⌘K

/Equities/XLON/LMP/RNS

Result of AGM

RNS Number : 3878S

LondonMetric Property PLC

13 July 2022

LONDONMETRIC PROPERTY PLC

("LondonMetric" or "Company")

RESULT OF AGM

LondonMetric Property Plc announces that at its Annual General Meeting held earlier today, Wednesday 13 July 2022, all resolutions were duly passed with the requisite majority by means of a poll.

A copy of resolutions 15 to 20 (as set out in the notice of Annual General Meeting), being the resolutions passed at the Annual General Meeting not concerning ordinary business, is being submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

There were 980,144,326 ordinary shares in issue at the close of business on 11 July 2022 (being the total number of shares entitling holders to vote at the AGM).

All resolutions were decided on a poll and all valid proxy votes (whether submitted electronically or in hard copy form) were included in the poll taken at the meeting. All resolutions proposed at the Annual General Meeting were passed by shareholders. The number of votes for and against each of the resolutions put before the Annual General Meeting and the number of votes withheld were as follows.

	Resolution	For Votes	% of votes cast*	Against Votes	% of votes cast*	Withheld Votes
1	Receive the Annual Report and Accounts	769,677,950	99.86%	1,085,085	0.14%	5,072,355
2	Approve the Annual Report on Remuneration	729,175,951	94.68%	40,978,748	5.32%	5,680,691
3	Reappoint Deloitte LLP as Auditor	770,732,031	99.93%	571,890	0.07%	4,531,469
4	Authorise Auditor's remuneration	775,724,336	99.99%	8,515	0.01%	102,539
5	Re-election of Patrick Vaughan as a Director	595,102,910	79.15%	156,751,658	20.85%	23,980,822
6	Re-election of Andrew Jones as a Director	774,817,595	99.88%	909,399	0.12%	108,396
7	Re-election of Martin McGann as a Director	772,706,171	99.61%	3,019,351	0.39%	109,868
8	Re-election of James Dean as a Director	773,228,476	99.68%	2,475,231	0.32%	131,683
9	Re-election of Rosalyn Wilton as a Director	775,451,684	99.96%	273,838	0.04%	109,868
10	Re-election of Andrew Livingston as a Director	764,218,898	99.08%	7,090,959	0.92%	4,525,533
11	Re-election of Suzanne Avery as a Director	769,685,072	99.22%	6,018,635	0.78%	131,683
12	Re-election of Robert Fowlds as a Director	768,396,520	99.06%	7,307,187	0.94%	131,683
13	Re-election of Katerina Patmore as a Director	775,429,869	99.96%	273,838	0.04%	131,683
14	Election of Alistair Elliott as a Director	774,326,714	99.82%	1,376,555	0.18%	132,121
15	Authorise Directors to allot shares and equity securities	727,711,862	93.81%	48,020,174	6.19%	103,354
16	Authorise Directors to offer ordinary shares in lieu of a cash dividend	775,726,225	99.99%	8,845	0.01%	100,320
17	To disapply Section 561 of the Companies Act 2006 in respect of allotments	775,287,148	99.94%	431,381	0.06%	116,861
18	To disapply Section 561 of the Companies Act 2006 in respect of specified allotments	769,183,595	99.16%	6,535,653	0.84%	116,142
19	Authorise the Company to make market purchases of ordinary shares	770,850,424	99.42%	4,464,926	0.58%	520,040
20	Authorise the Company to call a general meeting with no less than 14 days' notice	710,562,496	91.60%	65,173,293	8.40%	99,601

* excluding votes withheld

Resolution 5

The Board notes the level of votes cast against Resolution 5, the re-election of Patrick Vaughan, which received 79.15% approval. We are engaging with shareholders who voted against the re-election to address their concerns and will report in due course. The Board strongly supports Patrick's re-election as Chair of the Board and Nomination Committee. In relation to Provision 19 of the Corporate Governance Code relating to the tenure of the Chair, the Board does not believe that Patrick's independence and objectivity is compromised by the length of his service, and values his property expertise and sound judgement. However, the search for a successor is underway. The Nomination Committee and Board is committed to strengthening female representation on the Board, which following this AGM has temporarily fallen below its 33% target and year end position, and will report on progress in due course.

-Ends-

LondonMetric Property Plc

Andrew Jones / Martin McGann

Tel: +44 (0) 20 7484 9000

FTI Consulting

Dido Laurimore / Richard Gotla/Andrew Davis

Tel: +44 (0) 20 3727 1000

Notes to editors:

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term. Further information is available at www.londonmetric.com

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 [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGZXLFFLDLFBBE

Result of AGM - Londonmetric Property PLC | RNS | Ticker