Share Name Share Symbol Market Type Share ISIN Share Description
Yew Grove Reit Plc LSE:YEW London Ordinary Share IE00BDT5KP12 ORD SHS EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.855 0.84 0.87 0.855 0.8475 0.855 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 9.9 5.1 6.2 13.7 95

Yew Grove REIT PLC 29 May 2020 EGM Voting Results -- Update Statement

16/10/2020 7:00am

UK Regulatory (RNS & others)

Yew Grove Reit (LSE:YEW)
Historical Stock Chart

From Sep 2020 to Oct 2020

Click Here for more Yew Grove Reit Charts.


RNS Number : 2581C

Yew Grove REIT PLC

16 October 2020

Yew Grove REIT plc

(the "Company" or "Yew Grove")

29 May 2020 EGM Voting Results - Update Statement

Yew Grove REIT plc, the AIM and Euronext Growth listed regional Irish commercial property investor, provides an update in relation to the votes cast at the Company's EGM held on 29 May 2020 (the "EGM").

At the EGM, 21.87 per cent of votes were cast against the two resolutions proposed, which were (i) to grant authority to the Directors to allot and issue up to a maximum of 100 million new shares pursuant to the share issuance programme and (ii) to disapply pre-emption rights in respect of the allotment and issue of such number of new shares.

In the announcement released immediately following the EGM, the Board outlined the actions that it intended to take to engage with shareholders and an update is provided below.

While both resolutions proposed at the EGM were passed with the necessary majority, the Board is aware that certain institutional shareholders have a policy of not supporting this level of authority for the Directors to issue shares. The Company has further engaged with those shareholders that voted against the resolutions to ascertain the amount of shares that they believe are appropriate to be issued, given the Company's circumstances, and has received strong support from the majority of those shareholders for the levels granted following the passing of the EGM resolutions.

Therefore, following these consultations the Board still considers the flexibility afforded by these authorities to be in the best interests of the Company and its shareholders as the Company seeks to grow its portfolio of Irish commercial property assets.

The Board remains committed to, whenever it is practicable to do so, continuing its policy of maintaining an open and transparent dialogue with all shareholders.


 Yew Grove REIT plc                           +353 1 485 3950 
 Jonathan Laredo, Chief Executive Officer 
 Charles Peach, Chief Financial Officer 
 Michael Gibbons, Chief Investment Officer 
 Goodbody Stockbrokers UC                     +353 1 667 0400 
 Joint Broker & Euronext Growth Advisor 
 David Kearney, John Flynn, Edel O'Reilly, 
  Ronan Bransfield 
 Liberum Capital Limited 
 Joint Broker & Nomad                         +44 203 100 2000 
 Richard Crawley, Jamie Richards 
 IFC Advisory                                 +44 203 934 6630 
 Financial PR                        
 Tim Metcalfe, Graham Herring 

Forward-looking Statements

Certain information contained in this announcement may constitute forward looking information. This information relates to future events or occurrences or the Company's future performance. All information other than information of historical fact is forward looking information. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", "predict" and "potential" and similar expressions are intended to identify forward looking information. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that this information will prove to be correct and such forward looking information included in this announcement should not be relied upon. Forward-looking information speaks only as of the date of this announcement. The forward-looking information included in this announcement is expressly qualified by this cautionary statement and is made as of the date of this announcement. The Company and its Group does not undertake any obligation to publicly update or revise any forward-looking information except as required by applicable securities laws.

Notes to editors

Yew Grove REIT plc, quoted on the London Stock Exchange's AIM market and on the Euronext Growth Market in Dublin, is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property. Yew Grove has a particular focus on well-tenanted commercial real estate assets comprising of office and industrial assets outside of Dublin's Central Business District.

Yew Grove's highly experienced team has a proven track record in commercial property investment and asset management in Ireland and internationally and is focused on delivering results. Its investment approach is strategic, not speculative, principally on assets that are let, pre-let or to be let after refurbishment. Shareholders are provided with stable, long-term income from a diverse portfolio of commercial property comprising well-tenanted real estate in strategic centres let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.

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 or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.



(END) Dow Jones Newswires

October 16, 2020 02:00 ET (06:00 GMT)

1 Year Yew Grove Reit Chart

1 Year Yew Grove Reit Chart

1 Month Yew Grove Reit Chart

1 Month Yew Grove Reit Chart
ADVFN Advertorial
Your Recent History
Yew Grove ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20201022 12:54:43