25th Jan 2018 14:45
RDI REIT P.L.C.
("RDI" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00B8BV8G91
LEI: 2138006NHZUMMRYQ1745
Annual General Meeting Voting Results
RDI, the FTSE 250 income-focused UK-REIT, announces that at the Annual General Meeting ("AGM") held today, all the proposed resolutions were duly passed by the required majority on votes conducted by way of a poll.
The results of voting by all shareholders on the resolutions, which can be found in the Notice of AGM, were as follows: -
Resolution | For | % | Against | % | Withheld | |
1. | To adopt the Group and Company's audited financial statements for the year ended 31 August 2017 together with the reports of the Directors and Independent Auditors | 1,275,575,007 | 99.97 | 413,103 | 0.03 | 7,920,086 |
2 | To approve the Directors' Annual Report on Remuneration | 1,125,598,183 | 89.41 | 133,326,607 | 10.59 | 25,063,404 |
3 | To re-elect GA Clarke as a Director | 1,264,931,993 | 99.11 | 11,405,161 | 0.89 | 7,651,042 |
4 | To re-elect MJW Farrow as an Independent Director | 1,269,501,929 | 99.47 | 6,782,527 | 0.53 | 7,703,739 |
5 | To re-elect GR Tipper as an Independent Director | 1,262,091,367 | 99.57 | 5,484,838 | 0.43 | 16,331,990 |
6 | To re-elect SE Ford as an Independent Director | 1,274,250,897 | 99.84 | 2,033,560 | 0.16 | 7,703,739 |
7 | To re-elect RS Orr as an Independent Director | 1,274,257,106 | 99.85 | 1,957,351 | 0.15 | 7,693,739 |
8 | To elect EA Peace as an Independent Director | 1,274,247,736 | 99.84 | 2,036,721 | 0.16 | 7,703,739 |
9 | To re-elect M Wainer as a Director | 1,193,136,093 | 94.12 | 74,481,407 | 5.88 | 16,290,694 |
10 | To re-elect B Nackan as a Director | 1,205,378,083 | 95.09 | 62,240,057 | 4.91 | 16,290,054 |
11 | To re-elect MJ Watters as a Director | 1,270,945,096 | 99.58 | 5,385,926 | 0.42 | 7,577,174 |
12 | To re-elect SJ Oakenfull as a Director | 1,270,961,137 | 99.59 | 5,295,256 | 0.41 | 7,651,803 |
13 | To re-elect DA Grant as a Director | 1,270,747,596 | 99.56 | 5,588,797 | 0.44 | 7,651,803 |
14 | To re-elect AA Horsburgh as a Director | 1,270,663,978 | 99.56 | 5,591,816 | 0.44 | 7,652,402 |
15 | To re-appoint KPMG as the Company's Independent Auditor | 1,236,952,700 | 96.96 | 38,808,288 | 3.04 | 8,147,207 |
16 | To authorise the Directors to determine the remuneration of the Independent Auditor | 1,276,024,637 | 99.99 | 179,786 | 0.01 | 7,702,549 |
17 | To approve an increase in the aggregate fees paid to Non-executive Directors | 1,263,988,148 | 99.31 | 8,751,188 | 0.69 | 11,167,636 |
18 | To authorise the Directors to allot Ordinary Shares up to the limits contained in the Notice of AGM | 1,222,954,936 | 95.82 | 53,395,662 | 4.18 | 7,556,374 |
19 | To authorise the Directors to offer a scrip dividend alternative | 1,275,741,727 | 99.96 | 526,853 | 0.04 | 7,638,392 |
20 | To authorise the Directors to dis-apply pre-emption rights up to the limits stated in the Notice of AGM | 1,259,217,613 | 98.66 | 17,142,300 | 1.34 | 7,547,059 |
21 | To authorise the Directors to dis-apply pre-emption rights in connection with a specified investment | 1,265,944,579 | 99.18 | 10,415,333 | 0.82 | 7,547,059 |
22 | To authorise the Directors to make market purchases of own shares | 1,260,994,679 | 98.82 | 15,043,600 | 1.18 | 7,868,692 |
It should be noted that a vote withheld is not a vote in law and will not be counted in the calculation of the proportion of the votes for and against the resolution.
The Company's total issued share capital as at 25 January 2018 is 1,905,132,887 ordinary shares of 8 pence each.
In accordance with LR 9.6.2 R of the Listing Rules of the UKLA, copies of all resolutions passed by the Company, other than resolutions concerning ordinary business, have been submitted to the UK's National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM and can also be viewed on the Company's website, www.rdireit.com.
For further information:
RDI REIT P.L.C. Mike Watters, Stephen Oakenfull
|
Tel: +44 (0) 20 7811 0100 |
FTI Consulting UK Public Relations Adviser Dido Laurimore, Claire Turvey, Ellie Sweeney
|
Tel: +44 (0) 20 3727 1000 |
Instinctif Partners SA Public Relations Adviser Frederic Cornet, Lizelle du Toit
|
Tel: +27 (0) 11 447 3030 |
Java Capital JSE Sponsor
|
Tel: +27 (0) 11 722 3050 |
Note to editors:
About RDI
RDI is a FTSE 250 UK Real Estate Investment Trust (UK-REIT) committed to becoming the UK's leading income focused REIT. The Company's income-led business model and strategic priorities are designed to offer shareholders superior, sustainable and growing income returns, with a target growth in underlying earnings per share of 3%-5% across the medium term.
Income sustainability is underpinned by a diversified portfolio and tenant base, with no overreliance on any one sector or tenant, together with an efficient capital structure. The secure and growing income stream is 39% indexed and has a WAULT of 7.4 years to first break (8.5 years to expiry). This is complemented by an average debt maturity of 7.3 years of which over 90% of interest costs are either fixed or capped. The Company is focused on all aspects impacting shareholder distributions and reports one of the lowest cost ratios in the industry whilst maintaining a low cost of debt. All figures as at 31 August 2017.
The Company owns properties independently valued at £1.5bn in the United Kingdom and Germany, Europe's two largest and most transparent property markets. RDI invests in assets with strong property fundamentals spread across UK shopping centres, UK retail parks, UK offices, UK logistics, UK hotels and German retail.
RDI holds a primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange and is included within the FTSE 250, EPRA and GPR indices.
For more information on RDI, please refer to the Company's website www.rdireit.com
Related Shares:
RDI.L