Schroder Real Estate Result of AGM

 
TIDMSREI 
 
Schroder Real Estate Investment Trust Limited 
                                ("the Company") 
 
                       RESULT OF ANNUAL GENERAL MEETING 
                               9 SEPTEMBER 2016 
 
At the Annual General Meeting ("AGM") of the Company held today all Ordinary 
Resolutions as set out in the AGM Notice dated 10 June 2016 (the "Notice") and 
sent to shareholders of the Company, were duly passed. 
 
 Details of the proxy voting results which should be read alongside the Notice 
                               are noted below: 
 
   Ordinary         For         Discretion      Against        Abstain 
  Resolution 
 
      1         171,827,123      110,927        118,048           0 
 
      2         169,971,813      110,927       1,939,371        33,987 
 
      3         171,630,790      110,927        307,806           0 
 
      4         169,397,072      110,927       2,548,099          0 
 
      5         167,340,529      110,927       4,604,642          0 
 
      6         167,290,529      110,927       4,654,642          0 
 
      7         171,637,365      110,927        307,806           0 
 
      8         169,396,291      110,927       2,287,230       261,650 
 
      9         171,686,584      110,927        257,806          781 
 
      10        171,933,255      110,927         11,916           0 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
At the same AGM noted above, the following Special Resolutions were also passed 
as detailed below: 
 
SPECIAL RESOLUTION 11: 
 
That the Company be authorised, in accordance with section 315 of The Companies 
(Guernsey) Law, 2008, as amended (the "Companies Law"), to make market 
acquisitions (within the meaning of section 316 of the Companies Law) of 
ordinary shares in the capital of the Company ("ordinary shares"), provided 
that: 
 
(a)        the maximum number of ordinary shares hereby authorised to be 
purchased shall be 14.99% of the issued ordinary shares on the date on which 
this resolution is passed; 
 
(b)        the minimum price which may be paid for an ordinary share shall be 
0.01p; 
 
(c)        the maximum price (exclusive of expenses) which may be paid for an 
ordinary share shall be 105% of the average of the middle market quotations on 
the relevant market where the repurchase is carried out for the ordinary shares 
for the five business days immediately preceding the date of a purchase; 
 
(d)        such authority shall expire at the Annual General Meeting of the 
Company in 2017 unless such authority is varied, revoked or renewed prior to 
such date by ordinary resolution of the Company in general meeting; and 
 
(e)        the Company may make a contract to purchase ordinary shares under 
such authority prior to its expiry which will or may be executed wholly or 
partly after its expiration and the Company may make a purchase of ordinary 
shares pursuant to any such contract. 
 
SPECIAL RESOLUTION 12: 
 
That the Directors of the Company be and are hereby empowered to allot ordinary 
shares of the Company for cash as if the pre-emption provisions contained under 
Article 13 of the Articles of Incorporation did not apply to any such 
allotments and to sell ordinary shares which are held by the Company in 
treasury for cash on a non-pre-emptive basis provided that this power shall be 
limited to the allotment and sales of ordinary shares: 
 
(a)        up to such number of ordinary shares as is equal to 10% of the 
ordinary shares in issue on the date on which this resolution is passed; 
 
(b)        at a price of not less than the net asset value per share as close 
as practicable to the allotment or sale; 
 
provided that such power shall expire on the earlier of the Annual General 
Meeting of the Company in 2017 or on the expiry of 15 months from the passing 
of this Special Resolution, except that the Company may before such expiry make 
offers or agreements which would or might require ordinary shares to be 
allotted or sold after such expiry and notwithstanding such expiry the 
Directors may allot or sell ordinary shares in pursuance of such offers or 
agreements as if the power conferred hereby had not expired. 
 
EXTRAORDINARY RESOLUTION 13: 
 
That the Articles of Incorporation produced to the meeting and initialed by the 
chairman of the meeting for the purpose of identification be adopted as the 
Company's Articles of Incorporation in substitution for and to the exclusion of 
the existing Articles of Incorporation. 
 
 Details of the proxy voting results which should be read alongside the Notice 
                               are noted below: 
 
   Special          For         Discretion      Against        Abstain 
  Resolution 
 
      11        171,887,283      110,927         57,888           0 
 
      12        167,771,962      110,927        438,209       3,735,000 
 
      13        171,927,255      122,843         6,000            0 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
Enquiries: 
 
Company website:         www.srei.co.uk 
 
Samuel Walden 
Northern Trust International Fund Administration Services (Guernsey) Limited 
 
Tel:      [phone] 
 
Email:    [e-mail] 
 
 
 
END 
 

(END) Dow Jones Newswires

September 09, 2016 08:42 ET (12:42 GMT)