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Ground Rents Income Fund PLC announced that all 10 resolutions proposed at its Annual General Meeting (AGM) on Thursday, 13 February 2025, were passed. Shareholders re-elected Barry Gilbertson (99.47% for), Bill Holland (99.49% for), and Katherine Innes Ker (99.47% for) as Directors, and re-appointed PwC as auditor (99.80% for). The total percentage of voting capital voted on resolutions ranged from 23.65% to 23.69% of the 95,667,627 ordinary shares in issue.
| Date | 13 Feb 2025 |
| Time | 17:00:01 |
| Category | AGMs and other meetings |
| ID | 0705X |
Annual General Meeting
Ground Rents Income Fund plc (the "Company") announces that a poll was held on each of the resolutions proposed at the Annual General Meeting ("AGM") on Thursday, 13 February 2025. All resolutions passed. The results of the poll are:
| |
Resolution |
For |
% |
Against |
% |
Withheld |
Total % of Voting Capital voted (excluding Withheld) |
| 1 |
To receive the Report of the Directors and the audited financial statements of the Company for the year ended 30 September 2024. |
21,932,942 |
96.87% |
708,328 |
3.13% |
27,238 |
23.67 |
| 2 |
To approve the Directors' Remuneration Report for the financial year ended 30 September 2024. |
22,534,721 |
99.45% |
124,487 |
0.55% |
9,300 |
23.69 |
| 3 |
To re-elect Barry Gilbertson as a Director of the Company. |
22,533,234 |
99.47% |
120,974 |
0.53% |
14,300 |
23.68 |
| 4 |
To re-elect Bill Holland as a Director of the Company. |
22,538,750 |
99.49% |
115,458 |
0.51% |
14,300 |
23.68 |
| 5 |
To re-elect Katherine Innes Ker as a Director of the Company. |
22,533,993 |
99.47% |
120,215 |
0.53% |
14,300 |
23.68 |
| 6 |
To re-appoint PwC as auditor of the Company. |
22,613,746 |
99.80% |
45,462 |
0.20% |
9,300 |
23.69 |
| 7 |
To authorise the Directors to determine the remuneration of PricewaterhouseCoopers LLP as auditors to the Company. |
22,636,072 |
99.98% |
5,198 |
0.02% |
27,238 |
23.67 |
| 8 |
To renew the authority to allot shares. |
22,422,503 |
99.12% |
198,259 |
0.88% |
47,746 |
23.65 |
| 9 |
To disapply pre-emption rights (special resolution) |
21,946,858 |
96.86% |
712,350 |
3.14% |
9,300 |
23.69 |
| 10 |
To renew the authority to purchase own shares (special resolution). |
22,633,760 |
99.89% |
25,448 |
0.11% |
9,300 |
23.69 |
Copies of resolutions 8, 9, and 10 will be filed at Companies House.
Shareholders are entitled to one vote per share. Votes withheld are not a vote in law and are therefore not counted in the calculation of the percentages of the votes cast for and against a resolution. Where shareholders appointed the Chairman as their proxy with discretion as to voting, their votes were cast in favour of the resolutions and their shares have been included in the "votes for" column.
The total number of ordinary shares of 50p each in issue is 95,667,627. The total number of voting rights is: 95,667,627.
A copy of the resolutions passed at today's AGM will be available for inspection on the Company's website at http://www.groundrentsincomefund.com
Enquiries:
Matthew Riley
Schroder Investment Management Limited
020 7658 6596