Schroder Real Estate Result of AGM

 
TIDMSREI 
 
Schroder Real Estate Investment Trust Limited 
(an authorised closed ended company incorporated in Guernsey with registration 
                                 number 41959) 
 
 
LEI Number: 549300ZIJJTMTIIQJP67 Renewal Date- 12/12/2018 
(The "Company") 
 
7 September 2018 
 
                       RESULT OF ANNUAL GENERAL MEETING 
 
At the Annual General Meeting of the Company held on 7 September 2018, all 
Ordinary Resolutions set out in the Annual General Meeting Notice sent to 
Shareholders dated 21 May 2018  were duly passed. 
 
Details of the proxy voting results which should be read along side the Notice 
are noted below: 
 
  Ordinary          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
      1         259,531,617         2,394         65,087       245,456 
 
      2         259,639,863         2,394         202,297         0 
 
      3         259,780,245         2,394         11,916       50,000 
 
      4         258,712,322         2,394        1,055,338     74,500 
 
      5         259,442,431         2,394         325,229      74,500 
 
      6         259,754,506         2,394         13,155       74,500 
 
      7         258,929,642         2,394         651,649      260,869 
 
      8         259,754,222         2,394         87,939          0 
 
      9         259,830,245         2,394         11,916          0 
 
   Special          For          Discretion       Against      Abstain 
 Resolution                       (voted in 
                                   favour) 
 
      1         259,653,332         2,394         121,088      67,741 
 
      2         255,955,472         2,394        3,886,689        0 
 
Note - A vote withheld is not a vote in law and has not been counted in the 
votes for and against a resolution. 
 
The Special Resolutions were as follows: 
 
Special Resolution 1 
 
That the Company be authorised, in accordance with section 315 of The Companies 
(Guernsey) Law, 2008, as amended (the 'Companies Law'), to make market 
acquisitions (within the meaning of section 316 of the Companies Law) of 
ordinary shares in the capital of the Company ('Ordinary Shares'), provided 
that: 
 
a.    the maximum number of ordinary shares hereby authorised to be purchased 
shall be 14.99% of the issued ordinary shares on the date on which this 
resolution is passed; 
 
b.    the minimum price which may be paid for an ordinary share shall be GBP0.01; 
 
c.     the maximum price (exclusive of expenses) which may be paid for an 
ordinary share shall be the higher of (i) 105% of the average of the mid-market 
value of the ordinary shares for the five business days immediately preceding 
the date of the purchase; and (ii) that stipulated by the regulatory technical 
standards adopted by the European Union pursuant to the Market Abuse 
Regulation; 
 
d.    such authority shall expire at the conclusion of the Annual General 
Meeting of the Company to be held in 2019 unless such authority is varied, 
revoked or renewed prior to such date by Ordinary Resolution of the Company in 
general meeting; and 
 
e.    the Company may make a contract to purchase ordinary shares under such 
authority prior to its expiry which will or may be executed wholly or partly 
after its expiration and the Company may make a purchase of ordinary shares 
pursuant to any such contract. 
 
Special Resolution 2 
 
That the Directors of the Company be and are hereby empowered to allot ordinary 
shares of the Company for cash as if the pre-emption provisions contained under 
Article 13 of the Articles of Incorporation did not apply to any such 
allotments and to sell ordinary shares which are held by the Company in 
treasury for cash on a non-pre-emptive basis provided that this power shall be 
limited to the allotment and sales of ordinary shares: 
 
a. up to such number of ordinary shares as is equal to 10% of the ordinary 
shares in issue (including treasury shares) on the date on which this 
resolution is passed; 
 
b. at a price of not less than the net asset value per share as close as 
practicable to the allotment or sale; 
 
provided that such power shall expire on the earlier of the conclusion of the 
Annual General Meeting of the Company to be held in 2019 or on the expiry of 15 
months from the passing of this Special Resolution, except that the Company may 
before such expiry make offers or agreements which would or might require 
ordinary shares to be allotted or sold after such expiry and notwithstanding 
such expiry the Directors may allot or sell ordinary shares in pursuance of 
such offers or agreements as if the power conferred hereby had not expired. 
 
Enquiries: 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
The Company Secretary 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Tel:        [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

September 07, 2018 07:05 ET (11:05 GMT)