Unite Group PLC Result of AGM (5427Y)

TIDMUTG

RNS Number : 5427Y

Unite Group PLC

09 May 2019

9 May 2019

THE UNITE GROUP PLC (the "Company")

AGM - VOTING RESULTS

The Company announces that at its Annual General Meeting held today all resolutions were duly passed on a show of hands.

Details of the proxy votes are as follows:

 
                                        For                   Against 
            Resolution           Votes*      % Votes     Votes       % Votes    Votes Withheld 
                                               Cast                  Cast ***         ** 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
      Received Annual 
 1     Reports and Accounts    220,233,885   100.00        0          0.00         375,803 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
      Directors Remuneration 
 2     Policy                  213,670,741    96.85    6,938,947      3.15            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
      Annual Report on 
 3     Remuneration            213,625,277    96.97    6,682,764      3.03         301,647 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 4    Final Dividend           220,609,688   100.00        0          0.00            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 5    Re-elect P White         218,090,844    98.86    2,518,843      1.14            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 6    Re-elect R Smith         220,270,359    99.85     339,329       0.15            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 7    Re-elect J Lister        218,746,684    99.16    1,863,004      0.84            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 8    Re-elect T Wilson        219,972,916    99.71     636,772       0.29            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 9    Re-elect E McMeikan      215,423,639    97.65    5,186,049      2.35            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 10   Re-elect R Paterson      219,823,377    99.64     786,311       0.36            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 11   Elect R Akers            220,262,558    99.84     347,130       0.16            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 12   Elect I del Beato        220,259,482    99.85     339,201       0.15            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 13   Re-appoint Auditor       219,027,456    99.28    1,582,232      0.72            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 14   Auditors' Remuneration   219,031,673    99.28    1,578,015      0.72            0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
      Authority to Allot 
 15    Shares                  190,171,898    86.20    30,437,790     13.80           0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
      Dis-apply Pre-emption 
       Rights 1(st) 5% 
 16    (General)               219,735,658    99.99      30,106       0.01         843,769 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
      Dis-apply Pre-emption 
       Rights 2(nd) 5% 
       (acquisition or 
       Specific Capital 
 17    Investment)             215,136,149    97.89    4,629,615      2.11         843,769 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
      Allow General Meeting 
 18    on 14 days' notice      186,947,907    84.74    33,661,781     15.26           0 
     -----------------------  ------------  --------  -----------  ----------  --------------- 
 

* Includes those votes giving the Chairman discretion.

** A "Vote Withheld" is not a vote in law and is not counted in the calculation of "For" and "Against" a resolution.

***0.0001 rounded to 0.00 for consistency

Maximum number of shares represented by proxy: 220,609,688 shares

Number of ordinary shares in issue as at the date of the AGM (no shares held in treasury): 263,556,191

Resolutions 1 to 15 were passed as ordinary resolutions, and Resolutions 16 to 18 were passed as special resolutions.

Pursuant to UK Listing Rule 9.6.2R, copies of all resolutions, other than those concerning ordinary business, adopted at the AGM will be shortly submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/NSM.

The full text of the resolutions passed at the AGM can be found in the Notice of AGM, which is available alongside the AGM results on the Company's website at http://www.unite-group.co.uk/.

END

For further information, please contact:

 
Unite Students 
 Christopher Szpojnarowicz, Company Secretary    Tel: [phone] 
 
 

About Unite Students

Unite Students is the UK's largest manager and developer of purpose-built student accommodation serving the country's world-leading higher education sector. We currently provide homes for almost 50,000 students in circa 130 properties across 22 leading university towns and cities in England and Scotland. Unite also has a strong development pipeline, which will deliver more than 6,000 beds in the next three years.

Our 1,400 people are driven by a common purpose: to provide the students who live with us a 'Home for Success' and to be the most trusted brand in the sector. We do this through quality service, quality people and quality properties, all designed on the basis of an unrivalled insight into students' needs and preferences.

Unite's accommodation is high quality, safe and secure, and located close to university campuses, transport links and local amenities. Students live predominantly in en-suite study bedrooms with rents covering all bills, insurance, 24-hour security, fortnightly cleaning services and high-speed Wi-Fi. MyUnite, our mobile app, provides practical support such as instant messaging and maintenance requests.

Our commitment to customer service is powered by an innovative, in-house operating platform. It provides a wide range of benefits to our students, such as an optimised online booking process, as well as providing us with a unique ability to drive value from our portfolio through scale efficiencies and revenue management.

Alongside delivering quality service, our other strategic priority is delivering growing and sustainable earnings, underpinned by a strong capital structure. A key part of this strategy is growing the number of beds let though partnerships with mid and high tariff universities which are experiencing record levels of student demand. We currently partner with 60 higher education institutions, guaranteeing that approximately 60% of our rooms are let under multi-year, 'nomination agreements' providing high visibility of forward occupancy and rental growth.

Unite is invested in and operates two specialist funds and joint ventures with institutional investment partners: the GBP2 billion Unite UK Student Accommodation Fund (USAF), and the GBP1 billion London Student Accommodation Vehicle (LSAV).

Unite is the founder of and major donor to the Unite Foundation, a charitable trust established to support talented students facing challenging financial circumstances through the provision of free accommodation annual scholarships. The Foundation has so far provided scholarships for 250 young people working in close collaboration with 28 universities.

Founded in 1991 in Bristol, Unite Group is an award-winning Real Estate Investment Trust (REIT), listed on the London Stock Exchange and a member of the FTSE 250 Index.

For more information, please visit Unite's corporate website www.unite-group.co.uk, the student site www.unite-students.com or the Unite Foundation www.unitefoundation.co.uk

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END

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May 09, 2019 07:05 ET (11:05 GMT)