25th Oct 2017 13:26
GCP Student Living Plc - Result of AGMGCP Student Living Plc - Result of AGM
PR Newswire
London, October 25
GCP STUDENT LIVING PLC
(“GCP Student” or the “Company”, together with its subsidiaries the “Group”)
LEI: 2138004J4ID66FK38H25
Result of Annual General Meeting
GCP Student Living, the UK's first REIT focused on student residential assets, is pleased to announce that, at the Annual General Meeting held today, all resolutions were passed on a show of hands.
Resolutions 1 to 10 related to Ordinary Business. Resolutions 11 to 16 related to Special Business, as set out below:
Resolution 11 (ordinary resolution): To authorise the Directors to allot shares pursuant to section 551 of the Companies Act 2006.
Resolution 12 (special resolution): To authorise the Directors to allot shares for cash pursuant to sections 570 and 573 of the Companies Act 2006 otherwise than in accordance with statutory pre-emption rights.
Resolution 13 (special resolution): To authorise the Directors to make market purchases of the Company’s own shares.
Resolution 14 (special resolution): To authorise the Directors to convene a general meeting on not less than 14 clear days’ notice.
Resolution 15 (special resolution): To increase the maximum aggregate limit for Directors’ annual remuneration contained in the Company’s articles of association.
Resolution 16 (ordinary resolution): To authorise the Company to use electronic communications with its shareholders.
The proxy votes received in relation to these resolutions were as follows:
| Resolutions | Votes For | Votes Against | Votes at Chairman’s Discretion | Votes Withheld |
| Resolution 1 | 163,081,961 | 0 | 971 | 0 |
| Resolution 2 | 158,336,747 | 509,171 | 971 | 4,236,043 |
| Resolution 3 | 162,605,559 | 472,433 | 971 | 3,969 |
| Resolution 4 | 162,988,992 | 89,000 | 971 | 3,969 |
| Resolution 5 | 162,988,040 | 89,000 | 971 | 4,921 |
| Resolution 6 | 162,988,040 | 89,000 | 971 | 4,921 |
| Resolution 7 | 162,988,992 | 89,000 | 971 | 3,969 |
| Resolution 8 | 158,378,454 | 4,612,065 | 971 | 91,442 |
| Resolution 9 | 163,081,961 | 0 | 971 | 0 |
| Resolution 10 | 163,081,961 | 0 | 971 | 0 |
| Resolution 11 | 162,610,528 | 471,433 | 971 | 0 |
| Resolution 12 | 162,609,828 | 472,133 | 971 | 0 |
| Resolution 13 | 162,561,496 | 520,465 | 971 | 0 |
| Resolution 14 | 162,037,039 | 1,042,422 | 971 | 2,500 |
| Resolution 15 | 162,602,726 | 474,085 | 971 | 5,150 |
| Resolution 16 | 163,081,961 | 0 | 971 | 0 |
A copy of the resolutions passed as Special Business will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
For further information please contact:
Gravis Capital Management Limited +44 020 3405 8500
Tom Ward [email protected]
Nick Barker [email protected]
Dion Di Miceli [email protected]
Stifel Nicolaus Europe Limited +44 020 7710 7600
Neil Winward [email protected]
Mark Young [email protected]
Tom Yeadon [email protected]
Buchanan +44 020 7466 5000
Charles Ryland [email protected]
Vicky Watkins [email protected]
About GCP Student
The Company was the first student accommodation REIT in the UK, investing in modern, purpose-built, private student residential accommodation and teaching facilities. Its investments are located primarily in and around London where the Investment Manager believes the Company is likely to benefit from supply and demand imbalances for student residential accommodation.
GCP Student’s property portfolio comprises nine assets with c.3,450 beds which are either currently fully operational or expected to complete construction / refurbishment over the next two academic years. At 30 September 2017, its property portfolio was valued at £672.1 million.
The Company’s standing properties are mainly occupied by international students and offer high specification facilities and hotel-level concierge type services which the Investment Manager believes are attractive to overseas students.
Related Shares:
DIGS.L