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SWEF Starwood European Real Estate Finance Limited

92.20
-1.80 (-1.91%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Starwood European Real Estate Finance Limited LSE:SWEF London Ordinary Share GG00BRC3R375 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.80 -1.91% 92.20 92.60 94.60 94.60 92.40 93.00 8,307 16:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 39.02M 29.36M 0.0742 12.45 365.53M

SWEF: Result of AGM & EGM (811869)

15/05/2019 3:40pm

UK Regulatory


 
 Starwood European Real Estate Finance Ltd (SWEF) 
SWEF: Result of AGM & EGM 
 
15-May-2019 / 15:38 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
15 May 2019 
 
      Starwood European Real Estate Finance Limited 
 
 Results of Sixth Annual General Meeting and Extraordinary General Meeting 
 
  The Board of Starwood European Real Estate Finance Limited announces that, 
at the Sixth Annual General Meeting of the Company held on Wednesday, 15 May 
 2019, the resolutions put to the meeting were approved by shareholders on a 
            show of hands. 
 
Details of the proxy votes lodged are set out below: 
 
     Ordinary Resolution          For*      Against   Withheld** 
                               238,730,180     0      2,678,000 
 
1) To receive the Annual 
Report and Consolidated 
Financial Statements for the 
period ended 31 December 
2018. 
 
                               238,396,193  333,986   2,678,000 
 
2) To approve the Directors' 
Remuneration Report for the 
period ended 31 December 
2018. 
 
                               214,185,470 10,073,781 17,148,928 
 
3) To re-elect as a Director 
of the Company, Stephen 
Smith. 
 
                               239,610,099 1,798,081      0 
 
4) To re-elect as a Director 
of the Company, John 
Whittle. 
 
                               232,039,283 9,368,897      0 
 
5) To re-elect as a Director 
of the Company, Jonathan 
Bridel. 
 
                               241,028,190  354,989     25,000 
 
6) To re-appoint 
PricewaterhouseCoopers LLP 
as Auditors of the Company. 
 
                               241,400,680     0        7,500 
 
7) To authorise the 
Directors to agree the 
remuneration of the 
Auditors. 
 
                               241,408,180     0          0 
 
8) To approve the Company's 
dividend policy. 
 
      Special Resolution          For*      Against   Withheld** 
                               237,402,306 4,005,874      0 
 
9) To authorise the 
Directors to allot shares 
(equal to 10% of the 
Ordinary shares ) 
 
                               213,777,065 27,631,115     0 
 
10) To authorise the 
Directors to disapply 
Pre-Emption Rights (up to a 
maximum of 10% of the 
Ordinary Shares) 
 
                               238,716,677 2,691,503      0 
 
11) To authorise the Company 
to make market purchases of 
its own shares. 
 
   The Board notes the number of votes received against Resolution 10 at the 
AGM, in relation to the dis-application of pre-emption rights (in respect of 
the allotment of shares proposed by Resolution 9). The Board is aware of the 
          Pre-Emption Group's views in general about the granting of certain 
         disapplication authorities. The Board had set out its rationale for 
      Resolution 10 for the Company in the Notice of Annual General Meeting. 
 However, the Board notes the votes against the resolution and will continue 
  to engage with shareholders in order to understand their views in relation 
            to the specific authority sought. 
 
 The full text of the resolutions may be found in the Notice of Sixth Annual 
  General Meeting contained in the Shareholder Document dated 25 March 2019, 
            copies of which are available on both the Company's website 
   www.starwoodeuropeanfinance.com [1] and on the National Storage Mechanism 
            www.morningstar.co.uk/uk/NSM [2]*** 
 
            * Includes discretionary votes received 
 
** A vote withheld is not a vote in law and is not counted in the proportion 
            of votes 'for' or 'against' a resolution 
 
*** Neither the NSM website nor the Company's website nor the content of any 
 website accessible from hyperlinks on those websites (or any other website) 
  is (or is deemed to be) incorporated into, or forms (or is deemed to form) 
            part of this announcement 
 
Extraordinary General Meeting 
 
     The Board further notes that following the successful completion of the 
     recent issue of new ordinary shares under a placing and for the reasons 
      announced on 7 May 2019, the resolutions proposed at the Extraordinary 
   General Meeting were not put to the meeting and the meeting was adjourned 
            indefinitely. 
 
Enquiries: 
 
Apex Fund and Corporate Services (Guernsey) Limited Dave Taylor 01481 735879 
 
Notes: 
 
      Starwood European Real Estate Finance Limited is an investment company 
   listed on the main market of the London Stock Exchange with an investment 
  objective to provide Shareholders with regular dividends and an attractive 
         total return while limiting downside risk, through the origination, 
     execution, acquisition and servicing of a diversified portfolio of real 
   estate debt investments in the UK and the wider European Union's internal 
            market. www.starwoodeuropeanfinance.com [1]. 
 
    The Group is the largest London-listed vehicle to provide investors with 
            pure play exposure to real estate lending. 
 
The Group's assets are managed by Starwood European Finance Partners 
Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group. 
 
ISIN:          GG00B79WC100 
Category Code: ROM 
TIDM:          SWEF 
LEI Code:      5493004YMVUQ9Z7JGZ50 
Sequence No.:  8652 
EQS News ID:   811869 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=becc5c83790358f02808a7970e9d8d13&application_id=811869&site_id=vwd_london&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d16e1e2c58f305fa956b4e96999f613e&application_id=811869&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

May 15, 2019 10:40 ET (14:40 GMT)

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