Picton Prop Inc Ltd Result of AGM

 
TIDMPCTN 
 
17 November 2021 
 
                        PICTON PROPERTY INCOME LIMITED 
 
                   ("Picton", the "Company" or the "Group") 
 
                           LEI: 213800RYE59K9CKR4497 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held today, all Ordinary and 
Special Business Resolutions set out in the Annual General Meeting Notice sent 
to Shareholders dated 15 October 2021 were duly passed. 
 
Details of the proxy voting results which should be read alongside the Notice 
are noted below: 
 
 Ordinary       For         %    Discretion    %      Against       %      Abstain 
Resolution                       (voted in 
                                  favour) 
 
    1       336,175,163   97.45    1,390     0.01    8,786,916    2.55     667,058 
 
    2       336,452,577   97.42    1,390     0.01    8,892,017    2.57     284,543 
 
    3       345,291,419   99.98    2,561     0.01      52,790     0.02     283,757 
 
    4       343,396,931   99.44    1,390     0.01    1,944,501    0.56     287,705 
 
    5       337,866,362   97.84    1,090     0.01    7,472,776    2.16     290,299 
 
    6       344,549,536   99.77    1,390     0.01     791,896     0.23     287,705 
 
    7       344,649,937   99.80    1,390     0.01     691,495     0.20     287,705 
 
    8       344,582,223   99.78    1,390     0.01     756,615     0.22     290,299 
 
    9       344,514,959   99.76    1,090     0.01     828,127     0.24     286,351 
 
    10      246,927,948   72.17    1,090     0.01    95,213,590   27.83   3,487,899 
 
    11      333,280,593   96.51    1,090     0.01    12,044,009   3.49     304,835 
 
 Special        For         %    Discretion    %      Against       %      Abstain 
Resolution                       (voted in 
                                  favour) 
 
    12      336,335,696   97.42    2,090     0.01    8,920,782    2.58     371,959 
 
    13      334,147,883   96.76    2,390     0.01    11,185,992   3.24     294,262 
 
    14      318,338,455   92.18    2,390     0.01    26,990,344   7.82     299,338 
 
The Board is pleased to note that all resolutions were passed with the 
requisite majority of votes and welcomes the support of the Company's 
shareholders. 
 
The Board notes that while Resolution 11 - To receive and adopt the Directors' 
Remuneration Policy, had near unanimous support, Resolution 10 - To receive and 
adopt the Directors' Remuneration Report for the year ended 31 March 2021, had 
lower overall support. 
 
The Remuneration Committee gave careful consideration to executive remuneration 
during 2021 and sought external input including a consultation with larger 
shareholders, proxy agencies and other stakeholders prior to making its 
executive director pay proposal and devising the new Remuneration Policy. 
 
It is therefore disappointing that that a minority of shareholders were unable 
to support this resolution.  As the Company values an open and transparent 
dialogue with shareholders, it will continue to engage with them to ensure 
their views are understood. 
 
Enquiries: 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel: [phone] 
 
 
Note to Editors 
 
Picton, established in 2005, is a UK REIT. It owns and actively manages a £745 
million diversified UK commercial property portfolio, invested across 46 assets 
and with around 350 occupiers (as at 30 September 2021). Through an occupier 
focused, opportunity led approach to asset management, Picton aims to be one of 
the consistently best performing diversified UK focused property companies 
listed on the main market of the London Stock Exchange. 
 
For more information please visit: www.picton.co.uk 
 
                                     ENDS 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 17, 2021 11:17 ET (16:17 GMT)