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Result of AGM

1st Jun 2022 11:18

RNS Number : 5757N

Secure Income REIT PLC

01 June 2022

1 June 2022

Secure Income REIT Plc

Result of AGM

The Board of Secure Income REIT Plc (the "Company"), the specialist long term income UK REIT, confirms that, at the Annual General Meeting of the company held on 1 June 2022, all resolutions proposed were duly passed. The results of voting for each resolution are:

Ordinary resolutions	FOR	% FOR	AGAINST	% AGAINST	WITHHELD
1. To approve the annual report for the year to 31 December 2021	229,525,242	100.00%	0	0.00%	180,143
2. To authorise the directors to declare dividends as interim dividends	229,700,221	100.00%	0	0.00%	5,164
3. To re-elect Martin Moore as a Director	229,282,628	99.82%	417,593	0.18%	5,164
4. To re-elect Mike Brown as a Director	228,652,085	99.54%	1,048,136	0.46%	5,164
5. To re-elect Leslie Ferrar as a Director	228,828,218	99.62%	872,003	0.38%	5,164
6. To re-elect Sandy Gumm as a Director	229,384,797	99.86%	315,424	0.14%	5,164
7. To re-elect Jonathan Lane as a Director	228,835,217	99.62%	865,004	0.38%	5,164
8. To re-elect Nick Leslau as a Director	228,651,085	99.54%	1,049,136	0.46%	5,164
9. To re-elect Ian Marcus as a Director	229,280,147	99.82%	420,074	0.18%	5,164
10. To reappoint BDO LLP as the auditors	224,801,493	98.74%	2,897,608	1.26%	6,284
11. To authorise the Directors to fix the remuneration of the auditors	229,698,988	100.00%	0	0.00%	6,397
12. That the Company be generally and unconditionally authorised to allot ordinary shares in the Company	228,392,909	99.43%	1,307,312	0.57%	5,164
Special resolutions
13. That the Company be generally authorised to make market purchases of ordinary shares subject to certain conditions	228,671,675	99.57%	987,075	0.43%	46,635
14. That the Directors be empowered to allot equity securities in the Company for cash without pre-emption rights subject to certain conditions	224,321,884	97.66%	5,364,559	2.34%	18,942

Total votes cast in respect of each resolution amounted to approximately 70.9% of shares in issue.

For further information on the Company, please contact:

Secure Income REIT Plc	+44 20 7647 7647
Sandy Gumm	[email protected]

Stifel Nicolaus Europe Limited (Nominated Adviser)	+44 20 7710 7600
Stewart Wallace	[email protected]

FTI Consulting (PR Adviser) Dido Laurimore Claire Turvey Eve Kirmatzis	+44 20 3727 1000 [email protected]

About Secure Income REIT Plc:

Secure Income REIT Plc ("SIR") is a specialist UK REIT, investing in real estate assets that provide long term rental income with upwards only inflation protection.

The Company owns a £2.3 billion portfolio at the 31 March 2022 external valuation with net assets of £1.5 billion, equivalent to 475.5 pence per share. at that date.

SIR has a highly experienced board, chaired by Martin Moore, and is advised by Prestbury Investment Partners Limited. Prestbury is owned and managed by Nick Leslau, Mike Brown, Tim Evans, Sandy Gumm and Ben Walford, a team with a long and successful track record of creating value in real estate investment and asset management and, with an investment worth over £190 million in the Company (at 31 March 2022 EPRA NTA), very close alignment with the interests of SIR shareholders.

On 11 May 2022, the boards of LXi REIT plc ("LXi") and the Company announced that they reached agreement on the terms and conditions of a recommended offer pursuant to which LXi will acquire the entire issued share capital of SIR (the "Merger"). The Merger is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act. Details of the Merger are set out in a circular to shareholders that is to be posted to shareholders today and a summary of the proposals is set out in the announcement, which is available on the Company's website (www.SecureIncomeREIT.co.uk) and LXi's website (www.LXIREIT.com).

The Company is a UK REIT which floated on the AIM market of the London Stock Exchange in June 2014.

The Company's LEI is 213800M1VI451RU17H40.

Further information on Secure Income REIT is available at www.SecureIncomeREIT.co.uk.

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END

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