GCP Student Living Result of AGM

 
TIDMDIGS 
 
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 UK's first REIT focused on student residential assets, 
is pleased to announce that, at the Annual General Meeting held today, all 
resolutions were passed on a show of hands. 
 
Resolutions 1 to 10 related to Ordinary Business. Resolutions 11 to 16 related 
to Special Business, as set out below: 
 
Resolution 11 (ordinary resolution): To authorise the Directors to allot shares 
pursuant to section 551 of the Companies Act 2006. 
 
Resolution 12 (special resolution): To authorise the Directors to allot shares 
for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise 
than in accordance with statutory pre-emption rights. 
 
Resolution 13 (special resolution): To authorise the Directors to make market 
purchases of the Company's own shares. 
 
Resolution 14 (special resolution): To authorise the Directors to convene a 
general meeting on not less than 14 clear days' notice. 
 
Resolution 15 (special resolution): To increase the maximum aggregate limit for 
Directors' annual remuneration contained in the Company's articles of 
association. 
 
Resolution 16 (ordinary resolution): To authorise the Company to use electronic 
communications with its shareholders. 
 
The proxy votes received in relation to these resolutions were as follows: 
 
Resolutions           Votes For  Votes Against     Votes at        Votes 
                                                 Chairman's     Withheld 
                                                 Discretion 
 
Resolution 1        163,081,961              0          971            0 
 
Resolution 2        158,336,747        509,171          971    4,236,043 
 
Resolution 3        162,605,559        472,433          971        3,969 
 
Resolution 4        162,988,992         89,000          971        3,969 
 
Resolution 5        162,988,040         89,000          971        4,921 
 
Resolution 6        162,988,040         89,000          971        4,921 
 
Resolution 7        162,988,992         89,000          971        3,969 
 
Resolution 8        158,378,454      4,612,065          971       91,442 
 
Resolution 9        163,081,961              0          971            0 
 
Resolution 10       163,081,961              0          971            0 
 
Resolution 11       162,610,528        471,433          971            0 
 
Resolution 12       162,609,828        472,133          971            0 
 
Resolution 13       162,561,496        520,465          971            0 
 
Resolution 14       162,037,039      1,042,422          971        2,500 
 
Resolution 15       162,602,726        474,085          971        5,150 
 
Resolution 16       163,081,961              0          971            0 
 
A copy of the resolutions passed as Special Business will be submitted to the 
National Storage Mechanism and will shortly be available for inspection at 
www.morningstar.co.uk/uk/NSM . 
 
For further information please contact: 
 
Gravis Capital Management Limited                     [phone] 
 
Tom Ward               [e-mail] 
 
Nick Barker              [e-mail] 
 
Dion Di Miceli          [e-mail] 
 
Stifel Nicolaus Europe Limited                             [phone] 
 
Neil Winward            [e-mail] 
 
Mark Young             [e-mail] 
 
Tom Yeadon            [e-mail] 
 
Buchanan                                                             +44 020 
7466 5000 
 
Charles Ryland        [e-mail] 
 
Vicky Watkins          [e-mail] 
 
About GCP Student 
 
The Company was the first student accommodation REIT in the UK, investing in 
modern, purpose-built, private student residential accommodation and teaching 
facilities. Its investments are located primarily in and around London 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 nine assets with c.3,450 beds which 
are either currently fully operational or expected to complete construction / 
refurbishment over the next two academic years. At 30 September 2017, its 
property portfolio was valued at GBP672.1 million. 
 
The Company's standing properties are mainly occupied by international students 
and offer high specification facilities and hotel-level concierge type services 
which the Investment Manager believes are attractive to overseas students. 
 
 
 
END 
 

(END) Dow Jones Newswires

October 25, 2017 08:26 ET (12:26 GMT)