Ground Rents Income Fund PLC Result of AGM (7901P)

TIDMGRIO

RNS Number : 7901P

Ground Rents Income Fund PLC

12 February 2019

12 February 2019

Ground Rents Income Fund plc (the "Company")

Result of AGM

The Company announces that, at the Annual General Meeting of the Company held at 10.30 a.m. today, Ordinary resolutions (numbers 1 - 5) and Special resolutions (number 6 and 7) put to shareholders were passed.

A summary of the votes lodged by proxy is as follows:

 
 Resolution                             For (see             Against             Number      Total 
                                         note 1)              (see note           of votes    votes 
                                                              1)                  withheld    cast 
                                                                                  (see 
                                                                                  note 
                                                                                  2) 
                                        Number       %       Number       % 
                                         of votes             of votes 
             ------------------------  -----------  ------  -----------  -----  ----------  ----------- 
              To receive the 
               Annual Report 
 1             and Accounts             30,613,980   100.0   -            -      -           30,613,980 
             ------------------------  -----------  ------  -----------  -----  ----------  ----------- 
              To re-elect Malcolm 
 2             Naish                    29,686,112   99.85   45,463       0.15   882,405     29,731,575 
             ------------------------  -----------  ------  -----------  -----  ----------  ----------- 
              To reappoint 
 3             PwC as auditors          30,613,371   99.99   609          0.01   -           30,613,980 
             ------------------------  -----------  ------  -----------  -----  ----------  ----------- 
              To approve the 
 4             auditor's remuneration   30,613,980   100.0   -            -      -           30,613,980 
             ------------------------  -----------  ------  -----------  -----  ----------  ----------- 
              To authorise 
               the directors 
               to allot ordinary 
 5             shares                   29,726,974   99.98   4,601        0.02   882,405     29,731,575 
             ------------------------  -----------  ------  -----------  -----  ----------  ----------- 
              To disapply pre-emption 
 6*            rights                   29,726,974   99.98   4,601        0.02   882,405     29,731,575 
             ------------------------  -----------  ------  -----------  -----  ----------  ----------- 
              To authorise 
               the Company to 
 7*            make market purchases    29,726,770   99.98   4,805        0.02   882,405     29,731,575 
             ------------------------  -----------  ------  -----------  -----  ----------  ----------- 
 

*Special resolution

Notes:

1. "Votes For" includes those giving the Chairman discretion and votes "For" and "Against" are expressed as a percentage of votes received.

2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" and "Against" a resolution.

3. Total number of ordinary shares in issue at 10.30 a.m. on 12 February 2019 was 97,006,397 ordinary shares. 31.6% of voting capital was instructed.

A copy of the resolutions passed at today's AGM is available for viewing online at: http://www.groundrentsincomefund.com/.

FOR FURTHER INFORMATION CONTACT:

 
 Ground Rents Income Fund plc 
 Simon Wombwell (Director)                       0207 499 6424 
                                                -------------- 
 Brooks Macdonald Funds Limited 
                                                -------------- 
 James Agar (Head of Specialist Funds)           0207 659 3454 
                                                -------------- 
 N+1 Singer (Broker) 
                                                -------------- 
 James Maxwell / Ben Farrow                      0207 496 3000 
                                                -------------- 
 Tavistock (Media) 
                                                -------------- 
 Jeremy Carey / James Whitmore                   0207 920 3150 
                                                -------------- 
 Appleby Securities (Channel Islands) Limited 
  (Sponsor) 
                                                -------------- 
 Andrew Weaver / Zim Ceko                        01481 755 600 
                                                -------------- 
 

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END

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February 12, 2019 08:00 ET (13:00 GMT)