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Ground Rents Income Fund PLC held its Annual General Meeting on 25 March 2026, where all proposed resolutions passed, with voting capital participation ranging from 35.88% to 36.44%. Shareholders elected Judith MacKenzie as a Director (99.72% for) and re-elected Bill Holland and Katherine Innes Ker as Directors (both 99.74% for). Separately, Bill Holland and Katherine Innes Ker previously announced on 11 December 2025 their intent to stand down from the Board once replacement Non-Executive Directors are appointed.
| Date | 25 Mar 2026 |
| Time | 16:56:58 |
| Category | AGMs and other meetings |
| ID | 1363Y |
25 March 2026
Annual general meeting AND UPDATE ON BOARD SUCCESSION
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 Wednesday, 25 March 2026. All the resolutions passed. The results of the poll are:
|
|
Resolution |
For |
% |
Against |
% |
Withheld |
Total % of Voting Capital voted (excluding Withheld) |
|
1 |
To receive the audited financial statements of the Company for the year ended 30 September 2025 and the Report of the Directors thereon. |
34,292,390 |
99.90 |
32,870 |
0.10 |
533,897 |
35.88 |
|
2 |
To approve the Directors' Remuneration Report for the financial year ended 30 September 2025. |
34,714,667 |
99.62 |
133,346 |
0.38 |
11,144 |
36.43 |
|
3 |
To elect Judith MacKenzie as a Director of the Company. |
34,748,770 |
99.72 |
99,243 |
0.28 |
11,144 |
36.43 |
|
4 |
To re-elect Bill Holland as a Director of the Company. |
34,758,410 |
99.74 |
89,603 |
0.26 |
11,144 |
36.43 |
|
5 |
To re-elect Katherine Innes Ker as a Director of the Company. |
34,758,410 |
99.74 |
89,603 |
0.26 |
11,144 |
36.43 |
|
6 |
To appoint RSM UK Audit LLP as auditor of the Company. |
34,751,902 |
99.71 |
101,111 |
0.29 |
6,144 |
36.43 |
|
7 |
To authorise the Directors to determine the remuneration of RSM UK Audit LLP as auditor of the Company. |
34,753,713 |
99.72 |
99,300 |
0.28 |
6,144 |
36.43 |
|
8 |
To renew the authority to allot shares. |
34,693,798 |
99.54 |
159,215 |
0.46 |
6,144 |
36.43 |
|
9 |
To disapply pre-emption rights (special resolution). |
34,693,798 |
99.54 |
159,215 |
0.46 |
6,144 |
36.43 |
|
10 |
To renew the authority to purchase own shares (special resolution). |
34,813,408 |
99.87 |
45,749 |
0.13 |
0 |
36.44 |
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
Update on Board succession
On 11 December 2025, the Company announced that Bill Holland and Katherine Innes Ker had both confirmed their intent to stand down from their positions on the Board once replacement Non-Executive Directors had been appointed. The appointment process is progressing well and the Company anticipates being able to release a further announcement within the coming weeks.
Enquiries:
Schroder Real Estate Investment Management Limited
Chris Leek
020 7658 6000
Singer Capital Markets (Financial Adviser & Broker)
James Maxwell (Investment Banking)
Sam Greatrex (Sales)
020 7496 3000
Appleby Securities (Channel Islands) Limited (Sponsor)
Andrew Weaver / Michael Davies
01534 888 777
FTI Consulting
Richard Gotla / Oliver Parsons
0203 727 1000
JTC (UK) Limited (Company Secretary)
Ruth Wright
+44 207 409 0181