Secure Income REIT PLC Result of AGM (4362H)

TIDMSIR

RNS Number : 4362H

Secure Income REIT PLC

07 June 2017

7 June 2017

Secure Income REIT Plc

Result of AGM

The Board of Secure Income REIT Plc (the "Company"), the specialist long term income REIT, confirms that, at the Annual General Meeting of the company held on 7 June 2017, all resolutions proposed were duly passed.

The results of voting for each resolution were:

 
                                   For   % For      Against   % Against 
------------------------  ------------  ------  -----------  ---------- 
 1 Approval of accounts    156,402,353   98.89    1,749,249        1.11 
------------------------  ------------  ------  -----------  ---------- 
 2 Reappointment of 
  Nick Leslau              156,401,153   98.89    1,450,449        1.11 
------------------------  ------------  ------  -----------  ---------- 
 3 Reappointment of 
  Leslie Ferrar            158,144,672   99.99        6,930        0.01 
------------------------  ------------  ------  -----------  ---------- 
 4 Reappointment of 
  BDO LLP                  156,361,247   98.87    1,790,355        1.13 
------------------------  ------------  ------  -----------  ---------- 
 5 Directors' authority 
  to fix auditors' 
  fees                     158,104,766   99.97       46,836        0.03 
------------------------  ------------  ------  -----------  ---------- 
 6 Authorisation to 
  make market purchases    158,145,872   99.99        5,730        0.01 
------------------------  ------------  ------  -----------  ---------- 
 7 Authorisation to 
  make non pre-emptive 
  share issues             148,002,389   93.58   10,149,213        6.42 
------------------------  ------------  ------  -----------  ---------- 
 

There were no votes withheld in respect of any resolution. Total votes cast for each resolution amounted to 68.6% of shares in issue.

For further information on the Company, please contact:

 
 Secure Income REIT Plc          [phone] 
 Sandy Gumm 
 
 Stifel Nicolaus Europe 
  Limited (Nominated Adviser)    [phone] 
 David Arch 
 Tom Yeadon 
 
 FTI Consulting                  [phone] 
 Richard Sunderland 
 Claire Turvey 
 

About Secure Income REIT

Secure Income REIT floated as a Real Estate Investment Trust on the AIM segment of the London Stock Exchange in June 2014. Upon Admission, shares were issued at 174p representing a market capitalisation of GBP293 million, which has subsequently grown to approximately GBP800 million.

The Company specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows.

At 31 December 2016, the Company's investment property portfolio was valued at approximately GBP1.64 billion, producing approximately GBP92.6 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of over 23 years, one of the longest income profiles in the quoted UK real estate sector. All rental income is subject to fixed or RPI upwards only rent reviews.

The Company is advised by Prestbury Investments LLP which was adviser to Max Property Group plc until August 2014, when Max Property Group plc was sold to Blackstone Group. Prestbury Investments LLP is a partnership of real estate and finance professionals including Nick Leslau, Mike Brown, Tim Evans, Ben Walford and Sandy Gumm.

The Company's Board is chaired by Martin Moore and also comprises three further independent Directors in Leslie Ferrar, Jonathan Lane and Ian Marcus, as well as three members of the Prestbury Team in Nick Leslau, Mike Brown and Sandy Gumm.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 07, 2017 08:41 ET (12:41 GMT)