ------  --------  -----  --------- 
 11. Ordinary Resolution: 
  THAT the Company shall 
  continue as a closed-ended 
  investment Company.                       50,035,602         98.77   622,479   1.23    5,000 
                                     -----------------------  ------  --------  -----  --------- 
 12. Special Resolution: 
  THAT the Company be generally 
  and unconditionally authorised 
  to make market purchases 
  of up to 15,102,636 Ordinary 
  Shares.                                   50,553,616         99.78   109,465   0.22      0 
                                     -----------------------  ------  --------  -----  --------- 
  13. Special Resolution: 
   THAT the Directors be 
   authorised to allot and 
   issue up to 10,075,141 
   Ordinary Shares, as if 
   pre-emption rights in 
   the articles did not apply.              50,594,951         99.88   63,130    0.12    5,000 
                                     -----------------------  ------  --------  -----  --------- 
 

(1) Any proxy appointments which gave discretion to the Chair of the AGM or a third party were voted for the resolution.

*The full text of the resolutions may be found in the notice of the AGM, a copy of which is available on both the Company's website www.phoenixspree.com and on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

In accordance with Listing Rule 9.6.2, the full text of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Legal Entity Identifier: 213800OR6IIJPG98AG39

For further information, please contact:

Phoenix Spree Deutschland Limited +44 (0)20 3937 8760

Stuart Young

Numis Securities Limited (Corporate Broker) +44 (0)20 3100 2222

David Benda

Tulchan Communications (Financial PR) +44 (0)20 7353 4200

Elizabeth Snow

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

RAGSEDFFUESSEDI

(END) Dow Jones Newswires

May 29, 2020 07:35 ET (11:35 GMT)

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