Impact Healthcare REIT PLC Result of AGM (1228Z)

TIDMIHR

RNS Number : 1228Z

Impact Healthcare REIT PLC

15 May 2019

15 May 2019

Impact Healthcare REIT plc

("Impact" or the "Company")

RESULT OF ANNUAL GENERAL MEETING

The Board of Impact Healthcare REIT plc (ticker: IHR) announces that at the Company's Annual General Meeting, held on 14 May 2019, all resolutions were duly passed on a show of hands and the results of the proxy votes received are set out below.

Resolutions 1 to 12 (inclusive) were proposed as ordinary resolutions and resolutions 13 to 16 (inclusive) were proposed as special resolutions.

Every shareholder has one vote for every Ordinary Share held. As at 8 April 2019, the share capital of the Company consisted of 192,206,831 Ordinary Shares with voting rights. The Company does not hold any shares in Treasury.

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm

 
      Resolution       Votes For*   %       Votes Against   %      Total votes       Total votes       Vote Withheld 
                                                                   validly cast      cast as % of      ** 
                                                                                     issued share 
                                                                                     capital 
      Receive annual 
      accounts for 
      period ended 
      31 December 
 1    2018             90,711,125   100     0               0      90,711,125        47.19             0 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
      Approve 
      directors' 
      remuneration 
 2    report           90,711,125   100     0               0      90,711,125        47.19             0 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
      Approve the 
      company's 
      dividend 
 3    policy           90,711,125   100     0               0      90,711,125        47.19             0 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
      Re-elect 
      Rupert Barclay 
 4    as a director    90,711,125   100     0               0      90,711,125        47.19             0 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
      Re-elect 
      Rosemary Boot 
 5    as a director    90,711,125   100     0               0      90,711,125        47.19             0 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
      Re-elect 
      Philip Hall as 
 6    a director       90,711,125   100     0               0      90,711,125        47.19             0 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
      Re-elect Paul 
      Craig as a 
 7    director         90,711,125   100     0               0      90,711,125        47.19             0 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
      Elect Amanda 
      Aldridge as a 
 8    director         90,711,125   100     0               0      90,711,125        47.19             0 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
 9    To appoint BDO   90,711,125   100     0               0      90,711,125        47.19             0 
      LLP as the 
      Company's 
      auditor 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
 10   To authorise     90,711,125   100     0               0      90,711,125        47.19             0 
      the board of 
      directors to 
      determine the 
      auditors 
      remuneration 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
 11   To authorise     90,711,125   100     0               0      90,711,125        47.19             0 
      the Directors 
      to allot 
      shares under 
      section 551 
      Companies Act 
      2006 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
 12   Subject to the   90,711,125   100     0               0      90,711,125        47.19             0 
      passing of 
      resolution 11, 
      to authorise 
      the Directors 
      to allot 
      additional 
      shares 
      under section 
      551 Companies 
      Act 2006 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
 13   Subject to the   90,711,125   100     0               0      90,711,125        47.19             0 
      passing of 
      resolution 11, 
      to disapply 
      statutory 
      pre-emption 
      rights under 
      section 
      570 Companies 
      Act 2006 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
 14   Subject to the   90,631,791   99.91   79,334          0.09   90,711,125        47.19             0 
      passing of 
      resolution 12, 
      to disapply 
      statutory 
      pre-emption 
      rights under 
      section 
      570 Companies 
      Act 2006 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
 15   To authorise     90,711,125   100     0               0      90,711,125        47.19             0 
      the Company to 
      make market 
      purchase of 
      its own 
      ordinary 
      shares 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
 16   To permit        90,711,125   100     0               0      90,711,125        47.19             0 
      general 
      meetings to be 
      called on 14 
      days' notice 
     ---------------  -----------  ------  --------------  -----  ----------------  ----------------  ---------------- 
 

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

The Company's LEI is: 213800AX3FHPMJL4IJ53

Further information on Impact is available at www.impactreit.uk

NOTES:

Impact Healthcare REIT plc is a real estate investment trust ("REIT") which aims to provide shareholders with an attractive return, principally in the form of quarterly income distributions and with the potential for capital and income growth, through exposure to a diversified portfolio of UK healthcare real estate opportunities, in particular residential care homes. The Group's investment policy is to acquire, renovate, extend and redevelop high quality healthcare real estate assets in the UK and lease those assets primarily to healthcare operators providing residential healthcare services under full repairing and insuring leases.

The Company's intention is to pay a target dividend of 6.17 pence per share for the year to 31 December 2019(1) .

The Company will seek to grow the target dividend in line with the inflation-linked rental uplifts received by the Group under the terms of the rent review provisions contained in the Group's leases in the prior financial year.

The Company's ordinary shares were admitted to trading on the main market of the London Stock Exchange, premium fund segment, on 8 February 2019.

(1) This is a target only and not a profit forecast. There can be no assurance that the target will be met and it should not be taken as an indicator of the Company's expected or actual results.

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May 15, 2019 06:39 ET (10:39 GMT)