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| TIDM | PSDL |
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Phoenix Spree Deutschland Limited announced that all resolutions proposed at its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM), both held on 18 June 2025, were duly approved by shareholders. At the AGM, 11 resolutions passed with 51,908,452 votes cast, including the re-election of five directors and authorisations for the company to purchase up to 13,764,921 ordinary shares and allot up to 10,075,141 ordinary shares. The EGM's single special resolution, which received 51,554,802 votes, approved amendments to the articles of association concerning the conversion of shares into redeemable ordinary shares and the adoption of a compulsory redemption facility.
| Date | 18 Jun 2025 |
| Time | 15:41:51 |
| Category | AGMs and other meetings |
| ID | 4460N |
18 June 2025
Phoenix Spree Deutschland Limited
(the "Company" or "PSDL")
AGM and 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 annual and extraordinary general meetings held today, Wednesday, 18 June 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.
1. Annual General Meeting (the "AGM") resolutions and results
Total votes of 51,908,452 were received. Details of the votes received in respect of each resolution are noted as follows:
|
Summary Resolutions* |
For / Discretionary1 |
% |
Against |
% |
Withheld |
|
1. Ordinary Resolution: THAT the audited annual report and financial statements of the Company for the year ended 31 December 2024, together with the report of the directors and report of the auditors be received and adopted. |
51,899,760 |
99.99 |
7,500 |
0.01 |
1,192 |
|
2. Ordinary Resolution: THAT the Directors' remuneration report for the year ended 31 December 2024 be approved. |
51,611,102 |
99.44 |
288,309 |
0.56 |
9,041 |
|
3. Ordinary Resolution: THAT Robert Hingley be re-elected as a director of the Company. |
50,768,061 |
97.81 |
1,138,396 |
2.19 |
1,995 |
|
4. Ordinary Resolution: THAT Jonathan Thompson be re-elected as a director of the Company. |
51,595,166 |
99.88 |
63,952 |
0.12 |
249,334 |
|
5. Ordinary Resolution: THAT Antonia Burgess be re-elected as a director of the Company |
50,858,967 |
98.45 |
800,151 |
1.55 |
249,334 |
|
6. Ordinary Resolution: THAT Isabel Robins be re-elected as a director of the Company. |
50,858,967 |
98.45 |
800,151 |
1.55 |
249,334 |
|
7. Ordinary Resolution: THAT Steven Wilderspin be re-elected as a director of the Company. |
51,590,496 |
99.87 |
68,622 |
0.13 |
249,334 |
|
8. Ordinary Resolution: THAT RSM UK Audit LLP be re-appointed as auditors to the Company. |
51,900,649 |
99.99 |
7,500 |
0.01 |
303 |
|
9. Ordinary Resolution: THAT the Audit Committee be authorised to determine the remuneration of RSM UK Audit LLP. |
51,893,219 |
99.98 |
8,187 |
0.02 |
7,046 |
|
10. Special Resolution: THAT the Company be generally and unconditionally authorised to make market purchases of and to cancel or hold in treasury up to 13,764,921 Ordinary Shares. |
51,877,489 |
99.94 |
30,963 |
0.06 |
0 |
|
11. Special Resolution: THAT the Directors be authorised to allot and issue up to 10,075,141 Ordinary Shares, as if pre-emption rights in the articles did not apply.
|
51,793,368 |
99.85 |
78,204 |
0.15 |
36,880 |
2. Extraordinary General Meeting (the "EGM") resolution and results
Total votes of 51,554,802 were received. Details of the votes received in respect of the resolution are noted as follows:
|
Summary Resolutions* |
For / Discretionary1 |
% |
Against |
% |
Withheld |
|
1. Special Resolution: THAT the articles of association of the Company be amended to provide for the conversion of existing non-redeemable ordinary shares in the capital of the Company into redeemable ordinary shares, the issuance of a single non-redeemable share in the Company be authorised and new articles of association that provide the mechanism by which the Company will be permitted to compulsorily redeem some or all of the Ordinary Shares in issue on any particular date pursuant to the Company's Compulsory Redemption Facility be adopted.
|
51,464,497 |
99.87 |
65,113 |
0.13 |
25,192 |
1Any proxy appointments which gave discretion to the Chair of the AGM and/or EGM, or a third party were voted for the resolutions.
*The full text of the resolutions may be found in the respective notices of the AGM and 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 UK Listing Rule 6.4.2 the full text of the special resolutions passed at the AGM and 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
Deutsche Numis (Corporate Broker) +44 (0) 20 7260 1263
Hugh Jonathan
Teneo (Financial PR) +44 (0) 20 7353 4200
Elizabeth Snow
Annushka Shivnani