Yew Grove REIT PLC Result of EGM and Total Voting Rights (2584F)

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RNS Number : 2584F

Yew Grove REIT PLC

11 July 2019

Yew Grove REIT plc

(the "Company" or "Yew Grove")

Result of Extraordinary General Meeting

and

Total Voting Rights

Yew Grove REIT plc (LSE:YEW, Euronext:YEW), which owns a diversified portfolio of Irish commercial property assets, is pleased to announce that following the Extraordinary General Meeting (the "EGM") held earlier today, the Resolutions required 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 disapply pre-emption rights in respect of the allotment and issue of such number of New Shares, were duly passed by shareholders. Full details of the Resolutions passed were as follows:

 
 Resolution                          For                  Against          Total votes     Votes 
                                                                               cast       withheld 
                            Total votes      %      Total votes     % 
                           ------------            ------------  ------- 
 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                 51,823,061       100         0           0     51,823,061        0 
                           ------------  --------  ------------  -------  ------------  ---------- 
 To disapply pre-emption 
  rights in respect 
  of the allotment 
  and issue of such 
  number of New Shares      51,673,061      99.71     150,000       0.29   51,823,061        0 
                           ------------  --------  ------------  -------  ------------  ---------- 
 

Notes

1. Any proxy appointments which gave discretion to the Chairman have been included in the "Total votes for" total.

2. A "Vote Withheld" is not a valid vote in Irish law and was not counted in the calculation of the proportion of the votes "For" or "Against" a resolution.

Admission

The Initial Placing remains conditional, inter alia, upon Admission.

Application has been made for the 10 million Initial Placing Shares, which will rank pari passu in all respects with the existing Ordinary Shares (but for the avoidance of doubt shall not have an entitlement to the 2019 second quarter dividend of 1.37 cents per Ordinary Share or the special dividend of 1.86 cents per Ordinary Share as announced on 26 June 2019), to be admitted to trading on AIM and Euronext Growth. Admission and dealings in the Initial Placing Shares on AIM and Euronext Growth are expected to commence at 8.00 a.m. on 12 July 2019.

Total Voting Rights

Following Admission, the Company will have a total of 85,000,000 Ordinary Shares in issue. With effect from Admission, this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under, inter alia, the Disclosure Guidance and Transparency Rules.

Capitalised terms used in the Company's circular to Shareholders published on 13 June 2019 shall, unless otherwise defined herein or the context provides otherwise, have the same meanings in this announcement.

Enquiries

 
 Yew Grove REIT plc                   [phone] 
 Jonathan Laredo, Chief Executive 
 Michael Gibbons, Chief Investment 
  Officer 
 Charles Peach, Chief Financial 
  Officer 
 
 Investec Bank plc 
 Joint Broker, NOMAD & Joint 
  Bookrunner                          [phone] 
 David Anderson, Darren Vickers 
 
   Joint Broker, Euronext Growth 
   Advisor & Joint Bookrunner           [phone] 
 Tommy Conway, Eoin Kennedy 
 
 Goodbody Stockbrokers UC             [phone] 
 Joint Broker & Joint Bookrunner 
 David Kearney, Joe Gill, John 
  Flynn, Richard Tunney 
 
 IFC Advisory                         [phone] 
 Financial PR                         [e-mail] 
 Tim Metcalfe, Heather Armstrong 
 

Notes to editors:

Yew Grove REIT plc is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property, with a particular focus on well-tenanted commercial real estate assets comprising office and industrial assets 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 [e-mail] or visit www.rns.com.

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July 11, 2019 07:20 ET (11:20 GMT)