Triple Point Social Housing REIT Result of Annual General Meeting (9556M)

TIDMSOHO

RNS Number : 9556M

Triple Point Social Housing REIT

14 May 2020

14 May 2020

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

RESULT OF ANNUAL GENERAL MEETING

The Board of Triple Point Social Housing REIT plc (ticker: SOHO) is pleased to announce that at the Company's Annual General Meeting held today, all resolutions were voted on by way of a poll and were passed by shareholders.

Resolutions 1 to 11 (inclusive) were proposed as ordinary resolutions and resolutions 12 to 15 (inclusive) were proposed as special resolutions. The results of the poll were as follows:

 
      Resolution         Votes For      %      Votes Against    %     Total votes     Total votes     Votes Withheld** 
                                                                        validly        cast as % 
                                                                          cast         of issued 
                                                                                     share capital* 
      To receive and 
      adopt the 
      Annual 
      Report and 
      accounts of the 
      Company for the 
      year ended 
      31 December 
 1    2019              198,874,128   100.00       9,230       0.00   198,883,358        56.68               0 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To approve the 
      Directors' 
      Remuneration 
 2    Report            198,843,537   99.99       29,430       0.01   198,872,967        56.67             10,391 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-elect 
      Christopher 
      Phillips 
      as a Director 
 3    of the Company    198,859,128   100.00       9,230       0.00   198,868,358        56.67             15,000 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-elect Ian 
      Reeves CBE 
      as a Director 
 4    of the Company    198,859,128   100.00       9,230       0.00   198,868,358        56.67             15,000 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-elect 
      Peter Coward as 
      a Director of 
 5    the Company       198,859,128   100.00       9,230       0.00   198,868,358        56.67             15,000 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-elect 
      Paul Oliver as 
      a Director of 
 6    the Company       182,096,711   92.71     14,321,158     7.29   196,417,869        55.98           2,465,489 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-elect 
      Tracey 
      Fletcher-Ray 
      as a Director 
 7    of the Company    198,859,128   100.00       9,230       0.00   198,868,358        56.67             15,000 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To re-appoint 
      BDO LLP as 
      Auditors 
 8    of the Company    198,849,458   99.99       13,509       0.01   198,862,967        56.67             20,391 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To authorise 
      the Audit 
      Committee 
      to determine 
      the Auditors' 
 9    remuneration      198,139,335   99.64       723,632      0.36   198,862,967        56.67             20,391 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To authorise 
      the Directors 
 10   to allot shares   198,157,609   99.65       705,358      0.35   198,862,967        56.67             20,391 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To authorise 
      the Directors 
      to declare and 
      pay all 
      dividends 
      of the Company 
      as interim 
 11   dividends         198,874,128   100.00       9,230       0.00   198,883,358        56.68               0 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To dis-apply 
      statutory 
      pre-emption 
 12   rights up to 5%   198,849,804   99.99       13,163       0.01   198,862,967        56.67             20,391 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To dis-apply 
      pre-emption 
      rights 
      up to a further 
      5% in 
      connection 
      with an 
      acquisition or 
      specified 
      capital 
 13   investment        198,866,104   99.99       11,863       0.01   198,877,967        56.68             5,391 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To authorise 
      the Company to 
      purchase its 
 14   own shares        198,871,495   99.99       11,863       0.01   198,883,358        56.68               0 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
      To authorise 
      the calling of 
      general 
      meetings, other 
      than 
      an annual 
      general 
      meeting, 
      on not less 
      than 14 clear 
      days' 
 15   notice            194,342,613   97.72      4,535,354     2.28   198,877,967        56.68             5,391 
     ----------------  ------------  -------  --------------  -----  ------------  ----------------  ----------------- 
 

*Excluding treasury shares.

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

Every shareholder has one vote for every Ordinary Share held. As at 14 May 2020, the issued share capital of the Company consisted of 351,352,210 Ordinary Shares. The Company holds 450,000 Ordinary Shares in treasury, which do not carry voting rights. Therefore, the total voting number of voting rights in the Company is 350,902,210 Ordinary Shares.

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 12 March 2020, a copy of which is available on the Company's website at https://www.triplepointreit.com/investors/72/ .

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: https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
 Triple Point Investment Management   Tel: [phone] 
  LLP 
  (Delegated Investment Manager) 
 James Cranmer 
 Ben Beaton 
 Max Shenkman 
 
 Hanway Advisory Limited (Company     Tel: [phone] 
  Secretary) 
  Luke Cheshire 
 
 Akur Capital (Financial Adviser)     Tel: [phone] 
 Tom Frost 
 Anthony Richardson 
 Siobhan Sergeant 
 

The Company's LEI is 213800BERVBS2HFTBC58.

Further information on the Company can be found on its website at www.triplepointreit.com .

NOTES:

The Company invests in primarily newly developed social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-linked, long-term (typically from 20 years to 30 years), Fully Repairing and Insuring ("FRI") leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to an FRI lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development.

There is increasing political pressure and social need to increase housing supply across the UK which is creating opportunities for private sector investors to help deliver this housing. The Group's ability to provide forward funding for new developments not only enables the Company to secure fit for purpose, modern assets for its portfolio but also addresses the chronic undersupply of suitable supported housing properties in the UK at sustainable rents as well as delivering returns to investors.

Triple Point Investment Management LLP (part of the Triple Point Group) is responsible for management of the Group's portfolio (with such functions having been delegated to it by Langham Hall Fund Management LLP, the Company's alternative investment fund manager.

The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 8 August 2017 and was admitted to the premium segment of the Official List of the Financial Conduct Authority and migrated to trading on the premium segment of the Main Market on 27 March 2018. The Company operates as a UK Real Estate Investment Trust ("REIT") and is a constituent of the FTSE EPRA/NAREIT index.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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May 14, 2020 09:30 ET (13:30 GMT)