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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Regional Reit Limited | LSE:RGL | London | Ordinary Share | GG00BYV2ZQ34 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.90 | 21.85 | 21.95 | 22.05 | 20.85 | 20.85 | 1,802,899 | 16:35:07 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 93.32M | -65.16M | -0.1263 | -1.73 | 112.69M |
TIDMRGL
RNS Number : 2709G
Regional REIT Limited
25 May 2017
25 May 2017
REGIONAL REIT LIMITED (the "Company")
Result of Annual General Meeting
The Company is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a show of hands.
Resolutions 1 to 9 were passed as ordinary resolutions. Resolutions 10 and 11 were passed as extraordinary resolutions, as set out below:
Resolution 10 (extraordinary resolution): That the Directors be generally authorised to issue, allot and/or sell equity securities for cash, as if pre-emption rights attached to such shares did not apply to such allotment, issue and/or sale of such shares.
Resolution 11 (extraordinary resolution): That the Directors be authorised in addition to any authority granted under resolution 10 to allot, issue and/or sell equity securities for cash as if the pre-emption rights attached to such shares did not apply to any such allotment, issue and/or sale of such shares for the purposes of acquisitions or capital investments.
The proxy votes received in relation to these resolutions were as follows:
Resolutions For % Against % Withheld Resolution 1 154,025,451 99.99 3,600 0.01 429 Resolution 2 153,971,934 99.96 57,117 0.04 429 Resolution 3 153,971,934 99.96 57,117 0.04 429 Resolution 4 154,023,951 99.99 3,600 0.01 1,929 Resolution 5 154,023,951 99.99 3,600 0.01 1,929 Resolution 6 154,023,951 99.99 3,600 0.01 1,929 Resolution 7 154,023,951 99.99 3,600 0.01 1,929 Resolution 8 154,023,951 99.99 3,600 0.01 1,929 Resolution 9 153,907,104 99.99 1,980 0.01 52,446 Resolution 10 151,101,977 98.10 2,927,074 1.90 429 Resolution 11 151,101,977 98.10 2,927,074 1.90 429
Notes:
1. Any proxy appointments giving discretion to the Chairman of the Meeting have been included in the "For" totals above.
2. 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 full text of the resolutions may be found in the Notice of the Annual General Meeting, copies of which are available on both the Company's website www.regionalreit.com and on the National Storage Mechanism.
A copy of the resolutions passed at the Annual General Meeting, have been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/nsm.
For further information please contact:
Capita Company Secretarial Services Limited
Company Secretary
Tel: +44 (0) 1392 477500
Enquiries:
Regional REIT Limited Press enquiries through Headland PR Toscafund Asset Management LLP Tel: +44 (0) 20 7845 6100 Investment Manager to the Group James S Johnson, Investor Relations, Regional REIT Limited London & Scottish Investments Limited Tel: +44 (0) 141 248 4155 Asset Manager to the Group Stephen Inglis Headland PR Consultancy LLP Tel: +44 (0) 20 7367 5222 Financial PR Francesca Tuckett
About Regional REIT
Regional REIT Limited (LSE: RGL) is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway.
Regional REIT is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed by the combination of two existing funds previously created by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to Shareholders and with a strong focus on income.
The Group's investment portfolio, as at 31 December 2016, was spread across 123 regional properties, 941 units and 717 tenants. As at 31 December 2016, the investment portfolio had a value of GBP502.4m and a net initial yield of 6.7%. The weighted average unexpired lease term to first break was 3.6 years.
The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.
ESMA Legal Entity Identifier ("LEI"): (549300D8G4NKlRIKBX73)
Cautionary Statement
This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 25, 2017 09:43 ET (13:43 GMT)
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