GCP Student Living PLC Result of AGM (7786V)

TIDMDIGS

RNS Number : 7786V

GCP Student Living PLC

15 December 2021

GCP STUDENT LIVING PLC

("GCP Student" or the "Company", together with its subsidiaries the "Group")

LEI: 2138004J4ID66FK38H25

Result of Annual General Meeting

GCP Student Living, the only UK REIT focused on modern, purpose-built private student accommodation in and around London, announces that, at the Annual General Meeting held today, all resolutions were passed on a poll, with the exception of Resolution 14, authority to convene a general meeting on not less than 14 clear days' notice, which failed:

The results of the poll for each resolution were as follows:

 
 Resolutions      Votes For       %   Votes Against       %        Votes 
                                                                Withheld 
 Resolution 
  1             179,869,022   97.52       4,569,634    2.48      290,983 
 Resolution 
  2             181,393,535   98.20       3,330,315    1.80        5,789 
 Resolution 
  3             184,198,610   99.72         525,240    0.28        5,789 
 Resolution 
  4             184,188,398   99.71         535,452    0.29        5,789 
 Resolution 
  5             133,376,208   72.20      51,347,642   27.80        5,789 
 Resolution 
  6             129,581,425   96.56       4,610,703    3.44   50,537,511 
 Resolution 
  7             184,681,520   99.98          42,330    0.02        5,789 
 Resolution 
  8             180,677,126   97.81       4,050,962    2.19        1,551 
 Resolution 
  9             184,694,643   99.98          33,295    0.02        1,701 
 Resolution 
  10            184,695,005   99.98          32,933    0.02        1,701 
 Resolution 
  11            184,695,608   99.98          32,480    0.02        1,551 
 Resolution 
  12            184,677,004   99.97          51,084    0.03        1,551 
 Resolution 
  13            180,312,513   97.61       4,415,575    2.39        1,551 
 Resolution 
  14            124,932,498   67.63      59,795,590   32.37        1,551 
 

As a result of the vote on Resolution 14, the Company will not seek to hold general meetings on the shorter timeframe being proposed.

The Board acknowledges the significant vote against Resolution 5 and the failure of Resolution 14. The Board is committed to continuing an open and transparent dialogue with the Company's shareholders and will continue to engage with those shareholders, and others, who voted against these resolutions to further understand their views and/or any specific concerns.

A copy of the full text of resolutions 10 to 13 will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

For further information please contact:

   Gravis Capital Management Limited                     [phone] 

Nick Barker

Joe McDonagh

   Jeffries International Limited                                   [phone] 

Philip Noblet

Tom Yeadon

Rishi Bhuchar

James Thomlinson

   Buchanan / Quill                                                       [phone] 

Helen Tarbet

Henry Wilson

About GCP Student

The Company is the only UK REIT focused on modern, purpose-built private student accommodation in and around London.

Its investments are located where the Investment Manager believes the Company is likely to benefit from supply and demand imbalances for student residential accommodation. GCP Student's property portfolio comprises eleven operational assets with c.4,100 beds. At 30 September 2021, its property portfolio was valued at GBP1.16 billion.

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END

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December 15, 2021 08:56 ET (13:56 GMT)