Real Estate Credit Investments Ltd Result of AGM (4145Q)

TIDMRECI TIDMRECP TIDMTTM

RNS Number : 4145Q

Real Estate Credit Investments Ltd

11 September 2017

11 September 2017

REAL ESTATE CREDIT INVESTMENTS LIMITED (THE "COMPANY")

RESULT OF THE ANNUAL GENERAL MEETING

The Board of Directors of the Company is pleased to announce that, at the Annual General Meeting of the Company held today (the "AGM"), all resolutions were approved.

Following 99.99% of the votes being cast in favour of the continuation Resolution 8, the Company will continue its business as a closed ended collective investment scheme and a further continuation resolution will be proposed at the AGM to be held in 2021.

-ENDS-

For further information please contact:

 
                Richard Crawley / Richard 
 Broker:         Bootle (Liberum Capital)         [phone] 
 Investor 
  Relations:    Nicole Von Westenholz (Cheyne)    [phone] 
 
 
 Resolutions                                    Votes For / Discretionary   % of Vote   Against   % of Vote   Withheld 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 Ordinary business 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 1. To receive and adopt the Directors' 
  report and financial statements for the 
  period ended 
  31 March 2017.                                       37,209,000           99.91       33,533    0.09           0 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 2. To re-appoint Deloitte LLP as Auditors.            37,209,000           99.91       33,533    0.09           0 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 3. To authorise the Directors to fix the 
  remuneration of the Auditors.                        37,241,201           99.99        1,332    0.01           0 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 4. To re-elect Bob Cowdell as a Director.             37,231,844           99.97       10,689    0.03           0 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 5. To re-elect Graham Harrison as a Director          37,241,201           99.99        1,332    0.01           0 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 6. To re-elect John Hallam as a Director.             37,231,844           99.97       10,689    0.03           0 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 7. To re-elect Sarah Evans as a Director.             37,241,201           99.99        1,332    0.01           0 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 Special business 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 8. That the Company continues its business 
  as a closed-ended collective investment 
  scheme                                               37,241,201           99.99        1,332    0.01           0 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 Extraordinary business 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 9. To authorise the Company unconditionally 
  and generally in accordance with the 
  Companies 
  Law to make market acquisitions (within the 
  meaning of section 316 of the Companies 
  Law) of 
  up to 14.99 per cent of the Core Ordinary 
  Shares on such terms and in such manner as 
  the Directors 
  may from time to time determine (the "Core 
  Buy Back Authority").                                37,223,463           99.99        1,332    0.01         17,738 
---------------------------------------------  --------------------------  ----------  --------  ----------  --------- 
 
 
 10. To disapply pre-emption rights in relation to 'equity 
  securities' (as defined in the Articles), 
  and authorise the Directors to allot and issue equity securities 
  for cash pursuant to Article 
  5 of the Articles or by way of a sale of treasury shares as if 
  Article 7 of the Articles did 
  not apply to any such allotment and issue, provided that this 
  power shall be limited to the 
  allotment and issue of up to 10 per cent. of the total Core 
  Ordinary Shares issued by the 
  Company as at 16 August 2016, being the latest practicable date 
  before publication of this 
  Circular, and shall expire on the date of the Company's annual 
  general meeting to be held 
  in 2017 (unless previously renewed, varied or revoked by the 
  Company in general meeting), 
  save that the Company shall be entitled to make offers or 
  agreements before the expiry of 
  such power which would or might require equity securities to be 
  allotted and issued after 
  such expiry and the Directors shall be entitled to allot and issue 
  equity securities pursuant 
  to any such offer or agreement as if the power conferred hereby 
  had not expired.                                                     33,538,617   91.19   3,239,687   8.81   464,229 
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September 11, 2017 10:55 ET (14:55 GMT)