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Phoenix Spree Deutschland Limited announced on March 12, 2025, that all resolutions proposed at its Extraordinary General Meeting (EGM) were approved. A total of 51,288,724 votes were received, with Resolutions 1 and 2 passing with 99.79% of votes for/discretionary, and Resolution 3 passing with 99.74% of votes for/discretionary.
| Date | 12 Mar 2025 |
| Time | 11:49:03 |
| Category | AGMs and other meetings |
| ID | 4025A |
12 March 2025
Phoenix Spree Deutschland Limited
(the "Company" or "PSDL")
EGM Results
Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in Berlin residential real estate, today announces that all resolutions put to the extraordinary general meeting ("EGM") held today, Wednesday 12 March 2025, at the registered office of the Company were duly approved by a large majority. Details of the proxy votes received in respect of each resolution are attached to the foot of this announcement.
EGM resolutions and results.
Total votes of 51,288,724 were received. Details of the votes received in respect of each resolution are noted as follows:
|
Summary Resolutions* |
For / Discretionary1 |
% |
Against |
% |
Withheld |
|
1. Special Resolution: THAT Article 144.3 of the Articles of Association of the Company be deleted in its entirety and replaced. |
51,181,046 |
99.79 |
106,486 |
0.21 |
1,192 |
|
2. Ordinary Resolution: THAT the Company adopt the new investment policy, as set out on pages 4 to 6 of the circular, in substitution for the current investment policy of the Company. |
51,181,046 |
99.79 |
106,486 |
0.21 |
1,192 |
|
3. Ordinary Resolution: THAT the Company continue as a closed-ended investment company. |
51,156,686 |
99.74 |
130,846 |
0.26 |
1,192 |
1Any proxy appointments which gave discretion to the Chair of the EGM, or a third party were voted for the resolution.
*The full text of the resolutions may be found in the notice of the EGM, a copy of which is available on both the Company's website www.phoenixspree.com and on the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
In accordance with Listing Rule 9.6.2, the full text of the special resolution passed at the EGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Legal Entity Identifier: 213800OR6IIJPG98AG39
For Further Information, Please Contact:
Phoenix Spree Deutschland Limited +44 (0) 20 3937 8760
Stuart Young
Numis Securities Limited (Corporate Broker) +44 (0) 20 7260 1000
David Benda
Teneo (Financial PR) +44 (0) 20 7353 4200
Lizzie Snow
Annushka Shivnani