Highcroft Investments PLC Result of AGM (4620O)

TIDMHCFT

RNS Number : 4620O

Highcroft Investments PLC

17 May 2018

Highcroft Investments plc

(the "Company" or "Highcroft")

Annual General Meeting 2018

Results of the Annual General Meeting held on 17 May 2018

Highcroft announces that at its Annual General Meeting, which was held at 12.00 today, all the proposed resolutions were duly approved by the shareholders by way of a poll. Resolutions 1 to 9 were proposed as ordinary resolutions and resolution 10 was proposed as a special resolution. The voting results are set out below and are also available on the Company's website at www.highcroftplc.com.

Under the Financial Conduct Authority's Listing Rules, because the Kingerlee Concert Party is classed as a "controlling shareholder" (defined as a person who exercises or controls, on their own or together with any other person with whom they are acting in concert, 30% or more of the voting rights in the Company) a resolution for the election and re-election of independent directors must be approved by an ordinary resolution of, the shareholders and separately approved by, those shareholders who are not controlling shareholders (the "Independent Shareholders").

Accordingly the results below show the voting by all shareholders and, separately, on resolutions 4 and 8 only, the voting by the Independent Shareholders (which excludes the voting interest of the Kingerlee Concert Party, as controlling shareholder, holding 2,164,466 ordinary shares which represents 41.9% of the issued ordinary share capital of the Company).

 
                                      In favour         Against 
---  ---------------------------  -----------------  -------------  --------- 
      RESOLUTION                     Votes     %age   Votes   %age   Withheld 
---  ---------------------------  ----------  -----  ------  -----  --------- 
      To receive and 
       consider the report 
       and accounts for 
       the year ended 
 1     31 December 2017.           3,128,458    100       0      0          0 
---  ---------------------------  ----------  -----  ------  -----  --------- 
      To approve a final 
       property income 
       distribution of 
       30.0p per share 
       on the ordinary 
       shares of the Company 
       for the year ended 
       31 December 2017 
       to be paid on 1 
       June 2018 to shareholders 
       on the register 
       of members on 4 
 2     May 2018.                   3,128,458    100       0      0          0 
---  ---------------------------  ----------  -----  ------  -----  --------- 
      In accordance with 
       the Companies Act 
       2006, to approve, 
       on an advisory 
       only basis the 
       directors' remuneration 
       report, excluding 
       the part containing 
       the directors' 
       remuneration policy, 
       contained in the 
       annual report for 
       the year ended 
 3     31 December 2017.           3,120,958    100       0      0      7,500 
---  ---------------------------  ----------  -----  ------  -----  --------- 
      To re-elect Charles 
       Butler as a director 
 4     of the Company.             3,120,958    100       0      0      7,500 
---  ---------------------------  ----------  -----  ------  -----  --------- 
      To re-elect Simon 
       Gill as a director 
 5     of the Company.             3,128,458    100       0      0          0 
---  ---------------------------  ----------  -----  ------  -----  --------- 
      To re-elect David 
       Kingerlee as a 
       director of the 
 6     Company.                    3,128,458    100       0      0          0 
---  ---------------------------  ----------  -----  ------  -----  --------- 
      To re-elect Roberta 
       Miles as a director 
 7     of the Company.             3,128,458    100       0      0          0 
---  ---------------------------  ----------  -----  ------  -----  --------- 
      To re-elect Simon 
       Costa as a director 
 8     of the Company.             3,120,958    100       0      0      7,500 
---  ---------------------------  ----------  -----  ------  -----  --------- 
      To re- appoint 
       Mazars LLP as auditor 
       to hold office 
       from the conclusion 
       of the meeting 
       to the conclusion 
       of the next meeting 
       at which accounts 
       are laid before 
       the Company and 
       to authorise the 
       directors to fix 
       the remuneration 
       of the auditor 
       for the ensuing 
 9     year.                       3,128,458    100       0      0          0 
---  ---------------------------  ----------  -----  ------  -----  --------- 
      That a General 
       Meeting of the 
       Company (other 
       than an Annual 
       General Meeting) 
       may be called on 
       not less than 14 
 10    days' notice.               3,128,458    100       0      0          0 
---  ---------------------------  ----------  -----  ------  -----  --------- 
 

Votes of Independent Shareholders (excluding the voting interest of the Kingerlee Concert Party)

 
                                In favour         Against 
    ----------------------  -----------------  -------------  --------- 
     RESOLUTION                Votes     %age   Votes   %age   Withheld 
    ----------------------  ----------  -----  ------  -----  --------- 
     To re-elect Charles 
      Butler as a director 
 4    of the Company.        1,090,537    100       0      0      7,500 
    ----------------------  ----------  -----  ------  -----  --------- 
     To re-elect Simon 
      Costa as a director 
 8    of the Company.        1,090,537    100       0      0      7,500 
    ----------------------  ----------  -----  ------  -----  --------- 
 

Notes:

(a) The votes in favour include those votes giving the Chairman discretion.

(b) A vote withheld is not a vote in law and is not counted in the votes for or against a resolution.

Enquiries:

Highcroft Investments PLC

Charles Butler/Roberta Miles 01865 840023

Panmure Gordon (UK) Limited

Andrew Potts/Fabien Holler 020 7886 2500

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 17, 2018 08:29 ET (12:29 GMT)