REG - Empiric Student Prop - RESULTS OF ANNUAL GENERAL MEETING

Empiric Student PropertyAnnouncement

22/05/2024 13:15

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RNS Number : 5015P  Empiric Student Property PLC  22 May 2024

 

Empiric Student Property plc

("Empiric" or the "Company" or, together with its subsidiaries, the "Group")

 

RESULTS OF ANNUAL GENERAL MEETING

 

Empiric Student Property plc (ticker: ESP), the owner and operator of premium,
studio-led student accommodation aligned to top-tier universities, announces
that all resolutions proposed at the Company's Annual General Meeting held on
22 May 2024 were voted on and duly passed by a poll by the Company's
shareholders and the results of the poll, including proxy votes received, are
set out below.

 

 Resolutions 1 to 14 (inclusive) were proposed as ordinary resolutions and
resolutions 15 to 18 (inclusive) were proposed as special resolutions.

 

 RESOLUTION                                                                       FOR*                           AGAINST                        WITHHELD

                                                                                                                                                VOTES**
                                                                                  VOTES        % OF VOTES CAST*  VOTES        % OF VOTES CAST*
 1.   To receive the Company's Annual Report and Accounts for the financial       454,756,254  99.9953           21,586       0.0047            316,535
 year ended 31 December 2023
 2.   To approve the Directors' Remuneration Report for the year ended 31         415,178,567  91.2336           39,893,651   8.7664            22,157
 December 2023
 3.   To approve a replacement Long Term Incentive Plan                           448,055,710  98.4599           7,008,386    1.5401            30,279
 4.   To re-appoint BDO LLP as Auditors of the Company                            448,245,594  99.9837           73,251       0.0163            6,775,530
 5.   To authorise the Directors to determine the remuneration of the             455,037,108  99.9880           54,458       0.0120            2,809
 Auditors
 6.   To authorise the Directors to declare and pay all dividends as interim      454,246,539  99.9979           9,386        0.0021            838,450
 dividends
 7.   To re-elect Mark Pain as a Director of the Company                          376,489,469  89.7282           43,099,394   10.2718           35,505,512
 8.   To elect Alice Avis as a Director of the Company                            449,974,665  98.8763           5,113,939    1.1237            5,771
 9.   To re-elect Duncan Garrood as a Director of the Company                     453,853,940  99.7288           1,234,265    0.2712            6,170
 10.  To re-elect Martin Ratchford as a Director of the Company                   449,976,986  98.8769           5,111,218    1.1231            6,171
 11.  To re-elect Clair Preston-Beer as a Director of the Company                 449,978,518  98.8771           5,110,086    1.1229            5,771
 12.  To re-elect Donald Grant as a Director of the Company                       451,298,409  99.1672           3,789,796    0.8328            6,170
 13.  To authorise the Directors to allot shares under up to the limits set       438,075,450  96.2616           17,013,152   3.7384            5,773
 out in the Notice of meeting
 14.  To approve the Company's two-year Climate Strategy Plan.                    328,749,307  74.7764           110,893,575  25.2236           15,451,493
 15. Special Resolution - To authorise  the Directors to allot equity             419,365,759  92.1576           35,687,126   7.8424            41,490
 securities for cash, without making a pre-emptive offer to shareholders, up to
 the limits set out in the Notice of Meeting.
 16. Special Resolution To authorise  the Directors to allot equity securities    404,313,335  88.8814           50,577,677   11.1186           203,363
 for cash in connection with a specified investment, without making a
 pre-emptive offer to shareholders, up to the limits set out in the Notice of
 Meeting.
 17. Special Resolution To authorise the Company to make market purchases of      448,156,276  98.5026           6,812,633    1.4974            125,466
 own shares in the Company
 18. Special resolution - That a general meeting may be called on not less than   437,621,390  96.1606           17,472,981   3.8394            4
 14 clear days' notice

 

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.

 

As at the date of the meeting, there were 603,463,617 ordinary shares with
voting rights in issue. The Company does not hold any shares in Treasury.

 

The Company was disappointed with the outcome of resolution 14, regarding the
advisory vote on its two-year climate related commitments. We will shortly
engage with shareholders to better understand the votes received against this
resolution.

In accordance with Listing Rule 9.6.2(R), a copy of the resolutions passed at
the Annual General Meeting, other than those constituting ordinary business,
will be available for inspection on the National Storage Mechanism
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

ENDS

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

 Empiric Student Property plc                                 (via FTI Consulting below)
 Duncan Garrood (Chief Executive Officer)
 Donald Grant (Chief Financial & Sustainability Officer)

 FTI Consulting (Communications Adviser)                      020 3727 1000
 Dido Laurimore                                               empiric@fticonsulting.com (mailto:empiric@fticonsulting.com)

 Eve Kirmatzis

 

 

The Company's LEI is 213800FPF38IBPRFPU87.

 

Further information on Empiric can be found on the Company's website at
www.empiric.co.uk (http://www.empiric.co.uk/) .

 

Notes:

Empiric Student Property plc is a leading provider and operator of modern,
predominantly direct-let, premium student accommodation serving key UK
universities. Investing in both operating and development assets, Empiric is a
fully integrated operational student property business focused on premium
studio-led accommodation managed through its Hello Student operating platform,
that is attractive to affluent growing student segments.

 

The Company, an internally managed real estate investment trust ("REIT")
incorporated in England and Wales, listed on the premium listing segment of
the Official List of the Financial Conduct Authority and was admitted to
trading on the main market for listed securities of the London Stock Exchange
in June 2014. The Company is classified as a commercial company listed under
chapter 6 of the UK Listing rules and as such is not an alternative investment
fund ("AIF") for the purposes of the Alternative Investment Fund Managers
Directive ("AIFMD") and is not required to provide investors with a Key
information Document ("KID") in accordance with the Packaged Retail and
Insurance-based Investment Products ("PRIIPs") regulations.

 

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