Triple Point Social Housing REIT Result of Annual General Meeting (7350N)

TIDMSOHO

RNS Number : 7350N

Triple Point Social Housing REIT

11 May 2018

11 May 2018

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 yesterday, all resolutions were passed on a show of hands.

Resolutions 1 to 11 (inclusive) were proposed as ordinary resolutions and resolutions 12 to 15 (inclusive) were proposed as special resolutions. The proxy votes received prior to the meeting were as follows:

 
    Resolution       Votes For      %     Discretionary    %      Votes      %       Total        Total       Votes 
                                              Votes               Against            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    2017           82,818,432   94.31     5,000,000     5.69      0       0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To approve 
      the 
      Directors' 
      Remuneration 
 2    Policy         82,409,672   93.84     5,000,000     5.69   408,760    0.47   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To approve 
      the 
      Directors' 
      Remuneration 
 3    Report         58,240,574   91.50     5,000,000     7.86   408,760    0.64   63,649,334     31.82     24,169,098 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To elect 
      Christopher 
      Phillips 
      as a 
      Director of 
 4    the Company    82,818,432   94.31     5,000,000     5.69      0       0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To elect Ian 
      Reeves CBE 
      as a 
      Director of 
 5    the Company    82,818,432   94.31     5,000,000     5.69      0       0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To elect 
      Peter Coward 
      as a 
      Director of 
 6    the Company    82,818,432   94.31     5,000,000     5.69      0       0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To elect 
      Paul Oliver 
      as 
      a Director 
      of the 
 7    Company        82,818,432   94.31     5,000,000     5.69      0       0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To appoint 
      BDO LLP as 
      Auditors of 
 8    the Company    62,736,939   92.62     5,000,000     7.38      0       0.00   67,736,939     33.87     20,081,493 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To authorise 
      the Audit 
      Committee to 
      determine 
      the 
      Auditors' 
 9    remuneration   82,818,432   94.31     5,000,000     5.69      0       0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To authorise 
      the 
      Directors 
      to allot 
 10   shares         82,818,432   94.31     5,000,000     5.69      0       0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To authorise 
      the 
      Directors 
      to declare 
      and pay all 
      dividends of 
      the Company 
      as interim 
 11   dividends      82,818,432   94.31     5,000,000     5.69      0       0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To dis-apply 
      statutory 
      pre-emption 
      rights up 
 12   to 5%          82,817,432   94.31     5,000,000     5.69    1,000     0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To dis-apply 
      pre-emption 
      rights up to 
      a further 
      5% in 
      connection 
      with 
      an 
      acquisition 
      or specified 
      capital 
 13   investment     82,817,432   94.31     5,000,000     5.69    1,000     0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To authorise 
      the Company 
      to purchase 
      its own 
 14   shares         82,818,432   94.31     5,000,000     5.69      0       0.00   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
      To authorise 
      the calling 
      of general 
      meeting, 
      other 
      than an 
      annual 
      general 
      meeting, on 
      not less 
      than 
      14 clear 
 15   days' notice   82,591,832   94.05     5,000,000     5.69   226,600    0.26   87,818,432     43.91         0 
     -------------  -----------  ------  --------------  -----  ---------  -----  -----------  ----------  ----------- 
 

* 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 10 May 2018, the share capital of the Company consisted of 200,000,000 Ordinary Shares with voting rights and 47,500,000 convertible, non-voting preference C Shares. The Company does not hold any shares in Treasury.

The full text of all the resolutions can be found in the Notice of Annual General Meeting dated 1 March 2018, a copy of which is available on the Company's website at https://www.triplepointreit.com/investors/72/

In accordance with Listing Rule 96.2 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: http://www.morningstar.co.uk/uk/nsm

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
 Triple Point Investment Management       (via Newgate below) 
  LLP 
  (Delegated Investment Manager) 
 James Cranmer 
 Ben Beaton 
 Max Shenkman 
 
 Akur Limited (Joint Financial Adviser)   Tel: [phone] 
 Tom Frost 
 Anthony Richardson 
 Siobhan Sergeant 
 
 Canaccord Genuity Limited (Joint         Tel: [phone] 
  Financial Adviser and Sole Global 
  Coordinator and Bookrunner) 
 Lucy Lewis 
 Denis Flanagan 
 Andrew Zychowski 
 
 Newgate (PR Adviser)                     Tel: [phone] 
 James Benjamin                           Em: [e-mail] 
 Anna Geffert 
 Patrick Hanrahan 
 Leena Patel 
 
 Langham Hall UK Services LLP (Company    Em: [e-mail] 
  Secretary) 
 
 

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 social housing assets in the UK, with a particular focus on supported housing. The assets within the portfolio are subject to inflation-adjusted, 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 and financial pressure on Housing Associations to increase their housing delivery and this is creating opportunities for private sector investors to participate in the market. The Group's ability to provide forward financing 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 and 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 Main Market of the London Stock Exchange on 8 August 2017 and operates as a UK Real Estate Investment Trust.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 11, 2018 02:00 ET (06:00 GMT)