27th Apr 2017 18:28
27 April 2017
KENNEDY WILSON EUROPE REAL ESTATE PLC
("KWE", the "Company" or the "Group")
CORRECTION - RESULTS OF THE 2017 ANNUAL GENERAL MEETING
The following amendments have been made to the RESULT OF THE 2017 ANNUAL GENERAL MEETING announcement released yesterday, 26 April 2017, under RNS No 4128D.
Due to a processing error made by KWE's registrars, Computershare Investor Services (Jersey) Limited, the results of the poll for each resolution were wrongly stated in the announcement released yesterday and have now been corrected. All other details remain unchanged.
The full amended text is shown below.
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Kennedy Wilson Europe Real Estate Plc (LSE: KWE), an LSE listed property company that invests in direct real estate and real estate loans in Europe, is pleased to announce that, at the Annual General Meeting of the Company, held at the offices of Allen & Overy LLP, One Bishops Square, London, E1 6AD on Wednesday, 26 April 2017 at 10.00 a.m., all the resolutions were passed by the requisite majorities on a poll by shareholders.
The results of the poll for each resolution incorporating proxy votes lodged in advance of the meeting are as follows:
Resolution | Votes for | % ofvotes cast | Votes against |
% ofvotes cast | Votes withheld* | Total votes cast as % of ISC | |
1 | Receive the Annual Report and Accounts for the financial year ended 31 December 2016 | 113,838,213 | 99.91 | 102,260 | 0.09 | 128,197 | 90.33 |
2 | Approve the directors' remuneration report for the financial year ended 31 December 2016 | 113,452,598 | 99.46 | 614,272 | 0.54 | 1,800 | 90.43 |
3 | To re-appoint KPMG as Auditor until the conclusion of the Company's next annual general meeting to be held in 2018 | 113,980,058 | 99.92 | 87,812 | 0.08 | 800 | 90.43 |
4 | To authorise the Audit Committee to determine Auditor's remuneration | 113,304,841 | 99.62 | 429,425 | 0.38 | 334,404 | 90.17 |
5 | To re-electCharlotte Valeur as a Director | 112,164,116 | 98.33 | 1,903,754 | 1.67 | 800 | 90.43
|
6 | To re-electWilliam McMorrow as a Director | 111,944,703 | 98.14 | 2,123,167 | 1.86 | 800 | 90.43 |
7 | To re-electMark McNicholas as a Director | 113,719,818 | 99.7 | 343,772 | 0.3 | 5,080 | 90.43 |
8 | To re-electSimon Radford as a Director | 113,674,266 | 99.65 | 393,604 | 0.35 | 800 | 90.43 |
9 | To re-electMary Ricks as a Director | 111,974,253 | 98.16 | 2,093,617 | 1.84 | 800 | 90.43 |
10 | To authorise market purchase by the Company of its shares as per the terms set out in the Notice of Meeting** | 112,785,590 | 99.54 | 519,251 | 0.46 | 763,829 | 89.83 |
11 | To empower Directors to allot and issue (or sell from treasury) 12,613,340 shares for cash as if pre-emption rights did not apply to such allotment as per the terms set out in the Notice of Meeting ** | 98,084,870 | 85.99 | 15,982,000 | 14.01 | 1,800 | 90.43 |
* A vote withheld is not a vote in law and is not counted towards the votes cast "For" or "Against" a resolution
** Special resolution (66⅔% majority required)
The issued share capital of the Company as at 6.00 p.m. on 24 April 2017 (the record time and date for voting) was 126,133,407 ordinary shares.
In accordance with paragraph 9.6.2(R) of the Listing Rules, a copy of the resolutions passed at the Annual General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm.
A copy of the poll results for the Annual General Meeting will be published shortly on the Company's website www.kennedywilson.eu.
The full text of the resolutions is set out in the Notice of Meeting dated 23 March 2017 which is also available at www.kennedywilson.eu.
For further information, please contact:
Investors Juliana Weiss Dalton, CFA +44 (0) 20 7479 7429 | Press Dido Laurimore / Tom Gough/Polly Warrack +44 (0) 20 3727 1000 |
About Kennedy Wilson Europe Real Estate Plc
Kennedy Wilson Europe Real Estate Plc is an LSE listed property company that invests in real estate across the UK, Ireland, Spain and Italy. It aims to generate superior shareholder returns by unlocking value of under-resourced real estate across its target geographies. Its existing portfolio is primarily invested across office and retail in the UK and Ireland, weighted towards London, the South East and Dublin. For further information on Kennedy Wilson Europe Real Estate Plc, please visit www.kennedywilson.eu
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