REG - Real Estate Investrs - Result of AGM

Real Estate InvestorsAnnouncement

23/05/2024 15:00

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RNS Number : 7129P  Real Estate Investors PLC  23 May 2024

 

Real Estate Investors Plc

("REI" or the "Company")

 

Result of AGM

 

Real Estate Investors Plc (AIM:RLE), the UK's only Midlands-focused Real
Estate Investment Trust (REIT), with a portfolio of commercial property across
all sectors, is pleased to announce that all resolutions put to shareholders
at the Company's Annual General Meeting held earlier today were duly passed.

 

The total votes were cast as follows:

 Resolution  For         %      Against    %     Withheld
 1           85,021,185  99.99  11,000     0.01  18,265
 2           84,747,422  99.67  284,763    0.33  18,265
 3           84,697,045  99.74  217,502    0.26  135,903
 4           84,604,045  99.62  320,502    0.38  125,903
 5           84,418,842  99.41  497,009    0.59  134,599
 6           84,898,851  99.98  17,000     0.02  134,599
 7           80,877,826  95.13  4,134,853  4.86  25,771
 8           80,846,861  95.08  4,184,818  4.92  18,771
 9           84,683,992  99.72  241,859    0.28  124,599

 

 

Note: A vote "Withheld" is not a vote in law and is not counted in the
calculation of the proportion of the votes "For" and "Against" shown.

 

Enquiries:

 

 Real Estate Investors Plc

 Paul Bassi/Marcus Daly                                  +44 (0)121 212 3446

 Cavendish Capital Markets Limited (Nominated Adviser)   +44 (0)20 7220 0500

 Katy Birkin/Ben Jeynes

 Liberum (Broker)                                        +44 (0)20 3100 2000

 Jamie Richards/William King

 

About Real Estate Investors Plc

 

Real Estate Investors Plc is a publicly quoted, internally managed property
investment company and REIT with a portfolio of mixed-use commercial property,
managed by a highly-experienced property team with over 100 years of combined
experience of operating in the Midlands property market across all sectors.
The portfolio has no material reliance on a single asset or occupier. On 1st
January 2015, the Company converted to a REIT. Real Estate Investment Trusts
are listed property investment companies or groups not liable to corporation
tax on their rental income or capital gains from their qualifying
activities. The Company announced in January 2024 that it would be
undertaking an orderly strategic sale of the Company's portfolio over three
years, disposing of assets individually or collectively, at or above book
value, to optimise returns to shareholders.  The pace of the disposal
programme will be dictated by market conditions, with an initial focus on
repaying the Company's debt.  In the meantime, it is the Board's intention to
continue paying a fully covered quarterly dividend. Further information on the
Company can be found at www.reiplc.com.

 

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