Ground Rents Income Fund PLC Result of Meeting (8647S)

TIDMGRIO

RNS Number : 8647S

Ground Rents Income Fund PLC

08 November 2019

GROUND RENTS INCOME FUND PLC ("GRIO" OR THE "COMPANY")

Result of Warrantholder Meeting and General Meeting

The Company announces that the Special Resolutions put to the Warrantholders at the Warrantholder Meeting and Shareholders at the General Meeting, each of which took place today at 10.00 am and 10.30 am respectively, were passed.

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

 
Resolution               For (see note     Against (see      Number of votes  Total votes 
                          1)                note 1)           withheld (see    cast 
                                                              note 2) 
                         Number of    %    Number of    % 
                          votes             votes 
  The authorisation 
   of the distribution 
   of capital reserves 
   arising as a result 
   of the proposed 
   capital reduction     1,229,849  89.69  141,378    10.31  0                1,371,227 
 

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

 
Resolution                For (see note      Against (see     Number of votes  Total votes 
                           1)                 note 1)          withheld (see    cast 
                                                               note 2) 
                          Number of     %    Number of   % 
                           votes              votes 
  The release of 
   claims against 
   shareholders, 
   directors and 
   former directors 
   in respect of 
   certain historic 
   distributions          33,362,560  99.83  56,001     0.17  25,819           33,418,561 
  The cancellation 
   of the share premium 
   account                33,368,329  99.83  56,001     0.17  20,050           33,424,330 
 

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. The total number of issued warrants at 10.00am on 8 November 2019 was 4,423,876. 31% of voting capital was instructed. The total number of ordinary shares in issue at 10.30am on 8 November 2019 was 97,006,497 ordinary shares. 34.45% of voting capital was instructed.

A copy of the resolutions passed at today's General Meeting and Warrantholder Meeting is available for viewing online at: www.groundrentsincomefund.com

8 November 2019

FOR FURTHER INFORMATION CONTACT:

Schroder Real Estate Investment Management Limited

James Agar / Matthew Riley

020 7658 6000

N+1 Singer (Broker)

James Maxwell / Ben Farrow

020 7496 3000

Tavistock (Media)

James Whitmore / Jeremy Carey

020 7920 3150

Appleby Securities (Channel Islands) Limited (Sponsor)

Andrew Weaver

01534 888777

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November 08, 2019 11:30 ET (16:30 GMT)