TIDMKCR

RNS Number : 4908B

KCR Residential REIT PLC

08 October 2020

8 October 2020

KCR Residential REIT plc

("KCR" or the "Company")

Notice of AGM and Board Change

KCR Residential REIT plc announces that it is sending to shareholders notice of its annual general meeting, which will be held at 10:00 a.m. on 3 November 2020 at Scott House, Waterloo, London SE1 7LY. Copies of the meeting documents will be available on the Company's website, www.kcrreit.com .

In light of the ongoing COVID-19 pandemic and the UK Government's current compulsory measures restricting public gatherings, the AGM will be conducted as a closed meeting with the minimum necessary quorum of two shareholders. It is currently envisaged that anyone seeking to attend the meeting will have to be refused entry and therefore shareholders are encouraged to submit their vote by proxy, appointing the Chairman of the meeting as their proxy, in lieu of attending the AGM. The Board will continue to monitor the situation and may, if necessary, need to make further changes to the arrangements for the AGM, including how it is conducted. Shareholders should therefore continue to monitor the Group's website and announcements.

The Company also announces that its Chairman Michael Davies has decided to step down at this AGM and will therefore be resigning from the board at the conclusion of the meeting. We thank Michael for his commitment to the Company over the last five years.

James Thornton, currently an independent non executive director of KCR, will become the Non Executive Chairman of the board. KCR believes that a reduced board of four members is appropriate for a busines of its size and is in line with its efforts to reduce operating costs, assisting with its drive to profitability. As a result of these changes, the Company will only have one Independent Non-Executive Director. The Company acknowledges the recommendations of the QCA Corporate Governance Code, which it has adopted, and it is intended at the appropriate time to seek appointment of a further Independent Non-Executive Director.

Contacts:

 
 KCR Residential REIT plc           info@kcrreit.com 
  Dominic White, Chief Executive     +44 20 3793 5236 
 Arden Partners plc 
  Richard Johnson 
  Benjamin Cryer                    +44 20 7614 5900 
 

Notes to Editors:

KCR's objective is to build a substantial residential property portfolio that generates secure income flow for shareholders. The Directors intend that the group will acquire, develop and manage residential property assets in a number of jurisdictions including the UK.

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.

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

NOAMPBFTMTTMMTM

(END) Dow Jones Newswires

October 08, 2020 04:00 ET (08:00 GMT)

Kcr Residential Reit (LSE:KCR)
Gráfica de Acción Histórica
De Oct 2020 a Nov 2020 Haga Click aquí para más Gráficas Kcr Residential Reit.
Kcr Residential Reit (LSE:KCR)
Gráfica de Acción Histórica
De Nov 2019 a Nov 2020 Haga Click aquí para más Gráficas Kcr Residential Reit.